🕐01.02.10 - 06:42 Uhr

Azumah Resources - Azumah completes acquisition of three new licences



----------------------------------------------------------------- AZUMAH RESOURCES - AZUMAH COMPLETES ACQUISITION OF THREE NEW LICENCES ----------------------------------------------------------------- This email is best viewed in your web browser.

Click the link below to see it: http://azumahresources.createsend2.com/t/r/e/utykhk/sdrdhmd/ ----------------------------------------------------------------- AZUMAH COMPLETES ACQUISITION OF THREE NEW LICENCES WA GOLD PROJECT, GHANA ----------------------------------------------------------------- Download the full announcement including figures and tables. Licences include the Julie and Collette prospects where drilling has intersected high-grade, near-surface gold mineralisation. * Maiden resource estimation to be completed for Julie prospect before end-March Quarter 2010. * Azumah to issue Crew Gold Corporation 6,000,000 new ordinary fully paid shares.


West African West African gold explorer Azumah Resources Limited (ASX:AZM) is pleased to confirm that it has formally completed the acquisition of three prospecting licences – which include the Julie and Collette prospects at its Wa Gold Project, in the emerging north west Ghana gold province (Figures 1 and 2). Pursuant to Sale and Purchase Agreements entered into with Crew Gold Corporation ("Crew") last year, an outstanding condition precedent requiring the reassignment and registration by the Ghana Minerals Commission of the Crew licences to Azumahs Ghana subsidiary, Phoenix Gold Limited, has now been met and Azumah will now issue 6,000,000 new ordinary fully paid Azumah shares to Crew (refer to ASX releases dated 3rd March 2009 and 1st June 2009). With the Crew deal, Azumah acquired an extensive and valuable technical database that has provided an excellent platform for Azumahs field work and recent drilling campaigns.

These campaigns have already confirmed extensive structurally controlled mineralised systems at the Julie and Collette prospects, the presence of several other drill-ready targets and an excellent gold prospectivity within the broader 300km2 licence acquisitions.. Read more...
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