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SEMAFO (TSX: SMF | Quote | Chart | News | PowerRating) today announced its most recent drilling results that include one of the highest grade intercepts recorded to date (WDC99: 6.08 g/t / 27.2 m). The drilling results suggest a significant high grade lode just below the bottom of the planned Wona North pit at the Mana gold mine in Burkina Faso.
As part of the Company's 2009 exploration program at Mana, core drilling is ongoing and intensified with the addition of a third drilling rig on July 20. At the end of July, 31 drill holes were completed representing approximately 11,640 meters. New assays results have been received for holes WDC 93 to WDC 99.
The current drilling program confirms the at-depth NE high-grade extension of Wona. Initial reference was made to this potential mineralization in SEMAFO's press releases dated February 25, March 2, and June 30, 2009 as well as those published March 24, June 17 and August 8, 2008. Results maintain the presence of significant mineralized zones at-depth.
The area herein described is shown on the attached longitudinal section displaying contoured grade-thickness product with hole location.
The following table presents the drilling results including the main mineralization intersected and high-grade values.
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DDH INTERSECTIONS AT-DEPTH
WONA NE EXT.
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DDH NO SECTION INT. ELEVATION FROM TO Au (g/t) / Length*
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WDC93 17150N 5049.9 333.0 340.9 3.1 g/t / 8 m
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included 335.0 337.9 5.8 g/t / 3 m
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WDC93 17150N 5008.3 383.6 389.0 5.6 g/t / 6 m
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WDC94 17200N 5153.3 207.0 237.5 3.7 g/t / 31 m
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included 223.0 235.0 5.6 g/t / 12 m
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WDC95 17200N 5042.9 344.2 359.5 5.5 g/t / 15 m
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WDC96 16200N 5137.7 222.9 229.9 2.1 g/t / 7 m
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WDC97 17000N 5008.6 376.5 404.7 2.7 g/t / 28 m
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included 396.0 402.6 4.7 g/t / 7 m
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WDC98 16750N 5142.1 215.9 229.4 3.5 g/t / 13 m
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WDC98 16750N 5116.1 235.9 271.9 2.9 g/t / 36 m
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WDC99 16754 5215.4 131.8 159.0 6.08 g/t / 27 m
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* All lengths are down-the-hole lengths; additional information is
required to determine true widths.
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The following schematized longitudinal shows the mineralization trend with the past drilling and indicates upcoming programs.
http://files.newswire.ca/357/wona.bmp
The drilling programs were designed and managed locally by Dofinta Bondé, Mana Mineral's Exploration Chief Geologist, supported by Donald Trudel, experienced mine and exploration professional geologist, 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 the Canadian Instrument NI 43-101.
All individual samples represented one-meter length of core drilling which was sawn in half or one-meter length. One-half core is kept on site as a control with the identical sample sent for preparation and gold assaying at the ALS Chemex laboratories in Ouagadougou, Burkina Faso. Each sample was fire assayed for gold content on a 50-gram sub-sample at the same ALS Chemex laboratories. Complementing ALS Chemex's own QA/QC (Quality Assurance/Quality Control) program, an internal quality control and quality assurance program was in place throughout the sampling program, using blind duplicates and recognized industry standards.
As at December 31, 2008, Mana had a total of 908,600 ounces of gold mineral reserves, 1,021,400 ounces of measured and indicated resources and 508,200 ounces of inferred resources.
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 in Burkina Faso, Niger and Guinea. SEMAFO is committed to evolve in a conscientious manner to become a major player in its geographical area of interest, while maintaining principles and strengthening relationships to increase shareholder value.
Forward-looking Statements
This press release may contain forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding the Company's expectations as to the market price of gold, strategic plans, future commercial production, production targets, timetables, mining operating expenses, capital expenditures, and mineral reserve and resource estimates. Forward-looking statements involve known and unknown risks and uncertainties and accordingly, actual results and future events could differ materially from those anticipated in such statements. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include, but are not limited to, fluctuations in the market price of precious metals, mining industry risks, uncertainty as to calculation of mineral reserves and resources, risks related to hedging strategies, risks of delays in construction, requirements of additional financing and other risks described in the Company's documents filed from time to time with Canadian securities regulatory authorities. Although the Company is of the opinion that these forward-looking statements are based on reasonable assumptions, those assumptions may prove to be incorrect. Accordingly, readers should not place undue reliance on forward-looking statements. Readers can find further information with respect to risks in the Company's Annual Information Form and other filings with Canadian securities regulatory authorities available at www.sedar.com. The Company disclaims any obligation to update or revise these forward-looking statements, except as required by applicable law.
SOURCE: SEMAFO INC.
SEMAFO: Benoit La Salle, President & CEO, (514) 744-4408, Toll-Free: 1 (888) 744-4408, blasalle@semafo.com; Jean-Paul Blais, Communications, (514) 744-4408, Toll-Free: 1 (888) 744-4408, jpblais@semafo.com
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