Drill results drive optimism at Amara’s Yaoure gold project
JOHANNESBURG (miningweekly.com) – West Africa-focused Amara Mining has released “encouraging” results from a drilling programme at its Yaoure gold project, in Côte d'Ivoire, stating on Wednesday that the campaign continued to confirm high-grade mineralisation throughout the deposit.
The most recent diamond drill results showed intercepts that included 12 m at 3.78 g/t gold, 5 m at 9.06 g/t gold and 4 m at 7.84 g/t gold, while reverse circulation results from the Yaoure central zone showed further continuity of the high-grade mineralisation.
Significant intercepts here included 22 m at 3.99 g/t gold from 141 m and 4 m at 7.05 g/t gold from 144 m.
The 2014 drilling campaign was due to be completed later this month, with 79 740 m drilled by October 7 out of a planned 85 000 m.
The company would release the second mineral resource update in December, which would incorporate the recent drilling results and was expected to upgrade the majority of the inferred resources within the $950/oz pit design to the indicated category.
Amara chairperson and CEO John McGloin said in a statement that the results continued to enhance the group’s belief in the project, demonstrating continuity and the presence of near-surface high-grade zones.
“The strengthening grade seen in the ongoing drilling results and recent resource update, allied with the availability of low-cost hydroelectric power, drive the robust economics demonstrated in the preliminary economic assessment.
“With the 2014 Yaoure drilling programme almost complete, our geological knowledge of the deposit has improved significantly and we remain on track to complete the second mineral resource update in December.
“The Yaoure project is outperforming my expectations and I fully expect the prefeasibility study in the first quarter of next year to demonstrate that it is one of the strongest economic, undeveloped gold deposits in West Africa,” he asserted.
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