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SEMAFO Inc.
Summary
| Project: | Natougou | |
|---|---|---|
| Deposit: | West Flank Zone | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 12/5/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-12-2016: SEMAFO Inc. announces an Exploration/Drilling Update report for its West Flank Zone deposit at the Natougou project. Drilling results incl. 6m @ 6.94g/t Au from 137m. Montreal, Quebec, December 5, 2016– SEMAFO (TSX: SMF) today announced results | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michel Crevier (Internal) | |
| ABSTRACT: | Montreal, Quebec, December 5, 2016– SEMAFO (TSX: SMF) today announced results from an ongoing proximal drilling program at Natougou designed to explore the lateral extensions of the flat-lying Boungou Shear Zone (BSZ) proximal to the current in-pit reserves. Since July 1, 2016, a total of 6,716 (39 holes) meters of drilling have been completed along the West Flank Zone located immediately to the southwest of the current in-pit reserves of the Natougou deposit (Figure 1). The program was designed to provide 80-meter by 80-meter hole spacing, reaching inferred category, within the known area of mineralization. All drill holes intersected the BSZ at depths ranging from 30 to 180 meters vertically. The BSZ is a gently folded, northwest-plunging shear zone (Figures 2 and 3). As shown in Figure 1, the mineralization within the West Flank Zone remains open along the plunge towards the northwest where hole TPA0811 returned values of 5.31 g/t Au over 4 meters. In addition, an area of gold mineralization located on the East Flank will be further explored. Finally, the down plunge of the main mineralized trends north of the in-pit reserves remains open and underexplored. Drilling along the East Flank is currently in progress while the proximal first phase of exploration drilling to the north of the in-pit reserves and within the West Flank North Extension Target will be completed before the end of 2016. | |
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