June 19th
Yamana Gold Provides Exploration Update on Gualcamayo, El Penon, Pilar De Goias and Mercedes
YAMANA GOLD INC. (TSX: YRI)(NYSE: AUY)(LSE: YAU) today announced an exploration update for Gualcamayo, El Penon, Pilar de Goias and Mercedes.
GUALCAMAYO, ARGENTINA
Drilling at Gualcamayo continued during the quarter with two underground and two surface diamond drills. The significant results show:
- Potential for expanded size of QDD Lower West deposit
- Improved grades compared to the original resource model
- Added tonnage through increased width of the deposit
In May 2008, results were reported for hole 08QD-516 (110.8 metres of 2.24 g/t Au), which significantly extended the QDD Lower West deposit 175 metres along strike to the northwest. Hole 08QD-515, drilled within this extension, intersected 34.6 metres of 1.35 g/t Au confirming that QDD Lower West is open down dip below 08QD-516. Holes 08QD-520, 08QD-522 and 08QD-523 have confirmed or increased the previously known grades of mineralization and, more importantly, they have significantly increased the thickness of the deposit thereby adding tonnes. Hole 08QD-523 drilled to the west of the QDD Lower West deposit extended the known grade shell to the west.
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Published: 19 June 2008
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Written by Editor
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