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Yamana Gold Inc.
Summary
| Project: | Monument Bay | |
|---|---|---|
| Deposit: | Monument Bay | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/6/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-9-2016: Yamana Gold Inc. announces an Exploration/Drilling Update report for its Monument Bay deposit at the Monument Bay project. Drilling results incl. 2.80m @ 163.90g/t Au from 171.25m (uncut). TORONTO, ONTARIO, September 6, 2016 ─ YAMANA GOLD INC. ( | |
| Resources: | (Resource): 36.58Mt @ 1.52g/t Au (Ind.) and 41.97Mt @ 1.32g/t Au (Inf.) | |
| CP/QP: | [Overall Report]: Mark Hawksworth (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 2016, $6.0 million exploration program has focused on improving the drill density within the high grade mineralized shoots on the eastern portion of the Twin Lakes deposit. A total of 27 holes totaling 7,850 meters were completed during the winter campaign. Assay results received to-date are consistent with expected gold grades, based on the current geologic model. The majority of the Q1 high-grade drill intercepts are located within the eastern portion of the Twin Lakes deposit, within multiple sub-parallel lenses occurring along a strike length of 425 meters (506100E – 506525E), vertical range of 350 meters and are locally open to depth (Figures 13 and 14). | |
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