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
-
Togo Lawmakers Approve Green Reform Bill Introducing Carbon Tax
20:02
-
Two Agriculture Projects Launch to Strengthen Climate Resilience in Northern Cameroon
19:41
-
Cameroon Weighs Co-Financing Plan to Link Youth Plantain Farmers to Markets and Financial Access
19:38
-
Nigeria’s Port Traffic Rises 24.8% in 2025, Lekki Port Handles 40.6% of Cargo
19:28
-
Meriam Bessa Uses AI to Restructure Influencer Marketing in Morocco
04:40
-
Orange Business Partners With Dakar Port to Advance Smart Port Strategy
04:37
-
Smart Africa, MeetKai Launch Sovereign AI Infrastructure Pilot in Five African Countries
04:24
-
Telemedicine Startup Kénèya Koura Seeks to Modernize Mali’s Healthcare System
04:18
-
Togo raises 22 bln CFA francs on regional debt market
17:16
-
Luxembourg, through LuxDev, to finance higher education projects in Togo
13:26
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...
Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
Togo lawmakers approve bill updating 2008 environmental framework law Reform introduces green economy, circular economy, and carbon tax Measure aims...
Germany funds €4m agriculture, soil health projects in northern Cameroon RESEAU and Soil Matters aim to boost climate resilience Projects promote...
Cameroon considers programme incubating 20 youth in plantain agribusiness Initiative links plantations to markets, financing, and banking...
East Africa processed 38,500 tons of cashews in 2025, up 5% Tanzania led growth, processing 20,000 tons, 52% regional share Processing capacity...
African-born artists generated $77.2 million in auction sales in 2024, down 31.9% year-on-year. Women artists accounted for about $22...
In April 2026, the Amani Festival will change venues. Forced to leave Goma for Lubumbashi due to growing insecurity, the event turns displacement into an...