Friday, 11 January 2013

Amara Mining files Baomahun resource update


Amara Mining (LON:AMA, TSE: AMZ) said the technical report outlining the increase of indicated gold resource at the Baomahun project to 2.24 million ounces was filed yesterday (Jan 3).
It comes after the gold miner in November last year announced the resource update for the project in Sierra Leone
The rise in indicated resources was due to the addition of material from a low grade halo found around a high grade core - the resource now stands at 38.4 million tonnes at 2.6 grams per tonne (g/t).
Baomahun’s high grade core deposit remains at 23 million tonnes at 2.6 g/t for 1.92 million ounces of indicated gold resources.
Baomahun is being advanced through a feasibility study which is due in the first half of next year.
This puts the project on track for first gold production in 2015.
Amara has a producing gold mine - Kalsaka - in Burkina Faso, is developing Baomahun and also controls the Yaoure project in Ivory Coast.

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