Markets

UPDATE: Golden Star Resources Reports Drilling Success at Wassa Main; Adds Three Drilling Rigs to Program

Golden Star Resources Ltd. (GSC.TO)today provided an update on exploration activities at its Wassa mine in Ghana.

Shares of the company have built on earlier gains and are now up 4.5% at $1.16 after hitting an intraday high of $1.17.

Highlights:

-Intersects 59.4 meters grading 2.5 grams per tonne (g/t) gold beneath the current 242 reserve pit designs

- Intersects 25.2 meters grading 4.1 g/t gold and 20.6 meters grading 2.7 g/t gold beneath the currently operating Starter Pit

-Intersects 33.9 meters grading 2.2 g/t gold and 31.9 meters grading 1.8 g/t gold beneath the currently operating South East Pit

Golden Star has added three contractor-operated drilling rigs to complete Phases 1 and 2 of the program, and expects to spend approximately $10.4 million over the next nine months.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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

Other Topics

Commodities

Latest Markets Videos