Burkina Faso: SEMAFO to proceed to exploration activities with $11 million in 2016
Tuesday, 02 February 2016 18:21
SEMAFO inc (TSX : SMF) (OMX : SMF) fixed at $11 million the amount to be invested in its exploration projects in Burkina Faso this year. The sum will be injected in its Natougou, Mana projects as well as others susceptible of needing an investment.
$6 million will be injected into exploration activities in Natougou (Tapao permit). These activities include various drilling programs: 20,000 m reverse drilling, 60,000 m auger drilling, 6,000 m core drilling. The last one aims to insure continuity of the mineralization zone under the footwall of the Bougou shear zone. The control will extend to the South-Western area of the Natougou deposit.
In Mana, $4.5 million will be invested to proceed to a 27,000 m reverse drilling on the three areas south of the Mana factory. Moreover, the firm plans to drill another 27,000 m with auger in the areas that are at truck-transport distance from the Mana factory.
Stéphanie C. TOHON
Live News
-
IMF appoints Mauritania’s Zeidane to head Africa Department
18:56
-
BCEAO sets June 30 deadline for operators to join instant payment platform
18:52
-
Mauritania’s Zeine Zeidane appointed director of IMF Africa Department
18:47
-
Cameroon higher education group plans microfinance bank for student startups
18:34
-
Internet Freedom in Africa Remains Uneven in 2026 Despite Rising Access
18:30
-
Cameroon Delivers Tractors to Agropoles to Scale Production and Agro-Processing
18:28
-
Togo receives CFA1.6B Chinese rice donation to support food security
15:01
-
Africa’s $35bn sports tourism opportunity: growth accelerates alongside traditional travel sectors
14:37
-
Uganda: UN Women, Equity Bank launch programme for women entrepreneurs in underserved communities
14:33
-
Chevron Approves Investment in Equatorial Guinea’s Aseng Gas Project
13:36
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
Efforts to reinforce health systems are gaining pace across Africa, with this week’s developments fo...
Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...
Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize p...
ECOWAS and IMF sign cooperation framework to strengthen policy alignment West Africa’s grow...
Mauritanian Zeine Zeidane has been appointed director of the IMF’s Africa Department. A former prime minister and an IMF official for more than a decade,...
Africa’s sports economy could expand from $12bn to $30-35bn over the next decade Tourism contributes up to 8% of GDP across the continent,...
A two-year partnership will support women entrepreneurs with finance and training The initiative targets underserved and refugee-hosting...
Burkina Faso recorded a $1.6 billion trade surplus in Q4 2025, up sharply from the previous quarter. Gold accounted for 96.8% of total...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...