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Yamana Gold Inc.
Summary
| Project: | Gualcamayo | |
|---|---|---|
| Deposit: | Cerro Condor, Potenciales | |
| Location: | Argentina | |
| Commodities: | Gold | |
| Date: | 10/27/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-10-2016: Yamana Gold Inc. announces an Exploration/Drilling Update report for its Cerro Condor, Potenciales deposit at the Gualcamayo project. Drilling results incl. 104.0m @ 1.41g/t Au from 4.00m at Potenciales. TORONTO, ONTARIO, October 27, 2016 ─ YA | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: William Wulftange (Internal) | |
| ABSTRACT: | TORONTO, ONTARIO, October 27, 2016 ─ YAMANA GOLD INC. (TSX:YRI; NYSE:AUY) (“Yamana” or “the Company”) herein provides a brief update on the exploration programs at its Gualcamayo, El Peñón, Canadian Malartic and Kirkland Lake properties, and the details of the consolidation of concessions in relation to its Minera Florida property. The Company is also providing a management update as part of its ongoing efforts to streamline its management structure and advance cost reduction initiatives. This exploration update follows on a more comprehensive update provided on September 6, 2016. While the Company's exploration effort is ongoing, this update provides the most current significant information on the status of the effort to date at all operations. The following table of exploration targets by property provides an overview of the significance of the detailed information that is presented in this press release. The highlights at Gualcamayo include the following: The Company has completed a total of 2,457 metres distributed in 12 holes testing the Potenciales and Las Vacas near surface oxide deposits since the last update; Several holes, including 16QD-975, drilled at Potenciales, have discovered important mineral intercepts that begin near the surface and continue to depth; Results (Table 1) continue to suggest the potential for the expansion of the Mineral Resource base immediately adjacent to the southwest and northeast of the QDD open pit (Figure 1); Drilling of the Cerro Condor, Potenciales and other near pit targets will continue through the fourth quarter of 2016; and Construction of road access to further test and expand these oxide deposits surrounding the QDD main pit is in the planning stage and will begin late in the fourth quarter of 2016 or early in the first quarter of 2017. | |
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