TIDMAUY
RNS Number : 9095K
Yamana Gold Inc.
07 September 2021
YAMANA GOLD REPORTS POSITIVE EXPLORATION RESULTS AT ITS
PRODUCING MINES; NEW ZONES AND TARGETS IDENTIFIED AT ALL OPERATIONS
WITH THE POTENTIAL TO SIGNIFICANTLY EXPAND THE MINERAL RESOURCE
BASE AND INCREASE MINE LIFE; EAST GOULDIE RESULTS HIGHLIGHT
CONTINUITY AND SCALE OF THE ZONE
Download a PDF of detailed drill hole results for Minera
Florida
Download a PDF of detailed drill hole results for Cerro Moro
Download a PDF of detailed drill hole results for El Peñón
Download a PDF of detailed drill hole results for Canadian
Malartic
TORONTO, ONTARIO, September 7, 2021 -- YAMANA GOLD INC.
(TSX:YRI; NYSE:AUY; LSE:AUY) ("Yamana" or "the Company") today
provided an exploration update for the Minera Florida, Cerro Moro,
El Pe ñó n and Canadian Malartic mines. Exploration results for the
Jacobina mine were announced on July 29, 2021, and for more
information, please see the press release titled 'Yamana Gold
Reports Significant Progress on Phase 2 Expansion at Jacobina and
Strong Exploration Results for the Operation', available at
www.yamana.com . The exploration program at the Company's Wasamac
project has commenced, with plans for 120,000 metres of drilling
for 2021 and 2022, including infill drilling of least 68,000 metres
to better delineate areas expected to be developed in the first
three years of production and 10,000 metres of drilling on the
broader Wasamac property, along with drilling on the adjacent
Francoeur projects. An update on the Company's generative
exploration program that will include initial exploration results
at Wasamac will be provided before the end of the month.
The Company's exploration program continues to generate
promising new discoveries, indicating excellent potential to add
new mineral reserves and mineral resources, consistent with the
corporate strategy of extending mine life through depletion
replacement on an annual basis. In addition, the commitment to
near-mine exploration has defined significant new mineralized zones
not currently in life of mine plans. Furthermore, drilling results
to date support continuous production at current or higher
production levels for at least the 10-year period outlined in the
Company's previously provided outlook with such production not
dependent on exploration successes and, in most cases, between
existing mineral inventories and exploration results to date, mine
lives at all of the Company's operations are supported for well in
excess of that 10-year production outlook period.
Exploration Highlights, Minera Florida
-- Drilling in key production sectors of the mine, most notably
Don Leopoldo and Fantasma, continues to expand mineralization along
strike and down dip. Targets remain open in both directions,
underscoring the potential for expansion of the mineral envelope in
both sectors. At Don Leopoldo, positive drilling results were
obtained in areas that remain open for further growth along strike
and down dip.
o Highlights include the following estimated true width
intercepts: 7.56 grams per tonne ("g/t") of gold, 22.5 g/t of
silver, and 1.24% of zinc over 5.99 metres (ALH3262); 6.82 g/t of
gold, 13.4 g/t of silver and 1.29% of zinc over 3.02 metres
(ALH3253).
-- At Fantasma, positive drilling results were obtained from the
northwestern sector of the vein, defining two parallel horizontal
high-grade shoots.
o Highlights include the following estimated true width
intercepts: 9.33 g/t of gold, 15.3 g/t of silver and 1.20% of zinc
over 2.08 metres (ALH3239); 11.16 g/t of gold, 22.9 g/t of silver
and 1.32% of zinc over 2.65 metres (ALH 3289).
-- Exploratory drilling at Minera Florida has generated new
discoveries in the core mine area, including VNC and Juan Pablo,
providing increased optionality for the mining operation and
demonstrating the geological potential in the central Alhue
block.
-- The recent discovery of veins such as Cucaracha and Juan
Pablo in new areas beyond the eastern and western limits of the
central Alhue block, the historic focus of exploration and mining
at Minera Florida, underscores the potential for further near-mine
discoveries.
-- The robust exploration results at Minera Florida support the
plan for production increases at the operation.
Exploration Highlights, Cerro Moro
-- Expanded the known core mine veins at Cerro Moro with
significant drill results, most notably at Zoe and Martina,
providing an excellent opportunity for mineral resource growth in
the near term, highlighting the continuity and potential of several
sectors near current mining operations.
-- At Zoe, positive drilling results show good continuity at depth.
o High-grade results over the following estimated true widths
include: 34.71 g/t of gold and 3,264.5 g/t of silver over 3.47
metres (MD3173); 31.34 g/t of gold and 4,004.4 g/t of silver over
2.94 metres (MD3354).
-- At Martina, drilling has defined the continuity of the main
ore shoot generating new areas open to exploration.
o Highlights include the following estimated true width
intercepts : 76.63 g/t of gold and 247.9 g/t of silver over 2.41
metres (MD3228); 84.80 g/t of gold and 69.2 g/t of silver over 2.31
metres (MD3240).
-- Beyond the core mine, drilling at Naty has defined continuous
shallow high-grade mineralization with further growth potential at
depth.
o Highlights include the following estimated true width
intercepts: 30.68 g/t of gold and 3,824.7 g/t of silver over 10.37
metres (MD3255); 56.27 g/t of gold and 109.7 g/t of silver over
4.29 metres (MD3270); and 102.39 g/t of gold and 1,051.0 g/t of
silver over 2.89 metres (MD3271), demonstrating potential for
further high-grade mineralization outside of the core mine
area.
-- District exploration continues to generate important
exploration targets, including an emerging district to the south of
Cerro Moro. Initial scout drilling at a number of major structures,
including Naty NE, Cassius, Domos La Union, La Henriette, and
Casper, have generated encouraging results.
Exploration Highlights, El Pe ñó n
-- Exploration drilling continues to expand mineralization to
depths below several producing sectors, most notably Paloma and
Pampa Campamento, while a dedicated program targeting continuity of
the main production vein systems at depth is advancing and
supportive of planned production increases at El Peñón.
-- Drilling at Paloma continues to expand the mineral envelope
in multiple sectors, which remain open for further growth.
o H ighlights include the following estimated true width
intercepts: 49.50 g/t of gold and 72.5 g/t of silver over 1.70
metres ( SIU0028 ); 20.96 g/t of gold and 72.6 g/t of silver over
1.59 metres (SIU0014).
-- At Pampa Campamento, infill drilling has confirmed the
expanding mineral envelope to depth, which remains open for further
exploration.
o Highlights include the following estimated true width
intercepts: 33.54 g/t of gold and 68.7 g/t of silver over 0.69
metres (UIP0046); 9.89 g/t of gold and 752.6 g/t of silver over
1.68 metres (UIP0053).
-- The Company has initiated a deep exploratory drilling program
targeting extensions of the major producing vein systems at depth
and to the south of the mine. Initial drill results show
significant potential for discovery of blind continuations of the
main vein systems.
Exploration Highlights, Canadian Malartic
-- Infill drilling at East Gouldie continues to demonstrate
strong intercepts and excellent continuity within the defined
mineral envelope. Step out drilling to the east also exhibits good
expansion potential, providing additional support for the planned
Odyssey Underground Project.
-- Exploration drilling collared on the Rand property has cut
the East Gouldie structure at depth up to 1,260 metres east of the
year-end 2020 mineral resource envelope with significant results in
three drill holes. Drilling has also intercepted a new mineralized
structure 400 metres south of East Gouldie.
-- Exploration drilling below the East Amphi deposit has
generated significant new intercepts expanding the mineralized
envelope with new wide intervals of mineralization.
-- Results to date strongly support the transition at Canadian
Malartic to a large scale underground operation.
Minera Florida Exploration Update
At Minera Florida, exploration results continue to expand known
vein systems, such as at Don Leopoldo and Fantasma, and define new
mineralized zones in the core mine, such as VCN and Juan Pablo.
Infill drilling in 2021 included conversion of inferred resources
as well as delineation drilling of select areas to increase
confidence in higher grades areas within the mine plan. The latest
drill results have also advanced the understanding and mineral
potential of the east block, where the mineralized system is
believed to continue at depth within this down-dropped structural
block, representing a significant target for new areas close to
existing mine infrastructure. Overall, exploration continues to
expand the mineralized envelope to the east and west, and supports
the plan for further production increases. The mine has an $11
million exploration budget with 52,000 metres of drilling planned
for 2021, including 29,000 metres completed to date.
The delineation drilling program at Minera Florida has focused
on the Fantasma and Don Leopoldo sectors, with results expanding
the mineral envelope and demonstrating potential for further growth
in several directions.
Infill and delineation drilling at Don Leopoldo continues to
generate positive results, confirming the presence of
mineralization in the northwestern portion of this system, which
indicates that the sector remains open for expansion toward its
projected intersection with the Patagua vein. Drilling highlights
include th e following estimated true width intercepts: 7.56 g/t of
gold, 22.5 g/t of silver and 1.24% of zinc over 5.99 metres
(ALH3262); 6.82 g/t of gold, 13.4 g/t of silver and 1.29% of zinc
over 3.02 metres (ALH3253) . S tep out exploratory drilling
intersected the southeastern continuity of the Don Leopoldo vein,
expanding the current envelope. Drilling highlights include the
following estimated true width intercepts: 9 .42 g/t of gold, 9.4
g/t of silver and 0.41% of zinc over 3.94 metres ( ALH3114); 13 .47
g/t of gold, 15.3 g/t of silver and 0.05% of zinc over 3.70 metres
( ALH3124). The sector also remains open in the down plunge
direction, where the deepest hole executed (ALH3145) returned the
following estimated true width interval: 4.23 g/t of gold, 8.2 g/t
of silver and 2.69% zinc over 2.73 metres. See Figure 2 and Table 1
for additional results.
At Fantasma, infill drilling has defined two separate, parallel
mineralized zones along the northwestern section of this vein
system 100 and 200 metres in length and close to mine
infrastructure. Drilling highlights include the following estimated
true width intercepts: 9.33 g/t of gold, 15.3 g/t of silver and
1.20% of zinc over 2.08 metres (ALH3239); 11.16 g/t of gold, 22.9
g/t of silver and 1.32% of zinc over 2.65 metres (ALH 3289). Step
out exploratory drilling intersected the continuity of this system
along the northwestern strike direction toward the Polvorin
structure intersection. Drilling highlights include the following
estimated true width intercept: 11.55 g/t of gold, 17.7 g/t of
silver and 0.19% of zinc over 1.05 metres (ALH3269). See Figure 3
and Table 1 for additional results.
Recent exploration drilling within the core mine has also
generated substantial results. A new discovery, the VCN sector, was
defined by excellent results along a continuous 300-metre northwest
strike direction. This vein may provide important flexibility to
the mine operation. Drilling highlights at VCN include the
following estimated true width intercepts: 13.99 g/t of gold, 4.3
g/t of silver and 0.42% of zinc over 3.11 metres (ALH3352); 36.87
g/t of gold, 22.3 g/t of silver and 7.02% of zinc over 3.52 metres
(ALH 3330).
Further, structural reinterpretation and recent exploratory
drilling at the nearby, previously mined, Juan Pablo sector,
located east of Alhue block, has generated the following estimated
true width intercepts: 5.81 g/t of gold, 4.9 g/t of silver and
0.26% of zinc over 0.91 metres ( ALH3130); and 4.98 g/t of gold,
10.7 g/t of silver and 1.87% of zinc over 0.60 metres ( ALH3051),
showing continuity of mineralization in both the down dip and up
dip directions. Significantly, exploratory drilling at Juan Pablo
has revealed geological continuity of mineralized veins across the
Alhue-East block structural boundary, where veining is displaced by
a series of subparallel faults related to the through-going Maqui
fault structure, opening up a large area for near-mine exploration.
An exploratory drift is planned in this high potential block, with
drilling expected to begin in late 2021 or in the first quarter of
2022.
As part of its efforts to expand beyond the east and west limits
of the Alhue block and explore Minera Florida's large land package,
exploratory drilling identified a new vein system, Cucaracha,
located 1.5 kilometres from the plant. The Cucaracha system is
defined continuously for 300 metres along a northwest-southeast
direction and over 100 metres down dip, and it remains open in all
directions. Drilling highlights include the following estimated
true width intercepts: 4.48 g/t of gold, 5.5 g/t of silver and
3.19% of zinc over 2.54 metres (ALH3272); 11.01 g/t of gold, 5.6
g/t of silver and 2.27% of zinc over 1.39 metres (ALH3281).
Recent exploration results at Minera Florida continue to
demonstrate the significant upside potential of the Minera Florida
District. New sectors such as Don Leopoldo and Fantasma highlight
the opportunity to expand the mineral resource base and extend life
of mine, while new discoveries in the core block such as VNC
represent important contributors for new mineral resources close to
mine infrastructure, providing flexibility for the mining
operation. In addition, advances in understanding of the structural
setting at Minera Florida have demonstrated the continuity of the
Alhue vein system east of the central Alhue block at Juan Pablo,
highlighting a large near-mine area that is being evaluated for its
exploration potential. Furthermore, new discoveries in the West
block such as Cucaracha continue to demonstrate the exploration
upside adjacent to mine infrastructure. These discoveries confirm
the presence of a much wider mineralized system around the historic
mine area than previously understood and offer excellent potential
for future growth and mine life extensions.
Figure 1: Minera Florida Location Map Showing Main Target Areas
Discussed in Text, Principle Vein Systems, and Underground
Workings.
For figures, please refer to the announcement on Yamana Gold's
website.
https://www.yamana.com/
Figure 2: Minera Florida, Don Leopoldo Longitudinal Section
(Looking Northeast) Highlighting Recent Drilling Results.
For figures, please refer to the announcement on Yamana Gold's
website.
https://www.yamana.com/
Figure 3: Minera Florida, Fantasma Longitudinal Section (Looking
Northeast) Highlighting Recent Drill Results.
For figures, please refer to the announcement on Yamana Gold's
website.
https://www.yamana.com/
Table 1: M inera Florida New Drill Intercept Highlights,
Selected For Intervals Greater Than 3.50 g/t of Gold Over Diluted
Horizontal Mining Width of 1.20 Metres. Gold Equivalent Equals
Au(g/t)+Ag(g/t)/133.6+Zn(%)/2.54.
Hole Vein Drill From To Core Est. Gold Silver Zinc Gold Gold (g/t)
Hole (m) True (g/t) (g/t) (%) Eq. Over Diluted
Width Width
(m)
Type (m) Width (g/t) of 1.2
(m) m
ALH3272 Cucaracha Exploration 138.15 140.72 2.57 2.54 4.48 5.5 3.19 5.78 4.48
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3281 Cucaracha Exploration 158.12 159.73 1.61 1.39 11.01 5.6 2.27 11.95 11.01
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3299 Cucaracha Exploration 107.00 108.10 1.10 1.04 10.08 7.6 3.24 11.42 8.78
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3406 Cucaracha Exploration 117.40 120.35 2.95 1.51 5.89 6.9 3.74 7.42 5.89
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
Don
ALH3145 Leopoldo Exploration 175.65 178.90 3.25 2.73 4.23 8.2 2.69 5.36 4.23
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
Don
ALH3092 Leopoldo Infill 135.25 137.98 2.73 2.41 3.92 16.0 0.04 4.08 3.92
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
Don
ALH3097 Leopoldo Infill 171.05 173.60 2.55 2.29 7.69 17.9 5.11 9.86 7.69
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
Don
ALH3109 Leopoldo Infill 132.63 134.40 1.77 1.45 5.72 17.1 0.05 5.89 5.72
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
Don
ALH3114 Leopoldo Infill 184.75 191.50 6.75 3.94 9.42 9.4 0.41 9.67 9.42
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
Don
ALH3124 Leopoldo Infill 154.35 158.74 4.39 3.70 13.47 15.3 0.05 13.62 13.47
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
Don
ALH3144 Leopoldo Infill 179.53 181.24 1.71 1.40 8.25 11.1 0.08 8.38 8.25
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
Don
ALH3159 Leopoldo Infill 154.17 155.95 1.78 1.60 12.08 10.4 0.05 12.19 12.08
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
Don
ALH3222 Leopoldo Infill 15.09 17.02 1.93 1.70 3.85 26.3 6.55 6.66 3.85
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
Don
ALH3251 Leopoldo Infill 17.76 21.25 3.49 2.79 10.02 27.5 4.98 12.22 10.02
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
Don
ALH3253 Leopoldo Infill 9.95 13.59 3.64 3.02 6.82 13.4 1.29 7.45 6.82
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
Don
ALH3262 Leopoldo Infill 73.20 86.24 13.04 5.99 7.56 22.5 1.24 8.25 7.56
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
Don
ALH3267 Leopoldo Infill 32.20 35.75 3.55 2.91 14.34 24.0 2.14 15.39 14.34
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
Don
ALH3277 Leopoldo Infill 19.00 22.85 3.85 3.27 3.94 18.4 3.95 5.66 3.94
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
Don
ALH3378 Leopoldo Infill 100.20 104.40 4.20 2.41 4.04 6.4 1.92 4.86 4.04
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3069 Fantasma Delineation 53.42 54.48 1.06 0.91 5.61 40.0 0.61 6.20 4.30
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3073 Fantasma Delineation 49.08 50.38 1.30 1.14 44.86 195.2 1.40 47.13 44.49
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3075 Fantasma Delineation 62.60 64.00 1.40 1.19 20.43 112.5 0.49 21.61 20.43
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3205 Fantasma Exploration 99.79 101.23 1.44 1.20 5.24 8.9 0.53 5.52 5.24
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3209 Fantasma Exploration 93.32 102.25 8.93 4.60 5.62 14.1 0.69 6.02 5.62
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3233 Fantasma Exploration 152.40 154.50 2.10 1.77 8.02 8.5 0.83 8.42 8.02
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3248 Fantasma Exploration 101.70 103.25 1.55 1.34 9.75 6.9 1.16 10.27 9.75
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3269 Fantasma Exploration 150.64 151.77 1.13 1.05 11.55 17.7 0.19 11.78 10.11
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3282 Fantasma Exploration 110.60 111.65 1.05 0.94 16.57 16.9 4.69 18.57 13.26
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3289 Fantasma Exploration 108.45 111.63 3.18 2.65 11.16 22.9 1.32 11.88 11.16
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3290 Fantasma Exploration 129.00 130.85 1.85 1.62 8.39 6.3 1.16 8.90 8.39
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3123 Fantasma Infill 180.75 182.90 2.15 1.10 9.52 8.7 0.03 9.61 8.89
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3155 Fantasma Infill 114.50 115.60 1.10 0.90 18.76 52.5 0.30 19.34 14.85
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3193 Fantasma Infill 82.56 85.35 2.79 2.39 3.84 14.1 1.01 4.36 3.84
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3200 Fantasma Infill 94.80 96.50 1.70 1.40 3.75 10.4 0.75 4.13 3.75
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3203 Fantasma Infill 67.98 70.75 2.77 2.50 13.18 86.5 1.96 14.71 13.18
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3232 Fantasma Infill 68.50 70.50 2.00 1.82 11.18 17.6 2.94 12.49 11.18
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3239 Fantasma Infill 119.14 121.78 2.64 2.08 9.33 15.3 1.20 9.94 9.33
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3244 Fantasma Infill 93.02 95.21 2.19 1.85 4.70 31.5 1.47 5.56 4.70
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3256 Fantasma Infill 79.93 81.72 1.79 1.58 5.13 11.7 1.18 5.70 5.13
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3260 Fantasma Infill 133.05 134.70 1.65 1.34 8.58 16.7 1.47 9.31 8.58
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3127 Juan Pablo Exploration 43.70 45.35 1.65 1.35 6.50 4.7 0.69 6.81 6.50
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3130 Juan Pablo Exploration 58.50 59.47 0.97 0.90 5.81 4.9 0.26 5.96 4.41
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3060 Juan Pablo Infill 77.10 78.10 1.00 0.82 9.28 8.0 2.46 10.32 6.50
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3210 VCN Exploration 59.30 61.00 1.70 1.59 6.85 14.0 2.06 7.78 6.85
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3352 VCN Exploration 115.05 119.21 4.16 3.11 13.99 4.3 0.42 14.20 13.99
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3380 VCN Exploration 95.95 99.60 3.65 3.50 15.55 7.5 3.00 16.79 15.55
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3330 VCN Infill 113.40 117.45 4.05 3.52 36.87 22.3 7.02 39.83 36.87
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
ALH3333 VCN Infill 116.35 122.60 6.25 4.35 9.53 11.0 2.53 10.63 9.53
----------- ------------- ------- ------- ------- ------ ------ ------- ----- -------- -------------
Cerro Moro Exploration Update
At Cerro Moro, the exploration program continues to generate
good results in both the infill and exploration programs, with
positive intercepts in areas of the core mine and from district
exploration. Infill drilling included both conversion of inferred
resources and significant delineation drilling in the first two
quarters of the year, increasing the drill density in key areas of
the mine to improve confidence in mine planning and confirming
higher grade sectors. Drilling at producing sectors along the main
Escondida trend indicate that the vein systems remain open for
expansion. At Naty, this new discovery continues to provide
significant drilling intercepts, defining a shallow mineable
mineral envelope that remains open down plunge to the northeast.
District exploration continues to advance the evaluation of the
large Cerro Moro land package, generating new exploration targets
at regional-scale structures that bear similarities to structures
hosting the core mine deposits, with associated surface geochemical
anomalies. The mine has a $18 million exploration budget in 2021
with 55,000 metres of drilling planned for the year and 41,000
metres drilled to date.
In addition, positive column leach tests on near-surface vein
material and internal studies suggest the opportunity for a
low-cost heap leach operation. Exploration has designed a $1.9
million program to delineate near-surface mineral resource
opportunities that is expected to begin in the fourth quarter of
2021. Mineral resource delineation will proceed in conjunction with
further metallurgical testing, engineering, and internal
evaluations to advance this opportunity.
At the Cerro Moro mine, delineation and exploratory drilling
programs expanded several producing vein systems hosted along the
Escondida trend, most notably at the Zoe and Martina targets. Step
out drilling results indicate the continuity of mineralization at
these sectors, opening up significant near mine potential to
support mineral resource growth potentially supporting a plant
expansion. Internal studies completed in the first half of 2021
indicate that doubling of the plant throughput to 2,200 tonnes per
day could be achieved with modest capital investment and would
significantly reduce processing costs per tonne. The Company has
now commenced a metallurgical test work program and pre-feasibility
study in anticipation of ongoing exploration success. See Figure 4
for additional details.
At Zoe, infill, delineation, and exploratory drilling generated
strong results, confirming continuity along strike and to depth of
high-grade mineralization, extending the mineralized zone by 300
metres laterally and 200 metres down dip adjacent to current mine
development. Notable results include the following estimated true
width intercepts: 34.71 g/t of gold and 3,264.5 g/t of silver over
3.47 metres (MD3173); 31.34 g/t of gold and 4,004.4 g/t of silver
over 2.94 metres (MD3354); and 59.76 g/t of gold and 5,386.0 g/t of
silver over 2.72 metres (MD3369).
Step out exploratory drilling down dip extended the mineral
envelope for an additional 200 metres where mineralization remains
open to depth. Drilling highlights include the following estimated
true width intercepts: 8.04 g/t of gold and 532.5 g/t of silver
over 2.61 metres (MD3419); 6.91 g/t of gold and 30.7 g/t of silver
over 3.25 metres (MD3318). To the west, exploratory drilling
intercepted the continuity of mineralization along strike,
suggesting the system also remains open in this direction. Results
include the following estimated true width intercept: 8.15 g/t of
gold, 161.3 g/t of silver over 1.43 metres (MD3428). See Figure 5
and Table 2 for additional results.
At Martina, infill and delineation drilling continues to define
the continuity of the main horizontal ore shoot along a 300 metre
east-west corridor, with the following notable estimated true width
intercepts: 76.63 g/t of gold and 247.9 g/t of silver over 2.41
metres (MD3228); 27.05 g/t of gold and 238.7 g/t of silver over
2.40 metres (MD3226); and 84.80 g/t of gold with 69.2 g/t of silver
over 2.31 metres (MD3240). Additionally, exploratory drilling has
extended the mineralization eastward from the main zone and
provided new potential areas for a step out drilling program.
Recent estimated true width intercepts include: 7.25 g/t of gold
and 5.7 g/t of silver over 2.19 metres (MD3373); 4.60 g/t of gold
and 59.0 g/t of silver, over 1.24 metres (MD3382). See Figure 6 and
Table 2 for additional results.
Naty is a recently discovered vein system located 25 kilometres
south of the Cerro Moro mine complex and represented by shallow
mineralization associated with black silica hydrothermal
alteration, a key marker in high-grade veins at Cerro Moro.
Exploratory and infill drilling during the last year has defined a
continuous mineralized envelope extending 900 metres along a
northeast-southwest direction, gently plunging northeast, where it
remains open. Recent drilling results include the following
estimated true width intercepts: 30.68 g/t of gold and 3,824.7 g/t
of silver over 10.37 metres (MD3255); 25.91 g/t of gold and 36.9
g/t of silver over 2.98 metres (MD3256); 56.97 g/t of gold and
109.70 g/t of silver over 4.29 metres (MD3270); and 102.39 g/t of
gold and 1,051.0 g/t of silver over 2.89 metres (MD3271).
Exploratory drilling has defined a second new shallow
mineralized vein, possibly a secondary structure, with the
following estimated true width intercepts: 5.86 g/t of gold and
43.5 g/t of silver over 3.99 metres (MD2939 ); 5.37 g/t of gold and
146.1 g/t of silver over 3.98 metres (MD3128 ). See Figure 7 and
Table 2 for additional results.
Systematic exploration of the large Cerro Moro property
surrounding the mine area, which exceeds 300,000 hectares,
continued with combined soil and rock geochemistry programs, ground
geophysics, surface geological and alteration mapping and
reconnaissance drilling. Over the last year, this program has
advanced several target areas located south of Cerro Moro, where s
everal major structures and a ssociated surface geochemical
anomalies were identified, most notably Naty NE, Cassius, Domos La
Union, La Henriette, and Casper. Reconnaissance drilling has
identified new mineralized zones for further testing and definition
drilling in multiple sectors. The most notable of these is Cassius,
which is located two kilometres south of Cerro Moro and hosted by a
major northwest-striking structure that parallels the productive
Escondida trend. Initial drilling at Cassius encountered a zone of
black silica mineralization, which returned an estimated true width
intercept of 57.67 g/t of gold and 186.5 g/t of silver over 0.79
metres at 444.16 metres hole depth (MD3453). This new discovery is
currently being followed up with additional drilling. See Figure 4
for location of Cassius target.
Positive exploration results along the Escondida trend, an
expanding mineral envelope at Naty, and the discovery of a new
structure parallel to Escondida are contributing to the goal of
mine life extension, with year-on-year depletion replacement.
Exploration is targeting several high priority areas with veins
that have the potential to contain greater than one kilometre of
strike length, representing opportunities to generate new
discoveries that may be important drivers of future growth.
Figure 4: Cerro Moro Core Mine Location Map Showing Main Near
Mine Target Areas and Principle Vein Systems Along the
Escondida-Zoe Trend, and Location of Cassius Target to South.
For figures, please refer to the announcement on Yamana Gold's
website.
https://www.yamana.com/
Figure 5: Cerro Moro, Zoe Longitudinal Section (Looking North)
Highlighting Recent Drilling Results.
For figures, please refer to the announcement on Yamana Gold's
website.
https://www.yamana.com/
Figure 6: Cerro Moro, Martina Longitudinal Section (Looking
Northeast) Highlighting Recent Drilling Results.
For figures, please refer to the announcement on Yamana Gold's
website.
https://www.yamana.com/
Figure 7: Cerro Moro, Naty Longitudinal Section (Looking
Northwest) Highlighting Recent Drilling Results.
For figures, please refer to the announcement on Yamana Gold's
website.
https://www.yamana.com/
Table 2: Cerro Moro New Drill Intercept Highlights, Martina,
Zoe, Naty and Cassius Sectors, Selected for Intervals Greater Than
3.5 g/t of Gold Over Diluted Width of 1.8 Metres . Gold Equivalent
Equals Au+Ag/83.9.
Hole Prospect Drill From To Core Est. Gold Silver Gold Gold (g/t)
Hole (m) Width True Eq. Over Diluted
Width Width
Type (m) (m) (m) (g/t) (g/t) (g/t) of 1.8
m
MD3453 Cassius Scout 444.16 445.20 1.04 0.79 57.67 186.5 59.89 25.18
MD3373 Martina Exploration 206.50 209.10 2.60 2.19 7.25 5.7 7.32 7.25
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3150A Martina Infill 228.00 230.75 2.75 2.13 6.23 26.0 6.54 6.23
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3156 Martina Infill 261.20 261.54 0.34 0.27 149.53 221.0 152.16 22.26
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3211 Martina Infill 249.00 249.90 0.90 0.73 26.15 62.6 26.90 10.61
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3211 Martina Infill 276.30 278.00 1.70 1.38 12.99 48.0 13.56 9.99
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3217 Martina Infill 293.00 294.40 1.40 1.17 19.94 336.8 23.95 12.95
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3217 Martina Infill 302.80 303.30 0.50 0.42 78.06 1861.0 100.22 18.22
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3226 Martina Infill 285.34 288.10 2.76 2.40 27.05 238.7 29.89 27.05
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3228 Martina Infill 264.20 267.20 3.00 2.41 76.63 247.9 79.58 76.63
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3238 Martina Infill 237.40 239.40 2.00 1.59 31.34 805.4 40.93 31.34
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3240 Martina Infill 255.10 258.00 2.90 2.31 84.80 69.2 85.63 84.80
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3243 Martina Infill 223.00 224.00 1.00 0.81 14.36 617.3 21.71 6.42
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3247 Martina Infill 240.35 243.15 2.80 2.29 11.13 54.9 11.78 11.13
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3275 Martina Infill 273.70 274.50 0.80 0.62 33.02 104.6 34.26 11.30
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3471A Martina Infill 313.40 313.80 0.40 0.33 32.76 28.1 33.09 5.99
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD2939 Naty Exploration 5.00 8.00 3.00 2.99 4.80 21.4 5.05 4.80
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD2939 Naty Exploration 38.00 42.00 4.00 3.99 5.86 43.5 6.38 5.86
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3128 Naty Exploration 67.00 71.00 4.00 3.98 5.37 146.1 7.11 5.37
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3315 Naty Exploration 49.50 51.50 2.00 1.99 24.00 26.8 24.32 24.00
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3251 Naty Infill 50.50 55.30 4.80 4.78 7.35 490.7 13.20 7.35
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3254 Naty Infill 38.30 46.50 8.20 8.17 6.13 157.4 8.00 6.13
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3255 Naty Infill 35.75 46.17 10.42 10.37 30.68 3824.7 76.22 30.68
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3256 Naty Infill 45.20 49.50 4.30 4.28 3.93 237.1 6.75 3.93
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3256 Naty Infill 50.20 52.80 2.60 2.59 5.61 143.0 7.31 5.61
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3256 Naty Infill 55.00 56.00 1.00 1.00 13.69 36.1 14.12 7.57
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3256 Naty Infill 57.30 62.00 4.70 4.68 9.37 142.2 11.06 9.37
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3256 Naty Infill 66.00 69.00 3.00 2.98 25.91 36.9 26.35 25.91
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3270 Naty Infill 1.00 5.30 4.30 4.29 56.27 109.7 57.58 56.27
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3271 Naty Infill 3.00 5.90 2.90 2.89 102.39 1051.0 114.90 102.39
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3277 Naty Infill 16.87 20.50 3.63 3.62 3.59 21.4 3.84 3.59
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3277A Naty Infill 51.00 54.64 3.64 3.63 7.07 248.6 10.03 7.07
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3279 Naty Infill 33.00 34.20 1.20 1.19 24.26 333.0 28.22 16.09
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3279 Naty Infill 37.60 40.00 2.40 2.39 15.81 388.0 20.43 15.81
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3044 Naty Scout 18.90 20.00 1.10 1.10 10.51 27.8 10.84 6.40
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3252 Zoe Exploration 423.65 427.10 3.45 2.44 4.53 480.1 10.25 4.53
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3318 Zoe Exploration 399.00 403.50 4.50 3.25 6.91 30.7 7.27 6.91
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3419 Zoe Exploration 380.75 384.11 3.36 2.61 8.04 532.5 14.38 8.04
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3428 Zoe Exploration 329.50 332.00 2.50 1.43 8.15 161.3 10.07 8.15
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3120 Zoe Infill 282.00 287.30 5.30 4.30 3.89 162.2 5.82 3.89
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3123 Zoe Infill 308.00 317.48 9.48 8.10 3.89 300.0 7.46 3.89
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3126 Zoe Infill 236.00 239.00 3.00 2.17 5.30 244.0 8.21 5.30
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3126 Zoe Infill 239.80 244.00 4.20 3.04 9.99 50.4 10.60 9.99
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3142 Zoe Infill 295.00 302.50 7.50 5.78 16.73 654.3 24.52 16.73
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3162 Zoe Infill 160.00 168.00 8.00 5.82 6.58 1016.4 18.68 6.58
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3165 Zoe Infill 172.00 175.80 3.80 2.73 19.41 1237.9 34.15 19.41
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3167 Zoe Infill 150.50 154.40 3.90 2.65 49.53 2668.5 81.30 49.53
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3170 Zoe Infill 127.70 131.00 3.30 2.43 8.51 893.3 19.14 8.51
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3173 Zoe Infill 128.00 132.75 4.75 3.47 34.71 3624.5 77.86 34.71
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3344 Zoe Infill 156.40 162.00 5.60 3.76 4.57 637.5 12.16 4.57
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3351 Zoe Infill 173.20 177.25 4.05 2.94 3.72 570.9 10.51 3.72
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3353 Zoe Infill 163.70 165.50 1.80 1.10 23.04 1488.7 40.77 23.04
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3354 Zoe Infill 173.20 177.60 4.40 2.94 31.34 4004.4 79.01 31.34
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3357A Zoe Infill 160.60 163.42 2.82 2.02 5.15 438.0 10.36 5.15
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3359A Zoe Infill 174.85 178.00 3.15 1.95 43.98 3437.4 84.90 43.98
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3361 Zoe Infill 169.70 184.47 14.77 8.13 21.39 2146.9 46.95 21.39
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3364 Zoe Infill 195.00 198.00 3.00 2.14 46.62 2582.8 77.37 46.62
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3367 Zoe Infill 221.05 224.50 3.45 2.49 16.19 1201.2 30.49 16.19
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
MD3369 Zoe Infill 195.50 199.14 3.64 2.72 59.76 5386.1 123.88 59.76
---------- ------------- ------- ------- ------- ------- -------- -------- -------- --------------
El Pe ñ ó n Exploration Update
At El Peñón, core mine exploration continues to define
mineralization at depth on the Paloma and Pampa Campamento veins,
providing excellent potential for mineral resource expansion and
supporting the plan for production increases. In addition, a
recently initiated exploratory drilling program has confirmed the
presence of the favorable rhyolite mineral host lithology preserved
at depth along the southern extension of a major mineralized
structure, suggesting the continuity of the Peñón system south of
the core mine area. The mine has an exploration budget of $18
million with 128,000 metres of drilling planned in 2021 and 88,000
metres completed to date.
Infill drilling at Paloma continues to expand the mineral
envelope down dip, with significant drilling intercepts. Drilling
highlights include the following estimated true width intercepts:
20.96 g/t of gold and 72.6 g/t of silver over 1.59 metres (SIU0014)
49.50 g/t of gold and 72.5 g/t of silver over 1.70 metres ( SIU0028
). Exploration drilling continues to extend mineralization to
depth, highlighted by the following estimated true width intersept:
25.71 g/t of gold and 97.8 g/t of silver over 1.24 metres
(UEU0028). See Tables 3A and 3B for additional drill results.
At Pampa Campamento, infill drilling has confirmed the current
mineral resource over 300 metres in the down dip direction in the
central part of the sector where mineralization remains open at
depth. Drilling highlights include the following estimated true
width intercepts: 33.54 g/t of gold and 68.7 g/t of silver over
0.69 metres (UIP0046); 9.89 g/t of gold and 752.6 g/t of silver
over 1.68 metres (UIP0053). In the north sector of this vein,
exploratory drilling defined a subvertical mineralized zone 100
metres wide and extending 300 metres down dip. Results include the
following estimated true width intercepts: 9.90 g/t of gold and
44.8 g/t of silver over 1.02 metres (SEP0010); 9.98 g/t of gold and
15.2 g/t of silver over 0.72 metres (SEP0006). P lease see Figure 8
and Tables 3A and 3B for additional drill results.
The Company recently initiated a brownfield program dedicated to
the systematic exploration of large unexplored volumes of the
favorable rhyolite host stratigraphy directly along strike of the
major producing veins. These areas remain unexplored due to the
presence of unmineralized cover rocks that are capable of
concealing a large vein system (i.e. greater than two kilometres
cumulative extent). As part of this program, the Company recently
launched an aggressive exploratory drilling program focusing along
the projected strike extension of the major vein systems at
Quebrada Orito, Quebrada Colorada, and Bonanza.
At Quebrada Orito, one of the largest veins on the El Peñón
property, an initial vertical exploratory drill hole, collared one
kilometre along the southern projection of the Orito structure,
confirmed the presence of the favourable host rhyolite unit at
depth, and intersected a zone of strongly hydrothermally altered,
mineralized tuff directly overlying the rhyolite hosting quartz
veining. The vein interval assayed 1.26 g/t of gold and 48.6 g/t of
silver over a core length of 4.00 metres, including a sub-interval
which graded 8.10 g/t of gold and 135.2 g/t of silver over a core
length of 0.50 metres (SDX-0609). These results confirm the
continuation of the favourable rhyolite stratigraphy up to at least
one kilometre south along the projection of the Quebrada Orito vein
at depth. Furthermore, the presence of mineralization in this
section of the property is encouraging and lends support to the
underlying exploration premise. See Figure 9 for further
details.
The potential at the El Peñón core mine is further underpinned
by the project's excellent track record of mineral resource
discovery, continuous depletion replacement, and 22 years of
continuous production. With the existence of excess plant capacity
at El Peñón coupled with recent exploration results and new targets
along trend of this major vein system, the Company expects to
utilize that plant capacity and increase production. Furthermore,
the Company believes there is excellent potential for long-term
growth at El Peñón beyond the mine life suggested by the mine's
current mineral reserve inventory.
Figure 8: El Peñón , Pampa Campamento Longitudinal Section
(Looking East) Highlighting Recent Drilling Results.
For figures, please refer to the announcement on Yamana Gold's
website.
https://www.yamana.com/
Figure 9: El Peñón District Plan Map, North-South Mine-Scale
Long Section and Local Cross Section as Context to Recent
Exploration Drill Hole SDX0609, Initial Test of Deep Rhyolite Host
- Quebrada Orito South Vein Projection Drill Target.
For figures, please refer to the announcement on Yamana Gold's
website.
https://www.yamana.com/
Table 3A: El Peñón New Infill Drill Intercepts, Select for
Intervals Greater Than 3.5 g/t of Gold Over Diluted Width of 1.2
Metres. Gold Equivalent Equals Au(g/t)+Ag(g/t)/86.
Hole Vein From To Core Est. Gold Silver Gold Gold (g/t)
(m) (m) Width True (g/t) (g/t) Eq. Over Diluted
(m) Width (g/t) Width
(m) of 1.2
m
UIA0201 Aleste Main 189.21 189.64 0.43 0.25 33.10 17.2 33.30 6.90
----------------- ------- ------- ------- ------- ------- ------- ------- --------------
SIQ0001 Colorada Sur 328.00 329.50 1.50 1.07 39.86 52.4 40.47 35.87
----------------- ------- ------- ------- ------- ------- ------- ------- --------------
SIQ0002 Colorada Sur 307.00 307.50 0.50 0.36 12.90 634.0 20.27 3.87
----------------- ------- ------- ------- ------- ------- ------- ------- --------------
SIQ0003 Colorada Sur 316.72 317.74 1.02 0.86 19.80 414.5 24.62 14.69
----------------- ------- ------- ------- ------- ------- ------- -------
SIQ0008 Colorada Sur 307.48 309.00 1.52 1.16 5.53 103.9 6.73 5.48
SIQ0015 Colorada Sur 304.45 306.70 2.25 1.79 9.91 391.4 14.46 9.91
SIQ0018 Colorada Sur 447.00 448.00 1.00 0.31 29.85 1188.5 43.67 8.01
------- ------- ------- ------- ------- --------------
SIQ0022 Colorada Sur 364.50 365.50 1.00 0.42 12.05 772.5 21.03 4.32
UIQ0004 Colorada Sur 94.94 97.50 2.56 2.29 6.64 259.3 9.65 6.64
UIQ0005 Colorada Sur 124.60 125.90 1.30 0.89 11.00 388.9 15.52 8.21
------- ------- ------- ------- ------- --------------
UIQ0009 Colorada Sur 142.00 144.00 2.00 1.24 5.16 273.9 8.34 5.16
Colorada Sur
SIQ0006 (+15) 376.55 377.85 1.30 0.85 6.15 212.4 8.62 4.43
Dorada Footwall
UID0325 Oeste 157.60 158.00 0.40 0.20 29.30 2625.0 59.82 5.13
Dorada Footwall
UID0327 Oeste 45.37 46.34 0.97 0.82 5.60 522.0 11.67 3.83
------- ------- ------- ------- ------- --------------
Dorada Footwall
UID0327 Oeste 119.48 119.95 0.47 0.41 13.20 371.6 17.52 4.62
Dorada Footwall
Oeste Oeste
UID0320 (+10) 182.38 183.00 0.62 0.41 11.40 443.0 16.55 4.09
Dorada Footwall
UID0316 Oeste 139.40 140.98 1.58 1.27 8.70 681.0 16.62 8.70
Dorada Footwall
UID0331 Oeste 127.56 128.79 1.23 1.02 7.60 831.1 17.27 6.52
Dorada Footwall
UID0332 Oeste 165.35 165.90 0.55 0.32 23.50 1836.0 44.85 6.21
Dorada Footwall
UID0340 Oeste 172.13 172.96 0.83 0.48 39.70 783.0 48.80 16.05
------- ------- ------- ------- ------- --------------
Dorada Footwall
UID0343 Oeste 178.65 179.26 0.61 0.38 38.00 1605.0 56.66 12.19
------- ------- ------- ------- ------- --------------
Dorada Footwall
UID0344 Oeste 144.25 144.90 0.65 0.40 12.50 1217.0 26.65 4.38
------- ------- ------- ------- ------- --------------
Dorada Footwall
UID0345 Oeste 110.00 111.70 1.70 1.52 9.80 867.6 19.89 9.80
UIV0041 El Valle 271.00 275.00 4.00 3.29 4.90 105.0 6.12 4.90
------- ------- ------- ------- ------- --------------
UIV0042 El Valle 285.35 286.23 0.88 0.74 9.80 417.0 14.65 6.29
UIV0045 El Valle 342.00 343.60 1.60 1.23 3.55 112.5 4.86 3.55
SIL0007 Laguna 61.50 63.00 1.50 1.20 8.81 45.5 9.34 8.81
Martillo Central
UID0312 Sur 206.87 207.70 0.83 0.80 15.80 717.0 24.14 10.57
UIM0052 Martillo Flat 216.50 219.00 2.50 1.84 5.52 550.2 11.92 5.52
SIU0007 Paloma 349.20 350.40 1.20 0.72 43.00 372.6 47.33 26.52
SIU0008 Paloma 319.45 320.28 0.83 0.55 28.00 31.9 28.37 12.95
------- ------- ------- ------- ------- --------------
SIU0008 Paloma 329.00 329.73 0.73 0.45 19.90 864.0 29.95 7.46
SIU0010 Paloma 403.00 409.00 6.00 3.77 18.21 39.2 18.67 18.21
SIU0012 Paloma 428.10 428.75 0.65 0.44 11.30 59.7 11.99 4.33
SIU0013 Paloma 495.05 496.77 1.72 1.00 40.96 118.5 42.33 34.13
SIU0014 Paloma 501.73 504.23 2.50 1.59 20.96 72.6 21.80 20.96
------- ------- ------- ------- ------- --------------
SIU0015 Paloma 331.25 332.30 1.05 0.71 11.01 763.7 19.89 6.52
----------------- ------- ------- ------- ------- ------- ------- ------- --------------
SIU0016 Paloma 533.50 537.00 3.50 1.85 43.00 21.5 43.25 43.00
SIU0017 Paloma 500.90 502.50 1.60 0.97 11.96 85.0 12.95 9.67
SIU0017 Paloma 503.80 505.13 1.33 0.76 18.45 49.3 19.02 11.62
SIU0023 Paloma 549.80 552.22 2.42 1.48 4.65 42.7 5.15 4.65
SIU0028 Paloma 538.89 541.58 0.40 1.70 49.50 72.5 50.34 49.50
------- ------- ------- ------- ------- --------------
UIP0010 Pampa Campamento 241.16 244.70 3.54 1.11 11.02 43.3 11.52 10.74
------- ------- ------- ------- ------- --------------
UIP0012 Pampa Campamento 214.12 216.00 1.88 0.81 22.32 598.8 29.28 15.40
------- ------- ------- ------- ------- --------------
UIP0013 Pampa Campamento 262.50 264.88 2.38 1.15 6.28 217.6 8.81 6.12
------- ------- ------- ------- ------- --------------
UIP0013 Pampa Campamento 268.35 270.45 2.10 0.59 8.34 441.5 13.47 4.28
UIP0014 Pampa Campamento 235.23 237.97 2.74 1.42 4.28 80.7 5.22 4.28
UIP0015 Pampa Campamento 342.00 345.59 3.59 1.10 10.47 212.6 12.94 10.12
UIP0017 Pampa Campamento 223.09 227.55 4.46 1.63 14.89 482.1 20.50 14.89
UIP0020 Pampa Campamento 264.80 269.38 4.58 1.35 6.07 232.0 8.77 6.07
UIP0024 Pampa Campamento 340.00 342.10 2.10 0.94 14.71 213.9 17.20 12.26
UIP0027 Pampa Campamento 357.70 366.70 9.00 2.68 4.70 131.2 6.23 4.70
UIP0032 Pampa Campamento 253.30 255.00 1.70 0.79 5.94 284.4 9.24 4.02
------- ------- ------- ------- ------- --------------
UIP0033 Pampa Campamento 327.00 332.00 5.00 2.11 10.22 218.2 12.75 10.22
------- ------- ------- ------- ------- --------------
UIP0036 Pampa Campamento 229.35 231.15 1.80 1.10 12.99 27.0 13.30 12.12
UIP0044 Pampa Campamento 167.30 168.65 1.35 0.58 56.63 1911.9 78.86 29.26
UIP0046 Pampa Campamento 248.37 249.50 1.13 0.69 33.54 68.7 34.34 20.13
UIP0050 Pampa Campamento 461.40 463.90 2.50 0.69 14.86 284.3 18.17 8.79
UIP0051 Pampa Campamento 189.68 191.35 1.67 0.72 12.00 194.1 14.26 7.50
------- ------- ------- ------- ------- --------------
UIP0053 Pampa Campamento 233.90 238.47 4.57 1.68 9.89 752.6 18.64 9.89
SIS0001 Sorpresa 377.15 379.30 2.15 1.22 8.04 266.6 11.14 8.04
------- ------- ------- ------- ------- --------------
SIS0004 Sorpresa 389.30 389.90 0.60 0.44 21.61 1430.3 38.24 6.38
------- ------- ------- ------- ------- --------------
UIS0013 Sorpresa (+30) 255.35 256.02 0.67 0.48 15.90 285.0 19.21 6.59
------- ------- ------- ------- ------- --------------
Table 3B: El Peñón New Exploration Drill Intercepts, Select for
Intervals Greater Than 3.5 g/t of Gold Over Diluted Width of 1.2
Metres. Gold Equivalent Equals Au(g/t)+Ag(g/t)/86.
Hole Vein From To Core Est. Gold Silver Gold Gold (g/t)
(m) (m) Width True (g/t) (g/t) Equivalent Over Diluted
(m) Width (g/t) Width
(m) of 1.2
m
UEU0016 Abundancia 221.30 223.86 2.56 1.28 8.23 64.7 8.98 8.23
UEO0030 Angelina 116.00 188.45 72.45 0.88 5.11 27.1 5.42 3.96
SEX0011 Bermuda 224.50 226.50 2.00 1.28 9.40 55.5 10.05 9.40
SEX0016 Bermuda 324.50 325.50 1.00 0.75 5.36 9.8 5.47 4.11
SEM0007 Carmela 368.00 369.00 1.00 0.67 9.09 6.9 9.17 5.25
SEQ0003 Colorada Sur 306.00 307.00 1.00 0.77 32.60 513.0 38.57 21.46
------- ------ ------- ----------- -------------
SEQ0005 Colorada Sur 348.00 350.00 2.00 1.32 20.45 93.5 21.54 20.45
------- ------ ------- ----------- -------------
SEQ0007 Colorada Sur 300.00 302.00 2.00 1.56 8.95 307.0 12.52 8.95
SEQ0010 Colorada Sur 281.00 282.00 1.00 0.58 7.10 156.5 8.92 3.57
SEQ0020 Colorada Sur 349.00 351.00 2.00 0.74 7.63 0.7 7.64 5.09
SNX0983 Colorada Sur 421.00 428.00 7.00 2.72 15.30 7.6 15.39 15.30
SNX0983 Colorada Sur 457.50 464.50 7.00 2.92 7.14 3.8 7.19 7.14
UEQ0008 Colorada Sur 85.00 86.70 1.70 0.87 6.09 392.6 10.65 4.82
UEQ0008 Colorada Sur 114.00 115.00 1.00 0.89 11.00 466.0 16.42 9.08
Colorada Sur
SEQ0004 (-10) 326.50 328.00 1.50 0.81 6.11 309.3 9.71 4.24
SED0003 Dorada Este 471.00 474.00 3.00 1.37 5.40 75.0 6.28 5.40
UED0060 Dorada Este 105.25 108.05 2.80 1.00 11.77 75.0 12.64 10.83
UED0051 Dorada FW W 116.20 117.75 1.55 1.32 8.82 681.0 16.74 8.82
UED0052 Dorada FW W 121.44 122.70 1.26 1.18 10.51 1623.6 29.39 10.51
------- ------ ------ ------ ------- ----------- -------------
UEV0014 El Valle 295.42 296.10 0.68 0.98 8.73 9.0 8.83 8.51
------- ------ ------- ----------- -------------
UEV0016 El Valle 319.90 321.55 1.65 1.22 7.33 211.2 9.79 7.33
UEV0017 El Valle 350.50 352.10 1.60 1.24 4.00 91.4 5.06 4.00
SEE0030 Esmeralda 158.00 160.00 2.00 1.49 5.30 304.0 8.83 5.30
SEE0027 Esmeralda Sur 256.00 257.00 1.00 0.47 9.40 13.5 9.56 3.84
------- ------ ------- ----------- -------------
Martillo Flat
SEM0002 (+150) 230.00 231.00 1.00 0.84 5.30 749.0 14.01 3.76
------- ------ ------- ----------- -------------
SEU0001 Paloma 573.00 577.50 4.50 1.30 43.90 34.3 44.30 43.90
------- ------ ------- ----------- -------------
SEU0004 Paloma 465.00 466.00 1.00 0.67 9.10 78.4 10.01 5.23
SEU0006 Paloma 534.00 535.50 1.50 1.07 43.00 43.3 43.50 39.06
SEU0008 Paloma 551.00 554.00 3.00 2.03 8.37 3.5 8.41 8.37
SEU0011 Paloma 606.50 607.50 1.00 0.54 12.80 61.7 13.52 5.98
SEU0016 Paloma 596.86 598.94 2.08 1.39 4.29 130.7 5.81 4.29
SNX0977 Paloma 522.00 526.50 4.50 2.65 12.49 25.7 12.79 12.49
UEU0028 Paloma 360.63 363.88 3.25 1.24 25.71 97.8 26.85 25.71
SEP0003 Pampa Campamento 427.50 428.50 1.00 0.55 26.59 455.9 31.89 12.32
SEP0006 Pampa Campamento 494.00 496.00 2.00 0.72 9.98 15.2 10.16 6.15
------- ------ ------ ------ ------- ----------- -------------
SEP0008 Pampa Campamento 584.50 585.50 1.00 0.20 43.75 46.9 44.29 7.29
SEP0009 Pampa Campamento 432.00 433.00 1.00 0.55 10.70 139.4 12.32 4.99
------- ------ ------- ----------- -------------
SEP0010 Pampa Campamento 475.50 477.50 2.00 1.02 9.90 44.8 10.42 8.66
SEP0014 Pampa Campamento 504.00 506.50 2.50 1.03 4.35 29.8 4.70 3.77
UEP0017 Pampa Campamento 109.60 113.60 4.00 2.60 4.62 16.0 4.80 4.62
------- ------ ------- ----------- -------------
UEP0021 Pampa Campamento 205.64 207.18 1.54 0.42 56.00 616.3 63.17 20.53
UEP0026 Pampa Campamento 283.84 285.30 1.46 1.30 10.77 410.7 15.54 10.77
UES0013 Pampa Campamento 357.00 358.10 1.10 1.08 5.94 124.2 7.38 5.40
Pampa Providencia
SEX0019 Este (-15) 277.00 278.00 1.00 0.68 10.10 213.8 12.59 5.77
SES0001 Sorpresa 371.00 372.00 1.00 0.62 7.58 38.1 8.02 4.09
SES0002 Sorpresa 388.00 390.50 2.50 1.60 8.17 421.8 13.08 8.17
SES0002 Sorpresa 403.00 405.00 2.00 0.98 24.04 1468.6 41.11 20.03
SES0002 Sorpresa 431.00 432.00 1.00 0.72 8.25 18.7 8.47 5.09
SES0003 Sorpresa 404.00 406.00 2.00 1.28 4.72 221.0 7.28 4.72
------- ------ ------- ----------- -------------
SES0016 Sorpresa 370.00 373.00 3.00 1.58 33.60 774.0 42.60 33.60
UES0010 Sorpresa 202.35 202.79 0.44 0.33 12.90 845.0 22.73 3.87
UES0004 Sorpresa (-70m) 143.00 144.00 1.00 0.45 40.00 1709.1 59.87 15.67
------- ------ ------- ----------- -------------
SES0010 Sorpresa (+50) 302.00 304.00 2.00 0.78 8.90 300.0 12.39 5.93
SET0005 Ventura 599.00 601.00 2.00 0.86 5.00 57.3 5.66 3.62
UEV0018 Vista Norte 269.00 269.45 0.45 0.38 63.20 344.0 67.20 21.07
Canadian Malartic Exploration Update
Exploration at Canadian Malartic continues to focus on
definition of the Odyssey Underground Project predominantly through
definition drilling of the East Gouldie deposit. Infill, expansion
and exploration drilling of the East Gouldie structure have all
returned excellent results to date highlighting the exceptional
continuity and size of the zone. The district exploration program
has discovered a deep eastern extension of the East Gouldie
structure as well as a new zone located 400 metres south of East
Gouldie and intercepted further promising mineralization below the
known East Amphi deposit. These results support the continued
growth of Canadian Malartic as it transitions from an open pit mine
to a large underground operation with a decades long mine life.
The East Gouldie zone was discovered in late 2018 and the first
mineral resource was published in December 2019. Exploration in
2021 at Canadian Malartic has prioritized definition drilling at
East Gouldie, reducing drill spacing in the mineral resource area
to 75 metre spacing. To date in 2021, 65,967 metres have been
completed at East Gouldie, providing 87 new pierce points within
the East Gouldie mineral inventory. Results continue to confirm
that the grade, width, and overall shape of the orebody are
consistent with previously reported intercepts used for mineral
resource estimation.
Drilling highlights in the East Gouldie infill area include the
following estimated true width intercepts: 6.2 g/t of gold over
61.7 metres including 10.9 g/t gold over 21.0 metres at 1,102
metres depth (MEX19-154WC); 6.8 g/t gold of gold over 41.4 metres
at 1,069 metres depth, including 10.4 g/t gold over 20.6 metres
(MEX21-208); 7.9 g/t of gold over 25.5 metres at 1,496 metres depth
(MEX21-203R). These results continue to define high grade zones
within the broader mineralized envelope. Step out drilling beyond
the mineral resource envelope reported at year-end 2020 has
extended the mineralized envelope to the east with two drill holes
cutting significant mineralization. Extension drilling highlights
include the following estimated true width intercepts: 11.6 g/t of
gold over 4.9 metres at 1,487 metres depth (MEX 20-180W); 2.0 g/t
gold over 20.5 metres at 1,588 metres depth (MEX21-202) as the best
interval in a wide zone of mineralization with five discrete
reported intercepts. See Table 4 for additional results.
Definition drilling also continued in the Odyssey deposit with
3,000 metres drilled from surface and 1,439 metres drilled from
underground.
Table 4: Canadian Malartic, East Gouldie New Drill Intercepts,
Select for Intervals Greater Than 25 gram metre metal factor.
Drill Inclusion Zone Drill From To Core Est. Gold Gold Depth
hole Hole (m) (m) Width True Grade Grade of
Type (m) Width (g/t) (g/t) Midpoint
(m) - - Below
Uncapped 20 g/t Surface
cap (m)*
MEX19-154WC HG WZ Infill 1538.30 1561.60 23.30 21.04 11.68 10.87 -1102.48
South
of HG_WZ Infill 1565.20 1572.00 6.80 6.09 6.18 6.18 -1109.88
South
of HG_WZ Infill 1574.50 1596.00 21.50 19.11 5.92 5.56 -1116.30
MEX20-164WD HG_WZ Infill 1862.00 1872.10 10.10 8.52 4.93 4.93 -1687.70
South
MEX20-166W of HG_SZ Infill 1691.00 1704.00 13.00 12.15 2.61 2.61 -1343.98
MEX20-166WA HG_SZ Infill 1677.00 1696.50 19.50 18.64 2.52 2.52 -1389.58
North
MEX20-171WD of HG_WZ Infill 1774.00 1817.00 43.00 35.65 4.18 4.18 -1607.74
Incl. Infill 1779.30 1800.90 21.60 17.91 6.32 6.32 -1603.83
------------------------ -------- ------
HG_WZ Infill 1826.65 1860.00 33.35 27.27 1.92 1.92 -1641.66
------------------------------------- -------- ------
MEX20-172AWB HG_SZ Infill 1888.00 1927.80 39.80 33.06 5.35 5.00 -1637.43
--------- -------- ------
Incl. Infill 1888.00 1899.00 11.00 9.14 14.19 12.93 -1628.94
North
MEX20-180W of HG_SZ Ext. 1622.00 1627.30 5.30 4.93 16.66 11.55 -1487.29
MEX20-182WA HG_NZ Infill 1608.00 1629.00 21.00 18.54 5.71 5.55 -1329.29
Incl. Infill 1611.45 1617.65 6.20 5.47 14.24 13.68 -1326.53
North
of HG_SZ Infill 1627.60 1635.00 7.40 6.82 5.27 4.88 -1491.80
HG_SZ Infill 1658.10 1674.70 16.60 15.29 2.46 2.46 -1518.54
MEX20-186W HG_SZ Infill 1462.80 1472.55 9.75 9.22 9.24 8.94 -1127.43
--------- -------- ------
Incl. Infill 1467.35 1471.80 4.45 4.21 13.77 13.12 -1128.53
North
MEX20-191WB of HG_SZ Infill 1556.85 1563.00 6.15 5.60 6.47 6.47 -1405.01
North
MEX20-192WB of HG_WZ Infill 1750.00 1773.00 23.00 19.31 2.28 2.28 -1593.22
MEX20-193WC HG_SZ Infill 1733.00 1773.00 40.00 33.24 3.66 3.38 -1556.26
--------- -------- ------
Incl. Infill 1733.00 1744.00 11.00 9.14 4.36 3.35 -1543.80
Incl. Infill 1756.00 1761.00 5.00 4.16 8.45 8.45 -1560.98
------------------------ -------- ------
South
of HG_SZ Infill 1782.00 1796.00 14.00 11.64 2.72 2.72 -1587.12
MEX20-193WD HG_SZ Infill 1754.80 1770.30 15.50 12.35 8.81 8.54 -1538.60
MEX20-195EXT HG_NZ Infill 1574.00 1606.00 32.00 26.82 6.06 5.84 -1236.61
Incl. Infill 1583.00 1588.00 5.00 4.19 12.02 11.43 -1234.37
------------------------ -------- ------
Incl. Infill 1601.20 1604.90 3.70 3.10 8.98 8.98 -1243.05
HG_SZ Infill 1673.00 1695.00 22.00 17.46 2.17 2.17 -1281.39
------------------------------------- -------- ------
MEX20-195EXTW HG_NZ Infill 1536.30 1546.50 10.20 9.86 3.32 3.32 -1174.03
South
of HG_SZ Infill 1638.40 1650.85 12.45 11.85 6.20 6.20 -1232.25
Incl. Infill 1642.20 1646.80 4.60 4.38 9.97 9.97 -1232.18
MEX21-196ZB HG_SZ Infill 1347.00 1352.05 5.05 4.74 11.18 10.98 -1165.86
MEX21-196ZC HG_NZ Infill 1300.40 1315.00 14.60 12.00 5.47 4.25 -1132.96
HG_SZ Infill 1369.00 1382.70 13.70 11.02 3.12 3.12 -1185.69
North
MEX21-197Z** of HG_SZ Infill 1879.55 1898.00 18.45 16.24 2.10 2.10 -1675.42
MEX21-198 HG_SZ Infill 1775.60 1805.00 29.40 24.99 5.23 5.23 -1628.00
Incl. Infill 1795.00 1804.00 9.00 7.65 10.08 10.08 -1635.91
------------------------ -------- ------
MEX21-199 HG_NZ Infill 1379.00 1393.45 14.45 14.03 4.61 4.61 -1132.61
HG_SZ Infill 1467.25 1488.80 21.55 20.69 1.80 1.80 -1186.64
MEX21-201** HG_WZ Infill 1597.40 1607.00 9.60 9.37 2.67 2.67 -1279.32
--------- -------- ------
North
MEX21-202** of HG_SZ Ext. 1787.00 1807.50 20.50 20.48 2.04 2.04 -1588.43
North
MEX21-203R of HG_WZ Infill 1696.40 1700.20 3.80 3.51 14.10 14.10 -1470.55
HG_WZ Infill 1719.40 1746.95 27.55 25.52 7.95 7.95 -1496.07
------------------------------------- -------- ------
Incl. Infill 1728.10 1739.55 11.45 10.61 14.47 14.47 -1496.55
------------------------ -------- ------
South
MEX21-205** of HG_NZ Infill 1040.00 1046.70 6.70 5.33 4.78 4.63 -980.08
40
MEX21-208** HG_WZ m Infill 1509.00 1553.10 44.10 41.42 6.82 6.82 -1069.30
40
Incl. m Infill 1510.00 1531.90 21.90 20.57 10.42 10.42 -1063.58
East
Gouldie
RD20-4674 Ext Exp. 2230.60 2235.55 4.95 4.57 1.84 1.84 -1828.38
East
Gouldie
Ext Exp. 2231.80 2233.70 1.90 1.75 3.78 3.78 -1828.16
New
Zone
South Exp. 2634.55 2645.00 10.45 9.26 3.50 3.50 -2102.45
New
Zone
South Exp. 2637.00 2640.00 3.00 2.66 6.05 6.05 -2101.62
East
Gouldie
RD21-4678 Ext Exp. 2087.40 2093.00 5.60 4.81 6.29 6.29 -1988.66
East
Gouldie
Ext Exp. 2101.70 2103.65 1.95 1.68 1.77 1.77 -1998.92
East
Gouldie
Ext Exp. 2118.50 2119.80 1.30 1.12 7.02 7.02 -2012.42
East
Gouldie
Ext Exp. 2142.00 2143.15 1.15 1.00 6.12 6.12 -2031.58
New
Zone
RD21-4680A South Exp. 2691.10 2697.40 6.30 5.04 1.94 1.94 -2303.22
** Drillhole not surveyed yet, drill rig still on the
set-up.
Figure 10: East Gouldie Longitudinal and Cross Section
Demonstrating Infill Results and East Extension Exploration
Drilling.
For figures, please refer to the announcement on Yamana Gold's
website.
https://www.yamana.com/
Three drills continued to work on the regional exploration
program, with drilling concluded at East Amphi and on the eastern
extension of East Gouldie from the Rand property.
East Amphi is located three kilometres northwest of the Canadian
Malartic pit. To date, 7,900 metres of drilling have been completed
at East Amphi and results indicate the presence of significant
mineralization at depth below the historic workings. Two zones are
being defined with new intercepts in the Nessie zone of 2.16 g/t of
gold over an estimated true width of 17.19 metres in drill hole
EA20-4187, and 14.13 g/t of gold over an estimated true width of
1.70 metres in drill hole EA21-4196. Follow up drilling of the
adjacent Kraken zone, returned an intercept of 2.01 g/t of gold
over an estimated true width of 29.77 metres. This interval is
tentatively interpreted to consist of both the Nessie and Kraken
zones where they converge along strike.
As previously reported, exploration drilling conducted earlier
this year on the Rand property targeting the projected down plunge
extension of the East Gouldie zone encountered significant
mineralization in drill hole RD21-4680A, with an intercept located
1,150 metres from the eastern limit of the East Gouldie mineral
resources reported at year-end 2020. (Please see the Yamana press
release issued April 28, 2021, titled 'Yamana Gold Reports Strong
First Quarter 2021 Production Results', available at www.yamana.com
.) Follow-up drilling in this area has generated two new widely
separated intercepts, reported as estimated true widths in the
projected plane of East Gouldie: 1.84 g/t of gold over 4.57 metres
including 3.78 g/t of gold over an estimated true width of 1.75
metres (RD 20-4674); 6.29 g/t of gold over an estimated true width
of 4.81 metres (RD21-4678).
Extending hole RD20-4674 into the footwall of the East Gouldie
zone resulted in the discovery of a new sub-parallel zone located
400 metres south of the East Gouldie extension reporting 3.50 g/t
of gold over an estimated true width of 9.26 metres, while an
extension of previously reported RD20-4680A reported 1.94 g/t of
gold over an estimated true width of 5.04 metres, also in the new
zone.
These new results extend the East Gouldie zone 1,260 metres
beyond the reported East Gouldie mineral resource and onto the Rand
Malartic property. Combined with the extension hole MEX 21-202
reported above, there is now a strong target area potential for
follow up drilling up dip from the new intercepts. See Figure
10.
All intervals in the East Gouldie Extension and the new zone
consist of sheared metasedimentary rocks of the Pontiac Group, with
pyrite mineralization associated with sericite, carbonate, and
chlorite alteration.
The 2021 budget for infill and exploration drilling on the
Odyssey Underground Project is $11.9 million (50% basis) with the
objective of completing 141,400 metres of drilling, largely on the
East Gouldie deposit. The district exploration budget was increased
from $3.2 million (50% basis) to $4.4 million (50% basis) to drill
an additional four pierce points into the newly defined eastern
extension of the East Gouldie zone.
Qualified Persons
Scientific and technical information contained in this press
release has been reviewed and approved by Henry Marsden (P. Geo.
and Senior Vice President, Exploration). Mr. Marsden is an employee
of Yamana Gold Inc. and a "Qualified Person" as defined by Canadian
Securities Administrators' National Instrument 43-101 - Standards
of Disclosure for Mineral Projects .
Quality Assurance and Quality Control
Yamana incorporates a Quality Assurance and Quality Control
("QA/QC") program for all of its mines and exploration projects
which conforms to industry best practices.
Samples are transported in security sealed bags for preparation
at Geoassay, ALS and SGS analytical laboratories. ALS and SGS are
both ISO 9001:2008 and 17025 certified laboratories, while Geoassay
is undergoing certification. Gold is analyzed by gold fire assay
with 30 grams or 50 grams aliquot and AAS finish. Samples over 5
g/t gold (El Peñón, Minera Florida and Cerro Moro) and 10 g/t gold
(Canadian Malartic) are re-analyzed by gravimetric finish methods.
Silver is determined using a four acid digestion and AAS finish
(ore level) and samples over 30g/t are re-analyzed by gravimetric
finish methods. Five percent of all pulps are further checked by
secondary certified laboratories (ALS, SGS, Bureau Veritas) using
the same analytical methods.
All exploration diamond drill cores are split in half by
mechanical spitting or core sawing and sampled at appropriate
intervals for assay. The remaining core, coarse reject and pulps
are stored on-site in a secure location.
Certified reference standards, duplicates, sterile and blanks
are routinely inserted into the sample stream as a control for
assay accuracy, bias, precision and contamination. The results of
these checks are tracked and failures are re-analyzed. This
information also includes pulp checks carried out in the secondary
lab.
About Yamana
Yamana Gold Inc. is a Canadian-based precious metals producer
with significant gold and silver production, development stage
properties, exploration properties, and land positions throughout
the Americas, including Canada, Brazil, Chile and Argentina. Yamana
plans to continue to build on this base through expansion and
optimization initiatives at existing operating mines, development
of new mines, the advancement of its exploration properties and, at
times, by targeting other consolidation opportunities with a
primary focus in the Americas.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Investor Relations
416-815-0220
1-888-809-0925
Email: investor@yamana.com
FTI Consulting (UK Public Relations)
Sara Powell / Ben Brewerton
+44 7931 765 223 / +44 203 727 1000
Peel Hunt LLP (Joint UK Corporate Broker)
Ross Allister / David McKeown / Alexander Allen
Telephone: +44 (0) 20 7418 8900
Berenberg (Joint UK Corporate Broker)
Matthew Armitt / Jennifer Wyllie / Detlir Elezi
Telephone: +44 (0) 20 3207 7800
Credit Suisse (Joint UK Corporate Broker)
Ben Lawrence / David Nangle
Telephone: +44 (0) 20 7888 8888
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This news
release contains or incorporates by reference "forward-looking
statements" and "forward-looking information" under applicable
Canadian securities legislation and within the meaning of the
United States Private Securities Litigation Reform Act of 1995.
Forward-looking information includes, but is not limited to
information with respect to the Company's strategy, plans or future
financial or operating performance, including exploration drilling
plans, timelines and budgets for 2021 and 2022; the expectation
that an update on the Company's generative exploration program that
will include initial exploration results at Wasamac will be
provided before the end of the month; the potential to add new
mineral reserves and mineral resources; the Company's corporate
strategy of extending mine life through depletion replacement on an
annual basis; potential to significantly extend mine lives at the
Company's operations; the potential and plans for production
increases, and for further high-grade mineralization outside of
core mine areas and mine extensions. Forward-looking statements are
characterized by words such as "plan", "expect", "budget",
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conditions "may" or "will" occur. Forward-looking statements are
based on the opinions, assumptions and estimates of management
considered reasonable at the date the statements are made, and are
inherently subject to a variety of risks and uncertainties and
other known and unknown factors that could cause actual events or
results to differ materially from those projected in the
forward-looking statements. These factors include the Company's
expectations in connection with the production and exploration,
development and expansion plans at the Company's projects discussed
herein being met, the impact of proposed optimizations at the
Company's projects, changes in national and local government
legislation, taxation, controls or regulations and/or change in the
administration of laws, policies and practices, and the impact of
general business and economic conditions, global liquidity and
credit availability on the timing of cash flows and the values of
assets and liabilities based on projected future conditions,
fluctuating metal prices (such as gold, silver, copper and zinc),
currency exchange rates (such as the Canadian Dollar, the Brazilian
Real, the Chilean Peso and the Argentine Peso versus the United
States Dollar), the impact of inflation, possible variations in ore
grade or recovery rates, changes in the Company's hedging program,
changes in accounting policies, changes in mineral resources and
mineral reserves, risks related to asset dispositions, risks
related to metal purchase agreements, risks related to
acquisitions, changes in project parameters as plans continue to be
refined, changes in project development, construction, production
and commissioning time frames, risks associated with infectious
diseases, including COVID-19, unanticipated costs and expenses,
higher prices for fuel, steel, power, labour and other consumables
contributing to higher costs and general risks of the mining
industry, failure of plant, equipment or processes to operate as
anticipated, unexpected changes in mine life, final pricing for
concentrate sales, unanticipated results of future studies,
seasonality and unanticipated weather changes, costs and timing of
the development of new deposits, success of exploration activities,
permitting timelines, government regulation and the risk of
government expropriation or nationalization of mining operations,
risks related to relying on local advisors and consultants in
foreign jurisdictions, environmental risks, unanticipated
reclamation expenses, risks relating to joint venture operations,
title disputes or claims, limitations on insurance coverage, timing
and possible outcome of pending and outstanding litigation and
labour disputes, risks related to enforcing legal rights in foreign
jurisdictions, as well as those risk factors discussed or referred
to herein and in the Company's Annual Information Form filed with
the securities regulatory authorities in all provinces of Canada
and available at www.sedar.com , and the Company's Annual Report on
Form 40-F filed with the United States Securities and Exchange
Commission. Although the Company has attempted to identify
important factors that could cause actual actions, events or
results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be anticipated, estimated or
intended. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
The Company undertakes no obligation to update forward-looking
statements if circumstances or management's estimates, assumptions
or opinions should change, except as required by applicable law.
The reader is cautioned not to place undue reliance on
forward-looking statements. The forward-looking information
contained herein is presented for the purpose of assisting
investors in understanding the Company's plans and objectives in
connection with its exploration programs and results of exploration
for the objectives and may not be appropriate for other
purposes.
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(END) Dow Jones Newswires
September 07, 2021 02:04 ET (06:04 GMT)
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