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SEMAFO Inc.
Summary
| Project: | Mana | |
|---|---|---|
| Deposit: | Mana | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 2/15/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Active Mining & Production | |
| Report details: | 15-2-2018: SEMAFO Inc. announces a Pre-Feasibility Study report for its Mana deposit at the Mana project. Updated mineral resources and reserves and pre-feasibility study results at Mana. Micon International Limited (Micon) has been retained by SEMAFO Bur | |
| Resources: | (Reserve, P+P): 18.231Mt @ 2.92g/t Au for 1.71Moz Au contained at project | |
| CP/QP: | [Resources]: Not stated (Micon International Ltd.) | |
| ABSTRACT: | Micon International Limited (Micon) has been retained by SEMAFO Burkina Faso S.A. (SEMAFO BF), a wholly-owned subsidiary of SEMAFO Inc. (SEMAFO), to prepare a Technical Report under Canadian National Instrument 43-101 (NI 43-101) which discloses the results of the prefeasibility study (PFS) for the development of underground mineral reserves at the Mana gold project located in southwestern Burkina Faso, West Africa, and to disclose updated mineral resource and mineral reserve estimates. The Mana mine was opened in March, 2008. Ore is mined using open pit methods from a number of deposits, Wona-Kona, Nyafé, Fofina and Siou. Exploration has identified the potential for underground mining at Siou. The government of Burkina Faso has the right to hold a 10% free carried interest via a 10% equity interest in the local holding company. The local holding company is SEMAFO Burkina Faso SA which is 90% owned by SEMAFO. The mining licence for operations at Mana is held by SEMAFO Burkina Faso SA. Exploration permits are held by Mana Mineral SARL or Ressources Tangayen SARL. | |
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