Golden Star Resources has discovered more gold at its Wassa concession in the Western Region
The miner’s Wassa underground mineral resources have increased by 147 percent to 5.2 million ounces, in the B Shoot South and F Shoot South areas. The grade of the mineral resources has increased by 9 percent to 3.6 g/t once , according to the company .
Golden Star is drilling the Wassa South extensions currently and the company expects that Wassa underground’s mineral resources will continue to grow with further step out drilling.
“By more than doubling the inferred mineral resources at Wassa underground, we have begun to demonstrate the compelling potential of this asset in the longer term,” President and CEO of Golden Star, Sam Coetzer noted
“We had believed for some time that Wassa was a larger deposit than previous estimates suggested and as the deposit remains open to the south, we believe that further upside exists still.
“Wassa underground has ramped up well and this operational success forms a solid foundation for the next stage of the mine’s growth. We have under-utilized capacity within Wassa’s processing plant and the southern portion of the deposit represents the potential to ‘fill the mill’ and increase production.
“I am looking forward to commencing the PEA and to exploring further the viability of this strategy,” he continued.
As Golden Star has significant under-utilized capacity in the Wassa processing plant, this additional material could be processed without the need to build any additional processing capacity. Golden Star expects to commence work on the PEA late in the second quarter of 2018 and the company anticipates it will be completed in the third quarter of 2018.
By Adu Koranteng