Brazilian gold producing company Yamana Gold Inc. announced its results of recent exploration
Brazilian gold producing company Yamana Gold Inc. announced its results of recent exploration works at Fazenda Brasiliero. 79,600 ounces of gold added to reserves through exploration efforts since acquisition, 40% more than the 57,000 ounces mined.
More than 80% of infill drill holes mineralized and one-third demonstrate high grades - supports continudwed high conversion of resource to reserves.
Regional exploration is starting at Serra Branca, Sapateira, and Encantado: assays from first trench at Serra Branca show 6 meters at 1.66 g/t (including 1 meter at 6.1 g/t) and 7 meters of 1.77 g/t (including 1 meter at 10.0 g/t). A second trench 200m away shows 5 meters at 8.45 g/t (including 1 meter at 32.15g/t)
Yamana Gold Inc. is pleased to report that an independent year-end audit of reserves and resources at its Fazenda Brasileiro mine has been completed. Conclusions include that reserves have been replaced as rapidly as they have been mined.