Boungou Project

At Boungou, the 2017 budget of $15 million includes a provision of $8.5 million for an infill drill program designed to convert current inferred resources on the West and East Flank Sectors into the indicated category and $1.3 million, which has been earmarked for completing studies in order to evaluate a potential underground operation. The remainder of the program involves exploration drilling on both proximal and contiguous permits to the Boungou deposit.

2017 Priorities

In 2017, we plan:

  • To drill up the West Flank Sector, located immediately to the southwest of the open-pit deposit, in the first half of 2017 in order to convert the inferred resources into the indicated category; and
  • To evaluate the potential for an underground operation
West Flank operations map

West and East Flank Sectors

Data compilation and resource estimation of the West and East Flanks is underway to support the pre-feasibility study that is scheduled for completion in the first quarter of 2018.

Regional Exploration

In the third quarter, a total of 600 meters was drilled in 4 reverse-circulation (RC) holes on the Boungou permit in order to test an auger anomaly located in the southwest part of the 045 Trend. Drilling subsequently slowed down due to the rainy season, and an exploration RC drilling program resumed in October, testing auger targets. A total of 15,000 meters of RC drilling will be carried out in the second half of the year, 5,000 meters of which on the Dangou permit, 4,000 meters on the Boungou permit and 3,000 meters on the Pambourou permit (see Figure 1).

During the rainy season, the exploration team completed a soil sampling program (680 samples) covering the southern part of the property along the 045 Trend.

Figure 1 – Regional Exploration at Boungou