Tag Archive for samira_hill

Niger: Canadian gold company reporting two new strikes

The Canadian run Samira Hill mine near the Niger/Burkina border reports two new expansions. Pres. Tandja received the first gold bar in 07, and apparently signed big deals in 2009, of which this is fruition. SEMAFO CEO Benoit La Salle: "The Samira Horizon remains an important mining district for SEMAFO, hence our decision earlier this year to proceed with a two-year $6,000,000 exploration program on the property…. We are encouraged by these new discoveries at Samira Hill, the results of which may become part of our reserves and resources base and ultimately extend mine life. We believe that our continued exploration programs to fully define the property will ultimately benefit from existing infrastructures and contribute to increase value for our shareholders." It would be interesting to see the full contracts signed with the Tandja government, and where that cash went, and to see if any went to protect the nearby W Transboundry Park from the arsenic pools used to process ore.