Golden Star Resources Receives Permits for Prestea Development

Golden Star Resources Ltd. (NYSE:GSS,TSX:GSC) announced that it has received environmental and mining permits for the first phase of development for the Prestea underground mine.

As quoted in the press release:

Highlights of the West Reef Preliminary Economic Assessment (PEA)* completed in 2012:

• An Indicated Mineral Resource of 874,000 tonnes grading 18.07 grams per tonne (g/t) for 508,000 ounces of gold, and the deposit is open along strike and down dip;
• An Inferred Mineral Resource of 510,000 tonnes grading 11.58 g/t for 190,000 ounces of gold, and the deposit is open along strike and down dip.

Golden Star`s President and CEO, Sam Coetzer, said:

We are preparing for early production from existing infrastructure and remnant stopes in the Central Shaft area as allowed by these permits. We are also proceeding with a feasibility study on the development of the West Reef area, completion of which is expected in the first half of 2013.

Click here to read the full Golden Star Resources Ltd. (NYSE:GSS,TSX:GSC) press release.