RE: RE: RE: RE: Jennings... big bumpPerhaps you should read the press release a little closer. The finding is much richer than the original Nyafe open mine pit. Regardless of your feeling on gold, SMF has a lot of it! Perhaps covering shorts could save you a lot of money here, as if gold rises SMF goes higher fast!
Here is the release again-please note open pit mining.
SEMAFO (TSX: SMF) today announced that a regional exploration program has identified new targets at its Mana Mine in Burkina Faso. Auger drilling conducted in two areas (one located to the west and another to the south of the Nyaf? open pit mine) have produced priority exploration targets with gold in-soil values of up to 1,224 ppb.
"This work has identified new zones that could lead to new high grade oxide deposits mineable by open pit," said Michel Crevier, Geology Manager and SEMAFO's Qualified Person, "Geochemical sampling values of 61 ppb Au were recorded and ultimately led to the Wona discovery. We consider all assay values above 100 ppb to be highly significant and worthy of follow-up, in particular when located within an anomaly trend."