SEMAFO Intersects 7.83 g/t Gold Over 13 Meters on Kona at Mana
New Exploration Permit Extends Structural Corridor to 115 Kilometers
SEMAFO TSX-SMF
MONTREAL, May 4 /CNW Telbec/ - SEMAFO (TSX: SMF) today provided an update on the reverse circulation ("RC") drilling currently underway on the Kona Zone at the Mana property in Burkina Faso. Results to date confirm the continuity of the Kona mineralization from the Wona NE1 reserves pit for more than one kilometer, which remains open on strike and at depth.
SEMAFO is also pleased to announce receipt of a new exploration permit, called Saoura, at Mana in Burkina Faso. This additional land, adjacent to SEMAFO's Massala permit, covers 247.5 km2 and takes our total footprint over the Hounde belt to 1,880 km2. The Saoura land provides for a potential extension of the Oula aeromagnetic anomaly (Figure 1), increasing our position on the structural corridor from 90 kilometers to 115 kilometers.
Kona Reverse Circulation Drilling Results
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During the first quarter, we completed the initial phase of exploration drilling on Kona (SEMAFO's press release dated April 20, 2010). The Kona Zone was discovered late in 2009 (SEMAFO's press release dated January 25, 2010). A first delineation RC drilling program was carried out in March and April, 2010 using a 100-meter by 50-meter spacing grid. Drilling was performed mainly over the first 100 meters of depth and up to coordinate 19100 N. We drilled 21 holes (2,727 meters) throughout the zone and 17 holes in surrounding areas to explore other potential structures for a total of 38 holes (5,310 meters). The Kona Zone is continuous, but presents some complex curves and some local parallel sub-structures that may increase the ore potential. Kona hosts significant grade-thickness results, suggesting the addition of over one kilometer of open pit ore as demonstrated on figure 2. Moreover, although the mineralization weakens around 19000 N, it resumes at 19100 N, as demonstrated by hole MRC10-026, and remains open toward the Zina Blé area, which is presently undergoing auger and RC drilling. The Kona Zone potential at depth remains open. RC in-fill drilling at Kona will be scheduled prior to year-end with the objective of adding new surface mining reserves.
Kona Zone Reverse Circulation Intersections
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DDH No. Zone Section From To Au / Length*
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MRC10-001 Kona 18100 114 123 1.59 g/t / 9 m
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MRC10-003 Kona 18200 80 91 2.41 g/t / 11 m
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MRC10-004 Kona 18200 169 181 2.41 g/t / 12 m
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MRC10-004 Unknown 18200 158 161 2.89 g/t / 3 m
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MRC10-004 Unknown 18200 198 201 5.29 g/t / 3 m
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MRC10-006 Kona 18300 71 76 3.39 g/t / 5 m
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MRC10-008 Kona 18400 39 72 2.29 g/t / 33 m
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MRC10-009 Kona 18400 162 172 2.12 g/t / 10 m
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MRC10-014 Kona 18500 23 34 2.08 g/t / 11 m
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MRC10-015 Kona 18500 137 144 2.55 g/t / 7 m
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MRC10-016 Kona 18600 52 54 2.02 g/t / 2 m
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MRC10-017 Kona 18600 127 135 1.05 g/t / 8 m
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MRC10-018 Kona 18700 64 77 7.83 g/t / 13 m
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MRC10-020 Kona 18800 18 22 1.45 g/t / 4 m
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MRC10-022 Kona 18900 21 26 0.48 g/t / 5 m
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MRC10-023 Kona 18900 156 158 1.25 g/t / 2 m
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MRC10-024 Kona 19000 48 50 0.33 g/t / 2 m
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MRC10-025 Kona 19000 124 131 0.18 g/t / 7 m
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MRC10-026 Kona 19100 71 73 3.84 g/t / 2 m
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MRC10-027 Kona 18300 36 37 Tr.
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MRC10-035 Kona 18700 23 35 6.56 g/t / 12 m
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MRC10-036 Kona 18700 114 131 2.83 g/t / 17 m
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* All lengths are measured along the hole axis; additional information
is required to determine true widths.
Unknown zones are parallel zones that do not appear on the attached longitudinal section (Figure 2). Further investigation of these zones is underway.
The exploration programs were designed and managed locally by Dofinta Bondé and David Lalonde, Mana Mineral's Exploration Chief Geologists and Richard Roy, P.Geo, Deputy Geology Manager, and guided 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 compliance with National Instrument 43-101.
All individual samples represent approximately one meter of drilling, split in half for cores and riffled split to obtain one-kilogram samples of RC drill cuttings. A one-kilogram RC sample is kept on site as a control and an equivalent sized sample is sent for preparation and gold assaying at ALS Chemex laboratories in Ouagadougou, Burkina Faso. Each sample is fire assayed for gold content on a 50-gram pulp sub-sample at the same ALS Chemex laboratory. In addition to ALS Chemex's quality assurance/quality control ("QA/QC") program, an internal QA/QC program is in place throughout the sampling program, using blind duplicates, blanks and recognized industry standards.
About SEMAFO
SEMAFO is a Canadian-based mining company with gold production and exploration activities in West Africa. The Company currently operates three gold mines: the Mana Mine in Burkina Faso, the Samira Hill Mine in Niger and the Kiniero Mine in Guinea. SEMAFO is committed to evolve in a conscientious manner to become a major player in its geographical area of interest. SEMAFO's strategic focus is to maximize shareholder value by effectively managing its existing assets as well as pursuing organic and strategic growth opportunities in West Africa.
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 "may", "expectation", "objective", "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 ability to increase the ore potential in the Kona Zone, the ability to complete our RC in-fill drilling program and to add new surface mining reserves by year-end, the ability to find organic and strategic growth opportunities in West Africa, fluctuation in the price of currencies, gold or operating costs, mining industry risks, uncertainty as to calculation of mineral reserves and resources, delays, political and social stability in Africa (including our ability to maintain or renew licenses and permits) and other risks described in SEMAFO's documents filed with Canadian securities regulatory authorities. You can find further information with respect to these and other risks in SEMAFO's 2009 Annual MD&A and other filings made with Canadian securities regulatory authorities and available at www.sedar.com. These documents are also available on our website at www.semafo.com. SEMAFO disclaims any obligation to update or revise these forward-looking statements, except as required by applicable law.
http://files.newswire.ca/867/SemafoKonaMay04.doc
For further information: Benoit La Salle, President & CEO, SEMAFO, (514) 744-4408, Toll-Free: 1 (888) 744-4408, [email protected]; Sofia St Laurent, Communications, SEMAFO, (514) 744-4408, Toll-Free: 1 (888) 744-4408, [email protected]
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