Golden Star Announces Mineral Reserve and Mineral Resource Update

TORONTO, March 27, 2018

HIGHLIGHTS

• Proven and Probable Mineral Reserves of 1.7 million ounces of gold
• Measured and Indicated Mineral Resources maintained at 4.4 million ounces of gold
• 8% increase in Inferred Mineral Resources to 3.3 million ounces of gold, primarily through exploration at the Wassa Underground Gold Mine ("Wassa Underground")
• Updated Inferred Mineral Resource estimate expected to be released in the second quarter of 2018 – expected to include 9 drilling results reported previously from Wassa Underground, in addition to 2 holes drilled subsequently

Sam Coetzer, President and Chief Executive Officer of Golden Star, commented:

"In 2018 our focus has turned to growth through exploration, in addition to continued operational delivery.  Our exploration program has the primary objective of gaining a stronger understanding of the Wassa deposit at depth, which remains open down plunge.  We have added Inferred Mineral Resources to this asset and we look forward to releasing an updated estimate in the second quarter of 2018, which will incorporate the remainder of the 2017 drilling.  The secondary objective of our exploration program is the expansion of our high grade Mineral Resources at Prestea Underground and to assess the potential of five new targets to supply high margin ore to our two processing plants.  We look forward to releasing the results of our exploration program throughout the course of the year."

Mineral Reserves and Mineral Resources Summary

The following table provides a summary of Golden Star's estimated Proven and Probable Mineral Reserves, Measured and Indicated Mineral Resources and Inferred Mineral Resources as of December 31, 2017:

	Tonnes ARIVA.DE Börsen-Geflüster Kurse Golden Star Resources -   0,00% ('000)	Grade (g/t Au)	Gold Content ('000 oz)
Proven and Probable Mineral Reserves1	20,668	2.55	1,693
Measured and Indicated Mineral Resources1,2	49,698	2.74	4,371
Inferred Mineral Resources1	25,684	3.98	3,283

Mineral Reserves were estimated using a gold price of $1,250 per ounce. Mineral Resources were estimated using a gold price of $1,450 per ounce.

Mineral Reserve Estimate: Breakdown by Asset

During 2017 Golden Star's Proven and Probable Mineral Reserves decreased by 217,000 ounces, primarily as a result of mining depletion. 

The following table provides a breakdown of Golden Star's estimated Proven and Probable Mineral Reserves as of the dates set forth therein:

Mineral Reserves	Dec 31, 2017 Proven Mineral Reserve			Dec 31, 2017 Probable Mineral Reserve			Dec 31, 2017 Proven and Probable Mineral Reserve			Dec 31, 2016 Proven and Probable Mineral Reserve
	tonnes	grade	ounces	tonnes	grade	ounces	tonnes	grade	ounces	tonnes	grade	ounces
	(000)	g/t Au	(000)	(000)	g/t Au	(000)	(000)	g/t Au	(000)	(000)	g/t Au	(000)
Wassa Open Pit	-	-	-	12,254	1.30	512	12,254	1.30	512	11,264	1.56	565
Wassa Underground	-	-	-	4,899	4.11	647	4,899	4.11	647	5,477	4.21	742
Stockpiles	1,595	0.71	37	-	-	-	1,595	0.71	37	695	0.96	21 Werbung Mehr Nachrichten zur Golden Star Resources Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 13:36 - ARIVA.DE Redaktion MDAX im Plus: Das Kursbarometer klettert um 673 Punkte (26.663 Pkt.) 11:21 - ARIVA.DE Redaktion Minimale Kursveränderung bei Allianz-Aktie (267,30 €) 08:41 - PR Newswire Cohen & Steers Capital Management - Form 8.3 - Tritax Big Box REIT plc Der KI-Boom ist vorbei!    Aber dieser heiße Sektor verspricht, weiter zu wachsen... weiterlesen» Anzeige wo-site-teaser-box-16737_site-teaser-box_2024-04-23_09%253A00%253A00_2024-04-24_09%253A00%253A59