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Yamana Gold Inc.
Summary
| Project: | Chapada | |
|---|---|---|
| Deposit: | Chapada, Sucupira, Formiga, Baru | |
| Location: | Brazil | |
| Commodities: | Gold-Copper | |
| Date: | 2/14/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 14-2-2017: Yamana Gold Inc. announces an Exploration/Drilling Update report for its Chapada, Sucupira, Formiga, Baru deposit at the Chapada project. Drilling results incl. 119.20m @ 0.29g/t Au, 0.38% Cu from 201m. YAMANA GOLD INC. (TSX:YRI; NYSE:AUY) (“Ya | |
| Resources: | (Resource, Inf.): 34.99Mt @ 0.7565 CuEq for 490000oz Au, 426Mlb Cu contained at Sucupira | |
| CP/QP: | [Overall Report]: William Wulftange (Internal) | |
| ABSTRACT: | YAMANA GOLD INC. (TSX:YRI; NYSE:AUY) (“Yamana” or “the Company”) herein provides an update on the exploration programs at its El Peñón, Minera Florida, Gualcamayo and Chapada properties. The Company completed 23,610 metres of drilling in 390 holes in the near mine exploration and core mine infill programs during the fourth quarter of 2016, and a total of 61,972 metres of drilling in 753 holes over the course of the year. The near mine program focused on defining and expanding the Sucupira Mineral Resource immediately adjacent to the main Chapada pit, testing and developing an IP anomaly immediately beneath the pit and testing for extensions of the oxide mineral envelopes at Suruca and Hidrothermalito. At Sucupira, 110 drill holes have been completed and have defined a mineralized body 1.85 kilometres in strike length, 80 to 180 metres in thickness and 200 to 400 metres in width. The deposit remains open to the southwest. The mineral body has an Inferred Mineral Resource of 490,000 ounces of gold and 426 million pounds of copper contained in 34.99 million tonnes at an average grade of 0.756% Copper Equivalent (“CuEq”), at a 0.507% CuEq underground cutoff grade (CuEq is equal to g/t gold grade multiplied by 0.504 plus percent copper). This mineralization lies within 100 to 200 metres of surface and 100 metres lateral and below the currently designed final Chapada pit (Table 9). | |
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