13th Sep 2021 10:24
(Alliance News) - Yamana Gold Inc on Monday reported positive initial drill results at its Wasamac project in the Abitibi-Temiscamingue region of Quebec, Canada.
The Toronto, Canada-based miner said the drilling confirmed the presence of the Wasa Shear zone to the west of the main Wasamac zone and expanding the down-dip continuity of the Wasa Shear in a secondary zone known as Wildcat.
These initial results further align with the objective to sustain 200,000 ounces per year of production at Wasamac and achieve a strategic mine life of more than 15 years, which, in turn, aligns with the potential to increase the company's average annual production in Quebec to 500,000 ounces by 2028 through 2041.
In addition, Yamana reported the discovery of a high-grade gold-copper zone at the Lavra Velha project in Brazil and the expansion of massive sulphide copper, gold, and zinc mineralization over a greater than two-kilometre strike length at the Borborema project, also in Brazil.
Yamana shares were trading 0.4% lower in London on Monday at 308.80 pence each.
By Evelina Grecenko; [email protected]
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