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SEMAFO (TSX: SMF | Quote | Chart | News | PowerRating) today announced its most recent drilling results at the Mana Mine in Burkina Faso. These results underscore the robust nature of a significant high-grade lode located just below the bottom of the Wona north pit. Results include the Company's best ever intercept at Mana, 5.24 g/t over 57.8 m (WDC 133).
The Company's 2009 exploration program at Mana began in April. As of October 21, a total of 29,309 meters of drilling have been completed; drill holes WDC80 up to WDC160. The exploration program remains in progress. Assay results have been received up to hole WDC 146.
The current drilling program confirms the NE at-depth high-grade extension of the Wona zone. Initial reference to this potential mineralization was made in SEMAFO's press release dated March 24, 2008, with further updates released on June 17, June 30, and August 8, 2008, as well as those published February 25, March 2, June 30, August 10, September 10, and October 13, 2009.
Recent drilling results validate the continuity of significant mineralized zones at-depth and further extend the mineralized zones both laterally and at-depth. Hole WDC133 returned the best ever grade times width product, with 5.24 g/t over 57.8 m for a product of 302.8 g-m. This intersection represents a swell in the main lode. In addition to the many infill confirmations, results from hole WDC138 suggest that the main lode continues an up plunge of the high-grade mineralization at the bottom NE end of the Wona main pit. Hole WDC140 slightly extends the mineralization vertically above the main lode.
The following table presents the drill results including the main mineralized intersections and high-grade values.
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DDH Intersections At-Depth
Wona NE Extension
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DDH No. Section East From To Au / Length*
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WDC132 17900 Outside corridor
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WDC133 17050 336 393.8 5.24 g/t / 57.8 m
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Included 17050 349.4 366 10.21 g/t / 16.6 m
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WDC138 16650 183 210.4 7.05 g/t / 27.4 m
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WDC139 16825 304 347.8 2.44 g/t / 43.8 m
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WDC140 16900 138.7 160.2 3.90 g/t / 21.5 m
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WDC141 16650 258 271 3.32 g/t / 13.0 m
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WDC142 17400 Assays pending
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WDC143 16875 Assays pending
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WDC144 16550 248.4 267.4 2.55 g/t / 19.0 m
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Included 16650 257.2 263.4 3.77 g/t / 6.2 m
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WDC145 16875 261 308.2 3.29 g/t / 47.2 m
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Included 16875 292.1 298.3 9.75 g/t / 6.2 m
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WDC146 16975 332.7 378.2 2.33 g/t / 45.5 m
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Included 16975 344.8 359.8 4.09 g/t / 15.0 m
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* All lengths are measured along the hole axis; additional information
is required to determine true widths.
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http://files.newswire.ca/357/WonaNorth.doc
The drill holes described above are presented on the attached longitudinal section displaying contoured grade-thickness product. The longitudinal schematic shows the mineralization trend along with previously reported drill holes and upcoming targets to be tested.
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 National Instrument 43-101.
All individual samples represent approximately one-meter in length of core which was sawn in half. Half of the core is kept on site for reference and its counterpart 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 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.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This press release may contain 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. Forward-looking statements include words such as "in progress", "pending", "current", "potential", "suggest", "continues", "trend", "upcoming", "targets", "committed", "evolve", "become", "maintaining", "strengthening", "increase" and other similar expressions. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include our ability to continue or complete our 2009 exploration program at Mana, the accuracy of the results from hole WDC138 suggesting that the main lode continues an up plunge of the high-grade mineralization at the bottom of NE end of the Wona main pit, mining industry risks, uncertainty as to calculation of mineral reserves and resources, delays and other risks described in the Company's documents filed with Canadian securities regulatory authorities. Although the Company is of the opinion that these forward-looking statements are based on reasonable assumptions, such 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 2008 Annual MD&A, as updated in the 2009 First Quarter MD&A and 2009 Second Quarter MD&A, 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; Sofia St Laurent, Communications, (514) 744-4408, Toll-Free: 1 (888) 744-4408, sstlaurent@semafo.com
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