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SEMAFO Inc.

opaxe

Summary

Project:

Bantou

Deposit:Bantou Nord
Location:Burkina Faso
Commodities:Gold
Date:6/3/2019
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:3-6-2019: SEMAFO Inc. announces an Exploration/Drilling Update report for its Bantou Nord deposit at the Bantou project. Drilling results incl. 135.8m @ 2.45g/t Au from 105m. Montreal, Quebec, June 3, 2019 – SEMAFO (TSX: SMF) today announced results of it
Resources:(Resource, Inf): 2.10Mt @ 5.35g/t Au for 361Koz Au contained at Bantou Zone
CP/QP:[Overall Report]: Richard Roy (Internal)
ABSTRACT:Montreal, Quebec, June 3, 2019 – SEMAFO (TSX: SMF) today announced results of its ongoing exploration program at Bantou, including 43 holes (7,782 meters) on a new significant gold discovery called Bantou Nord. Figure 1 shows that the Bantou Nord Zone is located 1.5 kilometers northeast of the Bantou Zone, which hosts an inferred resource estimate of 361,000 oz at 5.24 g/t Au. The Bantou Nord Zone is characterized by wide, consistent disseminated gold mineralization over a general surface area of 300 meters by 250 meters. Although the detailed geometry remains unclear, the zone remains open to the east and at depth. Figure 2 shows a cross section from A’ to A (see Figure 1 for location). Of particular interest is the pervasiveness and consistency in the individual sample grades. The cross section in Figure 2 shows that individual sample grades of greater than 0.50 g/t Au are predominant, while individual sample grades of more than 10 g/t Au are rare.

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