https://www.miningweekly.com

Yaoure PFS expected to confirm robust project economics

5th November 2014

By: Leandi Kolver

Creamer Media Deputy Editor

  

Font size: - +

JOHANNESBURG (miningweekly.com) – West Africa-focused gold mining company Amara Mining’s Yaoure gold project, in Côte d'Ivoire, is one of the few West African projects that will still be able to generate robust returns at a gold price of $1 000/oz.

This was according to Amara chairperson and CEO John McGloin, who pointed out that the project’s prefeasibility study (PFS), scheduled to be delivered during the first quarter of next year, was expected to confirm its economics.

The company on Wednesday released the final results of its 2014 drilling programme, with the data to be used to deliver a second resource update for the project in December.

“The final drilling results from the 2014 Yaoure drilling programme further demonstrate the strong continuity within the high-grade CMA zone, with exceptional intercepts including 17 m at 7.3 g/t and 15 m at 6.6 g/t. They have also confirmed the presence of very high-grade areas within the larger Yaoure central zone, with compelling intercepts including 9 m at 13.1 g/t and 5 m at 15.3 g/t.

“These results highlight the potential to convert further ounces to the higher-confidence indicated category, which will form the basis of our mineral reserves calculation,” McGloin noted.

Edited by Tracy Hancock
Creamer Media Contributing Editor

Comments

Latest News

Amplats CEO Craig Miller
Amplats posts lower first-quarter output
23rd April 2024 By: Marleny Arnoldi

Showroom

SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points

VISIT SHOWROOM 
Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 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:0.121 0.158s - 106pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: