Yaoure resource rises 63%, PFS set for March completion
JOHANNESBURG (miningweekly.com) – West Africa-focused gold mining company Amara Mining has reported a 63% hike in the indicated mineral resource of the Yaoure gold project, in Côte d'Ivoire.
The updated National Instrument 43-101-compliant mineral resource estimate was the first step to completing, by March, the prefeasibility study (PFS) that was expected to confirm the “compelling economics” outlined in the preliminary economic assessment.
The 2014 drilling campaign, which was undertaken between April and October last year and saw a total of 85 574 m drilled, showed the proposed mine boasting 6.8-million ounces of mineral resources – 4.4-million ounces in the indicated category and 2.4-million ounces in the inferred category.
“Today's mineral resource estimate represents an increase of 485 000 oz compared with the estimate released in September 2014, with 65% within the higher confidence indicated category. It is from these mineral resources that mineral reserves can be defined,” Amara chairperson and CEO John McGloin said.
“The 2014 infill drilling programme has improved our understanding of the controls on the mineralisation and highlighted the potential for further parallel structures to the west of the current pits,” he added.
A comprehensive metallurgical testwork programme was now under way with a focus on confirming recovery rate, reagent consumption and comminution requirements.
“The PFS will be based on the results of this mineral resource update and the metallurgical testwork, and will take into account the excellent existing infrastructure at Yaoure, which has a positive impact on upfront capital costs and operating costs,” McGloin said.
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