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Yamana Gold Inc.

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Summary

Project:

El Penon

Deposit:El Penon
Location:Chile
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 El Penon deposit at the El Penon project. Drilling results incl. 3.65m @ 19.4g/t Au from 582.0m at Providencia. TORONTO, ONTARIO, October 27, 2016 ─ YAMANA GOLD INC. (TSX
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 2016 exploration program’s main goal is to find another principle structure similar to Quebrada Orito, Quebrada Colorada or Bonanza. Primary targets in the northern and southern blocks of the property continue to return mixed results, with several narrow yet high grade intercepts indicating the continuation of the mineral system at both extents of the property. One area of promising success is the identification of existing high-grade moderate-width intercepts beneath the Quebrada Colorada and Providencia structures that are open to depth and along strike (Figures 3 and 4). The Company is currently testing for extensions of these and other targets with 15 drill rigs on site and the construction of a 2.0 kilometre access tunnel has been approved to provide proper drill stations for an underground infill program to begin in 2017.

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