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Yamana Gold Inc.
Summary
| Project: | El Penon | |
|---|---|---|
| Deposit: | El Penon | |
| Location: | Chile | |
| Commodities: | Gold | |
| 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 El Penon deposit at the El Penon project. Drilling results incl. 1.96m @ 24.4g/t Au, 438.0g/t Ag from 87.33m. YAMANA GOLD INC. (TSX:YRI; NYSE:AUY) (“Yamana” or “the Compan | |
| Resources: | (not mentioned in this report) | |
| 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. One of the primary goals of the 2016 exploration program at El Peñón was to find another principle structure similar to Quebrada Orito, Quebrada Colorada or Bonanza. The main targets in the northern and southern blocks of the property returned some encouraging results, with several narrow yet high grade intercepts indicating the continuation of the mineral system at both extents of the property. One area with promising success identified high-grade moderate-width intercepts beneath the Quebrada Colorada and Providencia structures that are open to depth and along strike. During the late third and into the fourth quarter of 2016, similar high grade extensions on the northern extents of the Bonanza system were also identified. While the Company continued its efforts to discover a new principle vein system in the North Block at El Peñón during 2016 (Figure 1), numerous smaller and narrower high grade zones at depth and near the surface expressions of Quebrada Colorada (Figure 2), Bonanza, Quebrada Orito and elsewhere were discovered and became the focus of the exploration program during the third and fourth quarters of 2016. Narrow mining techniques which were tested and confirmed on “test case” narrow veins have shown economic extraction is possible from these vein systems, although at reduced production levels. Exploration during the first half of 2017 will concentrate on exploring for additional vein extensions surrounding the established and highly productive principle vein systems. This near mine program will be augmented with a local exploration effort in the second half of the year to explore for deep extensions to the south of the Aleste, Providencia and Dorada vein systems. | |
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