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Yamana Gold Inc.
Summary
| Project: | Jacobina | |
|---|---|---|
| Deposit: | Jacobina | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 9/6/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 6-9-2016: Yamana Gold Inc. announces an Exploration/Drilling Update report for its Jacobina deposit at the Jacobina project. Drilling results incl. 1.00m @ 172.00g/t Au from 24.25m at Canavieiras Norte. TORONTO, ONTARIO, September 6, 2016 ─ YAMANA GOLD IN | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: William Wulftange (Internal) | |
| ABSTRACT: | TORONTO, ONTARIO, September 6, 2016 ─ YAMANA GOLD INC. (TSX:YRI; NYSE:AUY) (“Yamana” or “the Company”) herein provides an update on several of the exploration programs at its Chapada, Jacobina, Gualcamayo, Minera Florida and Monument Bay properties. The primary goals of the Company’s exploration programs are to discover and develop new Mineral Resources, and to upgrade Mineral Resources to Mineral Reserves at the Company’s operations. New discoveries at existing mines are the optimal way to create sustainability, growth and long term value. Results to-date from the 2016 exploration programs are encouraging at all levels including target generation, exploration drill testing, and Mineral Resource infill and ore delineation programs. The Jacobina gold deposit is located in the east central section of Bahia State of Northern Brazil. Gold mineralization in the “Serra do Jacobina” mountains was first discovered in the 17th century and mining in the region has occurred since that time. Modern mining techniques and extraction of the gold deposits began in the 1970’s and the Company continued and expanded these efforts following acquisition of the mine in July of 2006. At Jacobina, the ore delineation and exploration programs have provided important detailed mineral reserve data to aid in mine planning and sequencing of the known ore deposits and have also encountered additional new potential Mineral Resource bodies. The Company has budgeted $4.5 million to complete the exploration program during 2016 which includes 36,000 metres of mine delineation and infill and exploration drilling. Approximately 22,200 metres of drilling is complete to date with many of the holes returning multiple zones of above average grade gold intercepts over Page | 8 potentially mineable widths (Figure 5, 6 and Table 4). Exceptional results are found within all targets tested and within the upper and lower reef sequences. | |
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