Located 80 kilometres south of Chapada, the Pilar exploration concessions comprise 590 square kilometers overlying an under-explored Archean Greenstone Belt.
Project Status
Advanced Exploration
Type of Operation
Pilar is expected to commence production as an underground mine before developing into an open-pit for the latter part of its mine life
Highlights
- Pilar is located on a greenstone belt known to host at least 38 gold occurrences and with documented historic gold production of more than two million ounces.
- Virtually unexplored when acquired, Pilar has since advanced to be one of Yamana’s most important development projects. To date, 43,000 metres of drilling has been completed and 11,000 metres of drilling is currently in progress along with an exploration ramp for continuity of grade and accelerating development work.
- Significant potential exists for one or more discoveries which would further increase targeted production levels.
- A resource estimate for 2008 drilling was released in the second quarter of 2009 substantially increasing the resource by 51% and improving grade by 48% compared to the previous estimate.
- Currently progressing exploration ramp for grade continuity and to accelerate development work.
- A feasibility study is expected in mid-2010.
Resources
(at April 13, 2009)
Inferred Resources
(exclusive of reserves)
12.6M tonnes at 3.61 grams/tonne gold = 1.5M ounces of gold