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Yamana Gold Inc.
Summary
| Project: | Gualcamayo | |
|---|---|---|
| Deposit: | Gualcamayo | |
| Location: | Argentina | |
| 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 Gualcamayo deposit at the Gualcamayo project. Drilling results incl. 28m @ 3.75g/t Au from 30m. YAMANA GOLD INC. (TSX:YRI; NYSE:AUY) (“Yamana” or “the Company”) herein pro | |
| 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. At Gualcamayo, exploration drilling that commenced in late 2015 to discover and develop new oxide ounces amenable to current heap leach processing facilities continued into 2016. The drilling focused on near mine targets, including Cerro Condor, Potenciales and Las Vacas(Figure 6), and included the collection of 10-metre channel samples for geochemical analysis. Drilling during the course of 2016 included 5,795 metres distributed in 28 holes testing the Potenciales target, 4,359 metres distributed in 19 holes testing the Las Vacas target, 3,198 metres distributed in 20 holes testing the Cerro Condor target and 4,946 metres distributed in 19 holes that tested the Target 9 and AIM targets. As reported in the Company’s October 27, 2016 press release, positive results were returned from two areas immediately adjacent to the current open pit. Follow-up drill results for Cerro Condor, Potenciales and a third near surface oxide target, Las Vacas from drilling conducted in the fourth quarter, continue to support Mineral Resource growth from these near mine target areas. Exploration and infill programs for 2017 will continue work on these targets to support Mineral Resource growth, and will also begin to develop the near mine targets such as the “truck shop” target, Page | 11 the SalidaAlaya, Quebrada Aspera and other targets supported by gold anomalies found in calcareous hydrothermal breccia. | |
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