West African Resources : hits 16m at 69.1g/t Au including 2m at 315.3g/t Au from 209m at M1 South

Press Release

17th October 2016 West African hits 16m at 69.1g/t Au including 2m at 315.3g/t Au from 209m at M1 South

Gold developer West African Resources Limited (ASX, TSXV: WAF) is pleased to report further high-grade RC results from the M1 prospect, at its 100%-owned Tanlouka Gold Project, Burkina Faso.

Highlights

• More high grade results from M1 South with 16m at 69.1g/t Au including 2m at 315.3g/t Au from 209m
• Deepest results to date, outside current resource area, down dip of previous drilling
• New results to be included in resource update in Q4 2016
• Feasibility study in progress on track for completion in Q4 2016
• $19.5m cash at bank and no debt

  Managing Director Richard Hyde commented:

  "Extensional drilling at M1 South has intercepted mineralisation beneath of the current resource area, returning 16m at 69.1g/t Au including 2m at 315.3g/t Au from 209m.

  A further gold zone up hole returned 9m at 11.17 g/t Au including 2m 32.8g/t Au from 197m.

  "These are the deepest results to date and will extend the resource beyond 200m vertical metres. Drilling is currently focussed on extending mineralisation to 300m below surface beneath the current M1 South resource. A further resource updated is expected in Q4, in parallel with completion of feasibility studies for the project."

  M1 South Drilling at Depth

  Diamond drilling is in progress at M1 South with the aim of extending mineralisation beneath the current resource. Drilling is being completed using two multipurpose contract rigs operating double shift, in parallel with WAF's two diamond rigs operating on a single shift basis. Drilling is being completed on 25m by 50m grid along 350m strike. Significant results from the on-going drilling program include:

• TAN16-DD053: 4m at 1.74 g/t Au from 126m

• TAN16-DD054: 6m at 1.3 g/t Au from 174m, and

  • 7m at 1.95 g/t Au from 183m, and

  • 3m at 8.91 g/t Au from 218m including 1m at 23.8g/t Au

     TAN16-DD055: 9m at 11.17 g/t Au, from 197m including 2m 32.8g/t Au, and

    ­ 16m at 69.11 g/t Au from 209m, including 2m at 315.3g/t Au

• TAN16-DD056 2m at 4.06 g/t Au from 221m

Principal Office: 14 Southbourne Street, Scarborough WA 6019, Western Australia

T: + 61 8 9481 7344 F: + 61 8 9481 7355 E: [e-mail] www.westafricanresources.com ACN: 121 539 375

Tanlouka Gold Project M1 South Diamond Drilling - Visible gold in TAN16-DD055 211 - 214m down hole

Table 1: Tanlouka Gold Project M1 South Diamond Drilling TAN16-DD055 One Metre Results
Hole ID	From (m)	To (m)	Sample Id	Au g/t	Hole ID	From (m)	To (m)	Sample Id	Au g/t
TAN16-DD055	190	191	217119	0.03	TAN16-DD055	210	211	217144	2.84
TAN16-DD055	191	192	217122	0.04	TAN16-DD055	211	212	217145	39.38
TAN16-DD055	192	193	217123	0.01	TAN16-DD055	212	213	217146	68.04
TAN16-DD055	193	194	217124	0.03	TAN16-DD055	213	214	217147	332.10
TAN16-DD055	194	195	217125	0.03	TAN16-DD055	214	215	217148	298.57
TAN16-DD055	195	196	217126	0.04	TAN16-DD055	215	216	217149	83.10
TAN16-DD055	196	197	217127	0.03	TAN16-DD055	216	217	217150	70.19
TAN16-DD055	197	198	217128	7.46	TAN16-DD055	217	218	217151	18.48
TAN16-DD055	198	199	217129	0.10	TAN16-DD055	218	219	217153	10.24
TAN16-DD055	199	200	217131	38.87	TAN16-DD055	219	220	217154	137.50
TAN16-DD055	200	201	217132	26.78	TAN16-DD055	220	221	217155	11.14
TAN16-DD055	201	202	217133	20.63	TAN16-DD055	221	222	217156	3.98
TAN16-DD055	202	203	217134	1.20	TAN16-DD055	222	223	217157	0.91
TAN16-DD055	203	204	217135	4.52	TAN16-DD055	223	224	217158	13.63
TAN16-DD055	204	205	217136	0.26	TAN16-DD055	224	225	217159	0.85
TAN16-DD055	205	206	217137	0.70	TAN16-DD055	225	226	217162	0.05
TAN16-DD055	206	207	217138	0.07	TAN16-DD055	226	227	217163	0.03
TAN16-DD055	207	208	217139	0.15	TAN16-DD055	227	228	217164	0.01
TAN16-DD055	208	209	217142	0.13	TAN16-DD055	228	229	217165	0.04
TAN16-DD055	209	210	217143	14.80	TAN16-DD055	229	230	217166	0.04

Step-out drilling to the northwest and closing the gap between M1 and M5, is expected to start in late October or early November when the wet season has abated and ground conditions and access have improved. Resource definition RC drilling at M5 has been paused to allow focus to be directed to M1 South, and to reduce rig movement during the current wet season.

Figure 1: Tanlouka Gold Project - Mineralised Trends and Prospect Locations

A summary plan and sections for M1 South are presented below. Full results are presented in Table 1.

Figure 2: M1 South Summary Plan