Partners outline resource at Yaou and Dorlin in French Guiana

Three-way partners Guyanor Ressources (grl.b-t), Cambior (cbj-t) and Cambiex Exploration (cbx-t) have produced a resource estimate for the Yaou and Dorlin gold projects in French Guiana.

At Yaou property, the measured and indicated resource stands at 11.2 million tonnes grading 2.2 grams gold per tonne (792,000 oz. per ton). About 40% of the resource is contained in near-surface saprolite.

The estimate was based on results from 181 diamond drill holes totalling 30,869 metres and on a gold price of US$400 per oz. The estimate drops by 12% when a gold price of US$350 per oz. is used.

At Dorlin, the measured and indicated resource is 8.5 million tonnes grading 1.3 grams gold (355,000 oz.), 80% of which is saprolite.

The resource is based on results from 72 diamond drill holes totalling 9,639 metres and 1,485 metres of auger drilling. Again, a gold price of US$400 per oz. was used; if US$350 per oz. is used, the estimate drops by 20%.

The joint venture plans to spend US$1.2 million at Yaou during the rest of the year. Drilling will focus on infill work at Yaou Central, while the A zone remains open to the north and a depth; the B zone is open to the east, west and at depth; the C-L zone requires additional drilling and is open at depth; to the north, the J zone is open along strike.

The Chaina target, 7 km southwest of Yaou Central, will also be targeted for further drilling.

At Dorlin, the partners plan to spend US$3 million over the remainder of the year. The budget calls for 10,000 metres of core drilling with two drills at the Nivre zone. A second rig is being mobilized to Dorlin; about 1,500 metres of drilling have already been completed.