West Africa Gold fka WAGI

[Bull Finch]

West Africa Gold Inc. Acquires Arizona Gold Mining Interests

West Africa Gold Inc. (OTC BB: WAGI) announced today that it has now completed the acquisition of additional and extremely promising Gold Mining properties, these properties being situated in Arizona, USA. The entire cost of the acquisition of these Gold Mining Properties is being settled through the issue of Restricted Shares of West Africa Gold Inc. Common Stock.

The first North American Gold acquisition by the Company is Golden Sierra Limited which owns the Mineral Rights to the Mockingbird and Great West Gold Project areas in Arizona, USA and comprises of 4 claim groups spread over 2,500 acres in Mohave County. Previous summary sampling indicated an inferred resource of 10 million tons with Gold grades of 0.1 opt with additional resources of silver and copper. Underground operations and an open pit have previously been established with initial assay results and informal sampling confirming widespread surface gold mineralization some of which is high grade (2 oz. / T) Gold.

The Mockingbird Project consists of approximately 2500 acres of mineral rights located in the heart of the historic Mockingbird Mining District, about 50 miles (80 kilometres) southeast of Las Vegas. The project area is on federal lands about 5 miles (8 km) west of the major Las Vegas / Phoenix highway and within 10 miles (16km) of the Colorado River.

The Mockingbird gold deposit is a detachment fault deposit. Mineralization is primarily located in the lower plate, which is comprised of pre Cambrian rocks over 1 billion years of age. The mineralizing event was regional crustal extension along the Mockingbird fault, which occurred about 15 million years ago. Detachment fault deposits were first recognized as a separate form of gold deposit in the 1980s. The best example of an Arizona detachment gold deposit is Copperstone, which, like Mockingbird is in the highly extended Western Arizona terrain near the Colorado River. Copperstone was the biggest gold discovery in Arizona in at least 50 years and during the 1980s over 500,000 oz. were profitably open pit mined. Another major mineral company is presently conducting drilling in the vicinity.

http://findarticles.com/p/articles/mi_pwwi/is_200407/ai_n8555242/

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