• Connect with us
  • Information
    • About Us
    • Contact Us
    • Careers
    • Partnerships
    • Advertise With Us
    • Authors
    • Browse Topics
    • Events
    • Disclaimer
    • Privacy Policy
  • NORTH AMERICA EDITION
    Australia
    North America
    World
Login
Investing News NetworkYour trusted source for investing success
  • NORTH AMERICA EDITION
    North America
    Australia
    World
  • My INN
Videos
Companies
Press Releases
Private Placements
SUBSCRIBE
  • Reports & Guides
    • Market Outlook Reports
    • Investing Guides
  • Button
Resource
  • Precious Metals
  • Battery Metals
  • Base Metals
  • Energy
  • Critical Minerals
Tech
Life Science
Gold Market
Gold News
Gold Stocks
Gold Price
  • Gold Market
  • Gold News
  • Gold Stocks
  • Gold Price

Golden Star Reports High Grade in-fill Drilling Results from Wassa Underground Gold Mine

Jocelyn Aspa
Dec. 05, 2016 09:43AM PST
Gold Investing

Golden Star Resources (TSX:GSC) has announced results from its drilling program at the Wassa underground gold mine in Ghana. As quoted in the press release: The in-fill drilling program targeted the high grade B Shoot zone of Wassa Underground, focusing on the areas that are expected to be mined with transverse stoping (the “2016 B …

Golden Star Resources (TSX:GSC) has announced results from its drilling program at the Wassa underground gold mine in Ghana.
As quoted in the press release:

The in-fill drilling program targeted the high grade B Shoot zone of Wassa Underground, focusing on the areas that are expected to be mined with transverse stoping (the “2016 B Shoot transverse stope drilling program”).
HIGHLIGHTS:

  • First nine diamond drill (“DD”) results received from the 2016 B Shoot transverse stope drilling program. Significant intercepts included:
    • 31.7 metres (“m”) grading 23.8 grams per tonne (“g/t”) of gold from 296.8m in hole BS16DD009, including:
      • 6.0m grading 6.7g/t from 296.8m
      • 11.8m grading 40.1g/t from 306.1m
      • 6.0m grading 39.5g/t from 322.5m
    • 8.0m grading 13.9g/t from 57.0m in hole BS16DDD002
    • 18.7m grading 4.25g/t from 322.6m in hole BS16DD004, including:
      • 8.3m grading 8.3g/t from 333.0m
  • These results confirm the high grade, wide zones of gold mineralization within the B Shoot transverse stoping areas
  • Mineral Reserve and Mineral Resource update expected to be announced in the first quarter of 2017

Sam Coetzer, president and CEO, said:

These drilling results continue to confirm the wide zones of high grade gold mineralization in the B Shoot zone.  89% of Wassa Underground’s Mineral Reserves are planned to be mined via transverse stoping and we expect to access the first transverse stope in the third quarter of 2017.  Importantly, the deposit remains open down plunge so we believe there is also significant exploration upside potential.  I look forward to announcing further drilling results during the remainder of 2016 and providing an update on our exploration strategy during the first quarter of 2017.

Click here to read the full press release.

tsx-gsc
The Conversation (0)

Go Deeper

AI Powered

Thor Explorations Announces Q3 2025 Operating Update

Heliostar Metals

Heliostar Announces First Results from 2024 Drilling Program at La Colorada Mine

Latest News

Outlook Reports

Resource
  • Precious Metals
    • Gold
    • Silver
  • Battery Metals
    • Lithium
    • Cobalt
    • Graphite
    • Electric Vehicles
  • Agriculture
  • Base Metals
    • Copper
    • Nickel
    • Zinc
  • Critical Metals
    • Rare Earths
  • Energy
    • Uranium
    • Oil and Gas
Tech
    • Artificial Intelligence
    • Cybersecurity
    • Robotics
    • Crypto
    • Cleantech
Life Science
    • Biotech
    • Cannabis
    • Pharmaceuticals

Featured Stocks

More featured stocks

Browse Companies

Resource
  • Precious Metals
  • Battery Metals
  • Energy
  • Base Metals
  • Critical Metals
Tech
Life Science
MARKETS
COMMODITIES
CURRENCIES