https://www.miningweekly.com

Amara to hike Yaoure mineral resource

Amara to hike Yaoure mineral resource

Photo by Reuters

13th August 2014

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

Font size: - +

JOHANNESBURG (miningweekly.com) – London-listed Amara Mining on Wednesday reported “exceptional” diamond drill (DD) and reverse circulation (RC) results from the 2014 drilling programme at its Yaoure gold project, in Côte d'Ivoire, with expectations that it would hike the mine’s mineral resource.

“The latest drilling results demonstrate the presence of significant high-grade areas within the Yaoure deposit, with exceptional intercepts such as 17 m at 7.35 g/t. They also underline the potential to increase the grade through infill drilling, as well as to expand the resource base,” said Amara CEO and chairperson John McGloin.

The outcomes of the programme would be used to calculate two mineral resource updates.

The first update, due in September, was expected to expand the current 6.3-million-ounce resource base, while the second, expected during the fourth quarter of this year, would likely shift the majority of the inferred resources within the $950/oz pit design into the indicated category.

The West Africa-focused gold mining company said in a statement that the drilling programme would continue at the gold mine until early October to provide further data for the second mineral resource update.

Nearly 105 DD holes had been completed since May, with nine currently under way. By August 8, the company had completed 27 950 m out of 57 000 m planned for the DD programme.

The first phase of RC drilling, which comprised 26 RC holes at 5 763 m, was completed in May and the second phase had kicked off in June, with focus maintained on the CMA zone. A total of 10 543 m out of the targeted 23 000 m had been advanced.

“The results continue to confirm the continuity and high-grade nature of the CMA zone, with good correlation between the latest RC holes and previous DD holes within 50 m,” said McGloin.

He added that the CMA zone could have the potential to be mined selectively at the start of Yaoure's mine life.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Sika South Africa
Sika South Africa

Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.

VISIT SHOWROOM 
ECG Engineering
ECG Engineering

ECG provides specialised electrical engineering services to the Mining, Utilities, Materials Handling and Industrial industries, with extensive and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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:0.043 0.846s - 111pq - 2rq
Subscribe Now