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Golden Star Resources Ltd.
Summary
| Project: | Wassa Mine | |
|---|---|---|
| Deposit: | Father Brown, Adoikrom | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 2/19/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 19-2-2019: Golden Star Resources Ltd. announces a Resource Estimation report for its Father Brown, Adoikrom deposit at the Wassa Mine project. Updated resource estimate plus new drill results incl. 7.0m @ 7.4g/t Au from 360.5m. Toronto, ON - February 19, | |
| Resources: | (Resource): 2.313Mt @ 6.72g/t Au (Ind.) and 0.981Mt @ 6.72g/t Au (Inf.) | |
| CP/QP: | [Resources]: S. Mitchel Wasel (Internal) | |
| ABSTRACT: | Toronto, ON - February 19, 2019 - Golden Star Resources Ltd. (NYSE American: GSS; TSX: GSC; GSE: GSR) ("Golden Star" or the "Company”) announces an updated Mineral Resource estimate at Father Brown consisting of the Father Brown Zone and Adoikrom Zone. Inferred Mineral Resources have increased from 246,000 ounces at year end 2017, to 474,743 ounces, representing a 93% increase. Sam Coetzer, President and Chief Executive Officer of Golden Star, commented: “I am encouraged by the results we are seeing at Father Brown, and given the proximity of the deposit to the existing Wassa plant and infrastructure, Father Brown has the potential to demonstrate significant organic growth for Golden Star. With this latest information, we will be looking at the economic viability of the two mineralized structures whilst we continue to test the inferred potential at depth and will undertake a conceptual mine planning exercise which will guide our next phase of drilling expected to convert material into the Indicated Mineral Resource category. We expect to make a decision on accelerating the drilling in Q2 2019, and will notify the market accordingly.” In 2019, a drilling budget of $1.5 million will be allocated to inferred expansion drilling of 9,000 metres. Further drilling will be assessed to expand the Inferred Mineral Resources and drill off the Inferred Mineral Resources to seek to upgrade them to the Indicated Mineral Resource category. | |
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