For thousands of other reports visit RSC's Mineral Intellingence Map
SEMAFO Inc.
Summary
| Project: | Natougou | |
|---|---|---|
| Deposit: | Natougou | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 2/27/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-2-2017: SEMAFO Inc. announces a Resource Estimation report for its Natougou deposit at the Natougou project. Updated mineral reserves and resources at Natougou. SEMAFO Inc. (TSX, OMX: SMF) today announced its updated mineral reserves and resources as o | |
| Resources: | (Reserve, P+P): 18.642Mt @ 2.88g/t Au for 1.727Moz Au contained at project | |
| CP/QP: | [Resources]: Michel Crevier (Internal) | |
| ABSTRACT: | SEMAFO Inc. (TSX, OMX: SMF) today announced its updated mineral reserves and resources as of December 31, 2016. At the end of 2016, total proven and probable reserves stood at 28.2 million tonnes averaging 3.31 g/t Au for 3.0 million ounces as compared to 30.5 million tonnes at 3.32 g/t Au for 3.3 million ounces at the end of 2015. The slight decrease in reserves is due to depletion as SEMAFO produced 240,200 ounces of gold in 2016. Inferred resources at Natougou amounted to 6.3 million tonnes averaging 3.72 g/t Au for 754,000 ounces of gold, an increase of 119% compared to year-end 2015. The increase in inferred resources is mainly attributable to the expansion of the West Flank Sector adjacent to the open-pit deposit. The total exploration budget for 2017, which has initially been set at $23 million, will focus on reserves replacement and mine life extensions, and represents an increase over 2016. All mineral resources reported are exclusive of mineral reserves. Gold price assumptions for reserves and resources are unchanged from 2015 at US$1,100 and US$1,400 per ounce, respectively. See the attached table for more details. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report