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Yamana Gold Inc.
Summary
| Project: | Minera Florida | |
|---|---|---|
| Deposit: | Minera Florida | |
| Location: | Chile | |
| Commodities: | Gold-Silver-Zinc | |
| Date: | 11/25/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 25-11-2019: Yamana Gold Inc. announces an Exploration/Drilling Update report for its Minera Florida deposit at the Minera Florida project. Drilling results incl. 8.77m @ 15.09g/t Au, 43g/t Ag, 0.36% Zn from 217.75m. TORONTO, Nov. 25, 2019 -- YAMANA GOLD I | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Henry Marsden (Internal) | |
| ABSTRACT: | TORONTO, Nov. 25, 2019 -- YAMANA GOLD INC. (TSX:YRI; NYSE:AUY) (“Yamana” or “the Company”) today announced exploration results for the El Peñón and Minera Florida mines. El Peñón is a long life operation with decades of production. Historically, mine life has extended beyond mineral reserves at any given point in time. Year-over-year replacement of mined and depleted mineral resources has established a much longer mine life than suggested by mineral reserves alone. This is expected to continue. The new discoveries continue to demonstrate that the exploration potential at El Peñón remains significant and mine life will exceed currently estimated mineral reserves. “The El Peñón mine entered production in 1999 with an estimated life of five years,” said Henry Marsden, Senior Vice President of Exploration at Yamana. “That was 20 years ago, and the operation’s mineral reserves are nearly the same today as they were then. Year after year, El Peñón recoups its mineral depletion and, based on the positive results that we are seeing, we believe this will continue for many years to come.” | |
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