Golden Star Resources Ltd. (USA)(NYSEMKT:GSS) released considerable report from its drilling plan at its Wassa Underground Gold Mine in Ghana. The in-fill drilling plan targeted the premium ‘B’ Shoot zone of Wassa Underground, concentrating on the areas that are projected to be excavated with transverse stoping.
First nine diamond drill report obtained from the ‘B Shoot transverse stope’ drilling 2016 plan. These results validate the premium, wide sections of gold mineralization within the ‘B Shoot transverse stoping’ regions. Mineral resource and mineral reserve update projected to be released in 1Q2017.
Sam Coetzer, the CEO and President of Golden Star, stated that this drilling report continue to confirm the wide sections of premium gold mineralization in the ‘B Shoot’ division. Almost 90% of Wassa Underground’s reserves are intended to be mined through transverse stoping and they project to access the initial transverse stope in 3Q2017. Prominently, the deposit continues open down plunge so they consider there is also considerable exploration upside potential. They anticipate to reporting further drilling report in the next two weeks and offering an update on their exploration strategy in 1H2017.
During 2H2016, Golden Star initiated a 6,800 meter in-fill drilling plan to further outline the first intended transverse stoping regions of the B Shoot zone. The report of the first 9 DD holes of this plan have been obtained and they validate the wide zones of premium gold mineralization in this region.
The drilling plan was advanced to outline the “B Shoot” mineralization in the region of the initial transverse stopes, which are projected to be mined in 3Q2017. So far, the drilling report have confirmed the initially interpreted, wide, premium zones of gold mineralization. The plan will also offer additional info so that detailed schedules and mining plans can be gathered in advance of mining. Also, the drilling is aiming gaps in the current stopes to define whether continuity between premium mineralization exists so more stopes can be planned.