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July 30, 2014
18:00 EDTGSSGolden Star Resources reports drilling results at Wassa gold mine
Golden Star provided an update on exploration activities at its Wassa gold mine in Ghana. 12 holes were drilled over 6,615 meters. Step out drilling continues to delineate wide zones of high grade gold mineralization, including 60.2 m grading 3.4 g/t from 490.1m. Infill and directional drilling continues to confirm high grade zones between existing drill holes. Golden Star CEO Sam Coetzer commented: "The combination of the infill drilling proving up the wider zones of high grade beneath the current Wassa open pit and the success of the step out drilling, which remains open to the south, has shown that this deposit has significant untapped potential."
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March 26, 2015
07:10 EDTGSSGolden Star Resources announces Wassa mine feasibility study results
The Feasibility Study estimates the Wassa Mine will produce an average of 163,000 ounces of gold per annum over its production life with average cash operating costs of $780 per ounce. Internal rate of return of 83% estimated for the Wassa Mine at $1,200 per ounce gold price. Net present value, assuming a 5% discount rate, of $176M estimated for Wassa Mine, at $1,200 per ounce gold price. Total Proven and Probable Mineral Reserves for Wassa Mine as of December 31, 2014 are 24.1 million tonnes at 2.04 grams per tonne of gold for 1.6 million ounces of gold. Total Measured and Indicated Mineral Resources as of December 31, 2014 are 49.5 million tonnes at 2.21 g/t Au for 3.5 million ounces of gold, inclusive of Mineral Reserves. Wassa Underground Mineral Reserves as of December 31, 2014 are 5.4 million tonnes at 4.26 g/t Au for 745,000 ounces of gold. Wassa Open Pit Mineral Reserves, including stockpiles, as of December 31, 2014 are 18.7 million tonnes at 1.39 g/t Au for 834,000 ounces of gold.
07:09 EDTGSSGolden Star Resources reports FY14-end total proven, provable mineral reserves
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