Compagnie Miniere Esperance

Compagnie Miniere Esperance

July 15, 2015 11:44 ET

La Compagnie Miniere Esperance (CME) Intersect Visible Gold in Hole S032 at 200m South-West of the Existing Hole S009 and Sulfides in Hole S033 at 3 Kilometers NE of the S014

CAYENNE, FRENCH GUYANA--(Marketwired - July 15, 2015) - La Compagnie Miniere Esperance ("CME" or the "Company") is pleased to announce positive preliminary results of its completed Phase 2 drilling campaign of 2015.

Visible gold intersection is at 190m core length in S032 which is drilled South East at -50 degrees and extent the mineralization 200 meters South-West of the Hole S009 disclosed on June 8th press release.

Diamond drill Hole S033 has intersected sulfides and quartz veins at 40.2m. This last hole of the campaign has been drilled at 3000m North-East of the S014 disclosed on June 8th press release. This hole was drilled to test the NE extension of the mineralization identified by the geochemical survey and channel samples of 2013. Hole was drilled at 325 degrees NW with an inclination of -50 degrees.

The three maps link presents:

CME Drill hole map location (map 5)

Drill holes and geochemistry (map 6)

Geochemistry survey of CME and BRGM (map 7)

The preliminary results of this second phase of drilling show regional extent of the mineralized system at Espérance. All holes have intersected mineralized units with sulfides, quartz veins and in certain case visible gold.

The core is being log, split and samples are being sent to Filab laboratory in Surinam. The results of the completed campaign should be available by the end of July early August once received and interpreted, they will be disclosed. Images of core from hole S032 at 190m & S033 at 40.2m.

Correction of the last press release, the visible gold has been intersected at 120.65 and not 160.25m in the S027 (inversion of the 6 and the 2 in the communications).

Picture 1: VG in S032 at 190m

Picture 2: Sulfides impregnation in S033 at 40.2m

The direction of the CME declares: "We are extremely pleased with the preliminary results of this latest diamond drilling program and taking into account the distance to the North-East of the S033, this last hole at 3 kilometers from the S014 seems to demonstrate that the Esperance site does not only contain a World class gold deposit but shows the emergence of a new mining camp."

The technical content of this press release was prepared and reviewed by Claude Duplessis P.Eng geological engineer GoldMinds Geoservices Inc., an Independent Qualified Person as defined in NI 43-101 standards.

About CME

CME is a private Guyanese company owner of two mining sites:

  • ESPERANCE in the town of Apatou
  • SAINT ELIE in the town of Saint Elie; the mining title is held by SMSE (Societe des Mines de Saint Elie) 100% subsidiary of CME. This concession was acquired from Golden Star.

For more information on CME visit: www.esperancegoldmine.com/

Contact Information

  • Compagnie Miniere Esperance
    Claude Duplessis P. Eng
    GMG
    1-418-653-9559