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SEMAFO Up Nearly 2% on Initial Drill Results at Mana's Massala-Saoura

SEMAFO (SMF.TO) today provided an update on the air core drilling program under way on the Massala and Saoura permits located approximately 90 kilometers north of the Mana Mill in Burkina Faso.

It said air core drilling was carried out during the first half of 2011 following the completion of magnetic and Helitem surveys, which identified regional scale anomalies associated with historical surface sample results ranging up to 13.8 g/t Au. With less than 15% of assayed samples received from the total 28,235 meters drilled, preliminary results already indicate the potential for significant mineralization. Hole MAC11-1613 returned 6.77 g/t Au across 8 meters along what appears to be a regional scale geological contact identified from the airborne magnetic-Helitem survey.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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