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Golden Star Resources Ltd.
Summary
| Project: | Wassa Mine | |
|---|---|---|
| Deposit: | Wassa Underground | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 12/5/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 5-12-2016: Golden Star Resources Ltd. announces an Exploration/Drilling Update report for its Wassa Underground deposit at the Wassa Mine project. Drilling results incl. 31.7m @ 23.8g/t Au from 296.8m. TORONTO, Dec. 5, 2016 /CNW/ - Golden Star Resources L | |
| Resources: | (Reserve, Total): 1.9Moz Au and (Resource, M+I): 6.6Moz Au | |
| CP/QP: | [Overall Report]: S. Mitchel Wasel (Internal) | |
| ABSTRACT: | TORONTO, Dec. 5, 2016 /CNW/ - Golden Star Resources Ltd. (NYSE MKT: GSS; TSX: GSC; GSE: GSR) ("Golden Star" or the "Company") is pleased to report significant results from the drilling program at its Wassa Underground Gold Mine ("Wassa Underground") in Ghana. The in-fill drilling program targeted the high grade B Shoot zone of Wassa Underground, focusing on the areas that are expected to be mined with transverse stoping (the "2016 B Shoot transverse stope drilling program"). "These drilling results continue to confirm the wide zones of high grade gold mineralization in the B Shoot zone. 89% of Wassa Underground's Mineral Reserves are planned to be mined via transverse stoping and we expect to access the first transverse stope in the third quarter of 2017. Importantly, the deposit remains open down plunge so we believe there is also significant exploration upside potential. I look forward to announcing further drilling results during the remainder of 2016 and providing an update on our exploration strategy during the first quarter of 2017." During the second half of 2016 Golden Star commenced a 6,800 metre in-fill drilling program to further delineate the first planned transverse stoping areas of the B Shoot zone. The results of the first nine DD holes of this program (2,980 metres) have been received and they confirm the wide zones of high grade gold mineralization in this area. The full set of results is listed in Appendix A and includes several compelling intercepts, as set out below. | |
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