Wa gold project, Ghana

28th May 2010 By: Tamsyn Graumann

Name and Location
Wa gold project, Ghana.

Project Description
The project contains resources of over 1,1-million ounces of gold, which includes the Julie mineral resource.

The Julie deposit comprises low-angle, north-dipping, east-west-trending veins extending over 6 km. It has an indicated and inferred resource of 4,9-million tons, grading 2,2 g/t for 350 100 oz of gold. The resource also contains, in two near-surface high-grade zones, 1,8-million tons, grading 3,57 g/t for 211 000 oz of gold.

Value
The value has not been disclosed.

Duration
The feasibility study is expected to be completed by the end of 2010. Final results from drilling to extend the Julie prospect, as well as to extend mineralisation at the nearby 4-km Collette deposit, are expected soon, following which an initial resource estimate will be released by June 2010.

Construction is provisionally scheduled to be completed by the end of 2011.

Client
Azumah Resources.

Key Contracts and Suppliers
CSA Global (Julie mineral resource estimate).

Latest Developments
Surveys are being conducted on site for the scoping phase of the environmental- and social-impact study.

On Budget and on Time?
The project is reportedly on track to have the feasibility study completed on time.

Contact Details for Project Information
Azumah Resources, tel +233 244 314 700 or fax +2333 244 391 499.
CSA Global, tel +61 8 9355 1677, fax +61 8 9355 1977 or email csaaus@csaglobal.com.