Yamana Gold Inc.
AMEX : AUY
TSX : YRI
AIM : YAU

Yamana Gold Inc.

May 16, 2006 16:01 ET

Yamana Announces Positive Drill Results at Canavieiras, C1 Santa Luz and Pau-a-Pique Targets, Brazil

TORONTO, ONTARIO--(CCNMatthews - May 16, 2006) - Yamana Gold Inc. (TSX:YRI)(AMEX:AUY)(AIM:YAU) reports that it has received additional results from diamond drilling at its Canavieiras project in the Jacobina Complex, Bahia, the C1 Santa Luz project in the Rio Itapicuru Greenstone Belt (RIGB), Bahia and Pau-a-Pique in the Santa Elina Gold Belt, Mato Grosso. Yamana holds mineral concessions on three major Gold Belts in Brazil and an extensive exploration land position in Central America.

These additional results relate to only the current targets, two of which are advanced development stage projects and another which is a new target on the Santa Elina Gold Belt.

- High grade gold mineralization intersected in southern extension of Canavieiras, including 5.7m @ 13.74 g/t, 5.9m @ 10.03 g/t and 3.2m @ 14.29 g/t

- Step out hole 1.6 km south of old workings at Canavieiras confirms major extension of mineralized stratigraphy and cuts 4.7m @ 6.67 g/t and 15.5m @ 2.52 g/t

- In-fill drilling at C1 Santa Luz confirms higher grade zone in existing resource including 32m @ 4.0g/t and 26m @ 3.3g Au/t

- Resource expansion drilling at C1 Santa Luz extends zone to north and northwest; results include 8m @ 4.6g Au/t

- First two holes at Pau-a-Pique cut 6.5m @ 4.21g/t and 9.5m @ 5.93g/t in well mineralized vertical shear zone to a depth of 150m

Yamana has budgeted US17.4 million for exploration in 2006 on its extensive land holdings in Brazil and Central America. These new results continue to confirm the excellent potential to significantly expand resources and reserves as well as to outline new higher grade deposits. Currently there are 25 drills operating on 9 projects. As additional drilling results are received Yamana will be issuing regular updates.

More detailed highlights follow:

Canavieiras

At Canavieiras 2,959 m of drilling in six holes have been completed to test the southern extension of the mineralized conglomerate reefs including a step out hole 1.6 km south of the old workings. Table 1 below lists significant results and Figure 1 shows the location of the drill holes including the step out hole. Highlights from these holes are as follows (all widths are true widths):

Hollandez reef (approx. 130 metres above Piritoso-Liberino reefs previously mined to the north)

- CAN-115: 3.2m @ 14.29 g Au/t (11.22 g Au/t with highs cut to 30 g/t;)

- CAN-116: 7.2m @ 4.55 g Au/t

- CAN-117: 2.1m @ 6.14 g Au/t

- CAN-119: 3.4m @ 4.72 g Au/t

Piritoso-Liberino reefs (southern extension of reefs previously mined)

- CAN-115: 2.3m @16.34 g Au/t (10.32 cut; Piritoso reef)

- CAN-116: 4.5m @ 13.27 g Au/t (8.04 cut; Piritoso reef)

- CAN-117: 1.6m @ 8.03 g Au/t (Liberino reef)

- CAN-117: 5.9m @ 10.03 g Au/t (8.46 cut; Piritoso reef)

- CAN-118: 5.7m @ 13.74 g Au/t (12.19 cut; Piritoso reef)

MU reef (approximately 50m below reefs previously mined

- CAN-119: 15.9m @ 3.24 g Au/t (3.15 cut) incl. 3.7m @ 10.24 g Au/t (9.85 cut)

Step-out Hole 1.6km south of old mine workings

- CAN-120: 4.7m @ 6.67 g Au/t (2.79 cut; Maneira reef)

- CAN-120: 15.5m @ 2.52 g Au/t incl. 6.8m @ 3.04 g Au/t (MU reef)

- CAN-120: 7.3m @ 1.89 g Au/t (Hollandez Reef)

These new drill results continue to confirm the excellent potential to outline a substantial higher grade deposit at Canavieiras. Yamana is currently reviewing options to provide underground access to facilitate further drilling and future development as well as expanding the exploration of the full 3 km strike length of this belt.

The former Canavieiras mine is located 3km north of the Jacobina mine processing plant. Past production, primarily from the Piritoso and Liberino conglomerate reefs was 458,247 tonnes at a grade of 8.65 g Au/t. Measured and indicated mineral resources at Canavieiras, mainly in recently discovered conglomerate layers 50-100 m below the old mine workings are 1,990,000 tonnes at 3.54 g Au/t containing 227,000 ounces. Inferred mineral resources are estimated at 6,900,000 tonnes grading 3.29 g Au/t containing 730,000 ounces (see Desert Sun Mining press release December 20, 2005). The resources are open along strike to the south and down dip to the east.

The conglomerates in the Canavieiras mine area are in the top of the stratigraphic sequence of the Serra do Corrego Formation close to the upper contact with the quartzites of the Rio do Ouro Formation. Geological mapping by Yamana and previous workings indicates that the favourable stratigraphy may extend as much as 3km south of the old mine with a target zone up to 500 m wide. Geostatistical analysis of assay data indicates that there are two principal mineralizing events -- an early north-south trending quartz-pyrite-gold stage that is overprinted by a later, higher grade northwest-southeast trending hematite-quartz-gold stage. This later, higher grade stage of mineralization is also present in the FW reef zone at the Jacobina Mine, in the Main Reef zone previously mined at Morro do Vento and at Pindobacu, 50 km north of Jacobina.

At Canavieiras, holes CAN-116-119 were drilled from an old adit (Galleria 6) located 230m south of the old mine workings. CAN-115 was collared at surface midway between the adit and south end of the old mine workings. Hole CAN-120 was a surface step-out hole collared 1.8km south of the old Canavieiras mine workings to test the favourable stratigraphy that is exposed in outcrop and has a number of garimpeiro (free or artisanal miner) workings.

The two reefs previously mined, Piritoso and Liberino, were typically 1-2 m thick and are separated by 10-20m of quartzite. In the south extension, new drilling indicates that the thickness of the Piritoso reef increases to an average of 5-6m while still maintaining the high grades (10-13 g Au/t uncut; 8-- 12 g Au/t with highs cut to 30 g Au/t) typical of the Piritoso reef at the old mine. The MU reef which is approximately 50m below the reefs previously mined was intersected in CAN-119 and returned 3.24 g Au/t (3.15 g/t cut) over 15.9 m true width including 10.24 g Au/t (9.85 cut) over 3.7 m true width in CAN-119. This reef was not intersected in holes CAN-116-118 because of faulting which has likely offset this target reef deeper to the east.

Drilling is continuing at Canavieiras with one underground and one surface drill rig. The Yamana mining and exploration team is preparing a comprehensive exploration and development plan for Canavieiras to evaluate the economics of exploiting the current mineral resources and to provide underground access to facilitate more efficient drill testing of the many target areas. Further step-out drilling is planned to evaluate the potential of the full 3 km strike length.

C1-Santa Luz

Infill and resource expansion drilling program is currently in progress at C1 Santa Luz located 60 km north of Yamana's Fazenda Braziliero Mine in the RIGB. Year to date 12,800 m in 41 diamond drill holes have been completed. Results of infill drilling have confirmed the existence of higher grade zones inside the previously defined resource (see press release December 15, 2005), as per example holes MP111 with 26 m @ 3.3g Au/t (to 360 m depth) and MP059 with 3 2m @ 4.0g/t (up to 170m) located at north and centre of the resource area, respectively. Step out drilling program results have confirmed the continuity of the mineralized zone towards the northwest, outside the previously defined resource area, as per example hole MP-075 with 8 m @ 4.6g Au/t (to 265 m depth). Table 2 lists significant results of the drilling and Figure 2 is a plan map showing the locations of the drill holes.

Highlights from both infill and expansion drilling are as follows:



----------------------------------------------------------------------
Hole Best Intersections (Bottom Depth; Core length essentially
equal to true width)
----------------------------------------------------------------------
MP-56 9.0 m @ 9.47g/t (203 m) incl. 6.6 m @ 12.3g/t
----------------------------------------------------------------------
MP-59 32.8 m @ 4.00g/t (170.05 m) incl. 13.0 m @ 6.89g/t
----------------------------------------------------------------------
MP-60 19.4 m @ 2.10g/t (223.20 m) incl. 12.0 m @ 2.70
----------------------------------------------------------------------
MP-62 16.0 m @ 3.18g/t (154 m) incl. 7 m @ 4.83g/t
----------------------------------------------------------------------
MP-63 29.0 m @ 1.63g/t (84 m) incl. 7 m @ 3.49g/t
----------------------------------------------------------------------
MP-65 28.4 m @ 1.78g/t (165.72 m) incl. 3.25 m @ 4.9g/t
----------------------------------------------------------------------
MP-69 24.6 m @ 1.43g/t (269.21 m) incl. 10.5 m @ 2.34g/t
----------------------------------------------------------------------
MP-71 9.43 m @ 4.56g/t (501 m) incl. 4.84 m @ 6.37g/t
----------------------------------------------------------------------
MP-75 8.6 m @ 4.62g/t (295.55 m)
----------------------------------------------------------------------
MP-79 5.0 m @ 6.29g/t (133 m)
----------------------------------------------------------------------
MP-82 36.5 m @ 1.82g/t (237.43 m) incl. 12.3 m @ 2.8g/t
----------------------------------------------------------------------
MP-83 23.4 m @ 5.55g/t (74.4 m) incl. 10.9 m @ 10.60
----------------------------------------------------------------------
MP-89 20.0 m @ 1.68g/t (269 m) incl. 9.1 m @ 2.82g/t
----------------------------------------------------------------------
MP-92 7.0 m @ 10.28g/t (288 m) incl. 2.75 m @ 25.03g/t
----------------------------------------------------------------------
MP-93 16.0 m @ 2.72g/t (273.3 m) incl. 4.3 m @ 5.82g/t
----------------------------------------------------------------------
MP-94 19.25 m @ 2.5g/t (269,2 m) incl. 12.2 m @ 2.95g/t
----------------------------------------------------------------------
MP-95 4.55 m @ 3.19g/t (305 m)
----------------------------------------------------------------------
MP-111 26.0 m @ 3.33g/t (362.4 m) incl. 9.1 m @ 4.48g/t
----------------------------------------------------------------------
MP-117 7.7 m @ 0.55g/t (725.72 m)
----------------------------------------------------------------------


The results at C1 Santa Luz supports the view that the resources are more than reported in the initial scoping study and that the potential operation at C1 Santa Luz will be larger than originally envisaged. A feasibility study is planned for early in 2007.

Drilling at C1 Santa Luz is continuing with seven drill rigs. Exploration of satellite targets is also underway through geological mapping, chip/soil sampling and RAB drilling. The most advanced target is the Mansinha trend, which is a 9 km trending shear zone with several deposits partially mined by former operators. These targets are located at a minimum distance of 2 km (southern edge) and a maximum distance of 10 km (northern edge) from C1 Santa Luz. RAB results and geological mapping have confirmed the continuity of the mineralization along this trend. Mineralization occurs within a quartz vein zone averaging 10 metres in thickness associated with dioritic intrusions in a contact zone between volcaniclastic and sedimentary sequences.

Pau-a-Pique (Santa Elina Gold Belt)

At Pau-a-Pique, located 120km km south of Yamana's Sao Franciso Mine in the Santa Elina Gold Belt, Hole PQ-01 intersected 13.0 m @ 4.21g/t (true thickness of 6.50 m) and hole PQ-02, 21.80 m @ 5.93g/t (true thickness of 9.50 m) in a north-south striking, near vertical shear zone adjacent to an old garimpos (free miners) pit. The hydrothermal alteration zone that is related to this shear zone and hosts the mineralization is located on the boundary between local basement tonalites and metaconglomerates of the Proterozoic Aguapei Group as shown in Figure 3. The alteration is characterized by the presence of sericite, magnetite, quartz, pyrite and gold. In both holes the best grades are closely related to the pyrite content. Pyrite occurs both as fresh cubic crystal from a few millimeters to 3 centimetres in width as well in clusters within quartz. The holes tested the structure to a depth of 150m below surface. Further drilling is in progress.

Yamana's unique circumstance is that with such a dominant land position in an area where it is mining with existing infrastructure, it has many opportunities for new discoveries.

Assaying for all of the programs was carried out by Lakefield Geosol, an ISO 9001, 2000 laboratory based in Belo Horizonte, Brazil, using fire assay on 50 gram pulps. Samples for the RIGB and Pau-a-Pique projects were initially prepared in local preparation facilities following procedures setup by Yamana's sampling consultants. An industry standard QA/QC program is active on all sites. Security is maintained at the core logging and sampling facilities. Dr. Bill Pearson, P.Geo. is the Qualified Person as defined under National Instrument 43-101 responsible for the scientific and technical work on the exploration program at Canavieiras. Dr. Evandro Cintra, Vice President, Exploration is the Qualified Person responsible for the exploration programs in RIGB and Pau-a-Pique.

Yamana is a Canadian gold producer with significant gold production, gold and copper-gold development stage properties, exploration properties and land positions in Brazil and Central America. Yamana expects to produce gold at intermediate company production levels by 2006 in addition to significant copper production by 2007. Company management plans to build on this base through the advancement of its exploration properties and by targeting other gold consolidation opportunities in Brazil and elsewhere in Latin America.

FORWARD-LOOKING STATEMENTS: This news release contains "forward-looking statements", within the meaning of the United States Private Securities Litigation Reform Act of 1995 and similar Canadian legislation, concerning the business, operations and financial performance and condition of Yamana Gold Inc. Forward-looking statements include, but are not limited to, statements with respect to estimated production, synergies and financial impact of the proposed transaction; the benefits of the proposed transaction and the development potential of Yamana's properties; the future price of gold and copper; the estimation of mineral reserves and resources; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; capital expenditures; success of exploration activities; permitting time lines and permitting, mining or processing issues; currency exchange rate fluctuations; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; title disputes or claims; and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Yamana to be materially different from those expressed or implied by such forward-looking statements,
including but not limited to risks related to: unexpected events during construction, expansion and start-up; variations in ore grade, tonnes mined, crushed or milled; variations in relative amounts of refractory, non-refractory and transition ores; delay or failure to receive board or government approvals; timing and availability of external financing on acceptable terms; the business of Yamana not being integrated successfully or such integration proving more difficult, time consuming or costly than expected; not realizing on the anticipated benefits from acquisition transactions or not realizing on such anticipated benefits within the expected time frame; risks related to international operations; actual results of current exploration activities; actual results of current reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold and copper; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in the completion of development or construction activities, as well as those factors discussed in or referred to in the current annual Management's Discussion and Analysis and current Annual Information Form of Yamana filed with the securities regulatory authorities in Canada and available at www.sedar.com, and Yamana's Annual Report on Form 40-F, filed with the United States Securities and Exchange Commission. Although management of Yamana has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Yamana does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.

Mineral resources which are not mineral reserves do not have demonstrated economic viability. Readers should refer to the respective Annual Information Forms of Yamana for the year ended December 31, 2005, and other continuous disclosure documents filed by the Company available at www.sedar.com, for further information relating to the mineral resources and mineral reserves.

Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources: This news release uses the terms "Measured", "Indicated" and "Inferred" Resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable.



Table 1: Summary of Significant Drilling Results, for Canavieiras to
May 10, 2006

Hole (1) From To Length True Gold Reef Depth (2)
Width (g/t) Below 570L
CAN-115
(3) 116.75 124.28 7.53 3.2 14.29 Holandez 45
highs cut to 30 g/t
155.92 157.79 1.87 0.8 1.81 Liberino 89
173.50 178.99 5.49 2.3 16.34 Piritoso 95
highs cut to 30 g/t 10.32
MU and LU reefs not intersected due to faulting and intrusive

CAN-116 0.00 1.10 1.10 1.1 1.42 Maneira 70m above
76.03 83.45 7.42 7.2 4.55 Holandez 9
198.70 201.00 2.30 2.2 4.58 Liberino 125
218.37 223.00 4.63 4.5 13.27 Piritoso 145
highs cut to 30 g/t 8.04
MU and LU reefs not intersected due to faulting

CAN-117 0.00 2.37 2.37 2.3 1.89 Maneira 70m above
80.75 82.94 2.19 2.1 6.14 Holandez 10m above
211.27 213.06 1.79 1.7 1.53 Holandez 130
248.87 250.55 1.68 1.6 8.03 Liberino 165
271.68 277.85 6.17 5.9 10.03 Piritoso 190
highs cut to 30 g/t 8.46
MU and LU reefs not intersected due to faulting

CAN-118 0.00 1.50 1.50 1.4 2.51 Maneira 70m above
138.95 139.93 0.98 0.9 3.26 Holandez 60
187.65 188.62 0.97 0.9 2.51 Liberino 105
198.52 204.46 5.94 5.7 13.74 Piritoso 120
highs cut to 30 g/t 12.19
MU and LU reefs not intersected due to faulting

CAN-119 1.20 3.30 2.10 1.2 2.50 Maneira 70m above
147.00 153.14 6.14 3.4 4.72 Holandez 80
254.04 254.84 0.80 0.4 4.86 Liberino 183
290.83 293.26 2.43 1.3 1.31 Piritoso 225
337.42 366.24 28.82 15.9 3.24 MU total 278
highs cut to 30 g/t 3.15
incl. 386.28 392.96 6.68 3.7 10.24 MU 290
highs cut to 30 g/t 9.85

CAN-120 197.58 204.65 7.07 4.7 6.67 Maneira 33m above
highs cut to 30 g/t 2.79
350.55 361.40 10.85 7.3 1.89 Holandez 125
incl. 350.55 351.44 0.89 0.6 4.78 Holandez 120
incl. 360.43 361.40 0.97 0.6 12.56 Holandez 130
373.23 374.99 1.76 1.2 2.06 Holandez 150
390.78 413.84 23.06 15.5 2.52 MU Total 190
incl. 390.78 401.00 10.22 6.8 3.04 MU 170
incl. 405.60 413.84 8.24 5.5 3.12 MU 175
incl. 409.86 413.84 3.98 2.7 5.76 MU 185
419.14 420.55 1.41 0.9 1.76 LU 194
Piritoso and Liberino reefs not intersected due to faulting
(1) all holes are NQ core size; CAN 116 to -119 were drilled from
Galleria 6
(2) depth calculated based on midpoint of intersection
(3) hole drilled in December 2005


Table 1A: Collar Coordinates and Lengths of New Drill Holes,
Canavieiras

Hole Easting Northing Elev. Length Az Dip
CAN-115 335166 8757925 647 365.30 64 -86
CAN-116 335267 8757854 641 373.00 259 -78
CAN-117 335261 8757851 641 390.90 228 -68
CAN-118 335262 8757853 641 307.50 305 -67
CAN-119 335262 8757852 642 578.40 153 -85
CAN-120 335474 8756332 801 646.40 275 -88


Table 2: Summary of Significant Drilling Results, for C1-Santa Luz to
May 10, 2006

-----------------------------------------------------
Hole From To Width Gold
(g/t)
-----------------------------------------------------
MP-059 106.44 110.87 4.43 1.03
-----------------------------------------------------
137.30 170.05 32.75 4.00
-----------------------------------------------------
incl. 138.40 151.37 12.97 6.89
-----------------------------------------------------
MP-083 51.00 74.40 23.40 5.55
-----------------------------------------------------
incl. 63.52 74.40 10.88 10.60
-----------------------------------------------------
MP-056 194.00 203.05 9.05 9.47
-----------------------------------------------------
incl. 194.00 200.60 12.30 6.60
-----------------------------------------------------
MP-111 336.35 362.40 26.05 3.33
-----------------------------------------------------
incl. 353.32 362.40 9.08 4.48
-----------------------------------------------------
MP-094 250.00 269.25 19.25 2.50
-----------------------------------------------------
incl. 254.54 266.75 12.21 2.95
-----------------------------------------------------
MP-062 138.00 154.00 16.00 3.18
-----------------------------------------------------
incl. 146.95 154.00 7.05 4.83
-----------------------------------------------------
MP-063 55.00 84.00 29.00 1.63
-----------------------------------------------------
incl. 77.00 84.00 7.00 3.49
-----------------------------------------------------
MP-082 200.90 237.43 36.53 1.82
-----------------------------------------------------
incl. 204.00 216.34 12.34 2.80
-----------------------------------------------------
MP-060 203.85 223.20 19.35 2.10
-----------------------------------------------------
incl. 207.00 219.00 12.00 2.70
-----------------------------------------------------
MP-089 225.83 237.28 11.45 1.13
-----------------------------------------------------
incl. 249.00 269.00 20.00 1.68
-----------------------------------------------------
incl. 255.93 265.00 9.07 2.82
-----------------------------------------------------
MP-093 257.27 273.30 16.03 2.72
-----------------------------------------------------
incl. 269.00 273.30 4.30 5.82
-----------------------------------------------------
MP-069 244.57 269.21 24.64 1.43
-----------------------------------------------------
incl. 255.05 265.55 10.50 2.34
-----------------------------------------------------
MP-071 491.41 500.84 9.43 4.56
-----------------------------------------------------
incl. 496.00 500.84 4.84 6.37
-----------------------------------------------------
MP-079 96.00 101.00 5.00 3.25
-----------------------------------------------------
incl. 128.00 133.00 5.00 6.29
-----------------------------------------------------
MP-095 300.45 305.00 4.55 3.19
-----------------------------------------------------
MP-075 251.00 268.00 17.00 1.42
-----------------------------------------------------
incl. 287.00 295.55 8.55 4.62
-----------------------------------------------------
incl. 253.00 258.00 5.00 2.14
-----------------------------------------------------


-----------------------------------------------------
MP-095 300.45 305.00 4.55 3.19
-----------------------------------------------------
Hole From To Width Gold
(g/t)
-----------------------------------------------------
MP-065 137.31 165.72 28.41 1.78
-----------------------------------------------------
incl. 138.30 141.55 3.25 4.90
-----------------------------------------------------
incl. 156.00 162.50 6.50 2.08
-----------------------------------------------------
MP-088 150.00 154.00 4.00 1.06
-----------------------------------------------------
incl. 195.75 202.48 6.73 0.79
-----------------------------------------------------
incl. 225.00 229.18 4.18 2.43
-----------------------------------------------------
MP-066 166.00 194.00 28.00 1.74
-----------------------------------------------------
incl. 189.90 194.00 4.10 2.86
-----------------------------------------------------
MP-087 161.55 166.00 4.45 2.29
-----------------------------------------------------
incl. 191.00 197.58 6.58 1.31
-----------------------------------------------------
incl. 191.00 194.00 3.00 2.24
-----------------------------------------------------
MP-077 356.10 364.00 7.90 1.61
-----------------------------------------------------
incl. 356.10 359.95 3.85 2.16
-----------------------------------------------------
MP-072 387.13 391.00 3.87 2.97
-----------------------------------------------------
398.00 408.00 10.00 2.00
-----------------------------------------------------
incl. 398.00 401.54 3.54 2.77
-----------------------------------------------------
MP-057 233.00 243.00 10.00 1.70
-----------------------------------------------------
incl. 240.85 243.00 2.15 4.42
-----------------------------------------------------
MP-058 90.00 113.00 23.00 1.20
-----------------------------------------------------
incl. 90.85 96.00 5.15 1.86
-----------------------------------------------------
MP-064 103.00 138.25 35.25 1.39
-----------------------------------------------------
incl. 107.00 115.00 8.00 1.83
-----------------------------------------------------
incl. 119.81 131.00 11.19 1.95
-----------------------------------------------------
MP-068 213.00 232.88 19.88 1.22
-----------------------------------------------------
incl. 223.52 232.88 9.36 1.60
-----------------------------------------------------
MP-073 217.00 228.00 11.00 0.81
-----------------------------------------------------
255.85 272.00 16.15 1.24
-----------------------------------------------------
incl. 262.00 269.00 7.00 1.68
-----------------------------------------------------
MP-067 199.00 212.21 13.21 1.37
-----------------------------------------------------
incl. 205.06 212.21 7.15 1.58
-----------------------------------------------------
MP-080 139.00 145.00 6.00 1.51
-----------------------------------------------------
MP-090 163.00 168.00 5.00 1.45
-----------------------------------------------------
MP-091 231.10 243.60 12.50 0.45
-----------------------------------------------------
incl. 241.26 243.60 2.34 0.74
-----------------------------------------------------
MP-092 246.28 255.00 8.72 0.79
-----------------------------------------------------
261.40 271.06 9.66 3.16
-----------------------------------------------------
281.00 288.00 7.00 10.28
-----------------------------------------------------
incl. 284.25 288.00 2.75 25.03
-----------------------------------------------------
MP-117 718.00 725.72 7.72 0.55
-----------------------------------------------------
777.00 779.00 2.00 1.73
-----------------------------------------------------


Table 2A: Collar Coordinates and Lengths of New Drill Holes,
C1 Santa Luz
--------------------------------------------------------------------
Hole Easting Northing Elev. Length Az Dip
--------------------------------------------------------------------
MP-059 467110 8784500 257 180.00 90 -60
--------------------------------------------------------------------
MP-083 467069 8784116 247 80.00 130 -60
--------------------------------------------------------------------
MP-056 467089 8784560 254 213.55 90 -85
--------------------------------------------------------------------
MP-111 466641 8784500 257 382.95 90 -70
--------------------------------------------------------------------
MP-094 466857 8784500 242 280.00 135 -60
--------------------------------------------------------------------
MP-062 467110 8784459 259 170.00 90 -60
--------------------------------------------------------------------
MP-063 467143 8784199 262 92.05 130 -62
--------------------------------------------------------------------
MP-082 466855 8784392 240 249.51 130 -60
--------------------------------------------------------------------
MP-060 466995 8784500 248 235.00 90 -60
--------------------------------------------------------------------
MP-089 466779 8784350 260 276.10 130 -65
--------------------------------------------------------------------
MP-093 466860 8784500 241 290.00 90 -60
--------------------------------------------------------------------
MP-069 466826 8784465 242 270.00 130 -58
--------------------------------------------------------------------
MP-071 466353 8784843 214 528.75 130 -60
--------------------------------------------------------------------
MP-079 467067 8784214 270 146.80 130 -60
--------------------------------------------------------------------
MP-095 466788 8784500 245 310.00 90 -65
--------------------------------------------------------------------
MP-075 466900 8784659 249 309.30 90 -60
--------------------------------------------------------------------
MP-095 466788 8784500 245 310.00 90 -65
--------------------------------------------------------------------
MP-065 467022 8784301 248 173.20 130 -55
--------------------------------------------------------------------
MP-088 466827 8784319 250 230.00 130 -62
--------------------------------------------------------------------
MP-066 466976 8784340 245 200.00 130 -60
--------------------------------------------------------------------
MP-087 466873 8784280 237 200.00 130 -60
--------------------------------------------------------------------
MP-077 466851 8784758 258 300.00 85 -60
--------------------------------------------------------------------
MP-072 466540 8784685 243 427.15 130 -60
--------------------------------------------------------------------
MP-057 466985 8784561 250 269.65 90 -85
--------------------------------------------------------------------
MP-058 467222 8784501 268 161.65 90 -60
--------------------------------------------------------------------
MP-064 467080 8784253 267 145.03 130 -60
--------------------------------------------------------------------
MP-068 466881 8784420 240 250.00 130 -60
--------------------------------------------------------------------
MP-073 466956 8784659 249 278.50 90 -60
--------------------------------------------------------------------
MP-067 466926 8784382 242 220.00 130 -60
--------------------------------------------------------------------
MP-080 467036 8784240 267 160.20 130 -65
--------------------------------------------------------------------
MP-090 466700 8784136 234 198.60 130 -60
--------------------------------------------------------------------
MP-091 466605 8784216 237 272.80 130 -60
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MP-092 466914 8784561 245 290.00 90 -80
--------------------------------------------------------------------
MP-117 466024 8785119 219 787.55 130 -60
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Figure 1: Plan map showing location of drill holes including step out hole at Canavieiras (please click on the link below):

http://www.ccnmatthews.com/docs/yamana1.jpg


Figure 2: Plan map showing locations of new drill holes, C1 Santa Luz: (please click on the link below):

http://www.ccnmatthews.com/docs/yamana2.jpg


Figure 3: Cross Section of Pau-a-Pique (please click on the link below):

http://www.ccnmatthews.com/docs/yamana3.jpg

Contact Information

  • Yamana Gold Inc.
    Peter Marrone
    President & Chief Executive Officer
    (416) 815-0220
    investor@yamana.com