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SEMAFO Inc.
Summary
| Project: | Bantou | |
|---|---|---|
| Deposit: | Bantou | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 2/11/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-2-2019: SEMAFO Inc. announces a Resource Estimation report for its Bantou deposit at the Bantou project. Initial mineral resource estimate for Bantou zone. Montreal, Quebec, February 11, 2019 – SEMAFO (TSX: SMF) today announced a maiden inferred minera | |
| Resources: | (Resource, Inf): 2.10Mt @ 5.35g/t Au for 361Koz Au contained at Bantou Zone | |
| CP/QP: | [Resources]: Francois Thibert (Internal) | |
| ABSTRACT: | Montreal, Quebec, February 11, 2019 – SEMAFO (TSX: SMF) today announced a maiden inferred mineral resource for the Bantou Zone of 2,100,000 tonnes at 5.35 g/t Au for 361,000 ounces of gold. The Bantou Zone is located approximately 170 kilometers south of the Mana Mine in Burkina Faso. Bantou is one of several targets the Corporation explored in 2018 on the Dynikongolo permit. The 2018 program included a core drill program to test the down plunge extension of the Bantou Area and an RC program to explore proximal targets and the Tankoro Zone. Benoit Desormeaux, President & CEO, stated: “Congratulations to the exploration team for delivering the first of many important new discoveries and resource updates. Bantou is located within the prospective Houndé Greenstone Belt that hosts Mana and multiple other gold mines, and is an area we know well. We look forward to what the 2019 exploration program will bring in terms of resource growth.” - 2 - Overview Bantou is located on the Dynikongolo permit, approximately 170 kilometers south of Mana, along the prolific Houndé Greenstone Belt that hosts Mana and multiple other producing gold mines. See Figure 1 for the location map. The permit is rectangular and measures approximately 10 kilometers along the southern and northern boundaries and 25 kilometers along the eastern and western boundaries. The permit is contiguous to Savary’s Karankasso Project. Based on limited drilling to date, there are two known mineralized zones: Bantou and Tankoro. | |
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