Se­mafo drills 11 m of 6.4 g/t Au at Boun­gou

Stockwatch Daily - - MINES & METALS - Mr. Robert LaVal­liere re­ports

CON­STRUC­TION OF Se­mafo Inc.’s Boun­gou mine in Burk­ina Faso is pro­gress­ing well and is on bud get for com­mis­sion­ing of the open­pit mine in the sec­ond half of 2018.

As at June 30, 2017, the fol­low­ing key com­po­nents had been ad­vanced:

• De­vel­op­ment on sched­ule with $69-mil­lion spent;

• Con­struc­tion of the mine 35 per cent com­plete;

• Con­crete works are pro­gress­ing on the SAG, ver­timill, crusher and surge bin foun­da­tions;

• Erec­tion of the leach and wa­ter tanks has com­menced;

• On-site de­liv­ery of the ver­timill, the first long-lead item;

• Work has com­menced on the power plant and fuel de­pot;

• Wa­ter stor­age fa­cil­ity has been ex­ca­vated and is ready to col­lect 2017 rain­wa­ter;

• Pre­strip min­ing at the Boun­gou deposit has com­menced;

• Con­struc­tion of the re­set­tle­ment vil­lage 65 per cent com­plete;

• 1,540 per­son­nel in­clud­ing con­trac­tors were em­ployed on site, 93 per cent of whom are Burk­in­abe;

• 1.1 mil­lion man-hours have been worked without lost-time in­jury.

A ta­ble avail­able on-line presents the con­struc­tion mile­stones for the Boun­gou mine and the level of com­ple­tion.

To fol­low the con­struc­tion progress, please view the fol-

low­ing link to the Boun­gou mine photo and video gallery on the com­pany’s web­site.

In­fill drill re­sults from West and East Flank sec­tors of Boun­gou

Dur­ing the sec­ond quar­ter of 2017, a to­tal of 23,700 me­tres were drilled in 156 holes, com­plet­ing the in­fill pro­grams (40 m by 40 m hole spac­ing) on the West and East Flank sec­tors, with 49,400 m in 326 holes, of the Boun­gou re­serves pit. Re­sults con­tinue to be in line with the 80 m by 80 m model. The East Flank, al­though much smaller, has a sim­i­lar struc­ture to that of the West Flank.

The geotech­ni­cal drilling pro­gram on the East and West Flanks has also been com­pleted. Sam­ples have been sent to Rock­lab in South Africa to es­tab­lish engi­neer­ing pa­ram­e­ters.

The ta­ble pro­vides the high­lights of the in­fill as­say re­sults re­ceived in the sec­ond quar­ter of 2017.

(See SMF Ta­ble 1 on page 14)

Michel Cre­vier, PGeo, MScA, vice-pres­i­dent of ex­plo­ration and mine ge­ol­ogy, is Se­mafo’s qual­i­fied per­son and has re­viewed this press re­lease for ac­cu­racy and com­pli­ance with Na­tional In­stru­ment 43-101.

About Se­mafo Inc.

Se­mafo is a Cana­dian-based min­ing com­pany with gold pro­duc­tion and ex­plo­ration ac­tiv­i­ties in West Africa. The cor­po­ra­tion op­er­ates the Mana mine in Burk­ina Faso, which in­cludes the high-grade satel­lite deposit of Siou, and is tar­get­ing pro­duc­tion start-up of the Boun­gou mine in the sec­ond half of 2018. Se­mafo’s strate­gic fo­cus is to max­i­mize share­holder value by ef­fec­tively man­ag­ing its ex­ist­ing as­sets as well as pur­su­ing or­ganic and strate­gic growth op­por­tu­ni­ties.

We seek Safe Har­bor.

Ter­ence Fran­cis Bowles, Benoit De­sormeaux, Flore Ago­hie Marie Chan­tal Ko­nan Djedji, Jean La­marre, John LeBoutil­lier, C Gilles Mas­son, Lawrence McBrearty, Ter­tius Zongo

(SMF) Shares: 324,873,703

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