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.