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Final drilling results from Yaoure Gold Project

5 Nov 2014 07:00

RNS Number : 1602W
Amara Mining PLC
05 November 2014
 



05 November 2014 AIM: AMA

 

 

 

 

 

 

 

 

Amara Mining plc("Amara" or "the Company")

 

FINAL RESULTS FROM 2014 DRILLING PROGRAMME AT YAOURE GOLD PROJECT,

INCLUDING 17M AT 7.3G/T

 

Amara Mining plc, the AIM-listed West African-focused gold mining company,is pleased to announce the final results from its 2014 drilling programme at its Yaoure Gold Project ("Yaoure") in Côte d'Ivoire. The 85,574 metre programme, which included 2,957 metres of geotechnical drilling, concluded on 20 October 2014, as previously announced.

 

HIGHLIGHTS:

 

· Final 43 diamond drill ("DD") and 25 reverse circulation ("RC") results from the CMA zone show further continuity of the high grade mineralisation, with significant intercepts including:

o 29m at 4.68g/t from 219m in hole YRC0738

o 17m at 7.27g/t from 79m in hole YDD0366

o 35m at 3.20g/t from 127m in hole YRC0733

o 15m at 6.61g/t from 193m in hole YDD0345

o 15m at 5.51g/t from 87m and 6m at 8.59g/t from 111m in hole YRC0744

o 8m at 9.56g/t from 98m in hole YRC0742

o 8m at 6.48 from 75m and 5m at 10.38g/t from 106m in hole YDD0358

· Final 32 DD results from the Yaoure Central zone continue to demonstrate high grade areas, with significant intercepts including:

o 10m at 4.97g/t from surface and 9m at 13.10g/t from 78m in hole YDD0374

o 5m at 15.32g/t from 234m in hole YDD0378

· First Mineral Resource update delivered in September 2014 reporting a 248% increase in Indicated resources and more ounces at a higher grade in the economic pit shells to be used for mine design

· Second Mineral Resource update is expected in December 2014 - all data from the 2014 drilling programme has been sent to Mario Rossi of GeoSystems International, Inc., who is responsible for compiling the Mineral Resource estimate

· Fully-funded to deliver a Pre-Feasibility Study ("PFS") in Q1 2015

 

John McGloin, Chairman and Chief Executive Officer of Amara, commented:

 

"Yaoure is one of the few West African projects that still generate robust returns at a gold price of US$1,000 per ounce and the PFS is anticipated to confirm Yaoure's compelling economics, underlining its potential to be one of the bottom five lowest cost and top 10 largest producers in Africa."

 

"The final drilling results from the 2014 Yaoure drilling programme further demonstrate the strong continuity within the high grade CMA zone, with exceptional intercepts including 17 metres at 7.3g/t and 15 metres at 6.6g/t. They have also confirmed the presence of very high grade areas within the larger Yaoure Central zone, with compelling intercepts including 9 metres at 13.1g/t and 5 metres at 15.3g/t. These results highlight the potential to convert further ounces to the higher confidence Indicated category, which will form the basis of our Mineral Reserves calculation. All of the data from the drilling programme has now been sent to our consultant and we are on track to deliver the second Mineral Resource update of the year for Yaoure in December 2014."

 

Strong continuity of high grade CMA zone

 

The DD and RC results from the high grade CMA zone have demonstrated strong continuity and it is clear that mineralisation is consistent between holes drilled in the 2012/2013 drilling campaign and holes drilled in the 2014 campaign. The CMA zone has potential for selective mining at the start of Yaoure's mine life.

 

Significant intercepts from the CMA zone:

 

Borehole ID

Section mN

From (m)

To (m)

Interval (m)1

Au g/t

YDD0341

7300

170

182

12

5.57

YDD0341

7300

195

202

7

6.55

YDD0342

7350

238

246

8

4.60

YDD0345

7250

193

208

15

6.61

YDD0348

7150

120

139

19

3.20

YDD0353

7150

100

113

13

4.02

YDD0358

7050

75

83

8

6.48

YDD0358

7050

106

111

5

10.38

YDD0360G

6750

272

278

6

3.56

YDD0366

7250

79

96

17

7.27

YDD0370

7250

75

82

7

5.99

YDD0386

7450

253

261

8

5.15

YDD0403

7500

253

263

10

5.33

YDD0403

7500

327

346

19

5.46

YDD0408

7500

227

235

8

6.97

YRC0728

7300

161

171

10

4.34

YRC0731

7450

96

106

10

6.74

YRC0731

7450

200

206

6

8.99

YRC0733

7200

127

162

35

3.20

YRC0734

7350

168

174

6

5.02

YRC0738

7300

219

239

29

4.68

YRC0742

6850

98

106

8

9.56

YRC0744

6650

87

102

15

5.51

YRC0744

6650

111

117

6

8.59

 

High grade areas within Yaoure Central Zone

 

The DD results from the Yaoure Central zone have confirmed the presence of significant very high grade areas, with the latest intercepts including 9 metres at 13.10g/t and 5 metres at 15.32g/t.

 

Significant intercepts from the Yaoure Central zone:

 

Borehole ID

Section mN

From (m)

To (m)

Interval (m)1

Au (g/t)

YDD0336

6800

177

180

3

6.34

YDD0343

7500

317

325

8

3.28

YDD0352

7350

317

324

7

2.45

YDD0355

7150

245

255

10

1.97

YDD0374

7350

0

10

10

4.97

YDD0374

7350

78

87

9

13.10

YDD0377

7150

193

204

11

2.11

YDD0378

6500

234

239

5

15.32

 

Notes to tables

1. Interval lengths are not true widths. Composite intersections are based on a minimum width of 2m and a cut-off of 0.40 g/t Au. Internal dilution of up to 2.00m at less than 0.40 g/t has been allowed for continuity

 

Background on 2014 Yaoure drilling programme

 

The 85,574 metre drilling programme was completed on time and within the expected budget. It has significantly de-risked the deposit and increased the Company's confidence in the project. Amara's geological knowledge of Yaoure has grown significantly as a result of the drilling programme and it is this understanding of the structural controls on mineralisation that will inform the second Mineral Resource update, which is anticipated in December 2014.

 

The first Mineral Resource update of the year, which was delivered in September 2014, delivered a 248% increase in Indicated resources and more ounces at a higher grade in the economic pit shells to be used for mine design. The second Mineral Resource update is expected to upgrade further ounces within the US$950 per ounce pit design to the Indicated category, from which ore reserves can be determined. This Mineral Resource estimate will be used as the basis for the PFS, which is expected to be delivered in Q1 2015.

 

Background on Yaoure Gold Project

 

Amara delivered a Preliminary Economic Assessment for Yaoure in Q1 2014. It demonstrated that the project has the potential to be one of the top 10 gold mines in Africa by production and top 50 in the world. With average production of 325,000 ounces per annum over a 12 year mine life and all-in sustaining costs of US$691 per ounce, the headline 8Mtpa scenario delivers an IRR of 32% at a gold price of US$1,250 per ounce and an NPV of US$688 million. Yaoure is one of the few development projects in West Africa that remains resilient at low gold prices, with an IRR of 23% at US$1,100 per ounce. The project is flexible and delivers similarly strong returns over a range of alternative throughput scenarios. The compelling economics are driven by the excellent existing infrastructure in Côte d'Ivoire, with low cost hydro-electric power from the Kossou dam (5km from site) and a dual carriageway to within 40km of site. With 85,574 metres of drilling completed in 2014, there is expected to be strong exploration upside potential on the current NI 43-101 compliant 6.3 million ounce resource basei.

 

For more information please contact:

Amara Mining plc

John McGloin, Chairman and Chief Executive Officer

Pete Gardner, Finance Director

Katharine Sutton, Head of Investor Relations

 

+44 (0)20 7398 1420

Peel Hunt LLP

(Nominated Adviser & Joint Broker)

Matthew Armitt

Ross Allister

 

+44 (0)20 7418 8900

GMP Securities Europe LLP

(Joint Broker)

Richard Greenfield

Alex Carse

 

+44 (0)20 7647 2800

Farm Street Communications

(Media Relations)

Simon Robinson

+44 (0)7593 340 107

 

 

About Amara Mining plc

Amara is a gold explorer/developer with assets in West Africa. The Company is focused on unlocking the value in its development projects. At Yaoure in Côte d'Ivoire, this will be done by increasing the confidence in the existing Mineral Resource and economics at the project as the Company progresses it through to Pre-Feasibility Study and Bankable Feasibility Study. At Baomahun, this will be achieved by gaining an improved understanding of the exploration upside potential and underground opportunity. With its experience of bringing new mines into production, Amara aims to further increase its production profile with highly prospective opportunities across both assets.

 

Peter Brown is a "Qualified Person" within the definition of National Instrument 43-101 and has reviewed and approved the information contained within this announcement. Dr Brown (MIMMM) is the Group Exploration Manager.

 

The RC and DD drilling programmes at Yaoure were undertaken by an independent drilling contractor. Typically samples for assaying were taken at one metre intervals. Sample preparation was carried out at the Company's facility at Yaoure, prior to fire assay at Actlabs in Ouagadougou, Burkina Faso. The samples were crushed down to minus 2mm and then pulverised down to 90% passing 75 microns, prior to analysis for gold by 50g fire assay. As part of the Company's QA/QC procedures, internationally recognised standards, duplicates and blanks were inserted. Check assays are being carried out at ALS Geochemistry in Vancouver, Canada. The laboratories used are independent of the Company.

 

APPENDIX

 

Results of final 75 DD holes

 

Borehole ID

Section mN

From (m)

To (m)

Interval (m)1

Au (g/t)

Lode

YDD0306

6500

5.00

7.00

2

6.44

Waste dump

YDD0306

42.00

46.00

4

1.34

CMA

YDD0306

60.00

62.00

2

1.13

CMA

YDD0306

130.00

133.00

3

0.91

CMA FW

YDD0306

252.00

257.00

5

0.71

YC

YDD0336

6800

170.00

173.00

3

0.90

YC

YDD0336

177.00

180.00

3

6.34

YC

YDD0336

278.00

280.00

2

2.27

YC

YDD0336

321.00

325.00

4

0.51

YC

YDD0337

6950

41.00

44.00

3

0.92

Waste dump

YDD0337

70.00

73.00

3

1.11

CMA

YDD0337

146.00

150.00

4

0.48

CMA FW

YDD0339

7150

8.00

11.00

3

0.68

Waste dump

YDD0339

147.00

152.00

5

6.33

CMA

YDD0339

161.00

175.00

14

2.32

CMA

YDD0339

178.00

180.00

2

1.25

CMA

YDD0340

6900

63.00

67.00

4

2.61

YC

YDD0341

7300

136.00

138.00

2

0.59

CMA HW

YDD0341

170.00

182.00

12

5.57

CMA

YDD0341

195.00

202.00

7

6.55

CMA

YDD0342

7350

0.00

2.00

2

0.70

CMA HW

YDD0342

5.00

7.00

2

0.82

CMA HW

YDD0342

97.00

99.00

2

0.85

CMA HW

YDD0342

226.00

229.00

3

0.53

CMA

YDD0342

238.00

246.00

8

4.60

CMA

YDD0342

251.00

253.00

2

2.02

CMA

YDD0342

281.00

289.00

8

0.91

CMA FW

YDD0342

306.00

310.00

4

1.43

CMA FW

YDD0343

7500

1.00

6.00

5

0.64

Waste dump

YDD0343

233.00

237.00

4

2.38

CMA

YDD0343

286.00

289.00

3

0.41

CMA FW

YDD0343

293.00

295.00

2

0.48

CMA FW

YDD0343

307.00

310.00

3

1.57

CMA FW

YDD0343

317.00

325.00

8

3.28

YC

YDD0344

7200

28.00

30.00

2

0.78

YC

YDD0344

42.00

44.00

2

2.29

YC

YDD0344

66.00

69.00

3

3.43

YC

YDD0344

116.00

119.00

3

0.46

YC

YDD0344

137.00

139.00

2

0.56

YC

YDD0344

143.00

147.00

4

2.01

YC

YDD0344

182.00

184.00

2

0.58

YC

YDD0344

190.00

196.00

6

1.44

YC

YDD0344

246.00

258.00

12

0.42

YC

YDD0344

273.00

279.00

6

1.75

YC

YDD0344

296.00

301.00

5

1.04

YC

YDD0344

320.00

330.00

10

1.11

YC

YDD0345

7250

182.00

190.00

8

3.00

CMA

YDD0345

193.00

208.00

15

6.61

CMA

YDD0345

211.00

215.00

4

0.68

CMA

YDD0345

224.00

227.00

3

0.98

CMA FW

YDD0346

7150

9.00

13.00

4

0.50

Waste dump

YDD0346

118.00

127.00

9

0.65

CMA FW

YDD0346

137.00

139.00

2

2.43

CMA FW

YDD0347

7050

44.00

46.00

2

3.47

YC

YDD0347

49.00

59.00

10

1.99

YC

YDD0347

70.00

91.00

21

1.19

YC

YDD0347

98.00

101.00

3

1.99

YC

YDD0347

104.00

112.00

8

1.71

YC

YDD0347

129.00

133.00

4

0.44

YC

YDD0347

151.00

154.00

3

1.89

YC

YDD0347

157.00

159.00

2

4.25

YC

YDD0347

272.00

274.00

2

2.14

YC

YDD0348

7150

7.00

9.00

2

0.45

Waste dump

YDD0348

18.00

26.00

8

0.43

Waste dump

YDD0348

97.00

100.00

3

1.16

CMA

YDD0348

105.00

110.00

5

1.03

CMA

YDD0348

120.00

139.00

19

3.20

CMA

YDD0349G

7600

1.00

3.00

2

0.47

Laterite

YDD0349G

108.00

112.00

4

0.56

CMA HW

YDD0349G

156.00

160.00

4

0.47

CMA HW

YDD0349G

208.00

210.00

2

0.63

CMA HW

YDD0349G

228.00

230.00

2

0.49

CMA HW

YDD0349G

276.00

278.00

2

0.82

CMA HW

YDD0349G

341.00

346.00

5

0.95

CMA HW

YDD0349G

371.00

384.00

13

2.18

CMA

YDD0349G

387.00

389.00

2

4.63

CMA

YDD0349G

392.00

395.00

3

1.38

CMA

YDD0350

7400

49.00

53.00

4

1.35

CMA HW

YDD0350

83.00

85.00

2

2.57

CMA HW

YDD0350

113.00

116.00

3

0.59

CMA HW

YDD0350

225.00

228.00

3

1.90

CMA

YDD0350

232.00

234.00

2

1.10

CMA

YDD0351

7450

100.00

106.00

6

3.63

CMA

YDD0351

198.00

201.00

3

0.73

CMA FW

YDD0351

211.00

215.00

4

2.63

CMA FW

YDD0351

227.00

235.00

8

1.26

YC

YDD0351

247.00

251.00

4

0.42

YC

YDD0351

270.00

273.00

3

1.00

YC

YDD0351

281.00

286.00

5

2.84

YC

YDD0351

337.00

340.10

3.1

0.72

YC

YDD0352

7350

5.00

7.00

2

0.53

CMA HW

YDD0352

11.00

15.00

4

0.42

CMA HW

YDD0352

21.00

23.00

2

0.89

CMA HW

YDD0352

169.00

174.00

5

2.64

YC

YDD0352

189.00

194.00

5

0.51

YC

YDD0352

203.00

206.00

3

0.58

YC

YDD0352

214.00

217.00

3

0.91

YC

YDD0352

244.00

248.00

4

0.44

YC

YDD0352

317.00

324.00

7

2.45

YC

YDD0352

333.00

335.00

2

1.49

YC

YDD0353

7150

2.00

5.00

3

1.26

Waste dump

YDD0353

13.00

15.00

2

3.50

Waste dump

YDD0353

28.00

32.00

4

0.97

Waste dump

YDD0353

59.00

62.00

3

0.66

Waste dump

YDD0353

83.00

85.00

2

5.81

CMA

YDD0353

88.00

92.00

4

2.95

CMA

YDD0353

100.00

113.00

13

4.02

CMA

YDD0354

6950

266.00

268.00

2

3.04

CMA

YDD0355

7150

210.00

219.00

9

1.09

YC

YDD0355

229.00

241.00

12

0.58

YC

YDD0355

245.00

255.00

10

1.97

YC

YDD0355

277.00

282.00

5

0.81

YC

YDD0355

290.00

293.00

3

0.93

YC

YDD0356

6950

38.00

41.00

3

3.25

YC

YDD0356

92.00

94.00

2

2.00

YC

YDD0357

7450

123.00

125.00

2

3.76

CMA

YDD0357

131.00

134.00

3

9.39

CMA

YDD0357

137.00

140.00

3

1.86

CMA

YDD0357

156.00

159.00

3

0.45

CMA

YDD0357

200.00

207.00

7

0.49

CMA FW

YDD0357

262.00

264.00

2

0.48

CMA FW

YDD0357

272.00

281.00

9

0.62

CMA FW

YDD0357

301.00

307.00

6

2.91

YC

YDD0358

7050

44.00

47.00

3

6.79

CMA HW

YDD0358

57.00

60.00

3

6.56

CMA HW

YDD0358

75.00

83.00

8

6.48

CMA

YDD0358

106.00

111.00

5

10.38

CMA

YDD0360G

6750

254.00

259.00

5

2.19

CMA HW

YDD0360G

265.00

269.00

4

1.41

CMA HW

YDD0360G

272.00

278.00

6

3.56

CMA HW

YDD0360G

305.00

309.00

4

1.18

CMA

YDD0360G

326.00

330.00

4

0.82

CMA FW

YDD0361G

6300

112.00

116.00

4

2.09

CMA South

YDD0362

6300

7.00

9.00

2

0.43

CMA HW

YDD0362

168.00

172.00

4

0.75

CMA HW

YDD0362

247.00

249.00

2

1.66

CMA HW

YDD0362

253.00

257.00

4

11.15

CMA

YDD0362

335.00

339.00

4

1.39

CMA FW

YDD0363

7200

1.00

5.00

4

0.87

YC

YDD0363

10.00

13.00

3

0.89

YC

YDD0363

31.00

34.00

3

2.83

YC

YDD0363

38.00

40.00

2

5.05

YC

YDD0363

94.00

96.00

2

0.74

YC

YDD0363

100.00

102.00

2

1.38

YC

YDD0363

146.00

148.00

2

0.73

YC

YDD0363

220.00

222.00

2

1.13

YC

YDD0364

7600

31.00

33.00

2

0.43

CMA HW

YDD0364

80.00

84.00

4

0.77

CMA HW

YDD0364

337.00

340.00

3

1.36

CMA

YDD0365

7350

52.00

60.00

8

0.42

CMA

YDD0365

69.00

71.00

2

0.59

CMA

YDD0365

248.00

253.00

5

0.75

YC

YDD0366

7250

21.00

23.00

2

0.47

Waste dump

YDD0366

39.00

41.00

2

1.02

Waste dump

YDD0366

79.00

96.00

17

7.27

CMA

YDD0366

138.00

141.00

3

0.73

CMA FW

YDD0366

148.00

158.00

10

3.88

CMA FW

YDD0367

7200

13.00

16.00

3

1.15

YC

YDD0367

30.00

32.00

2

0.59

YC

YDD0367

187.00

192.00

5

2.36

YC

YDD0368

6350

22.00

24.00

2

0.60

CMA HW

YDD0368

28.00

30.00

2

0.75

CMA HW

YDD0368

75.00

82.00

7

1.64

CMA

YDD0368

85.00

102.00

17

0.50

CMA

YDD0368

108.00

112.00

4

0.69

CMA

YDD0369

6750

79.00

85.00

6

0.44

CMA FW

YDD0369

113.00

128.00

15

1.27

YC

YDD0369

132.00

136.00

4

3.53

YC

YDD0369

162.00

166.00

4

0.95

YC

YDD0369

183.00

186.00

3

2.53

YC

YDD0369

233.00

238.00

5

1.49

YC

YDD0370

7250

6.00

10.00

4

1.25

Waste dump

YDD0370

17.00

21.00

4

1.20

Waste dump

YDD0370

28.00

34.00

6

2.29

CMA

YDD0370

41.00

47.00

6

0.90

CMA

YDD0370

75.00

82.00

7

5.99

CMA

YDD0370

122.00

125.00

3

1.79

CMA FW

YDD0370

151.00

157.00

6

1.01

CMA FW

YDD0370

227.00

233.00

6

1.77

CMA FW

YDD0371B

6650

30.00

32.00

2

2.69

YC

YDD0371A

78.00

81.00

3

4.46

YC

YDD0371A

124.00

126.00

2

6.16

YC

YDD0371A

149.00

153.00

4

0.45

YC

YDD0371A

174.00

189.00

15

0.95

YC

YDD0371A

202.00

209.00

7

0.87

YC

YDD0371A

212.00

220.00

8

1.95

YC

YDD0371A

223.00

225.00

2

1.36

YC

YDD0372

6650

89.00

91.00

2

0.52

YC

YDD0372

102.00

105.00

3

4.87

YC

YDD0372

177.00

181.00

4

2.53

YC

YDD0372

284.00

289.00

5

1.72

YC

YDD0373

6750

12.00

14.00

2

1.31

CMA

YDD0373

249.00

253.00

4

3.85

YC

YDD0374

7350

0.00

10.00

10

4.97

YC

YDD0374

31.00

33.00

2

0.59

YC

YDD0374

46.00

51.00

5

1.39

YC

YDD0374

78.00

87.00

9

13.10

YC

YDD0374

97.00

112.00

15

0.89

YC

YDD0374

130.00

132.00

2

1.05

YC

YDD0374

138.00

140.00

2

0.49

YC

YDD0374

158.00

165.00

7

1.84

YC

YDD0374

176.00

180.00

4

0.72

YC

YDD0374

185.00

189.00

4

0.59

YC

YDD0375

7450

83.00

85.00

2

2.08

YC

YDD0375

102.00

106.00

4

0.56

YC

YDD0375

161.00

164.00

3

0.76

YC

YDD0376

6800

73.00

76.00

3

0.53

YC

YDD0376

79.00

82.00

3

2.77

YC

YDD0376

142.00

145.00

3

1.83

YC

YDD0376

161.00

170.00

9

0.76

YC

YDD0376

181.00

189.00

8

0.58

YC

YDD0376

197.00

207.00

10

0.74

YC

YDD0376

210.00

224.00

14

1.04

YC

YDD0376

293.00

302.00

9

0.59

YC

YDD0377

7150

24.00

26.00

2

5.14

YC

YDD0377

30.00

32.00

2

0.79

YC

YDD0377

89.00

94.00

5

0.56

YC

YDD0377

175.00

177.00

2

0.68

YC

YDD0377

193.00

204.00

11

2.11

YC

YDD0377

219.00

221.10

2.1

0.66

YC

YDD0378

6500

36.00

44.00

8

0.59

YC

YDD0378

62.00

66.00

4

0.44

YC

YDD0378

234.00

239.00

5

15.32

YC

YDD0378

243.00

245.00

2

1.24

YC

YDD0379

7300

66.00

72.00

6

0.42

YC

YDD0379

104.00

108.00

4

1.12

YC

YDD0379

112.00

118.00

6

0.55

YC

YDD0379

121.00

126.00

5

0.70

YC

YDD0379

144.00

146.00

2

0.74

YC

YDD0379

153.00

158.00

5

2.21

YC

YDD0379

168.00

172.00

4

0.61

YC

YDD0379

181.00

183.00

2

1.62

YC

YDD0379

201.00

205.00

4

0.55

YC

YDD0380

6850

189.00

193.00

4

1.06

YC

YDD0381

7400

0.00

2.00

2

0.42

YC

YDD0381

11.00

18.00

7

0.49

YC

YDD0381

24.00

27.00

3

3.47

YC

YDD0381

123.00

128.00

5

0.77

YC

YDD0381

154.00

158.00

4

1.03

YC

YDD0382

6600

16.00

18.00

2

0.48

Waste dump

YDD0382

145.00

147.00

2

0.42

YC

YDD0382

224.00

226.00

2

1.63

YC

YDD0382

277.00

282.00

5

1.45

YC

YDD0382

310.00

317.00

7

2.07

YC

YDD0382

320.00

322.00

2

0.42

YC

YDD0382

339.00

341.00

2

0.40

YC

YDD0382

353.00

356.00

3

2.07

YC

YDD0383

6700

40.00

46.00

6

0.59

CMA

YDD0383

51.00

54.00

3

0.86

CMA

YDD0383

208.00

212.00

4

0.99

YC

YDD0383

222.00

226.00

4

0.50

YC

YDD0383

249.00

252.00

3

1.39

YC

YDD0383

259.00

261.00

2

0.80

YC

YDD0383

269.00

271.00

2

0.88

YC

YDD0384

7500

43.00

45.00

2

0.75

YC

YDD0384

103.00

109.00

6

1.23

YC

YDD0384

174.00

177.00

3

1.00

YC

YDD0385

7450

54.00

56.00

2

0.93

CMA HW

YDD0385

65.00

71.00

6

0.57

CMA HW

YDD0385

175.00

178.00

3

0.99

CMA HW

YDD0385

182.00

188.00

6

1.93

CMA HW

YDD0385

227.00

238.00

11

3.18

CMA

YDD0385

253.00

257.00

4

1.64

CMA FW

YDD0385

290.00

292.00

2

2.67

CMA FW

YDD0386

7450

75.00

79.00

4

1.14

CMA HW

YDD0386

212.00

214.00

2

1.05

CMA HW

YDD0386

220.00

222.00

2

0.89

CMA HW

YDD0386

253.00

261.00

8

5.15

CMA

YDD0386

301.00

304.00

3

1.18

CMA FW

YDD0387

7250

8.00

10.00

2

3.45

YC

YDD0387

68.00

74.00

6

1.66

YC

YDD0387

77.00

81.00

4

0.52

YC

YDD0387

102.00

105.00

3

0.58

YC

YDD0387

129.00

131.00

2

0.46

YC

YDD0387

161.00

166.00

5

0.54

YC

YDD0387

171.00

176.00

5

0.81

YC

YDD0387

184.00

186.00

2

1.09

YC

YDD0387

189.00

196.00

7

0.55

YC

YDD0388

6550

6.00

11.00

5

0.65

Waste dump

YDD0388

44.00

46.00

6

0.65

Waste dump

YDD0388

56.00

58.00

2

0.93

Waste dump

YDD0388

68.00

70.00

2

0.40

Waste dump

YDD0388

78.00

86.00

8

2.40

CMA

YDD0389

7050

11.00

13.00

2

2.42

CMA HW

YDD0389

194.00

199.00

5

4.71

CMA

YDD0389

202.00

205.00

3

4.44

CMA

YDD0390

6900

2.00

6.00

4

0.69

Waste dump

YDD0390

26.00

34.00

8

0.46

Waste dump

YDD0390

42.00

48.00

6

0.48

Waste dump

YDD0392

6800

10.00

15.00

5

6.40

Waste dump

YDD0392

38.00

40.00

2

0.40

Waste dump

YDD0393

7200

7.00

10.00

3

0.87

YC

YDD0394

6450

13.00

18.00

5

0.97

Waste dump

YDD0394

21.00

24.00

3

0.42

Waste dump

YDD0394

66.00

68.00

2

3.25

Waste dump

YDD0394

77.00

84.00

7

0.63

CMA

YDD0394

88.00

91.00

3

1.13

CMA

YDD0394

98.00

102.00

4

2.33

CMA

YDD0395

7100

148.00

150.00

2

0.82

YC

YDD0395

169.00

174.00

5

1.20

YC

YDD0396

7150

8.00

14.00

6

0.64

YC

YDD0396

149.00

158.00

9

1.04

YC

YDD0397

7450

25.00

28.00

3

3.01

CMA HW

YDD0397

75.00

78.00

3

0.94

CMA HW

YDD0397

220.00

223.00

3

2.18

CMA HW

YDD0397

255.00

280.00

25

1.89

CMA

YDD0397

283.00

288.00

5

0.79

CMA

YDD0397

311.00

317.00

6

1.03

CMA FW

YDD0398

6400

97.00

99.00

2

0.59

CMA South

YDD0398

129.00

132.00

3

0.40

CMA South

YDD0399

6450

0.00

2.00

2

7.36

Laterite

YDD0399

182.00

187.00

5

0.53

CMA

YDD0400

6450

16.00

18.00

2

1.57

Waste dump

YDD0400

31.00

33.00

2

5.62

Waste dump

YDD0401

7000

31.00

38.00

7

0.51

Waste dump

YDD0401

48.00

51.00

3

0.85

Waste dump

YDD0401

54.00

56.00

2

0.52

Waste dump

YDD0402

6400

30.00

33.00

3

0.66

Waste dump

YDD0402

49.00

51.00

2

0.40

Waste dump

YDD0402

69.00

71.00

2

0.76

Waste dump

YDD0402

128.00

133.00

5

0.62

CMA

YDD0402

191.00

193.00

2

0.59

CMA South

YDD0403

7500

0.00

7.00

7

1.70

CMA HW

YDD0403

124.00

128.00

4

2.49

CMA HW

YDD0403

187.00

194.00

7

0.57

CMA HW

YDD0403

231.00

233.00

2

2.32

CMA HW

YDD0403

253.00

263.00

10

5.33

CMA

YDD0403

275.00

278.00

3

0.50

CMA FW

YDD0403

291.00

300.00

9

0.54

CMA FW

YDD0403

315.00

322.00

7

1.56

CMA FW

YDD0403

327.00

346.00

19

5.46

CMA FW

YDD0404

6600

47.00

49.00

2

1.05

YC

YDD0404

61.00

65.00

4

2.98

YC

YDD0404

75.00

77.00

2

1.53

YC

YDD0404

199.00

201.00

2

0.87

YC

YDD0405

7000

9.00

11.00

2

1.13

YC

YDD0406

6350

125.00

128.00

3

0.74

CMA South

YDD0407

6300

11.00

15.00

4

0.57

Waste dump

YDD0407

35.00

39.00

4

1.24

CMA South

YDD0407

42.00

44.00

2

0.71

CMA South

YDD0408

7500

169.00

174.00

5

0.59

CMA HW

YDD0408

181.00

186.00

5

4.27

CMA HW

YDD0408

227.00

235.00

8

6.97

CMA

YDD0408

267.00

269.00

2

0.67

CMA FW

YDD0408

280.00

287.00

7

0.74

CMA FW

YDD0409

6350

49.00

54.00

5

0.52

CMA HW

YDD0409

152.00

158.00

6

0.54

CMA South

YDD0409

168.00

176.00

8

1.11

CMA South

 

Results of final 25 RC holes

 

Borehole ID

Section mN

From (m)

To (m)

Interval (m)

Au (g/t)

Lode

YRC0728

7300

114.00

117.00

3

3.93

CMA

YRC0728

130.00

137.00

7

2.52

CMA

YRC0728

140.00

142.00

2

3.51

CMA

YRC0728

161.00

171.00

10

4.34

CMA

YRC0728

188.00

191.00

3

0.68

CMA FW

YRC0728

225.00

229.00

4

0.71

CMA FW

YRC0729

7400

31.00

43.00

12

1.52

CMA HW

YRC0729

132.00

135.00

3

2.44

CMA HW

YRC0729

208.00

215.00

7

3.84

CMA

YRC0729

264.00

266.00

2

0.71

CMA FW

YRC0730

7350

1.00

3.00

2

0.91

Waste dump

YRC0730

85.00

87.00

2

2.33

CMA HW

YRC0730

105.00

110.00

5

2.98

CMA

YRC0730

149.00

154.00

5

0.58

CMA

YRC0730

158.00

172.00

14

1.69

CMA

YRC0730

190.00

192.00

2

1.01

CMA FW

YRC0730

204.00

209.00

5

2.80

CMA FW

YRC0731

7450

7.00

9.00

2

0.79

Waste dump

YRC0731

18.00

23.00

5

0.83

CMA HW

YRC0731

80.00

86.00

6

2.34

CMA HW

YRC0731

96.00

106.00

10

6.74

CMA HW

YRC0731

119.00

126.00

7

1.05

CMA HW

YRC0731

200.00

206.00

6

8.99

CMA

YRC0731

212.00

216.00

4

2.64

CMA

YRC0731

268.00

283.00

15

0.99

CMA FW

YRC0732

7250

18.00

24.00

6

0.88

Waste dump

YRC0732

43.00

45.00

2

0.70

Waste dump

YRC0732

84.00

86.00

2

3.11

CMA

YRC0732

176.00

182.00

6

2.50

CMA FW

YRC0733

7200

69.00

77.00

8

0.60

CMA HW

YRC0733

80.00

90.00

10

0.72

CMA HW

YRC0733

104.00

107.00

3

1.47

CMA HW

YRC0733

127.00

162.00

35

3.20

CMA

YRC0733

171.00

174.00

3

1.13

CMA FW

YRC0734

7350

168.00

174.00

6

5.02

CMA

YRC0734

206.00

218.00

12

2.48

CMA

YRC0734

247.00

249.00

2

2.89

CMA FW

YRC0735

7200

21.00

23.00

2

0.62

Waste dump

YRC0735

33.00

36.00

3

0.93

Waste dump

YRC0735

72.00

76.00

4

1.63

CMA FW

YRC0735

119.00

122.00

3

0.79

CMA FW

YRC0735

182.00

184.00

2

0.70

CMA FW

YRC0735

226.00

228.00

2

2.36

YC

YRC0736

7150

208.00

214.00

6

2.90

CMA

YRC0736

242.00

248.00

6

0.67

CMA

YRC0737

7200

22.00

33.00

11

1.02

CMA HW

YRC0737

76.00

80.00

4

2.56

CMA

YRC0737

102.00

112.00

10

3.37

CMA

YRC0737

135.00

138.00

3

0.71

CMA FW

YRC0738

7300

219.00

239.00

20

4.68

CMA

YRC0738

258.00

260.00

2

0.90

CMA FW

YRC0738

281.00

287.00

6

1.07

CMA FW

YRC0739

7100

143.00

145.00

2

0.41

CMA HW

YRC0739

232.00

240.00

8

3.38

CMA

YRC0739

256.00

258.00

2

0.77

CMA

YRC0740

7100

25.00

31.00

6

0.77

Waste dump

YRC0740

35.00

37.00

2

0.90

Waste dump

YRC0740

204.00

208.00

4

2.43

CMA FW

YRC0741

7250

124.00

141.00

17

2.55

CMA

YRC0741

150.00

161.00

11

2.64

CMA

YRC0741

222.00

225.00

3

1.12

CMA FW

YRC0741

228.00

230.00

2

1.19

CMA FW

YRC0742

6850

28.00

38.00

10

0.75

Waste dump

YRC0742

86.00

89.00

3

0.48

CMA FW

YRC0742

98.00

106.00

8

9.56

CMA FW

YRC0742

157.00

159.00

2

1.98

CMA FW

YRC0743

6750

57.00

59.00

2

0.91

CMA HW

YRC0743

71.00

73.00

2

1.04

CMA

YRC0743

95.00

97.00

2

2.19

CMA

YRC0743

130.00

135.00

5

2.99

CMA

YRC0744

6650

47.00

49.00

2

2.80

CMA

YRC0744

87.00

102.00

15

5.51

CMA

YRC0744

111.00

117.00

6

8.59

CMA

YRC0745

6700

46.00

48.00

2

0.54

CMA

YRC0745

91.00

94.00

3

3.37

CMA

YRC0745

129.00

132.00

3

2.29

CMA

YRC0745

163.00

168.00

5

1.69

CMA FW

YRC0745

174.00

183.00

9

0.66

CMA FW

YRC0746

7500

7.00

12.00

5

1.23

Waste dump

YRC0746

24.00

28.00

4

4.45

CMA HW

YRC0746

93.00

96.00

3

4.58

CMA HW

YRC0746

176.00

178.00

2

1.62

CMA

YRC0746

251.00

254.00

3

1.46

CMA FW

YRC0746

265.00

270.00

5

0.54

CMA FW

YRC0747

7100

129.00

166.00

37

1.48

CMA

YRC0747

194.00

196.00

2

1.74

CMA FW

YRC0748

7250

2.00

5.00

3

0.70

Waste dump

YRC0748

34.00

41.00

7

1.09

CMA FW

YRC0748

121.00

129.00

8

2.86

CMA FW

YRC0748

133.00

137.00

4

1.47

CMA FW

YRC0748

200.00

207.00

7

1.29

YC

YRC0748

213.00

215.00

2

1.93

YC

YRC0748

234.00

248.00

14

1.83

YC

YRC0749

6300

13.00

15.00

2

5.44

Waste dump

YRC0749

34.00

40.00

6

0.74

Kongonza

YRC0749

57.00

60.00

3

0.61

CMA South

YRC0749

171.00

175.00

4

2.29

CMA South

YRC0749

203.00

208.00

5

0.96

CMA South

YRC0749

211.00

215.00

4

0.69

CMA South

YRC0749

229.00

231.00

2

1.18

CMA South

YRC0749

235.00

238.00

3

1.48

CMA South

YRC0750

6700

224.00

226.00

2

0.82

CMA

YRC0751

6400

7.00

9.00

2

1.94

Waste dump

YRC0751

187.00

193.00

6

3.40

CMA

 

Note to table:

1 Interval lengths are not true widths. Composite intersections are based on a minimum width of 2m and a cut-off of 0.40 g/t Au. Internal dilution of up to 2.00m at less than 0.40 g/t has been allowed for continuity. Holes YDD0338, YDD0391 and YRC0752 had no intersections that met the intersection criteria.

 

 _________________

 i Effective date of Yaoure’s Mineral Resource estimate is 23 September 2014

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DRLFSWFULFLSEFF
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