SEMAFO: Infill Drilling Confirms High-Grade Mineralization at Mana's
Kona Zone
Results Include 6.18 g/t Au over 18 Meters
Montreal, Quebec, October 27, 2011, 09:25 EST - SEMAFO Inc. (TSX, OMX:
SMF) today announced results from the reverse circulation (“RC”) infill
drilling over the Kona open pit area, which confirms the distribution of
the mineralization. Results also outline zones of higher grade
mineralization as revealed by holes MRC11-367, which returned 6.18 g/t
Au (6.61 g/t Au uncut) over 18 meters, MRC11-360 with 3.46 g/t Au over
29 meters and hole MRC11-373 returning 4.0 g/t Au (4.65 g/t Au uncut)
over 14 meters.
Kona RC drill result highlights are listed in the table below and
illustrated on figure 1.
Kona Zone Highlights
DDH No.*** Zone Section (N) From To Au* / Length**
MRC11-312 Kona 18525 24.0 38.0 1.76 g/t / 14.0 m
MRC11-317 Parallel 18575 34.0 43.0 1.91 g/t / 9.0 m
MRC11-318 Parallel 18625 161.0 166.0 2.78 g/t / 5.0 m
MRC11-319 Kona 18625 106.0 121.0 4.13 g/t / 15.0 m
MRC11-360 Kona 18625 69.0 98.0 3.46 g/t / 29.0 m
MRC11-361 Kona 18625 50.0 73.0 3.85 g/t / 23.0 m
(3.87 g/t uncut)
MRC11-362 Parallel 18625 35.0 47.0 1.69 g/t / 12.0 m
MRC11-363 Kona 18675 135.0 142.0 2.28 g/t / 7.0 m
MRC11-363 Parallel 18675 104.0 105.0 15.00 g/t / 1.0 m
(36.80 g/t uncut)
MRC11-364 Kona 18675 108.0 124.0 2.30 g/t / 16.0 m
MRC11-365 Kona 18675 71.0 84.0 4.00 g/t / 13.0 m
MRC11-366 Kona 18675 44.0 56.0 7.31 g/t / 12.0 m
(9.83 g/t uncut)
MRC11-367 Kona 18675 8.0 26.0 6.18 g/t / 18.0 m
(6.61 g/t uncut)
MRC11-368 Kona 18725 130.0 144.0 7.82 g/t / 14.0 m
MRC11-369 Kona 18725 108.0 141.0 2.18 g/t / 33.0 m
MRC11-370 Kona 18725 74.0 94.0 3.67 g/t / 20.0 m
MRC11-371 Kona 18725 45.0 64.0 5.84 g/t / 19.0 m
MRC11-372 Kona 18725 21.0 31.0 1.21 g/t / 10.0 m
MRC11-373 Kona 18775 128.0 142.0 4.00 g/t / 14.0 m
(4.65 g/t uncut)
MRC11-374 Kona 18775 113.0 144.0 2.64 g/t / 31.0 m
MRC11-392 Kona 17900 23.0 36.0 1.54 g/t / 13.0 m
MRC11-393 Parallel 17900 20.0 24.0 3.12 g/t / 4.0 m
MRC11-395 Parallel 17925 42.0 45.0 3.66 g/t / 3.0 m
MRC11-396 Kona 17925 25.0 38.0 2.90 g/t / 13.0 m
MRC11-397 Kona 17925 6.0 19.0 1.64 g/t / 13.0 m
MRC11-398 Kona 17950 119.0 120.0 15.00 g/t / 1.0 m
(53.10 g/t uncut)
MRC11-440 Kona 17950 43.0 51.0 6.11 g/t / 8.0 m
(7.80 g/t uncut)
MRC11-441 Kona 17950 17.0 33.0 2.12 g/t / 16.0 m
MRC11-442 Parallel 17975 123.0 125.0 6.80 g/t / 2.0 m
MRC11-443 Parallel 17975 74.0 91.0 1.50 g/t / 17.0 m
MRC11-444 Kona 17975 72.0 80.0 1.59 g/t / 8.0 m
MRC11-445 Kona 17975 23.0 51.0 1.16 g/t / 28.0 m
MRC11-446 Kona 17975 6.0 20.0 2.98 g/t / 14.0 m
* All individual samples are cut at 15 g/t as per Wona Deposit
procedures.
** All lengths are measured along the hole axis; additional information
is required to determine true widths.
*** MRC11-320 to MRC11-359 and MRC11-400 to MRC11-439 were not drilled
on Kona area.
Results from the RC infill drilling on the Kona open-pit area are
concordant with the current magnitude of reserves and resources, with a
potential slight gain in the northern area.
The exploration programs were designed and managed locally by Dofinta
Bondé and David Legault, Mana Mineral's Exploration Chief Geologists,
David Lalonde, Deputy Exploration Manager, and Richard Roy P Geo,
Exploration Manager, and guided and supervised under the direction of
Michel Crevier, P.Geo MScA, Vice-President, Exploration and Mine Geology
and SEMAFO's Qualified Person who has reviewed this press release for
accuracy and compliance with National Instrument 43-101.
All individual RC samples represent approximately one-meter in length of
rock chips homogenized and riffle-split to an approximately 2-kilogram
sub-sample, which is sent for preparation and gold assaying at the ALS
Chemex laboratories in Ouagadougou, Burkina Faso. Each sample is
fire-assayed for gold content on a 50-gram sub-sample at the same ALS
Chemex laboratories. In addition to ALS Chemex's own QA/QC (Quality
Assurance/Quality Control) program, an internal quality control and
quality assurance 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 Corporation 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.
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 “committed”, “evolve”, “become”, “focus”, “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 execute on our strategic focus, 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 2010 Annual MD&A and 2010 Annual Information Form, as updated
in SEMAFO's 2011 First Quarter MD&A and 2011 Second Quarter 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 (http://www.semafo.com). SEMAFO disclaims any
obligation to update or revise these forward-looking statements, except
as required by applicable law.
For more information contact:
SEMAFO Maria Bang
Sofia St Laurent Brunswick Group
Stockholm
Communications Tel: +46 (8) 410
32 189
Tel: +1 (514) 744 4408 Email:
mbang@brunswickgroup.com (mbang@brunswickgroup.com)
North America Toll-Free: 1 (888) 744 4408
Email: sstlaurent@semafo.com (sstlaurent@semafo.com)
Website: www.semafo.com (http://www.semafo.com/)
SEMAFO: Infill Drilling Confirms High-Grade Mineralization at Mana's Kona Zone
| Quelle: Semafo Inc.
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