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Yamana Gold Inc.
Summary
| Project: | Minera Florida | |
|---|---|---|
| Deposit: | Lissette, Lorena, Tribuna | |
| Location: | Chile | |
| Commodities: | Gold-Silver-Zinc | |
| 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 Lissette, Lorena, Tribuna deposit at the Minera Florida project. Drilling results incl. 9.96m @ 7.60g/t Au, 6.0g/t Ag, 3.50% Zn from 42.11m at Lissette. TORONTO, ONTARIO, S | |
| 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. Exploration activities in 2016, changed from a focus of infill and reserve replacement in 2015 to a focus of Mineral Resource discovery and growth. A combined $9.0 million operational and capital expenditures budget, including a $1.8 million increase related to drilling at Tribuna Este, was approved to extend known deposits in the core mine areas along strike and to depth, and to venture into new areas outside of the core mine area to develop mineral anomalies identified in prior exploration programs. In addition, surface exploration mapping and sampling accelerated in 2015 and continued into 2016 due to early success of identifying numerous quartz vein trends and gold anomalies that are proposed to be linked to producing vein structures at depth. | |
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