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Golden Star Resources Ltd.

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Summary

Project:

Prestea Mine

Deposit:Prestea Mine
Location:Ghana
Commodities:Gold
Date:3/28/2019
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Active Mining & Production
Report details:28-3-2019: Golden Star Resources Ltd. announces a Resource Estimation report for its Prestea Mine deposit at the Prestea Mine project. Annual statement of mineral resources and ore reserves. Toronto, ON – March 28, 2019 - Golden Star Resources Ltd. (NYSE
Resources:(Reserve, P+P): 0.853Mt @ 11.57g/t Au at Prestea
CP/QP:[Resources]: S. Mitchel Wasel (Internal)
ABSTRACT:Toronto, ON – March 28, 2019 - Golden Star Resources Ltd. (NYSE American: GSS; TSX: GSC; GSE: GSR) (“Golden Star” or the “Company”) announces its Mineral Reserves and Mineral Resources estimate as of December 31, 2018 with a 6% increase in total Mineral Reserves after depletion, including a 47% increase in Wassa Underground Gold Mine (“Wassa Underground”) Mineral Reserves. Sam Coetzer, President and Chief Executive Officer of Golden Star, commented: “The updated Mineral Reserve at Wassa Underground shows a significant increase, specifically in the upper levels of the mine, and strongly suggests that there is excellent potential to increase our production rate in the near term. In addition, the increase of over 1 million ounces of gold in Inferred Mineral Resources at the Wassa complex to over 6.4 million ounces of gold further demonstrates the potential for the mine. The Company continues to improve its view of the orebody and I am very excited by how Wassa Underground is turning into a world class mine. “At Prestea, the mine is endowed with good infrastructure and the focus remains on improving operations. The Company continues to address the ramp up challenges with the Alimak shrinkage mining method, and expects steady productivity improvements this year from the mine.”

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