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SEMAFO Inc.

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Summary

Project:

Natougou

Deposit:Boungou
Location:Burkina Faso
Commodities:Gold
Date:1/21/2019
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Active Mining & Production
Report details:21-1-2019: SEMAFO Inc. announces an Exploration/Drilling Update report for its Boungou deposit at the Natougou project. Drilling results incl. 19.00m @ 4.17g/t Au from 42.0m. Montreal, Quebec, January 21, 2019 – SEMAFO (TSX: SMF) today announced follow-up
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Richard Roy (Internal)
ABSTRACT:Montreal, Quebec, January 21, 2019 – SEMAFO (TSX: SMF) today announced follow-up drill results from the Dangou area located northeast of the Boungou Mine. A fourth-quarter drill program returned promising results from three sectors, including 19 meters at 4.17 g/t Au from 42 meters. A total of 43 RC holes (5,210 meters) were completed in the fourth quarter at Dangou (Figure 1). The program was designed to focus on the best intersections obtained in the second quarter and to establish the geometry of the mineralization. Based on the current drilling, the mineralized zones appear to strike north-south and dip steeply to the east. This is consistent with small abandoned artisanal mining pit data obtained further north. The gold mineralization is associated with altered (biotite-silica) and locally sheared intervals of the intrusive rocks.

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