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SEMAFO Inc.
Summary
| Project: | Natougou | |
|---|---|---|
| Deposit: | Boungou | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 7/17/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 17-7-2017: SEMAFO Inc. announces an Exploration/Drilling Update report for its Boungou deposit at the Natougou project. Drilling results incl. 11m @ 6.40g/t Au from 140m. Montreal, Quebec, July 17, 2017 – SEMAFO Inc. (TSX, OMX: SMF) today announced that c | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michel Crevier (Internal) | |
| ABSTRACT: | Montreal, Quebec, July 17, 2017 – SEMAFO Inc. (TSX, OMX: SMF) today announced that construction of the Boungou Mine in Burkina Faso was progressing well and is on-budget for commissioning of the open-pit mine in the second half of 2018. During the second quarter of 2017, a total of 23,700 meters was drilled in 156 holes, completing the infill programs (40-meter by 40-meter hole spacing) on the West and East Flank Sectors, with 49,400 meters in 326 holes, of the Boungou reserves pit. Results continue to be in line with the 80-meter x 80-meter model. The East Flank, although much smaller, has a similar structure to that of the West Flank. The geotechnical drilling program on the East and West Flanks has also been completed. Samples have been sent to Rocklab in South Africa to establish engineering parameters. SEMAFO is a Canadian-based mining company with gold production and exploration activities in West Africa. The Corporation operates the Mana Mine in Burkina Faso, which includes the high-grade satellite deposit of Siou, and is targeting production start-up of the Boungou Mine in the second half of 2018. SEMAFO’s strategic focus is to maximize shareholder value by effectively managing its existing assets as well as pursuing organic and strategic growth opportunities. | |
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