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"This work has identified new zones that could lead to new high grade oxide deposits mineable by open pit," said
The Fofina NW and Fobiri blocks are located northwest and south of the Nyafé Deposit respectively (Figure 1). The Fofina NW block covers a series of parallel geophysical lineaments similar to the Nyafé Deposit, while the Fobiri Block covers the southwest extension of the magnetic lineament associated with the Nyafé deposit over a distance of 8km (Figure 2). Two auger rigs are currently on site with drilling being carried out on both blocks. The program currently underway consists of drilling vertical holes along a specific grid to the saprolite, which represents the altered in-situ rock. Two samples are taken in each hole; one from the saprolite/laterite interface, and a second from the saprolite two metres below the interface. Both blocks have produced linear anomalies parallel to the Nyafé structure. The Fofina NW grid is approximately 95% complete and, thus far three different southwest-trending anomalies measuring up to 1.4 km (anomaly FNW1) have been recognized. Anomaly FNW1 also follows a linear magnetic signature. Additional lines to the southwest have been added to establish the continuity of anomaly FNW3. At Fobiri, 30% of the grid has been completed to date. Anomaly FOB1 can be recognized across the entire grid (1.6km) and is coincident with the southwest extension of the Nyafé magnetic lineament. Auger drilling sample description indicates the presence of quartz fragments suggesting that the FOB2 anomaly could be a vein-type structure similar to the high grade Nyafé Deposit.
Based on these results, a follow-up RC drilling program has been scheduled. Two additional auger rigs are expected to commence drilling on the Mana property within the next few weeks to sample other priority blocks located immediately to the southwest and northeast of the Wona Deposit.
SEMAFO has approved an initial investment of
The exploration programs were designed and managed locally by Dofinta Bondé, Mana Mineral's Exploration Chief Geologist and
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About SEMAFO
SEMAFO is a Canadian-based mining company with gold production and exploration activities in West
Caution Concerning Forward-looking Statements
This press release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results and future events could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements include words or expressions such as "in addition", "expected", "probe", "will", "trend", "potential", "further", "continue", "trend", "potential", "committed", "evolve", "become" "pursuing", growth" and other similar words or expressions. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include the timing of the arrival of the second more powerful diamond drill rig and its ability to probe the deeper extension of the
For further information: For further information: SEMAFO: Benoit La Salle, President & CEO, (514) 744-4408, Toll-Free: 1-888-744-4408, [email protected]; Sofia St Laurent, Communications, (514) 744-4408, Toll-Free: 1-888-744-4408, [email protected]
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