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Yamana Gold Inc.
Summary
| Project: | Chapada | |
|---|---|---|
| Deposit: | Baru, Suruca | |
| Location: | Brazil | |
| Commodities: | Gold-Copper | |
| Date: | 9/25/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 25-9-2017: Yamana Gold Inc. announces an Exploration/Drilling Update report for its Baru, Suruca deposit at the Chapada project. Drilling results incl. 136.84m @ 0.14g/t Au, 0.18% Cu from 80m. TORONTO, ONTARIO, September 25, 2017 ─ YAMANA GOLD INC. (TSX:Y | |
| Resources: | (Not mentioned in this report) | |
| CP/QP: | [Overall Report]: William Wulftange (Internal) | |
| ABSTRACT: | TORONTO, ONTARIO, September 25, 2017 ─ YAMANA GOLD INC. (TSX:YRI; NYSE:AUY) (“Yamana” or “the Company”) herein provides an update on the exploration programs at its Chapada, Cerro Moro, Minera Florida, Jacobina, and Canadian Malartic properties. Exploration efforts at Chapada in 2017 have concentrated on increasing Mineral Resource and Mineral Reserves by testing near mine and district targets (Figure 1). The initial program focused on the Baru deposit and developing new targets near Chapada. The objective of the second quarter drill program was to explore for higher grade gold and copper deposits near surface and close to Chapada operations. These efforts have outlined an important higher grade mineralized core at Baru and have developed two copper gold soil anomalies into near mine, modest grade copper gold deposits. The Suruca Southwest deposit is located immediately southwest of the Suruca oxide project and the Buriti deposit is located northwest of the Hidrothermalito oxide gold deposit. The Company has identified a near surface higher grade core at the Baru deposit (Table 1) that lies above Sucupira which follows the northeast-to-southwest trend of the main Chapada pit wall. Multiple “Whittle Pit” reserve estimation runs have returned encouraging results contemplating a combination of Baru with the higher grade Sucupira deposit. These studies will undergo further review and refinement prior to embarking on a preliminary economic assessment. The discovery of a higher grade core at Baru brings to bear an opportunity to consider a larger open pit with added operating flexibility that considers both Baru and Sucupira separately. | |
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