Golden Star Resources announced late last week that it has more than doubled the inferred mineral resource estimate of its underground gold project in Wassa, in Ghana.

According to the new assessment, the mine would host 44.9 million tons of inferred resources, grading 3.6 g/t gold. It would contain 5.2 million ounces of gold, 147% more than previously estimated.

“By more than doubling the Inferred Mineral Resources at Wassa Underground mine, we have begun to demonstrate the compelling potential of this asset in the longer term,” said the CEO Sam Coetzer.

He indicated that a preliminary economic assessment of the mine’s inferred resources will be launched before the end of the second quarter of 2018.

Let’s recall that in addition to the Wassa underground mine which has been in commercial production since January 2017, the company also operates Prestea mine in Ghana.

Louis-Nino Kansoun