Mining company Golden Star Resources has more than doubled the inferred mineral resource estimate of its underground gold project in Wassa, in the western part of Ghana.
New assessment suggests 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 percent 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,” Chief Executive Officer of of Golden Star Resources, Sam Coetze said in a statement.
Mr. Coetze also explained that a preliminary economic assessment of the mine’s inferred resources will be launched before the end of the second quarter of 2018.
Apart from its Wassa underground mine which has been in commercial production since January 2017, Golden Star also operates Prestea mine in Ghana.