Revenue for the period was down at
An 80,000 metre drilling campaign is currently underway at Amara's Yaoure project following delivery of a "compelling" Preliminary Economic Assessment the first quarter and a
Amara said results of the first 70 diamond drill holes at Yaoure have now been received and that targeting 'information gaps' in the Central zone has confirmed the presence of mineralisation, with a significant proportion of waste expected to be converted to mineralised material, it said. The company has also received the first 35 reverse circulation holes at Yaoure, "confirming high grade nature and strong continuity of CMA zone."
At Yaoure, as of
Amara said results returned by
"The results to date from the Yaoure Central zone confirm that there is ore below the existing pit, which had not previously been drilled due to lack of access caused by water in the pits (the pit has now been de-watered). This increases Amara's confidence in its ability to expand Yaoure's National Instrument 43-101 compliant 6.3 million ounce Mineral Resource," said the company in a statement.
In its half-year report the company said that mining at its Kalsaka/Sega gold mine, based in Burkino Faso, has been completed with the operation put into liquidation as it focuses on the Yaoure gold project in CÔte d'Ivoire moving forward. Amara said this does not represent a material change to the its strategy for Kalsaka/Sega.
Production at the Burkino Faso site came in at 31,030 ounces for the first-half.
"The first half of 2014 has been a transformational period for Amara, with Yaoure now recognised as one of the most exciting gold development projects in
"While mining at Kalsaka/Sega has now been completed, the value within Amara remains intact and we are well-positioned to deliver strong value for our shareholders as we continue to advance Yaoure along the development pipeline," McGloin added.
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