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Golden Star Resources Ltd.
Summary
| Project: | Wassa Mine | |
|---|---|---|
| Deposit: | Wassa Mine | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 10/22/2014 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Active Mining & Production | |
| Report details: | 22-10-2014: Golden Star Resources Ltd. announces a PEA report for its Wassa Mine deposit at the Wassa Mine project. PEA results incl. npv (5%) OF us$350m, IRR of 128.5% (Underground project). This Technical Report is a Preliminary Economic Assessment (“PE | |
| Resources: | (Resource): 35.698Mt @ 2.22g/t Au (Ind.) and 9.078Mt @ 3.89g/t Au (Inf.) at Wassa total | |
| CP/QP: | [Resources]: Michael J. Beare (SRK Consulting (UK) Ltd.) | |
| ABSTRACT: | This Technical Report is a Preliminary Economic Assessment (“PEA”) of the combined Wassa open pit and underground gold project (the “Wassa Project”) which has been prepared by SRK Consulting (UK) Limited (“SRK”) for and on behalf of Golden Star Resources Limited (“GSR”). This report also incorporates an update of the Wassa Mineral Resources as at 31 July 2014. GSR currently holds a 90% interest in the subsidiary company, Golden Star (Wassa) Ltd. (“GSWL”) who operate the Wassa open pit gold mine located in the western region of Ghana, to the northeast of Tarkwa. GSR is a gold exploration and producing company with operational mining interests in Ghana, West Africa and exploration interests throughout West Africa and in South America. This report deals exclusively with the mining operations at GSWL. The Ghanaian Government has a 10% ownership of GSWL and currently receives a 5% royalty on the gross revenue on all GSWL gold production. | |
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