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Golden Star Resources Ltd.
Summary
| Project: | Wassa Mine | |
|---|---|---|
| Deposit: | Wassa Mine | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 4/12/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-4-2018: Golden Star Resources Ltd. announces a Resource Estimation report for its Wassa Mine deposit at the Wassa Mine project. Inferred resources at Wassa doubled + drill results incl. 69.3m @ 4.8g/t Au from 1007m. Toronto, ON – April 12, 2018 – Golde | |
| Resources: | (Resource): 43.906Mt @ 2.35g/t Au (Ind.) + 44.9Mt @ 3.57g/t Au (Inf.) at Wassa | |
| CP/QP: | [Resources]: S. Mitchel Wasel, Not stated (Internal; SRK Consulting) | |
| ABSTRACT: | Toronto, ON – April 12, 2018 – Golden Star Resources Ltd. (NYSE American: GSS; TSX: GSC; GSE: GSR) (“Golden Star” or the “Company”) announces that it has more than doubled its Inferred Mineral Resources estimate for its Wassa Underground Gold Mine (“Wassa Underground”) in Ghana. Sam Coetzer, President and Chief Executive Officer of Golden Star, commented: “By more than doubling the Inferred Mineral Resources at Wassa Underground, we have begun to demonstrate the compelling potential of this asset in the longer term. We had believed for some time that Wassa was a larger deposit than previous estimates suggested and as the deposit remains open to the south, we believe that further upside exists still. Wassa Underground has ramped up well and this operational success forms a solid foundation for the next stage of the mine’s growth. We have under-utilized capacity within Wassa’s processing plant and the southern portion of the deposit represents the potential to ‘fill the mill’ and increase production. I am looking forward to commencing the PEA and to exploring further the viability of this strategy.” Wassa Underground’s Inferred Mineral Resources have increased by 147% to 5.2 million ounces, in the B Shoot South and F Shoot South areas. The grade of the Inferred Mineral Resources has increased by 9% to 3.6 g/t Au. Today’s updated Inferred Mineral Resource estimate includes 9 holes that have been released previously1 , one deepened historical hole and two new mother holes, the results of which are reported today. Golden Star is drilling the Wassa South extensions currently and the Company expects that Wassa Underground’s Inferred Mineral Resources will continue to grow with further step out drilling. | |
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