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Teranga Gold Corp.
Summary
| Project: | Wahgnion | |
|---|---|---|
| Deposit: | Wahgnion | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 8/1/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 1-8-2019: Teranga Gold Corp. announces a Resource Estimation report for its Wahgnion deposit at the Wahgnion project. Amended technical report on property. The purpose of this report is to support the disclosure of updated Mineral Resource and Mineral Res | |
| Resources: | (Reserve, P+P): 31.1Mt @ 1.61g/t Au for 1.61Moz Au contained | |
| CP/QP: | [Resources]: Patti Nakai-Lajoie (Internal) | |
| ABSTRACT: | The purpose of this report is to support the disclosure of updated Mineral Resource and Mineral Reserve estimates for the Wahgnion Gold Operations (the Operations, the Property, or WGO) located in southwestern Burkina Faso, and to document revisions to the 2017 Feasibility Study (2017 FS) completed for the Property. This Technical Report conforms to National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). This report has been prepared and filed as an update to the previously filed report on the Property dated October 31, 2018 to include a discounted cash flow model, since the previously filed report disclosed an undiscounted economic analysis, the updated economic analysis includes discounted cash flows at a 5.0% and 7.5% discount rate, as well as an IRR on both a pre-tax and after tax basis. An infill drilling program of 73,000 m in 1,664 diamond drill and reverse circulation (RC) holes was undertaken from May 2017 to December 2017 on the five main gold deposits located on the Wahgnion mining licence (ML): Nogbele North and Nangolo, Nogbele South, Fourkoura, Samavogo, and Stinger. The objective was to increase drill hole density and upgrade the existing Inferred Mineral Resources located adjacent to the reserve pits. Infill drilling identified additional mineralized zones, extensions of existing mineralization along strike, and the link between individual mineralized zones | |
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