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[QUOTE]Originally posted by WinsumLosesum: [QB] Thanks, Glass. Here it is for the record. West Africa Gold Inc (OTC BB: WAGI) Last Update: 10:35:12 AM ET Aug 23, 2004 West Africa Gold Inc. Announces Re-Assessment of Its Bouse Gold Property in Arizona, USA NEW YORK, NY, Aug. 23, 2004 (MARKET WIRE via COMTEX) -- West Africa Gold Inc. (WAGI) takes pleasure in announcing that the Chairman of its Advisory Committee, Dr Wayne P Colliston, is continuing with the re-assessment of West Africa Gold Inc.'s Mining assets, and has now completed his report on the 1,300 acre Bouse gold (silver -- copper) property situated in the La Paz area of western Arizona, USA, near the California border. Dr Colliston reports that the mineralising event at Bouse was a mid-Tertiary epithermal event, causing complex mineralisation of gold, fluorite, barite, and associated metals into previous copper-specularite mineralisation. The prime cause was regional crustal extension along the Plomosa Fault, just north of the Plomosa mountains, which has now been identified as a detachment fault. The "detachment fault" style of deposit is best seen at Copperstone, the biggest gold discovery in Arizona in the past 50 years, where 500,000 oz of gold were profitably by Cyprus Gold in the open pit there. The Mesquite mine is another of this type. Mineralisation at Bouse is located primarily below the fault trace, in the lower plate, in pre-Cambrian rocks older than 1 billion years. Mineralisation is found both in steeply dipping quartz veins and in laterally extensive breccia zones. The nature of these structures and associated mineralisation over almost all of the 1,300 acres suggest further potential for major detachment fault gold deposits, and other deposits associated with this style of mineralisation. The Bouse area is an historic gold producer, with the Little Butte open pit and underground mines as known producers. Importantly, the historical grade recovered here averaged over 0.4 oz/ton. Around 2/3 of this production was from the Little Butte Mine, where the Arizona Department of Mines and Mineral Resources has recorded that the results of a 16-hold drilling programme showed about 5 million tons of inferred ore grading between 0.05 and 0.30 oz/ton. Others areas of interest within the Company's 1,300 acres are the Brindle Claims, the high grade Arrastre Mine, the Blue Slate Mine and the Flat Fault Mine. At the current gold price of approximately US $400/oz, this provides a value estimate for the deposit in the range of up to $600 million. This estimated gold resource is for the little Butte area only, and does not include any potential from the remainder of the property. The CEO of WAGI, Michael G Saner, said today that, "As with our Mockingbird project, the Bouse gold project is also identified as a detachment fault deposit. This is another prime property for the discovery of a substantial gold reserve in Arizona. Our challenge now is to explore and develop the property from its present stage to that of a proven orebody (or orebodies) and move to put it into production as soon as possible." About West Africa Gold Inc.:- West Africa Gold (www.westafricagold.com) is an aggressive gold exploration company that has acquired certain rights to mine for minerals, primarily gold, in various regions of the Republic of Mali and in North America. [/QB][/QUOTE]
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