TORONTO, ONTARIO--(Marketwired - Sept. 6, 2016) -
(All amounts are expressed in United States dollars unless otherwise indicated.)
YAMANA GOLD INC. (TSX:YRI)(NYSE:AUY) ("Yamana" or "the Company") herein provides an update on several of the exploration
programs at its Chapada, Jacobina, Gualcamayo, Minera Florida and Monument Bay properties. The primary goals of the
Company's exploration programs are to discover and develop new Mineral Resources, and to upgrade Mineral Resources to Mineral
Reserves at the Company's operations. New discoveries at existing mines are the optimal way to create sustainability, growth
and long term value. Results to-date from the 2016 exploration programs are encouraging at all levels including target
generation, exploration drill testing, and Mineral Resource infill and ore delineation programs. Select highlights for the
aforementioned properties are provided as follows:
CHAPADA HIGHLIGHTS
- The 2016 exploration program continues to demonstrate the growth potential at Chapada and suggest a larger system of
mineralization than was initially envisaged;
- Currently gold and copper mineralization has been identified along a 15 kilometre trend from Santa Cruz in the southwest
through the Chapada mine complex to Suruca in the northeast;
- Drilling at Sucupira is supporting Mineral Resource growth with results returning some of the highest gold and copper
intersections discovered on the Chapada property to date;
- District exploration is developing the Mineral Resource potential at the newly discovered Formiga deposit and testing other
highly prospective targets; and
- Delineation and Mineral Resource expansion drilling at Suruca is supporting a path towards production for the near surface
oxide gold only deposit.
JACOBINA HIGHLIGHTS
- The mine delineation and exploration drill programs at João Belo, Canavieiras Norte, Canavieiras Sul, and Morro do Vento
continue to report multiple intercepts of above average grade over potentially mineable widths;
- The average grades and widths of four mineral reefs at Canavieiras Sul well exceed expectations with average grades for all
four mineral reefs in excess of 6.0 grams per tonne ("g/t") gold across drill intercepts of approximately three metres;
and
- Exploration drilling at the Canavieiras Norte mine has hit mineralization in the Main Reef one kilometre below historic
artisanal mining, supporting the long term growth outlook for Jacobina.
GUALCAMAYO HIGHLIGHTS
- Surface exploration at Gualcamayo is returning positive results that support the long term outlook for the property and the
potential to extend mine life by increasing the size of the oxide Mineral Resource that is amenable to the current heap
leach process;
- Infill drilling at the Las Vacas deposit, 2 kilometres northwest of the QDD Main pit, has returned positive results that
support Mineral Resource growth and the deposit remains open along strike; and
- Exploration drilling at the Cerro Condor and Potenciales targets located on the flanks of the QDD Main pit wall has
discovered gold mineralization thought to be extensions of the ore mined from the QDD Main pit. These new deposits have
the potential to be brought into the near-term production profile.
MINERA FLORIDA HIGHLIGHTS
- The focus of the exploration program has shifted from a Mineral Resource infill program to a Mineral Resource discovery and
growth program during 2016;
- Drill results to-date confirm extensions to depth and along strike of the Lorena, Lissette and Tribuna veins within the
core mine; and
- District exploration continues to identify and develop through surface geologic mapping and geochemical sampling, numerous
auriferous quartz veins that suggest the potential for long term Mineral Resource and Mineral Reserve growth.
MONUMENT BAY HIGHLIGHTS
- Results from the winter drilling program which focused on developing continuity of the high grade mineral shoots was
successful in intersecting significant gold mineralization on the projected trends in 20 out of 27 holes drilled; and
- The fall drilling program will focus on further definition drilling and testing down-plunge extensions of high-grade
zones.
Peter Marrone, Chairman and Chief Executive Officer of Yamana commented as follows: "Exploration is the lifeblood of a mining
enterprise and we are pleased that our exploration efforts are continuing to return impressive results across our
portfolio. These results, most notably at Chapada and Gualcamayo, demonstrate the potential within our portfolio to improve
our production profile and create value at existing operations. At Chapada, we are continuing to discover and develop
multiple ore bodies and deposits, and that speaks directly to the long term potential and optionality we have at this cornerstone
asset. At Gualcamayo, we have made a number of distinct discoveries with the potential that they may connect beneath and
behind the existing pit, and represent a significant increase in mineable oxide Mineral Resources, which are expected to
contribute to a meaningful increase in mine life. Results from Monument Bay, Yamana's first 100% owned Canada project,
returned positive results in proving geologic concepts on high-grade distribution, which provides encouragement for on-going
district exploration."
Chapada, Brazil
The Chapada mine, located in central Goias State, Brazil, has been in operation since 2007 producing a gold and copper
concentrate at a historic annual production rate generally in the range of 105,000 to 150,000 ounces gold and 120 to 150 million
pounds copper. To sustain and grow current production levels, the Company has allocated a $6.0 million exploration budget
for 2016. The overall budget supports local mine infill and exploration drill programs along with district scale exploration
work that includes mapping, soil sampling and drill testing of developed targets.
The Company has completed 23,477 metres distributed in 172 holes in the near mine exploration and core mine infill programs
through the end of July, 2016. The near mine program focused on defining and expanding the Sucupira Mineral Resource
immediately adjacent to the main Chapada pit, testing and developing an IP anomaly immediately beneath the pit and testing for
extensions of the oxide mineral envelops at Suruca and Hidrothermalito. The core mine infill program is concentrating on
providing increased grade definition of the ore zones for selective mining purposes. Results are encouraging from all
programs (Figure 1).
To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/yamana_gold_sept06_2016_fig01.pdf
At Sucupira (Figures 2 and 3), drilling continues to define a cigar shaped mineral body that is elongated along the same trend
as the main Chapada deposit. Drilling has returned continuous gold and copper values along a strike length of 1,700 meters with
drill hole intercept lengths of between 9 and 180 meters for the low grade halo and intercept lengths ranging from 6 to 38 metres
for the high grade core. An example of Sucupira mineralization is represented by results from hole NM-184 which returned
111.2 metres of 0.26 g/t Au and 0.42% Cu from 182 metres hole depth and a second interval of 24.66 metres of 0.39 g/t Au and
0.35% Cu from 304 metres hole depth. Included in the interval beginning at 182 metres are higher grade intercepts of 6.26
metres of 0.60 g/t Au and 0.86% Cu; 13.74 metres of 0.98 g/t Au and 1.05% Cu. The second interval beginning at 304 metres
includes a high grade core of 8.72 metres assaying 0.86 g/t Au and 0.64% Cu. A list of select drill results can be found in
Table 1 below.
To view Figure 2, please visit the following link: http://media3.marketwire.com/docs/yamana_gold_sept06_2016_fig02.pdf
To view Figure 3, please visit the following link: http://media3.marketwire.com/docs/yamana_gold_sept06_2016_fig03.pdf
Drill testing to explore for extensions of the Chapada ore body have shown positive results immediately beneath the current
pit (Figure 4, Table 2). Holes NM-159 intersected 53.17 metres of 0.16 g/t Au and 0.29% Cu from 41.83 metre hole depth and
hole NM-183 intersected 37.62 metres of 0.20 g/t Au and 0.24% Cu, both immediately beneath the ultimate pit boundary. To put
into context these compare to current head grades being processed at the Chapada mill in the order of 0.29 g/t Au and 0.32% Cu.
The Chapada deposit is open to the southeast and will be further tested in the second half of 2016.
The Suruca gold deposit is located 8 kilometres NE of the main Chapada pit and contains probable reserves of 1.032 million
gold ounces contained within 58.9 million tonnes at a grade of 0.55 g/t Au. The near surface portion of the deposit is
oxidized and is amenable to extraction using conventional heap leach technology. A $1.9 million budget was approved in July
to execute a 20,000 metre drill program that will delineate the oxide boundary of the deposit with a drill grid spacing on 35
meter centers. The program is underway and expected to be complete by December, 2016 and will support the completion of a
feasibility study by early to mid-2017.
To view Figure 4, please visit the following link: http://media3.marketwire.com/docs/yamana_gold_sept06_2016_fig04.pdf
The District exploration program at Chapada is targeting the discovery of new deposits within the extensive concession
holdings surrounding the Chapada deposit and exploring holdings distal to the Chapada Mine which present similar geologic,
geochemical and geophysical characteristics within the Mara Rosa Greenstone Belt. The program has completed 3,476 metres
distributed in 23 holes year to date.
During the first half of 2016, drilling has focused on the Formiga target located 15 kilometres northeast of the
mine. The Formiga copper-gold mineralization occurs as a high grade core of copper and gold, commonly presented as massive
chalcopyrite accompanied by varying amounts of disseminated bornite, pyrrhotite and pyrite, enveloped by a low grade halo of
copper and gold mineralization, similar in geometry to Sucupira. The deposit occurs within similar meta-diorite and
meta-sedimentary sequences found at the Chapada complex. Results to date are impressive (Table 3) and indicate that further
drilling is required to define the extent of mineralization. Early in the third quarter, the exploration program
transitioned to drill testing other targets generated within the Mara Rosa Belt, including Curicaca, Bom Jesus Central, Taquarucu
and others. Results are pending.
Jacobina, Brazil
The Jacobina gold deposit is located in the east central section of Bahia State of Northern Brazil. Gold mineralization
in the "Serra do Jacobina" mountains was first discovered in the 17th century and mining in the region has occurred
since that time. Modern mining techniques and extraction of the gold deposits began in the 1970's and the Company continued
and expanded these efforts following acquisition of the mine in July of 2006.
The geologic and depositional setting has been compared to the Witwatersrand Basin-type deposits found in South Africa, well
known for large, multi-million ounce gold deposits and sustained production history. The Jacobina deposits are found within
the southern portion of a north-south aligned mountain range comprised of Paleoproterozoic age conglomerate, schist and quartzite
that continue for over 200 kilometres. The company controls a significant portion of this belt, with exploration efforts
concentrated around current operations.
At Jacobina, the ore delineation and exploration programs have provided important detailed mineral reserve data to aid in mine
planning and sequencing of the known ore deposits and have also encountered additional new potential Mineral Resource
bodies. The Company has budgeted $4.5 million to complete the exploration program during 2016 which includes 36,000 metres
of mine delineation and infill and exploration drilling. Approximately 22,200 metres of drilling is complete to date with
many of the holes returning multiple zones of above average grade gold intercepts over potentially mineable widths (Figure 5, 6
and Table 4). Exceptional results are found within all targets tested and within the upper and lower reef sequences.
To view Figure 5, please visit the following link: http://media3.marketwire.com/docs/yamana_gold_sept06_2016_fig05.pdf
To view Figure 6, please visit the following link: http://media3.marketwire.com/docs/yamana_gold_sept06_2016_fig06.pdf
Canavieiras Norte and Sul
Geologists have tracked and calculated the average grade and widths of four impressive reefs that are found at
Canavieiras Sul based on a minimum of 100 drill hole intercepts and a minimum intercept of 1 metre. The MSPC reef averages
6.35 g/t Au over 3.9 metres, the LVL reef averages 8.32 g/t Au over 2.7 metres, the MU reef averages 7.01 g/t Au over 3.4 metres
and the LU reef averages 8.10 g/t Au over 3.2 metres. These widths and grades should support long term Mineral Resource and
Mineral Reserve growth as exploration and mining activities are further developed in the Canavieiras reef complex. An
example of the robust results is presented in Figure 7.
To view Figure 7, please visit the following link: http://media3.marketwire.com/docs/yamana_gold_sept06_2016_fig07.pdf
In addition, exploration hole CANEX06 cut 1.95 metres of 5.20 g/t Au from 832.2 metres hole depth and 2.40 metres of 12.28 g/t
Au from 941.0 metres hole depth (Figure 8). This opens up the Jacobina deposit locally and along strike to the north, providing
near and long term growth opportunities.
To view Figure 8, please visit the following link: http://media3.marketwire.com/docs/yamana_gold_sept06_2016_fig08.pdf
The goals of ore delineation for mining purposes are being accomplished, with current developed Mineral Reserves approaching 6
months of production. The goal is to ultimately reach greater than 12 months of developed Mineral Reserves ahead of
production. Exploration will now add Mineral Resource growth to the list of goals, and will be testing and expanding the
margins of known deposits, and developing new targets for long term sustainability and growth.
Gualcamayo, Argentina
The Gualcamayo mine is located in Argentina in the north-central portion of San Juan Province and has been in continuous
operation since 2008. Mineralization at Gualcamayo is formed as sediment-hosted disseminated gold deposits, disseminated
gold along fracture zones overprinting sulfide bearing skarn alteration and as disseminations in porphyry intrusive stocks.
The initial 2016 exploration budget of $4.0 million was earmarked primarily for Mineral Resource infill drilling within the
QDD Main pit and the underground mine areas, infill and limited deep drilling of the Las Vacas mineral body.
At Gualcamayo, exploration drilling that commenced in late 2015 to discover and develop new oxide ounces amenable to current
heap leach processing technology continued into early 2016. The program focused on near mine targets and included the
collection of 10 metre channel samples for geochemical analysis (Figures 9 and 10). Very positive results were
returned from two areas immediately adjacent to the current open pit. The Cerro Condor target is located along the eastern
rim of the QDD Main pit wall and was defined by channel sample results including 60 metres of 2.57 g/t Au and 10 metres of 9.19
g/t Au. The Potenciales target, located along the western flank of the pit wall was defined by numerous channel sample
results, including 10 metres of 10.5 g/t Au and 10 metres of 13.28 g/t Au. Given these impressive surface results, a $3.5
million budget increase was approved in the first quarter for drill testing. Results of these drill programs have been very
positive (Tables 5 and 6) and further drilling is planned for 2016 to expand these new discoveries.
Both of these new discoveries are significant in that they may define new oxide mineral resources and allow for pit wall lay
backs to exploit more of the QDD Porfundo resources. An updated Mineral Resource and Mineral Reserve from the new
discoveries and QDD Profundo will be completed in the first quarter of 2017. While the Deep Carbonates project represents a
large ore body, the Company is not currently allocating exploration funds to the deposit as the focus is on evaluating mining
method and metallurgy.
To view Figure 9, please visit the following link: http://media3.marketwire.com/docs/yamana_gold_sept06_2016_fig09.pdf
To view Figure 10, please visit the following link: http://media3.marketwire.com/docs/yamana_gold_sept06_2016_fig10.pdf
Stepping 2 kilometres to the northwest of the QDD Main pit, the exploration team conducted follow up infill drilling of the
Las Vacas target during the first half of the year yielding positive results such as 10 metres of 2.01 g/t Au in hole 16LVR-052
and 38 metres of 0.86 g/t Au in hole 16LVR-053 (Table 7). The initial results of this program indicate that portions of this
near surface oxide deposit will be amenable to the current leaching and gold extraction circuit.
To support long term discovery and growth at Gualcamayo, the exploration team has developed and prioritized over 29 areas to
explore based on proximity to the mine, favorable geology, geochemistry, geophysics and remote sensing characteristics, size
potential and accessibility. Exploration of five highest priority targets is underway and with support from the mine and
regional exploration staff.
Minera Florida, Chile
Minera Florida is located within the Coastal Cordillera in the Metropolitan Region of Central Chile. The gold, silver,
zinc polymetallic deposit is hosted by quartz veins and stockwork developed in Cretaceous age andesite tuffs and other
volcaniclastic units intruded by an Early Eocene granodiorite batholith. Modern mining at the Pedro Valencia Mine has
occurred continuously since 1986 using underground mining and extraction techniques, producing an initial 40,000 to 50,000 ounces
of gold plus by-product silver and zinc per annum to 112,580 ounces of gold and 660,997 ounces of silver in 2015.
Exploration activities in 2016, changed from a focus of infill and reserve replacement in 2015 to a focus of Mineral Resource
discovery and growth. A combined $9.0 million operational and capital expenditures budget, including a $1.8 million increase
related to drilling at Tribuna Este, was approved to extend known deposits in the core mine areas along strike and to depth, and
to venture into new areas outside of the core mine area to develop mineral anomalies identified in prior exploration
programs. In addition, surface exploration mapping and sampling accelerated in 2015 and continued into 2016 due to early
success of identifying numerous quartz vein trends and gold anomalies that are proposed to be linked to producing vein structures
at depth.
Results to date have confirmed mineral extensions to depth and along strike at the Lissette and Tribuna Central targets within
the core mine area (Figure 11). Important intervals exposed to date at Lissette include 9.2 g/t Au over 3.15 meters in
ALH1805, 17.5 g/t Au over 2.77 meters in ALH1808 and 7.6 g/t Au over 9.96 meters in ALH1822 (Table 8, Figure 12). Surface
mapping and geologic interpretation of results within the core mine area have led to drill testing the Lorena and Tribuna Este
targets. Positive results from both targets (Tables 9 and 10) supported the development of a tunnel which will provide
access to further drill test and develop these targets. Assays returned from the Lorena targets include 4.3 g/t Au, 9.0 g/t
Ag and 3.61% Zn over 2.98 metres in ALH1768 and 8.7 g/t Au, 50.0 g/t Ag and 1.14% Zn over 3.64 metres in ALH1771. Tribuna
Este hole ALH1764 returned 3.3 g/t Au, 19.0 g/t Ag and 3.2% Zn which supports the theory of a continuation of the Tribuna
mineralization east of the Maqui Fault.
The Company has demonstrated that fault offset targets of important ore bodies found within the Core Mine Complex are present
east of the Maqui Fault, and that new extensions within the Core Mine Complex will continue to provide growth of Mineral
Resources and Mineral Reserves and surface investigations yet untested at Minera Florida have a high likelihood of new
discoveries in the coming months and years.
To view Figure 11, please visit the following link: http://media3.marketwire.com/docs/yamana_gold_sept06_2016_fig11.pdf
To view Figure 12, please visit the following link: http://media3.marketwire.com/docs/yamana_gold_sept06_2016_fig12.pdf
Monument Bay
The Monument Bay Project, located in eastern Manitoba, Canada, is the primary property of several Canadian properties that the
Company acquired in 2015. The Monument Bay Project hosts an Indicated Mineral Resource of 1.787 million ounces of
gold contained in 36.58 million tonnes at a grade of 1.52 g/t Au and an Inferred Mineral Resource of 1.781 million ounces of gold
contained in 41.97 million tonnes at an average grade of 1.32 g/t Au. The Monument Bay deposits are hosted in the Stull Lake
Greenstone Belt comprised by three volcanic assemblages, ranging in age from 2.85 to 2.71 Ga. Gold and tungsten
mineralization occurs along the steeply north dipping Twin Lakes Shear Zone and the AZ Sheer Zone.
The 2016, $6.0 million exploration program has focused on improving the drill density within the high grade mineralized shoots
on the eastern portion of the Twin Lakes deposit. A total of 27 holes totaling 7,850 meters were completed during the winter
campaign.
Assay results received to-date are consistent with expected gold grades, based on the current geologic model. The
majority of the Q1 high-grade drill intercepts are located within the eastern portion of the Twin Lakes deposit, within multiple
sub-parallel lenses occurring along a strike length of 425 meters (506100E - 506525E), vertical range of 350 meters and are
locally open to depth (Figures 13 and 14).
Significant Q1 assay results (at a 2.0 and 5.0 g/t Au cutoff) are summarized in Table 11 below. Of note was hole
TL-16-575, which intersected two separate zones with +600.0 g/t Au (uncut) over 0.5-0.65 m widths. These are the highest
gold grades encountered in the project to-date. Other positive results include 9.7 meters of 8.26 g/t Au in TL-16-580, 6.0
meters of 16.29 g/t Au in TL-16-581, 2.2 meters @ 16.71 g/t Au in TL-16-583, 2.9 meters @ 16.05 g/t Au in Tl-16-596 and 8.7
meters @ 7.58 g/t Au in hole TL-16-590.
The summer land-based drill program is currently underway with the goals of infilling and extending the high grade shoots
to depth.
To view Figure 13, please visit the following link: http://media3.marketwire.com/docs/yamana_gold_sept06_2016_fig13.pdf
To view Figure 14, please visit the following link: http://media3.marketwire.com/docs/yamana_gold_sept06_2016_fig14.pdf
TABLES
For additional details and complete drill hole results, refer to the Company's website at www.yamana.com.
Table 1: Select composite results received during 2016 from infill and delineation holes completed at Sucupira.
Hole |
From (m) |
To (m) |
Length (m) |
Au (g/t) |
Cu (%) |
NM-118 |
167.00 |
327.05 |
160.05 |
0.14 |
0.28 |
Incl |
249.00 |
265.10 |
16.10 |
0.5 |
0.87 |
Incl |
274.00 |
288.85 |
14.85 |
0.19 |
0.39 |
NM-119 |
62.00 |
79.00 |
17.00 |
0.13 |
0.19 |
Incl. |
70.00 |
79.00 |
9.00 |
0.19 |
0.24 |
NM-119 |
221.92 |
231.00 |
9.08 |
0.05 |
0.14 |
NM-119 |
240.72 |
313.00 |
72.28 |
0.19 |
0.28 |
Incl. |
303.00 |
312.00 |
9.00 |
0.71 |
0.60 |
NM-119 |
341.59 |
367.02 |
25.43 |
0.04 |
0.14 |
NM-124 |
175.0 |
230.00 |
55.00 |
0.15 |
0.24 |
Incl |
194.00 |
206.00 |
12.00 |
0.33 |
0.49 |
NM-124 |
259.00 |
377.00 |
118.00 |
0.25 |
0.31 |
Incl |
317.8 |
330.00 |
12.2 |
0.43 |
0.56 |
Incl |
354.91 |
360.09 |
5.18 |
0.57 |
0.47 |
Incl |
366.46 |
377.00 |
10.54 |
0.73 |
0.53 |
NM-124 |
390.15 |
397.00 |
6.85 |
1.5 |
1.07 |
NM-127 |
220.00 |
338.00 |
118.00 |
0.27 |
0.36 |
Incl |
296.00 |
323.00 |
27.00 |
0.63 |
0.59 |
NM-127 |
348.00 |
370.26 |
22.26 |
0.10 |
0.19 |
NM-128 |
189.00 |
277.52 |
88.52 |
0.46 |
0.53 |
Incl. |
217.00 |
247.62 |
30.62 |
0.68 |
0.68 |
Incl. |
254.00 |
261.21 |
7.21 |
0.68 |
0.77 |
Incl. |
271.00 |
276.76 |
5.76 |
0.91 |
1.03 |
NM-128 |
296.38 |
311.74 |
15.36 |
0.46 |
0.47 |
Incl. |
304.00 |
311.74 |
7.74 |
0.66 |
0.53 |
NM-128 |
326.28 |
350.16 |
23.88 |
0.15 |
0.23 |
Incl. |
326.28 |
329.00 |
2.72 |
0.77 |
0.88 |
NM-130 |
200.00 |
229.8 |
29.80 |
0.22 |
0.41 |
Incl |
215.32 |
221.20 |
5.88 |
0.75 |
0.67 |
NM-130 |
253.8 |
276.22 |
22.42 |
0.22 |
0.41 |
Incl |
253.8 |
262.00 |
8.20 |
0.27 |
0.51 |
NM-130 |
298.37 |
355.25 |
56.88 |
0.84 |
0.84 |
Incl |
312.00 |
333.86 |
21.86 |
1.57 |
1.32 |
NM-130 |
367.00 |
377.22 |
10.22 |
0.41 |
0.26 |
NM-130 |
398.00 |
406.00 |
8.00 |
1.20 |
0.93 |
NM-132 |
171.03 |
228.83 |
57.8 |
0.09 |
0.29 |
Incl |
191.00 |
228.00 |
37.00 |
0.11 |
0.34 |
NM-132 |
238.97 |
332.24 |
93.27 |
0.49 |
0.58 |
Incl |
308.00 |
332.24 |
24.24 |
1.21 |
1.06 |
NM-132 |
339.82 |
344.93 |
5.11 |
0.76 |
0.72 |
NM-133 |
189.00 |
363.00 |
174.00 |
0.51 |
0.54 |
Incl. |
288.2 |
293.71 |
5.51 |
0.66 |
1.07 |
Incl. |
318.51 |
340.37 |
21.86 |
2.43 |
1.69 |
Incl. |
352.00 |
355.81 |
3.81 |
0.98 |
0.63 |
NM-138 |
182.00 |
362.65 |
180.65 |
0.30 |
0.45 |
Incl |
291.00 |
318.00 |
27.00 |
0.57 |
0.86 |
NM-138 |
379.89 |
382.00 |
2.11 |
1.05 |
0.99 |
NM-144 |
174.00 |
223.02 |
49.02 |
0.11 |
0.24 |
NM-144 |
258.00 |
264.00 |
6.00 |
0.12 |
0.19 |
NM-144 |
276.48 |
353.82 |
77.34 |
0.64 |
0.59 |
Incl. |
308.00 |
314.00 |
6.00 |
1.27 |
0.95 |
Incl. |
321.00 |
331.23 |
10.23 |
1.34 |
1.16 |
Incl. |
347.87 |
353.82 |
5.95 |
1.38 |
1.09 |
NM-146 |
129.40 |
278.68 |
149.28 |
0.22 |
0.29 |
Incl. |
240.00 |
278.00 |
38.00 |
0.55 |
0.63 |
NM-146 |
304.00 |
324.60 |
20.60 |
0.06 |
0.14 |
NM-150 |
158.00 |
266.00 |
108.00 |
0.27 |
0.41 |
Incl. |
210.37 |
221.80 |
11.43 |
0.73 |
0.67 |
Incl. |
231.00 |
244.29 |
13.29 |
0.41 |
0.69 |
NM-152 |
109.00 |
166.54 |
57.54 |
0.17 |
0.24 |
NM-152 |
182.00 |
234.82 |
52.82 |
0.23 |
0.44 |
Incl. |
182.00 |
206.00 |
24.00 |
0.38 |
0.65 |
NM-158 |
166.00 |
233.15 |
67.15 |
0.31 |
0.40 |
Incl. |
188.70 |
200.00 |
11.30 |
0.79 |
0.60 |
Incl. |
216.18 |
226.83 |
10.65 |
0.40 |
0.77 |
NM-158 |
221.00 |
234.00 |
13.00 |
0.07 |
0.18 |
NM-162 |
182.79 |
314.74 |
131.95 |
0.31 |
0.40 |
Incl |
284.00 |
314.74 |
30.74 |
0.70 |
0.53 |
NM-183 |
215.00 |
262.65 |
47.65 |
0.23 |
0.31 |
Incl. |
255.14 |
261.78 |
6.64 |
0.61 |
0.51 |
NM-183 |
268.29 |
272.03 |
3.74 |
0.6 |
0.51 |
NM-183 |
281.64 |
293.35 |
11.71 |
0.51 |
0.43 |
Incl. |
284.84 |
291.00 |
6.16 |
0.77 |
0.62 |
NM-184 |
182.00 |
293.22 |
111.22 |
0.26 |
0.42 |
Incl. |
266.74 |
273.00 |
6.26 |
0.60 |
0.86 |
Incl. |
279.48 |
293.22 |
13.74 |
0.98 |
1.05 |
NM-184 |
301.00 |
325.66 |
24.66 |
0.39 |
0.35 |
Incl. |
304.00 |
312.72 |
8.72 |
0.86 |
0.64 |
NM-185 |
218.37 |
262.43 |
44.06 |
0.22 |
0.29 |
Incl. |
250.00 |
257.05 |
7.05 |
0.63 |
0.60 |
NM-185 |
272.95 |
293.45 |
20.50 |
1.44 |
0.79 |
Incl. |
281.00 |
290.00 |
9.00 |
1.93 |
0.99 |
Table 2: Select list of composite assay results received during 2016 targeting mineral extensions of the main Chapada ore body
beneath the current designed ultimate pit.
Hole |
From (m) |
To (m) |
Length (m) |
Au (g/t) |
Cu (%) |
NM_118 |
98.54 |
104.00 |
5.46 |
0.67 |
0.43 |
NM_118 |
110.00 |
116.90 |
6.90 |
0.28 |
0.20 |
NM_159 |
41.83 |
95.00 |
53.17 |
0.16 |
0.21 |
Incl. |
54.00 |
58.00 |
4.00 |
0.26 |
0.31 |
Incl. |
67.00 |
85.12 |
18.12 |
0.25 |
0.25 |
NM_173 |
46.00 |
88.00 |
42.00 |
0.17 |
0.18 |
Incl. |
46.00 |
63.00 |
17.00 |
0.21 |
0.23 |
NM-173 |
102.00 |
141.00 |
39.00 |
0.08 |
0.15 |
NM_177 |
31.00 |
77.00 |
46.00 |
0.11 |
0.16 |
Incl. |
70.89 |
77.00 |
6.11 |
0.23 |
0.26 |
NM_183 |
47.00 |
84.62 |
37.62 |
0.20 |
0.24 |
Incl. |
55.00 |
61.55 |
6.55 |
0.33 |
0.38 |
NM-181 |
104.00 |
124.69 |
20.69 |
0.08 |
0.16 |
Incl. |
104.00 |
114.00 |
10.00 |
0.10 |
0.19 |
NM-184 |
53.00 |
116.00 |
63.00 |
0.19 |
0.20 |
Incl. |
53.00 |
58.00 |
5.00 |
0.27 |
0.34 |
Incl. |
98.00 |
103.83 |
5.83 |
0.56 |
0.42 |
Table 3: Select results returned from exploration holes testing the Formiga deposit during 2016.
Hole |
From (m) |
To (m) |
Length (m) |
Au (g/t) |
Cu (%) |
FOR-03 |
13.00 |
16.00 |
3.00 |
0.02 |
0.28 |
Incl. |
14.00 |
15.00 |
1.00 |
0.02 |
0.60 |
FOR-03 |
22.27 |
29.30 |
7.03 |
0.07 |
0.64 |
Incl. |
22.97 |
27.31 |
4.34 |
0.08 |
0.91 |
FOR-03 |
36.49 |
38.71 |
2.22 |
0.10 |
3.68 |
Incl. |
37.55 |
38.71 |
1.16 |
0.16 |
6.72 |
FOR-03 |
47.67 |
49.21 |
1.54 |
0.12 |
5.18 |
FOR-03 |
59.98 |
62.31 |
2.33 |
0.08 |
0.70 |
Incl. |
59.98 |
60.48 |
0.50 |
0.13 |
0.91 |
Incl. |
61.78 |
62.31 |
0.53 |
0.05 |
0.61 |
FOR-05 |
40.30 |
42.90 |
2.60 |
0.22 |
6.58 |
Incl. |
40.82 |
41.45 |
0.63 |
0.14 |
17.10 |
Incl. |
42.20 |
42.90 |
0.70 |
0.57 |
7.66 |
FOR-05 |
44.30 |
45.27 |
0.97 |
0.10 |
1.00 |
Incl. |
44.30 |
44.84 |
0.54 |
0.06 |
1.55 |
FOR-05 |
53.58 |
54.10 |
0.52 |
0.18 |
0.87 |
FOR-07 |
46.63 |
47.30 |
0.67 |
0.16 |
0.89 |
FOR-07 |
95.73 |
96.76 |
1.03 |
- |
2.13 |
FOR-08 |
90.80 |
122.84 |
32.04 |
0.13 |
1.41 |
Incl. |
90.80 |
94.00 |
3.20 |
0.18 |
2.10 |
Incl. |
98.75 |
102.62 |
3.87 |
0.55 |
5.51 |
Incl. |
109.12 |
110.45 |
1.33 |
0.37 |
3.65 |
Incl. |
114.08 |
122.84 |
8.76 |
0.09 |
1.14 |
FOR-11 |
106.95 |
117.00 |
10.05 |
- |
0.17 |
Incl. |
106.95 |
107.43 |
0.48 |
- |
1.38 |
FOR-12 |
27.00 |
62.00 |
35.00 |
0.28 |
0.23 |
Incl. |
39.17 |
41.09 |
1.92 |
2.52 |
1.12 |
FOR-13 |
138.00 |
139.00 |
1.00 |
- |
1.13 |
FOR-13 |
143.52 |
144.02 |
0.50 |
0.18 |
8.90 |
FOR-13 |
148.09 |
167.78 |
19.69 |
0.13 |
1.49 |
Incl. |
148.09 |
153.12 |
5.03 |
0.24 |
3.39 |
Incl. |
156.41 |
162.04 |
5.63 |
0.14 |
1.24 |
Incl. |
166.63 |
167.22 |
0.59 |
0.50 |
2.60 |
FOR-14 |
103.00 |
107.00 |
4.00 |
0.10 |
0.29 |
Table 4: Select, top ten drill hole results by target/mine area from drilling at Jacobina received during 2016.
Mine |
Hole |
From (m) |
To (m) |
Length (m) |
Au (g/t) |
Reef |
João Belo |
JBA 1977 |
70.00 |
74.00 |
4.00 |
7.28 |
LMPC |
JBA1984 |
84.00 |
95.50 |
11.50 |
5.47 |
LMPC |
Incl. |
88.50 |
90.00 |
1.50 |
11.25 |
JBA1984 |
74.00 |
78.50 |
4.50 |
3.19 |
LMPC |
JBA2006 |
20.50 |
26.00 |
5.50 |
5.51 |
LMPC |
Incl. |
20.50 |
22.00 |
1.50 |
10.24 |
Incl. |
25.21 |
26.00 |
0.79 |
11.81 |
JBA2020 |
100.50 |
104.50 |
4.00 |
2.55 |
LMPC |
JBA2023 |
46.00 |
50.00 |
4.00 |
2.64 |
LMPC |
JBA2028 |
64.50 |
74.50 |
10.00 |
3.03 |
LMPC |
JBA2031 |
37.00 |
39.09 |
2.09 |
5.32 |
MPC |
JBA2038 |
75.50 |
78.50 |
3.00 |
3.43 |
LMPC |
JBA2044 |
105.00 |
111.00 |
6.00 |
2.83 |
LMPC |
JBA2048 |
81.50 |
85.50 |
4.00 |
4.43 |
MPC |
|
|
|
|
|
|
|
Mine |
Hole |
From (m) |
To (m) |
Length (m) |
Au (g/t) |
Reef |
Morro do Vento |
MVT1322 |
119.34 |
122.31 |
2.97 |
6.89 |
Main Reef |
MVT1332 |
138.94 |
142.50 |
3.56 |
6.71 |
Main Reef |
Incl. |
138.94 |
139.56 |
0.62 |
21.11 |
MVT1370 |
55.50 |
60.00 |
4.50 |
2.55 |
Main Reef |
Incl. |
55.50 |
55.95 |
0.45 |
6.87 |
MVT1378 |
73.50 |
75.50 |
2.00 |
5.43 |
Main Reef |
MVT1390 |
132.50 |
140.70 |
8.20 |
4.09 |
Basal |
Incl. |
136.50 |
140.70 |
4.20 |
5.82 |
MVT1401 |
41.50 |
47.98 |
6.48 |
3.41 |
Main Reef |
Incl. |
42.00 |
44.00 |
2.00 |
6.71 |
MVT1427 |
62.50 |
68.08 |
5.58 |
3.78 |
Main Reef |
Incl. |
62.50 |
64.00 |
1.50 |
9.00 |
MVT1433 |
123.43 |
126.2 |
2.77 |
5.34 |
Main Reef |
Incl. |
123.43 |
123.91 |
0.48 |
23.57 |
MVT1440 |
72.70 |
81.84 |
9.14 |
3.18 |
Main Reef |
Incl. |
79.60 |
81.84 |
2.24 |
7.62 |
MVT1463 |
110.34 |
112.72 |
2.38 |
17.59 |
Main Reef |
Incl. |
111.50 |
111.96 |
0.46 |
68.52 |
|
|
|
|
|
|
|
Mine |
Hole |
From (m) |
To (m) |
Length (m) |
Au (g/t) |
Reef |
Morro do Cuscuz |
MCZ338 |
70.00 |
79.00 |
9.00 |
8.73 |
FW |
87.50 |
90.00 |
2.50 |
6.45 |
BASAL |
MCZ342 |
19.00 |
22.67 |
3.67 |
4.16 |
Main Reef |
138.50 |
146.00 |
7.50 |
6.44 |
BASAL |
MCZ357 |
29.50 |
37.50 |
8.00 |
7.58 |
Main Reef |
Incl. |
29.50 |
33.50 |
4.00 |
11.23 |
MCZ359 |
108.00 |
110.50 |
2.50 |
4.42 |
Main Reef |
MCZ363 |
85.00 |
87.50 |
2.50 |
3.49 |
Main Reef |
129.47 |
132.00 |
2.53 |
2.64 |
Basal |
MCZ364 |
127.50 |
136.00 |
8.50 |
3.70 |
Basal |
128.67 |
130.50 |
1.83 |
5.98 |
133.50 |
136.00 |
2.50 |
3.45 |
MCZ366 |
143.04 |
148.80 |
5.76 |
5.38 |
Basal |
Incl. |
146.00 |
147.15 |
1.15 |
14.19 |
MCZ373 |
136.00 |
142.00 |
6.00 |
3.56 |
Basal |
144.50 |
147.50 |
3.00 |
8.47 |
150.57 |
153.50 |
2.93 |
5.13 |
MCZ374 |
148.00 |
171.00 |
23.00 |
2.93 |
Basal |
Incl. |
161.24 |
163.38 |
2.14 |
10.17 |
MCZ374 |
175.00 |
181.81 |
6.18 |
3.52 |
MCZ376 |
197.36 |
204.00 |
6.64 |
2.78 |
Basal |
211.50 |
216.00 |
4.50 |
3.75 |
|
|
|
|
|
|
|
Mine |
Hole |
From (m) |
To (m) |
Length (m) |
Au (g/t) |
Reef |
Canavieiras Sul |
CAS77 |
101.50 |
105.00 |
3.50 |
28.86 |
MSPC |
101.50 |
103.00 |
1.50 |
64.25 |
CAS85 |
133.50 |
138.45 |
4.95 |
7.01 |
MU |
Incl. |
134.66 |
136.1 |
1.44 |
14.37 |
CAS86 |
47.00 |
50.00 |
3.00 |
16.76 |
LVLPC |
48.00 |
48.64 |
0.64 |
72.98 |
CAS113 |
161.38 |
169.12 |
7.74 |
9.01 |
LU |
Incl. |
164.00 |
166.18 |
2.18 |
17.6 |
CAS114 |
181.50 |
188.00 |
6.50 |
7.30 |
LU |
Incl. |
183.00 |
186.50 |
3.50 |
10.02 |
CAS119 |
95.50 |
99.50 |
4.00 |
10.1 |
MSPC |
150.50 |
161.50 |
11.00 |
13.7 |
MU |
CAS 138 |
6.50 |
8.0 |
1.50 |
13.13 |
LVLPC |
Incl. |
6.50 |
7.00 |
0.50 |
34.38 |
CAS167 |
148.44 |
154.5 |
6.06 |
15.37 |
LU |
Incl. |
148.44 |
151.00 |
2.56 |
21.64 |
CAS169 |
35.76 |
44.00 |
8.24 |
10.09 |
MSPC |
Incl. |
40.50 |
42.00 |
1.50 |
31.52 |
CAS208 |
112.90 |
123.03 |
10.13 |
11.24 |
LU |
Incl. |
117.00 |
119.50 |
2.50 |
24.90 |
|
|
|
|
|
|
|
Mine |
Hole |
From (m) |
To (m) |
Length (m) |
Au (g/t) |
Reef |
Canavieiras Norte |
CAN821 |
64.00 |
67.50 |
3.50 |
8.88 |
Holandes |
Incl. |
64.00 |
65.00 |
1.00 |
25.25 |
CAN827 |
196.00 |
200.00 |
4.00 |
5.67 |
LVLPC |
203.25 |
210.39 |
7.14 |
3.67 |
212.00 |
219.00 |
7.00 |
1.82 |
CAN834 |
11.00 |
21.50 |
10.50 |
5.29 |
LU |
Incl. |
14.00 |
15.50 |
1.50 |
10.85 |
CAN834 |
24.25 |
25.25 |
1.00 |
172.00 |
CAN847 |
49.84 |
52.04 |
2.20 |
11.82 |
QTO |
Incl. |
51.04 |
51.50 |
0.46 |
47.90 |
CAN847 |
212.00 |
217.05 |
5.05 |
14.76 |
LVLPC |
Incl. |
214.00 |
215.50 |
1.50 |
31.37 |
CAN852 |
196.50 |
202.50 |
6.00 |
6.47 |
LVLPC |
CAN854 |
156.00 |
164.71 |
8.71 |
3.41 |
LVLPC |
CAN857 |
203.00 |
211.00 |
8.00 |
12.75 |
LU |
Incl. |
205.70 |
207.53 |
1.83 |
42.05 |
CAN858 |
197.00 |
207.96 |
10.96 |
5.40 |
LU |
Incl. |
200.65 |
202.5 |
1.85 |
20.9 |
CAN866 |
45.28 |
51.50 |
6.22 |
5.24 |
MU |
Incl. |
47.45 |
48.50 |
1.05 |
17.38 |
CAN870 |
80.05 |
84.00 |
3.95 |
15.78 |
LU |
Table 5: Significant assay results from exploration drilling at Potenciales.
Hole Id |
Target |
From (m) |
To (m) |
Length (m) |
Au (g/t) |
16QDR-896 |
Potenciales |
54.00 |
60.00 |
6.00 |
0.75 |
16QDR-896 |
Potenciales |
68.00 |
86.00 |
18.00 |
0.78 |
16QDR-896 |
Potenciales |
108.00 |
116.00 |
8.00 |
0.54 |
16QDR-896 |
Potenciales |
122.00 |
126.00 |
4.00 |
1.39 |
16QDR-897 |
Potenciales |
8.00 |
22.00 |
14.00 |
0.54 |
16QDR-897 |
Potenciales |
26.00 |
28.00 |
2.00 |
0.83 |
16QDR-897 |
Potenciales |
140.00 |
150.00 |
10.00 |
0.93 |
16QDR-897 |
Potenciales |
168.00 |
172.00 |
4.00 |
0.74 |
16QDR-902 |
Potenciales |
130.00 |
134.00 |
4.00 |
0.66 |
16QDR-904 |
Potenciales |
10.00 |
14.00 |
4.00 |
4.53 |
16QDR-905 |
Potenciales |
8.00 |
18.00 |
10.00 |
2.75 |
16QDR-906 |
Potenciales |
20.00 |
22.00 |
2.00 |
1.27 |
16QDR-906 |
Potenciales |
154.00 |
160.00 |
6.00 |
0.79 |
16QDR-909 |
Potenciales |
192.00 |
196.00 |
4.00 |
0.76 |
16QDR-912 |
Potenciales |
212.00 |
220.00 |
8.00 |
0.86 |
16QDR-912 |
Potenciales |
234.00 |
238.00 |
4.00 |
0.51 |
16QDR-916 |
Potenciales |
74.00 |
76.00 |
2.00 |
1.32 |
16QDR-916 |
Potenciales |
194.00 |
198.00 |
4.00 |
0.79 |
16QDR-931 |
Potenciales |
4.00 |
44.00 |
40.00 |
1.00 |
16QDR-931 Incl. |
Potenciales |
12.00 |
22.00 |
10.00 |
1.07 |
16QDR-931 |
Potenciales |
194.00 |
196.00 |
2.00 |
0.82 |
16QDR-931 |
Potenciales |
222.00 |
228.00 |
6.00 |
0.50 |
16QDR-934 |
Potenciales |
2.00 |
30.00 |
28.00 |
1.58 |
16QDR-934 |
Potenciales |
108.00 |
110.00 |
2.00 |
1.12 |
16QDR-932 |
Potenciales |
2.00 |
46.00 |
44.00 |
1.05 |
16QDR-932 Incl. |
Potenciales |
2.00 |
26.00 |
24.00 |
1.63 |
16QDR-932 |
Potenciales |
188.00 |
196.00 |
8.00 |
0.64 |
16QDR-932 |
Potenciales |
216.00 |
220.00 |
4.00 |
0.82 |
16QDR-932 |
Potenciales |
236.00 |
240.00 |
4.00 |
3.51 |
16QDR-941 |
Potenciales |
26.00 |
36.00 |
10.00 |
0.94 |
16QDR-939 |
Potenciales |
240.00 |
258.00 |
18.00 |
1.07 |
Table 6: Significant assay results from exploration drilling at Cerro Condor.
Hole Id |
Target |
From (m) |
To (m) |
Length (m) |
Au (g/t) |
16QDR-900 |
Cerro Condor |
4.00 |
20.00 |
16.00 |
1.29 |
16QDR-900 |
Cerro Condor |
214.00 |
216.00 |
2.00 |
1.28 |
16QDR-901 |
Cerro Condor |
8.00 |
10.00 |
2.00 |
1.65 |
16QDR-901 |
Cerro Condor |
52.00 |
56.00 |
4.00 |
2.46 |
16QDR-901 |
Cerro Condor |
160.00 |
162.00 |
2.00 |
0.49 |
16QDR-901 |
Cerro Condor |
170.00 |
174.00 |
4.00 |
0.36 |
16QDR-908 |
Cerro Condor |
156.00 |
162.00 |
6.00 |
1.60 |
16QDR-911 |
Cerro Condor |
70.00 |
72.00 |
2.00 |
2.47 |
16QDR-913 |
Cerro Condor |
242.00 |
250.00 |
8.00 |
0.95 |
16QDR-914 |
Cerro Condor |
40.00 |
42.00 |
2.00 |
1.95 |
16QDR-936 |
Cerro Condor |
32.00 |
38.00 |
6.00 |
3.42 |
Table 7: Significant assay results from Las Vacas.
Hole Id |
Target |
From (m) |
To (m) |
Length (m) |
Au (g/t) |
16LVR-040 |
Las Vacas |
138.00 |
146.00 |
8.00 |
0.66 |
16LVR-040 |
Las Vacas |
184.00 |
192.00 |
8.00 |
0.65 |
16LVR-042 |
Las Vacas |
204.00 |
206.00 |
2.00 |
2.63 |
16LVR-043 |
Las Vacas |
166.00 |
168.00 |
2.00 |
1.26 |
16LVR-044 |
Las Vacas |
46.00 |
48.00 |
2.00 |
0.88 |
16LVR-044 |
Las Vacas |
58.00 |
60.00 |
2.00 |
0.92 |
16LVR-045 |
Las Vacas |
36.00 |
46.00 |
10.00 |
0.51 |
16LVR-045 |
Las Vacas |
80.00 |
82.00 |
2.00 |
1.00 |
16LVR-045 |
Las Vacas |
148.00 |
154.00 |
6.00 |
0.92 |
16LVR-046 |
Las Vacas |
100.00 |
110.00 |
10.00 |
0.87 |
16LVR-046 |
Las Vacas |
70.00 |
100.00 |
30.00 |
0.25 |
16LVR-046 |
Las Vacas |
202.00 |
214.00 |
12.00 |
0.28 |
16LVR-047 |
Las Vacas |
24.00 |
30.00 |
6.00 |
2.16 |
16LVR-048 |
Las Vacas |
214.00 |
220.00 |
6.00 |
1.46 |
16LVR-050 |
Las Vacas |
30.00 |
32.00 |
2.00 |
24.60 |
16LVR-051 |
Las Vacas |
214.00 |
218.00 |
4.00 |
0.40 |
16LVR-051 |
Las Vacas |
300.00 |
326.00 |
26.00 |
0.29 |
16LVR-052 |
Las Vacas |
24.00 |
28.00 |
4.00 |
0.47 |
16LVR-052 |
Las Vacas |
34.00 |
44.00 |
10.00 |
2.01 |
16LVR-052 |
Las Vacas |
90.00 |
102.00 |
12.00 |
0.33 |
16LVR-052 |
Las Vacas |
130.00 |
134.00 |
4.00 |
0.42 |
16LVR-052 |
Las Vacas |
170.00 |
172.00 |
2.00 |
0.94 |
16LVR-054 |
Las Vacas |
54.00 |
66.00 |
12.00 |
0.43 |
16LVR-056 |
Las Vacas |
70.00 |
88.00 |
18.00 |
0.69 |
16LVR-059 |
Las Vacas |
264.00 |
270.00 |
6.00 |
0.70 |
16LVR-053 |
Las Vacas |
54.00 |
56.00 |
2.00 |
0.96 |
16LVR-053 |
Las Vacas |
74.00 |
112.00 |
38.00 |
0.86 |
Table 8: Select results from the Lissette deposit extension work during 2016.
Lissette |
Hole Id |
From (m) |
To (m) |
Length (m) |
Au (g/t) |
Ag (g/t) |
Zn (%) |
ALH1805 |
0.00 |
1.00 |
1.00 |
2.70 |
1.0 |
0.50 |
ALH1805 |
66.88 |
67.74 |
0.86 |
3.50 |
3.0 |
0.45 |
ALH1805 |
68.6 |
71.75 |
3.15 |
9.20 |
5.0 |
0.75 |
ALH1808 |
1.06 |
1.42 |
0.36 |
2.20 |
4.0 |
1.80 |
ALH1808 |
58.43 |
61.2.0 |
2.77 |
17.50 |
23.0 |
1.60 |
ALH1812 |
0.96 |
1.46 |
0.50 |
7.00 |
14.0 |
5.40 |
ALH1812 |
46.2.0 |
48.12 |
1.92 |
6.80 |
16.0 |
2.30 |
ALH1812 |
63.26 |
63.57 |
0.31 |
2.90 |
2.0 |
0.38 |
ALH1812 |
67.32 |
68.29 |
0.97 |
3.10 |
4.0 |
1.30 |
ALH1812 |
71.77 |
72.25 |
0.48 |
5.30 |
6.0 |
1.17 |
ALH1812 |
74.25 |
74.90 |
0.65 |
6.30 |
4.0 |
0.70 |
ALH1812 |
110.50 |
110.91 |
0.41 |
3.50 |
2.0 |
0.90 |
ALH1815 |
0.00 |
0.77 |
0.77 |
14.70 |
31.0 |
10.15 |
ALH1815 |
25.20 |
25.64 |
0.44 |
2.30 |
2.0 |
1.10 |
ALH1819 |
32.09 |
32.41 |
0.32 |
2.50 |
4.0 |
5.00 |
ALH1819 |
33.79 |
34.35 |
0.56 |
3.10 |
1.0 |
0.57 |
ALH1819 |
79.20 |
79.99 |
0.79 |
3.20 |
2.0 |
0.51 |
ALH1819 |
83.94 |
90.94 |
7.00 |
4.90 |
5.0 |
1.30 |
ALH1819 |
92.94 |
93.94 |
1.00 |
2.60 |
6.0 |
2.78 |
ALH1822 |
11.59 |
11.84 |
0.25 |
6.50 |
10.0 |
9.19 |
ALH1822 |
14.60 |
14.95 |
0.35 |
2.70 |
1.0 |
0.60 |
ALH1822 |
42.11 |
52.07 |
9.96 |
7.60 |
6.0 |
3.50 |
ALH1822 |
67.27 |
68.27 |
1.00 |
4.00 |
3.0 |
1.60 |
Table 9: Select results from the Lorena target received in 2016.
LORENA INTERCEPTS |
Hole Id |
FROM (m) |
TO (m) |
LENGTH (m) |
Au (g/t) |
Ag (g/t) |
Zn (%) |
ALH1768 |
215.40 |
218.38 |
2.98 |
4.30 |
9.0 |
3.61 |
ALH1771 |
241.60 |
242.37 |
0.77 |
4.60 |
75.0 |
5.98 |
246.79 |
249.8 |
3.01 |
1.10 |
69.0 |
0.38 |
260.68 |
263.65 |
2.97 |
1.10 |
5.0 |
0.52 |
285.65 |
286.68 |
1.03 |
1.85 |
4.0 |
2.19 |
289.64 |
291.14 |
1.50 |
1.10 |
4.0 |
3.29 |
293.85 |
295.14 |
1.29 |
4.00 |
8.0 |
3.98 |
314.21 |
317.85 |
3.64 |
8.70 |
50.0 |
1.14 |
445.75 |
447.85 |
2.10 |
3.60 |
4.0 |
0.44 |
ALH1789 |
246.34 |
246.69 |
0.35 |
1.42 |
7.0 |
0.13 |
261.62 |
262.02 |
0.40 |
0.91 |
3.0 |
4.46 |
267.50 |
268.07 |
0.57 |
3.45 |
70.0 |
5.78 |
Table 10: Select Tribuna Este and Tribuna Central assays received during the 2016 drill program.
TRIBUNA ESTE INTERCEPTS |
Hole Id |
From (m) |
To (m) |
Length (m) |
Au (g/t) |
Ag (g/t) |
Zn (%) |
ALH1766 |
284.45 |
285.45 |
1.00 |
2.90 |
1.0 |
0.00 |
ALH1766 |
335.42 |
335.67 |
0.25 |
2.90 |
1.0 |
0.10 |
ALH1764 |
164.54 |
166.00 |
1.46 |
3.30 |
19.0 |
3.20 |
TRIBUNA CENTRAL INTERCEPTS |
Hole Id |
From (m) |
To (m) |
Length (m) |
Au (g/t) |
Ag (g/t) |
Zn (%) |
ALH1769 |
410.30 |
411.15 |
0.85 |
13.80 |
18.0 |
0.10 |
ALH1769 |
418.40 |
418.90 |
0.50 |
3.83 |
2.0 |
0.10 |
ALH1782 |
465.00 |
465.60 |
0.6 |
3.97 |
2.0 |
0.10 |
ALH1800 |
145.89 |
148.89 |
3.00 |
2.70 |
0.7 |
0.00 |
ALH1800 |
149.89 |
150.88 |
0.99 |
11.50 |
2.1 |
0.10 |
ALH1800 |
159.91 |
161.91 |
2.00 |
10.50 |
1.3 |
0.10 |
ALH1800 |
180.10 |
181.40 |
1.30 |
2.10 |
1.3 |
0.10 |
ALH1800 |
182.13 |
182.95 |
0.82 |
2.10 |
0.5 |
0.10 |
ALH1800 |
182.95 |
183.37 |
0.42 |
3.00 |
1.0 |
0.10 |
ALH1800 |
186.00 |
188.23 |
2.23 |
2.80 |
10.0 |
0.40 |
ALH1800 |
190.68 |
191.95 |
1.27 |
2.00 |
103.0 |
5.60 |
ALH1800 |
193.02 |
193.71 |
0.69 |
3.40 |
73.0 |
6.10 |
ALH1800 |
195.80 |
196.40 |
0.60 |
2.10 |
2.0 |
0.50 |
ALH1811 |
40.52 |
41.28 |
0.76 |
17.10 |
21.5 |
5.00 |
ALH1811 |
41.28 |
42.04 |
0.76 |
8.92 |
20.7 |
6.00 |
ALH1811 |
42.04 |
42.80 |
0.76 |
3.14 |
7.4 |
0.90 |
ALH1824 |
25.20 |
25.60 |
0.40 |
0.26 |
1.0 |
0.50 |
ALH1824 |
25.60 |
26.60 |
1.00 |
0.20 |
4.0 |
0.20 |
ALH1824 |
54.51 |
54.77 |
0.26 |
2.07 |
8.0 |
0.30 |
ALH1824 |
171.00 |
171.42 |
0.42 |
1.63 |
1.0 |
0.10 |
ALH1824 |
171.42 |
171.70 |
0.28 |
0.68 |
11.0 |
0.20 |
Table 11: Lists significant drill intercepts recorded from the 2015/16 winter drill program at Monument Bay.
Hole |
From (m) |
To (m) |
Length (m) |
Au (g/t) uncut |
Au (g/t) cut |
TL-16-571 |
65.00 |
66.30 |
1.30 |
14.35 |
14.35 |
TL-16-573 |
41.80 |
57.70 |
15.90 |
3.68 |
3.68 |
incl |
46.00 |
50.00 |
4.00 |
6.18 |
6.18 |
TL16-575 |
153.00 |
156.00 |
3.00 |
5.54 |
5.54 |
|
171.25 |
174.00 |
2.80 |
163.90 |
20.41 |
incl |
171.25 |
171.90 |
0.65 |
691.10 |
73.00 |
|
261.10 |
261.60 |
0.50 |
634.50 |
73.00 |
TL16-577 |
168.25 |
169.25 |
1.00 |
5.72 |
5.72 |
|
173.75 |
174.60 |
0.85 |
7.38 |
7.38 |
TL16-578 |
131.80 |
138.10 |
6.30 |
6.30 |
6.30 |
|
173.40 |
175.85 |
2.50 |
6.04 |
6.04 |
TL-16-579 |
240.45 |
244.00 |
3.60 |
4.57 |
4.57 |
TL-16-580 |
67.20 |
76.90 |
9.70 |
8.26 |
8.26 |
incl |
69.20 |
71.60 |
2.40 |
12.71 |
12.71 |
incl |
75.85 |
76.40 |
0.55 |
18.81 |
18.81 |
TL-16-581 |
178.30 |
184.30 |
6.00 |
16.29 |
16.29 |
TL-16-582 |
282.10 |
283.40 |
1.30 |
7.39 |
7.39 |
TL-16-583 |
193.90 |
198.10 |
4.20 |
4.99 |
4.99 |
|
207.10 |
212.45 |
5.30 |
3.45 |
3.45 |
incl |
212.00 |
212.45 |
0.45 |
15.42 |
15.42 |
|
271.95 |
274.10 |
2.20 |
16.71 |
16.71 |
TL-16-584 |
235.64 |
241.00 |
5.40 |
3.29 |
3.29 |
|
251.00 |
263.18 |
12.18 |
3.89 |
3.89 |
incl |
256.00 |
258.70 |
2.70 |
6.58 |
6.58 |
|
281.47 |
286.80 |
5.30 |
4.45 |
4.45 |
TL-16-585 |
145.30 |
148.70 |
3.40 |
7.49 |
7.49 |
incl |
147.25 |
148.70 |
1.40 |
13.08 |
13.08 |
TL-16-586 |
33.10 |
36.00 |
2.90 |
16.05 |
16.05 |
incl |
34.50 |
36.00 |
1.50 |
28.38 |
28.38 |
TL-16-590 |
53.10 |
61.75 |
8.70 |
7.58 |
7.58 |
incl |
53.10 |
57.60 |
4.50 |
11.97 |
11.97 |
Qualified Persons
William Wulftange, P.Geo., Senior Vice President, Exploration for Yamana Gold Inc. has reviewed and confirmed the
scientific and technical information related to the Chapada, Gualcamayo, Jacobina, and Minera Florida properties contained within
this news release and serves as the Qualified Person as defined in National Instrument 43-101. He has also reviewed and
verified that the technical information related to these properties contained in this news release is accurate.
Mark Hawksworth, P.Geo., Senior Director, Exploration, North America for Yamana Gold Inc. has reviewed and confirmed the
scientific and technical information related to the Monument Bay property contained within this news release and serves as the
Qualified Person as defined in National Instrument 43-101. He has also reviewed and verified that the technical information
related to the property contained in this news release is accurate.
About Yamana
Yamana is a Canadian-based gold producer with significant gold production, gold development stage properties, exploration
properties, and land positions throughout the Americas including Brazil, Argentina, Chile, Mexico and Canada. Yamana plans
to continue to build on this base through existing operating mine expansions, throughput increases, development of new mines, the
advancement of its exploration properties and, at times, by targeting other gold consolidation opportunities with a primary focus
in the Americas.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This news release contains or incorporates by reference "forward-looking
statements" and "forward-looking information" under applicable Canadian securities legislation within the meaning of the United
States Private Securities Litigation Reform Act of 1995. Forward-looking information includes, but is not limited to
information with respect to continued drilling at the Odyssey deposit, the Company's strategy, plans or future financial or
operating performance, the outcome of the legal matters involving the damages assessments and any related enforcement
proceedings. Forward-looking statements are characterized by words such as "plan," "expect", "budget", "target", "project",
"intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or
"will" occur. Forward-looking statements are based on the opinions, assumptions and estimates of management considered
reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other
known and unknown factors that could cause actual events or results to differ materially from those projected in the
forward-looking statements.
These factors include the Company's expectations in connection with the production and exploration, development and expansion
plans at the Company's projects discussed herein being met, the impact of proposed optimizations at the Company's projects, the
impact of the proposed new mining law in Brazil, the new Chilean tax reform package, and the impact of general business and
economic conditions, global liquidity and credit availability on the timing of cash flows and the values of assets and
liabilities based on projected future conditions, fluctuating metal prices (such as gold, copper, silver and zinc), currency
exchange rates (such as the Brazilian real, the Chilean peso, the Argentine peso and the Mexican peso versus the United States
dollar), the impact of inflation, possible variations in ore grade or recovery rates, changes in the Company's hedging program,
changes in accounting policies, changes in Mineral Resources and Mineral Reserves, risks related to asset disposition, risks
related to metal purchase agreements, risks related to acquisitions, changes in project parametres as plans continue to be
refined, changes in project development, construction, production and commissioning time frames, unanticipated costs and
expenses, higher prices for fuel, steel, power, labour and other consumables contributing to higher costs and general risks of
the mining industry, failure of plant, equipment or processes to operate as anticipated, unexpected changes in mine life, final
pricing for concentrate sales, unanticipated results of future studies, seasonality and unanticipated weather changes, costs and
timing of the development of new deposits, success of exploration activities, permitting timelines, government regulation and the
risk of government expropriation or nationalization of mining operations, risks related to relying on local advisors and
consultants in foreign jurisdictions, environmental risks, unanticipated reclamation expenses, risks relating to joint venture
operations, title disputes or claims, limitations on insurance coverage and timing and possible outcome of pending and
outstanding litigation and labour disputes, risks related to enforcing legal rights in foreign jurisdictions, as well as those
risk factors discussed or referred to herein and in the Company's Annual Information Form filed with the securities regulatory
authorities in all provinces of Canada and available at www.sedar.com, and the
Company's Annual Report on Form 40-F filed with the United States Securities and Exchange Commission. Although the
Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from
those described in forward-looking statements, there may be other factors that cause actions, events or results not to be
anticipated, estimated or intended.
There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking
statements if circumstances or management's estimates, assumptions or opinions should change, except as required by applicable
law. The reader is cautioned not to place undue reliance on forward-looking statements. The forward-looking information
contained herein is presented for the purpose of assisting investors in understanding the Company's expected financial and
operational performance and results as at and for the periods ended on the dates presented in the Company's plans and objectives
and may not be appropriate for other purposes.
CAUTIONARY NOTE TO UNITED STATES INVESTORS CONCERNING ESTIMATES OF MEASURED, INDICATED AND INFERRED MINERAL
RESOURCES
This news release uses the terms "Mineral Resource", "Measured Mineral Resource", "Indicated Mineral Resource" and "Inferred
Mineral Resource" are defined in and required to be disclosed by National Instrument 43-101. However, these terms are not
defined terms under Industry Guide 7 and are not permitted to be used in reports and registration statements of United States
companies filed with the Commission. Investors are cautioned not to assume that any part or all of the mineral deposits in
these categories will ever be converted into Mineral Reserves. "Inferred Mineral Resources" have a great amount of
uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed
that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules,
estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, except in rare
cases. Investors are cautioned not to assume that all or any part of an Inferred Mineral Resource exists or is economically
or legally mineable. Disclosure of "contained ounces" in a Mineral Resource is permitted disclosure under Canadian
regulations. In contrast, the Commission only permits U.S. companies to report mineralization that does not constitute
"Mineral Reserves" by Commission standards as in place tonnage and grade without reference to unit measures. Accordingly,
information contained in this news release may not be comparable to similar information made public by U.S. companies
subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and
regulations of the Commission thereunder.