THE latest drilling results from Golden Star’s Wassa underground exploration work demonstrated that the property had “substantial potential at depth,” according to Sam Coetzer, president and CEO of the Toronto-listed gold firm.
“They [the drilling results] provide further confirmation that the ore body extends approximately 600 metres to the south of the current Mineral Reserves and remains open,” said Coetzer. “Importantly, they also suggest that it may widen at depth,” he added. Wassa is situated in Ghana along with Prestea, Golden Star’s other operating asset.
Late last year, Golden Star said it would postpone the push back of Wassa’s open pit development – making it exclusively underground – until there was an improvement in the gold price. The development surprised some analysts.
“Wassa Underground is a central part of our exploration strategy in 2018 and I look forward to releasing further information about our other exploration targets during this quarter,” said Coetzer.