Yaoure mineral resource updated to 1.7 Moz
JOHANNESBURG (miningweekly.com) – Dual-listed gold miner Amara Mining on Monday announced an updated mineral resource estimate of 1.7-million ounces for its 90%-owned Yaoure gold project, in Côte d'Ivoire.
A recent drilling campaign upgraded the indicated mineral resource to 300 000 oz, which was contained in 40% of the total mineralised volume to date.
“It is particularly exciting that the volume of the resource is only 40% of the total volume drilled, and excludes much of the anticipated higher grade area, suggesting substantial upside potential,” commented Amara CEO Peter Spivey.
Meanwhile, initial metallurgical testwork confirmed the nonrefractory nature of the gold mineralisation with 94% recovery in a conventional carbon-in-leach (CIL) circuit.
The London- and Toronto-listed company believed that Yaoure's location presented a number of advantages that would enhance the prospects for the development of a CIL plant at site.
These included existing infrastructure, including its proximity to the Kossou dam, which offered the potential for lower operating and capital costs through the use of hydroelectric power.
In addition, Yaoure benefited from an existing mining licence and environmental permits, which was expected to reduce the timeline from exploration to development.
The resource grade was due to be updated following an infill drilling programme this year, with a preliminary economic assessment expected to be completed in the fourth quarter.
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