https://www.miningweekly.com

Drill programme lifts Amara’s Yaoure gold deposit

Drill programme lifts Amara’s Yaoure gold deposit

Photo by Bloomberg

29th September 2014

By: Natalie Greve

Creamer Media Contributing Editor Online

  

Font size: - +

JOHANNESBURG (miningweekly.com) – A recent drill campaign at West Africa-focused gold miner Amara Mining’s Yaoure project, in Côte d'Ivoire, has lifted the project’s indicated resource by 248% to 2.7-million ounces and increased headgrade by 14% to 1.36 g/t.

The mineral resource estimate was reported above a 0.5 g/t cutoff and constrained within an openpit shell using a long-term gold price of $1 500/oz.

Importantly, the resource was “robust” at lower gold prices, with 71% of the contained gold within the $1 500/oz pit shell included within the $950/oz pit shell.

An infill drilling programme had also confirmed the continuity of high-grade mineralised zones in both the CMA and Yaoure Central zones, reflected in the improving grade of the overall deposit.

Chairperson and CEO John McGloin said the Yaoure deposit continued to outperform the company’s expectations, with the mineral resource update showing strong improvements in the most economic part of the deposit, where the infill drilling programme had been focused. 

“The indicated category now accounts for over 50% of the 3.5-million ounces contained in the $800/oz pit shell and 4.5-million ounces contained in the $950/oz pit shell. 

“I am confident that the full resource update, due in December, will deliver a strong platform for the prefeasibility study (PFS), which is expected to be delivered in the first quarter of 2015,” he said in a statement on Monday.

The 83 000 m drilling programme was now over 75% complete and on track to conclude in mid-October.

Work was, meanwhile, under way on all elements of the PFS, including an extensive metallurgical testwork programme focused on confirming Yaoure's recovery rate, reagent consumption and comminution requirements.

A second, more comprehensive mineral resource update was expected in December, which was expected to upgrade further ounces from the inferred to the indicated category.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.135 0.169s - 90pq - 2rq
Subscribe Now