Amara to hike Yaoure mineral resource
JOHANNESBURG (miningweekly.com) – London-listed Amara Mining on Wednesday reported “exceptional” diamond drill (DD) and reverse circulation (RC) results from the 2014 drilling programme at its Yaoure gold project, in Côte d'Ivoire, with expectations that it would hike the mine’s mineral resource.
“The latest drilling results demonstrate the presence of significant high-grade areas within the Yaoure deposit, with exceptional intercepts such as 17 m at 7.35 g/t. They also underline the potential to increase the grade through infill drilling, as well as to expand the resource base,” said Amara CEO and chairperson John McGloin.
The outcomes of the programme would be used to calculate two mineral resource updates.
The first update, due in September, was expected to expand the current 6.3-million-ounce resource base, while the second, expected during the fourth quarter of this year, would likely shift the majority of the inferred resources within the $950/oz pit design into the indicated category.
The West Africa-focused gold mining company said in a statement that the drilling programme would continue at the gold mine until early October to provide further data for the second mineral resource update.
Nearly 105 DD holes had been completed since May, with nine currently under way. By August 8, the company had completed 27 950 m out of 57 000 m planned for the DD programme.
The first phase of RC drilling, which comprised 26 RC holes at 5 763 m, was completed in May and the second phase had kicked off in June, with focus maintained on the CMA zone. A total of 10 543 m out of the targeted 23 000 m had been advanced.
“The results continue to confirm the continuity and high-grade nature of the CMA zone, with good correlation between the latest RC holes and previous DD holes within 50 m,” said McGloin.
He added that the CMA zone could have the potential to be mined selectively at the start of Yaoure's mine life.
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