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SEMAFO Inc.

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Summary

Project:

Bantou

Deposit:Bantou
Location:Burkina Faso
Commodities:Gold
Date:4/3/2020
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:3-4-2020: SEMAFO Inc. announces a Resource Estimation report for its Bantou deposit at the Bantou project. Updated Mineral Resource Estimate for Project. The following Technical Report (herein after “the Report”) is a review and compilation of the explor
Resources:(Resources, Inf.): 51.11Mt @ 1.37g/t Au
CP/QP:[Resources]: Claude Bisaillon, Francois Thibert (DRA Americas Inc.;Internal)
ABSTRACT:The following Technical Report (herein after “the Report”) is a review and compilation of the exploration and metallurgical work performed by SEMAFO on the Bantou Property (“Property”). At the request of SEMAFO, DRA/Met-Chem has been mandated to prepare a NI 43 101 Report for the Project with the participation of specialized consultants. Met-Chem, a division of DRA Americas Inc. (“DRA/Met-Chem”) has provided engineering and integration services for all aspects of the NI 43- 101 Technical Report Mineral Resource Estimate (“MRE”) on the Bantou Project. The Bantou Project is located in Burkina Faso, West Africa, approximately 260 km south-west of Ouagadougou, the capital of Burkina Faso in Figure 1.1. It is centred on UTM coordinates 406,900 mE and 1,171,300 mN (WGS84, zone 31N). Access to Bantou camp is by means of Route Nationale RN01, an all-weather bitumen road from Ouagadougou, the capital of Burkina Faso, through Boromo to the Pâ junction. From there, travel is via RN12 followed by RN20, also all-weather bitumen road through the town of Diebougou, to the Bondigui junction. From Bondigui, travel is made via successions of laterite roads to the property, located some 62 km to the southwest.

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