Semafo reports definition drilling results on Mana Nyafe deposit



    SEMAFO TSX-SMF

    MONTREAL, Nov. 20 /CNW Telbec/ - SEMAFO (TSX - SMF) today announced
definition drilling results for the Mana Gold project, Burkina Faso.
    Located within the Houndé volcano-sedimentary belt, which is known for
its gold mineralization potential, the Mana gold project currently holds two
important gold deposits, namely the Wona and Nyafe deposits, both deposits are
hosted in a volcano-sedimentary belt extending in a north-east direction.
Specifically, the Wona deposit sits essentially in meta-sediments consisting
of large mineralization, where as the Nyafe deposit is composed of high-grade,
narrow structures hosted in sheared volcanic rocks.
    Over the past months, definition drilling programs have been carried out
at Nyafe, and have confirmed ore already identified in previous works. The
2007 RC drilling program objective has been the formal definition of the
entire deposit, according to guidelines of the 43-101 Standard. This follows
up on core drilling carried out in late 2006 in order to enhance the level of
geological understanding of the Nyafe ore body. Both core and RC drilling was
executed by Boart Longyear. Works to identify more lenses of the Nyafe
structure is under way.
    RC drilling to date on the Nyafe deposit amounts to 238 holes, most of
which have intersected economic gold mineralization, Results feature widths
varying up to 14m and gold grade up to 23g/t. Highlights of these works are
presented in the table below. The results will be incorporated into the next
update of gold reserves to be prepared during the first quarter of 2008.
(Complete table of mineralized intersections is available on our web site at
www.semafo.com .)

    
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                     TABLE OF MINERALIZED INTERSECTIONS
                             NYAFE GOLD DEPOSIT
    -------------------------------------------------------------------------
    Hole No.   Section (N)    From (m)   To (m)  Length (m)  Au (g/t)
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    NPG03        25,187.5        51       59         8         9.9
    -------------------------------------------------------------------------
    NPG05        25,187.5        38       48        10         7.7
    -------------------------------------------------------------------------
    NPG07        25,162.5        10       24        14         8.5
    -------------------------------------------------------------------------
    NPG13        25,162.5        39       47         8         9.6
    -------------------------------------------------------------------------
    NPG14        25,162.5        49       56         7        10.3
    -------------------------------------------------------------------------
    NPG16        25,112.5        27       35         8        13.2
    -------------------------------------------------------------------------
    NPG39        24,937.5        41       49         8        15.9
    -------------------------------------------------------------------------
    NPG48        24,887.5        30       37         7        13.0
    -------------------------------------------------------------------------
    NPG66        24,862.5        30       40        10        10.8
    -------------------------------------------------------------------------
    NPG78        24,787.5         0        5         5        13.9
    -------------------------------------------------------------------------
    NPG91        25,187.5        26       36        10        15.9
    -------------------------------------------------------------------------
    NPG92        25,187.5        19       27         8         9.5
    -------------------------------------------------------------------------
    NPG94        25,225.0        41       48         7        10.8
    -------------------------------------------------------------------------
    NPG113       24,662.5        55       60         5        14.6
    -------------------------------------------------------------------------
    NPG128       24,375.0        57       67        10        14.6
    -------------------------------------------------------------------------
    NPG131       24,337.5        44       60        16         8.1
    -------------------------------------------------------------------------
    NPG146       25,137.5        38       48        10        10.7
    -------------------------------------------------------------------------
    NPG170       24,012.5        27       33         6        21.2
    -------------------------------------------------------------------------
    NPG172       24,012.5        60       65         5        13.3
    -------------------------------------------------------------------------
    NPG184       23,900.0         5       16        11        13.9
    -------------------------------------------------------------------------
    NPG186       23,900.0        35       43         8         9.5
    -------------------------------------------------------------------------
    NPG187       23,900.0        64       72         8        16.4
    -------------------------------------------------------------------------
    NPG239       23,262.0        25       33         8         9.1
    -------------------------------------------------------------------------
    NPG265       23,162.5        30       45        15        10.3
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Note:   The table above summarizes intercepts based on a minimum of three
            meters grading three grams per tonne.

            All lengths are downhole lengths; additional information is
            required to determine true widths.
    

    The drilling programs were designed and managed locally by François
Sawadogo, Semafo Burkina Faso's Mine Chief Geologist and reviewed and
supervised under the direction of Michel Crevier P.Geo MScA, Geology Manager
and Semafo's Qualified Person who has reviewed this press release for accuracy
and compliancy with the Canadian National Instrument Standard 43-101.
    All individual drilling samples represent one-meter of drilling which
were split in half for cores and RC drill cuttings riffled spit to end to 1kg
samples. One half core or a 1kg RC sample was kept on site as a control and an
equivalent sized sample was then sent for preparation and gold assaying at the
Abilab laboratories in Ouagadougou, Burkina Faso. Each sample was fire assayed
for gold content on a 50-gram pulp sub-sample at the same Abilab laboratories.
Complementing Abilab's own QA/QC (Quality Assurance / Quality Control)
program, a QA/QC program was in place throughout the sampling program, using
blind duplicates and recognized industry standards.

    The common shares of Semafo are traded on The Toronto Stock Exchange
under the symbol "SMF".

    About SEMAFO

    Semafo is a Canadian-based mining company with gold production and
exploration activities located in West Africa. The Company currently operates
two gold mines with a third, the Mana mine in Burkina Faso, in the latter
stages of construction. Semafo is committed to evolve in a conscientious
manner to become a major player in its geographical area of interest, while
maintaining values and strengthening relationships to increase shareholder
value.

    FORWARD-LOOKING STATEMENTS

    This press release may contain forward-looking statements. These
forward-looking statements include, but are not limited to, statements
regarding expectations of the Company as to the market price of gold,
strategic plans, future commercial production, production targets, timetables,
mining operating expenses, capital expenditures, and mineral reserve and
resource estimates. Forward-looking statements involve known and unknown risks
and uncertainties and accordingly, actual results and future events could
differ materially from those anticipated in such statements. Factors that
could cause future results or events to differ materially from current
expectations expressed or implied by the forward-looking statements include,
but are not limited to, fluctuations in the market price of precious metals,
mining industry risks, uncertainty as to calculation of mineral reserves and
resources, risks related to hedging strategies, risks of delays in
construction, requirements of additional financing and other risks described
in the Company's documents filed from time to time with Canadian securities
regulatory authorities. Although the Company is of the opinion that these
forward-looking statements are based on reasonable assumptions, those
assumptions may prove to be incorrect. Accordingly, readers should not place
undue reliance on forward-looking statements. Readers can find further
information with respect to risks in the Annual Information Form of the
Company and other filings of the Company with Canadian securities regulatory
authorities available at www.sedar.com. The Company disclaims any obligation
to update or revise these forward-looking statements, except as required by
applicable law.




For further information:

For further information: SEMAFO: Benoit La Salle, President & CEO, (514)
744-4408, blasalle@semafo.com; Renmark: Tina Cameron:
tcameron@renmarkfinancial.com; Eric St-Pierre: estpierre@renmarkfinancial.com,
(514) 939-3989, Fax: (514) 939-3717; www.renmarkfinancial.com

Organization Profile

SEMAFO INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890