Nordgold reports Taparko 2018 Exploration Update

London, United Kingdom, 20 July 2018 - Nord Gold SE (“Nordgold” or the “Company”), the internationally diversified gold producer, is pleased to report that its 2018 exploration program is advancing rapidly at its Taparko mine in Burkina Faso, and is on track to achieve its objectives of replacing mined gold and increasing resources. In 2017, exploration activity added more than 200 koz to Taparko’s Mineral Resources and some 100 koz added to the Ore Reserves. In 2018, Taparko’s specialist team plans to drill more than 40km in order to replace and increase reserves and resources.

Nordgold is working simultaneously at different scales and depth levels at Taparko. 2018 plans envisage an aggressive programme that includes:

  • Taparko: Adding over 200 koz of gold to reserves in and around existing pits, focusing on 35 and 2N2K pits
  • Taparko Undergound Potential: Testing to define underground reserves for potential exploitation in the medium term
  • Goengo-Tangarsi: A program of reserve definition, resource addition, and various permitting activities will come into effect at the Samtenga, Ronguen, Zinigma, Yimiougou satellite deposits, enabling these reserves to be put into production progressively between 2019 and 2022.
  • Satellites: Continuing to expand on the successful identification of ore at satellite deposits near Taparko. Special attention is being paid to the Yeou deposit, the Nayiri ore zone, and early brownfields drilling on high priority anomalies elsewhere on the large Taparko mining license.

Arnand Van Heerden, Mineral Resources Director of Nordgold, commented:

“Taparko is maintaining sustainable annual production and resources replacement volumes. Each year the mine continues with large exploration activity, which helps Taparko to remain an important employer and taxpayer in Burkina Faso. The project also has a strong track record of exploration development throughout satellite deposits. Moreover, this year we’ve got an important mission to evaluate the underground potential of Taparko. This is a substantial step in Nordgold’s strategy to extend the life of mine of its assets.”

For further information, please contact:

Nordgold
Andrei Naumov
Media Relations Specialist
Tel: +7 495 644 4473
Powerscourt
Peter Ogden
Giles Read
Tel: +44 (0) 20 7250 1446


Press release
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