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  • Golden Star Resources Ltd. / GSS, GSC (NYSE, TOR))

    Licht am Horizont? :)


    Tuesday, May 30, 2006
    GOLDEN STAR RESOURCES LTD.
    Golden Star Resources has announced that it continues to make good progress with its sulfide expansion project at Bogoso/Prestea Mine in Ghana. Construction is expected to be completed and commissioning to commence in the third quarter. The project involves construction of a 3.5 million tonne per year sulfide circuit which is being built alongside the existing 1.5 million tonne per year oxide plant. The sulfide circuit incorporates the BIOX® bio-oxidation process which is marketed by a subsidiary of Gold Fields Limited. The Company states that when built and operating, the Bogoso BIOX® plant will be the biggest operating plant of its kind in the world.
    Property: BOGOSO-PRESTEA & PAMPE
    (Complete Text of May 30, 2006 News Release) PDF


    Gruss,

  • Golden Star Resources Ltd. / GSS, GSC (NYSE, TOR))

    Hier noch eine Meldung gefunden:



    Press Release Source: Golden Star Resources Ltd.



    Golden Star Announces Prestea Underground Exploration Results
    Tuesday February 28, 9:00 am ET



    DENVER--(BUSINESS WIRE)--Feb. 28, 2006--Golden Star Resources Ltd. (AMEX:GSS - News; TSX:GSC - News) today announced exploration results for the Prestea Underground gold exploration project in Ghana, which support the 280% increase in Inferred Resource tonnage included in the Company's year-end mineral reserves and mineral resources statements released on February 2. Prestea Underground is an inactive mine beneath and to the south of the present open-pit operations of the Company's Bogoso/Prestea Mine and it represents the extension of the surface mineralization.
    ADVERTISEMENT


    Based on Golden Star's 2005 exploration program, resource estimation by SRK Consulting resulted in an increase in Inferred Resources at year-end 2005 for the Prestea Underground Mine to a total of 6.1 million tonnes at an average grade of 8.1 grams per tonne gold, which compares with 1.6 million tonnes at an average grade of 8.6 grams per tonne gold at year-end 2004. As defined, due to the level of evidence available, these Inferred Resources cannot form the basis of feasibility or other economic studies. Our 2004 resource was based on mining blocks laid out by the previous operators. Although these resources were historically classified as reserves, Golden Star had not at that stage verified the accuracy of the data and has not yet demonstrated the economic feasibility or the capital costs or construction periods required for reopening the mine. The previous tonnage and grade estimate based on the historic blocks and presented in 2004 was reviewed by SRK Consulting. An initial feasibility study is expected by the end of 2006 following the current year's exploration program.


    Golden Star's 2005 exploration activities at the Prestea Underground focused on:


    defining decline-accessible resources in the Main Reef to the south of and below the active Plant-North open pit;
    delineating West Reef resources between 17 and 24 Levels (approximately 600 to 850 meters below surface) accessible from the Central Shaft; and
    delineating accessible Central Shaft resources in the Main Reef between 30 and 35 Levels (approximately 1,150 to 1,400 meters below surface).
    We have been successful in defining inferred resources on the first two targets. The deeper program was delayed because of flooding, caused by heavy rains in 2004 and exacerbated by a power interruption and illegal mining activities. The pumping system has now been upgraded and the lower levels have been pumped out and drilling on 30 Level is expected to commence in the second quarter of 2006.


    Prestea Main Reef


    The Main Reef Inferred Resources to the south of and beneath the Plant-North pit have been estimated by SRK Consulting at 4.2 million tonnes grading 7.1 grams per tonne. These estimates are based on surface and underground drilling carried out by Golden Star combined with certain drilling results from the previous operator, JCI Limited, which have been validated by our work. Significant intersections are tabulated below.


    Significant Intersections, Prestea Main Reef


    Hole ID Easting Northing Elevation Type Au True Horizontal
    (meters) (meters) (meters) g/t Thickness Thickness
    (meters) (meters)
    ----------------------------------------------------------------------
    PNDD001 12,566 10,450 4,915 DD 14.7 1.9 2.1
    ----------------------------------------------------------------------
    PNDD002 12,561 10,516 4,911 DD 16.2 3.3 3.5
    ----------------------------------------------------------------------
    PNDD005 12,547 10,330 4,908 DD 9.1 2.8 2.9
    ----------------------------------------------------------------------
    PNDD015 12,631 10,978 4,929 DD 11.2 2.8 3.0
    ----------------------------------------------------------------------
    PNMET001 12,658 11,050 4,971 DD 18.9 1.8 1.9
    ----------------------------------------------------------------------
    PNMET004 12,670 11,075 4,985 DD 17.0 3.0 3.2
    ----------------------------------------------------------------------
    PNMET007 12,595 10,621 4,967 DD 50.2 1.8 1.9
    ----------------------------------------------------------------------
    PNMET011 12,637 10,501 5,026 DD 17.8 2.8 3.0
    ----------------------------------------------------------------------
    PNMET012 12,608 10,500 4,991 DD 14.0 3.9 4.2
    ----------------------------------------------------------------------
    PNMET013 12,597 10,598 4,964 DD 11.7 2.4 2.5
    ----------------------------------------------------------------------
    PNMET016A 12,575 10,500 4,941 DD 20.7 1.9 2.1
    ----------------------------------------------------------------------
    PNMET018 12,620 10,325 5,019 DD 10.1 2.9 3.1
    ----------------------------------------------------------------------
    PNMET019 12,579 10,450 4,936 DD 14.7 1.7 1.8
    ----------------------------------------------------------------------
    PNMET024 12,636 10,575 5,028 DD 9.3 2.8 3.0
    ----------------------------------------------------------------------
    PNMET025 12,642 10,525 5,037 DD 7.2 2.0 2.2
    ----------------------------------------------------------------------
    PNMET026 12,610 10,521 4,997 DD 15.8 1.9 2.0
    ----------------------------------------------------------------------
    PNMET038 12,659 11,162 4,961 DD 12.3 1.9 2.0
    ----------------------------------------------------------------------
    PNUGDD004 12,538 10,597 4,877 DD 9.9 1.9 2.0
    ----------------------------------------------------------------------
    PNUGDD013 12,542 10,326 4,900 DD 11.4 2.4 2.5
    ----------------------------------------------------------------------
    UC1013 12,464 10,306 4,777 UDD 8.2 3.8 4.0
    ----------------------------------------------------------------------
    UC1017 12,383 10,419 4,581 UDD 72.4 2.5 2.7
    ----------------------------------------------------------------------
    UC10-216N1 12,436 10,339 4,681 UDD 9.1 4.0 4.2
    ----------------------------------------------------------------------
    UC6-201S2 12,506 9,942 4,885 UDD 7.0 6.0 6.4
    ----------------------------------------------------------------------
    UC6-201S4 12,515 9,987 4,888 UDD 8.1 4.2 4.5
    ----------------------------------------------------------------------
    UC8-207N1 12,477 10,129 4,777 UDD 20.5 4.4 4.7
    ----------------------------------------------------------------------
    UC8-209N3 12,479 10,165 4,768 UDD 13.1 3.5 3.7
    ----------------------------------------------------------------------
    UC8-216N3 12,480 10,356 4,779 UDD 10.9 4.1 4.3
    ----------------------------------------------------------------------
    UC8-219N1 12,481 10,416 4,773 UDD 8.7 5.9 6.2


    DD -- surface diamond drill holes, UDD -- underground diamond drill
    holes


    Prestea West Reef


    The West Reef target between 17 and 24 Levels has been tested using access from the existing underground infrastructure. The Inferred Resource estimate was based on Golden Star's underground diamond drilling and diamond-saw channel sampling over the past three years. This target, although narrow, is often characterized by grades exceeding one ounce per ton (34 grams per tonne). It has been tested between 17 and 24 Levels and we are currently testing the down-plunge extension between 24 and 30 Levels. The first few holes from 24 Level visually indicate the zone continues down plunge and ranges from about 0.6 meters to 1.5 meters width, with visible gold being observed. SRK Consulting's estimate for the West Reef is an Inferred Resource of 0.9 million tonnes at an average grade of 12.6 grams per tonne of gold. Significant results are tabulated below.


    Significant Intersections, Prestea West Reef


    Hole ID Easting Northing Elevation Type Au True Horizontal
    (meters) (meters) (meters) g/t Thickness Thickness
    (meters) (meters)
    ----------------------------------------------------------------------
    17WR_02a 11,942 8,036 4,467 CH-saw 11.3 0.9 1.0
    ----------------------------------------------------------------------
    17WR_03a 11,942 8,030 4,467 CH-saw 129.7 1.2 1.3
    ----------------------------------------------------------------------
    17WR_04a 11,940 8,023 4,467 CH-saw 32.4 0.8 0.9
    ----------------------------------------------------------------------
    17WR_05a 11,939 8,019 4,467 CH-saw 9.6 1.0 1.1
    ----------------------------------------------------------------------
    17WR_06a 11,940 8,016 4,467 CH-saw 167.7 0.9 1.0
    ----------------------------------------------------------------------
    17WR_07a 11,933 7,994 4,466 CH-saw 49.2 2.1 2.2
    ----------------------------------------------------------------------
    17WR_08a 11,932 7,989 4,466 CH-saw 84.9 2.3 2.5
    ----------------------------------------------------------------------
    17WR_09a 11,931 7,979 4,466 CH-saw 31.2 2.1 2.3
    ----------------------------------------------------------------------
    17WR_10a 11,928 7,968 4,466 CH-saw 64.4 1.9 2.0
    ----------------------------------------------------------------------
    17WR_12a 11,924 7,942 4,466 CH-saw 168.7 1.3 1.4
    ----------------------------------------------------------------------
    17WR_13a 11,921 7,924 4,465 CH-saw 179.2 1.1 1.2
    ----------------------------------------------------------------------
    17WR_14a 11,921 7,914 4,466 CH-saw 150.0 0.7 0.7
    ----------------------------------------------------------------------
    17WR_15 11,920 7,907 4,466 CH-saw 9.5 1.0 1.1
    ----------------------------------------------------------------------
    17WR_16 11,919 7,899 4,465 CH-saw 98.5 0.8 0.8
    ----------------------------------------------------------------------
    17WR_27 11,910 7,805 4,465 CH-saw 8.2 2.0 2.1
    ----------------------------------------------------------------------
    17WR_28 11,911 7,783 4,465 CH-saw 11.9 1.0 1.0
    ----------------------------------------------------------------------
    17WR_30 11,913 7,768 4,466 CH-saw 20.9 1.0 1.0
    ----------------------------------------------------------------------
    17WR_32 11,915 7,758 4,466 CH-saw 35.6 1.4 1.5
    ----------------------------------------------------------------------
    17WR_33 11,914 7,753 4,467 CH-saw 26.6 1.2 1.2
    ----------------------------------------------------------------------
    17WR_34 11,914 7,747 4,466 CH-saw 17.2 0.8 0.8
    ----------------------------------------------------------------------
    UC1027 11,898 7,898 4,426 UDD 16.9 2.5 2.6
    ----------------------------------------------------------------------
    UC1032 11,883 7,668 4,428 UDD 3.2 3.7 4.0
    ----------------------------------------------------------------------
    UC17-277S1 11,902 8,230 4,357 UDD 22.4 1.9 2.0
    ----------------------------------------------------------------------
    UC17-285S1 11,852 8,087 4,303 UDD 5.6 4.0 4.2
    ----------------------------------------------------------------------
    UC17-285S2 11,881 8,090 4,353 UDD 6.0 5.1 5.4
    ----------------------------------------------------------------------
    UC17-287S1 11,891 8,020 4,384 UDD 12.0 2.1 2.3
    ----------------------------------------------------------------------
    UC17-287S3 11,812 7,944 4,236 UDD 27.6 1.8 2.0
    ----------------------------------------------------------------------
    UC17-287S4 11,892 7,980 4,393 UDD 50.9 3.5 3.8
    ----------------------------------------------------------------------
    UC17-287S6 11,873 8,039 4,353 UDD 33.5 1.1 1.2
    ----------------------------------------------------------------------
    UC17-287S7 11,895 8,039 4,384 UDD 115.9 1.6 1.7
    ----------------------------------------------------------------------
    UC17-287S8 11,868 8,002 4,350 UDD 70.4 0.7 0.7
    ----------------------------------------------------------------------
    UC17-290S2 11,900 7,948 4,417 UDD 9.4 2.9 3.0
    ----------------------------------------------------------------------
    UC17-293S1 11,877 7,902 4,372 UDD 11.2 1.1 1.1
    ----------------------------------------------------------------------
    UC17-297S2 11,898 7,790 4,426 UDD 12.2 2.9 3.1


    CH-saw -- diamond-saw channel sample, UDD -- underground diamond drill
    holes


    The above tables summarize the significant intersections to date from our 2005 exploration drilling program. Full details of the drill results, together with a location map and longitudinal sections, are provided on the Company's website at http://www.gsr.com.


    The total Inferred Resources of 6.1 million tonnes grading 8.1 grams per tonne of gold also include blocks outside the areas described above that were reviewed by SRK which total 1.0 million tonnes at an average grade of 8.7 grams per tonne of gold. These blocks were previously classified as proven and probable reserves by the previous operator and have been downgraded to inferred resources by Golden Star.


    Excluding care and maintenance costs, we have budgeted approximately $3 million for our continued exploration of the Prestea Underground in 2006. The program will be a continuation of the 2005 work, and is expected to include approximately 40,000 meters of underground diamond drilling and 7,000 meters of surface reverse-circulation drilling. The completion of this drilling will enable the preparation of a study, which is expected to be completed by the end of 2006 relating to the potential re-opening of the mine. Underground workings can currently be accessed via two shafts, one near the town of Prestea and a second approximately four kilometers to the southwest.


    Prestea Underground has produced approximately nine million ounces of gold during the last 120 years, the second highest production of any mine in Ghana. Records indicate production between 1912 and 1991 totaled 19.6 million tonnes at an average fully recovered grade of 11.2 grams per tonne, yielding seven million ounces of gold during this 80-year period. Historical production from the Main Reef encompassed 7,000 meters in strike length and 1,400 meters down dip.


    Previous underground operations ceased in early 2002, following an extended period of low gold prices. In March 2002, we entered into a joint-venture agreement with the former owner to explore and evaluate the remaining potential of the underground operations. Our 90% owned subsidiary has a 90% interest in the Prestea Underground, giving Golden Star an 81% beneficial interest.


    Company Profile


    Golden Star holds a 90% equity interest in the Bogoso/Prestea and Wassa open-pit gold mines in Ghana. In addition, the Company has an 81% interest in the currently inactive Prestea Underground mine in Ghana as well as gold exploration interests elsewhere in Ghana, in other parts of West Africa and in the Guiana Shield of South America.


    Note regarding Canada's National Instrument 43-101: The stated Inferred Minerals Resources have been prepared in accordance with Canada's NI 43-101, Standards of Disclosure for Mineral Projects. The qualified person responsible for the preparation of the statement of Inferred Mineral Resources is S. Mitchel Wasel, Golden Star's Exploration Manager for Ghana.


    Cautionary Note to U.S. Investors concerning estimates of Inferred Mineral Resources: U.S. investors are advised that while the term "inferred mineral resources" is recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize it. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty 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 could not form the basis of feasibility or other economic studies. U.S. investors are cautioned not to assume that part or all of the inferred mineral resource exists, or is economically or legally mineable.


    Statements Regarding Forward-Looking Information: Some statements contained in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties that could cause actual results to differ materially. Such statements include comments regarding the expected completion of a feasibility study by the end of 2006 and planned exploration activities in 2006. Factors that could cause actual results to differ materially include timing of and unexpected events during exploration, construction and start-up; variations in ore grade; 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; technical or permitting issues, and fluctuations in gold price and costs. There can be no assurance that future developments affecting the Company will be those anticipated by management. Please refer to the discussion of these and other factors in our Form 10-K for 2004, as amended. The Form 10-K for 2005 is expected to be filed by mid-March.




    Contact:
    Golden Star Resources Ltd.
    Peter Bradford, 800-553-8436
    President and CEO
    or
    Allan Marter, 800-553-8436
    Chief Financial Officer


    --------------------------------------------------------------------------------
    Source: Golden Star Resources Ltd.
    **************************************************************************


    Ob's was bringt?


    Gruss

  • Golden Star Resources Ltd. / GSS, GSC (NYSE, TOR))

    Press Release Source: Golden Star Resources Ltd.



    Golden Star Announces Prestea Underground Exploration Results
    Tuesday February 28, 9:00 am ET



    DENVER--(BUSINESS WIRE)--Feb. 28, 2006--Golden Star Resources Ltd. (AMEX:GSS - News; TSX:GSC - News) today announced exploration results for the Prestea Underground gold exploration project in Ghana, which support the 280% increase in Inferred Resource tonnage included in the Company's year-end mineral reserves and mineral resources statements released on February 2. Prestea Underground is an inactive mine beneath and to the south of the present open-pit operations of the Company's Bogoso/Prestea Mine and it represents the extension of the surface mineralization.
    ADVERTISEMENT


    Based on Golden Star's 2005 exploration program, resource estimation by SRK Consulting resulted in an increase in Inferred Resources at year-end 2005 for the Prestea Underground Mine to a total of 6.1 million tonnes at an average grade of 8.1 grams per tonne gold, which compares with 1.6 million tonnes at an average grade of 8.6 grams per tonne gold at year-end 2004. As defined, due to the level of evidence available, these Inferred Resources cannot form the basis of feasibility or other economic studies. Our 2004 resource was based on mining blocks laid out by the previous operators. Although these resources were historically classified as reserves, Golden Star had not at that stage verified the accuracy of the data and has not yet demonstrated the economic feasibility or the capital costs or construction periods required for reopening the mine. The previous tonnage and grade estimate based on the historic blocks and presented in 2004 was reviewed by SRK Consulting. An initial feasibility study is expected by the end of 2006 following the current year's exploration program.


    Golden Star's 2005 exploration activities at the Prestea Underground focused on:


    defining decline-accessible resources in the Main Reef to the south of and below the active Plant-North open pit;
    delineating West Reef resources between 17 and 24 Levels (approximately 600 to 850 meters below surface) accessible from the Central Shaft; and
    delineating accessible Central Shaft resources in the Main Reef between 30 and 35 Levels (approximately 1,150 to 1,400 meters below surface).
    We have been successful in defining inferred resources on the first two targets. The deeper program was delayed because of flooding, caused by heavy rains in 2004 and exacerbated by a power interruption and illegal mining activities. The pumping system has now been upgraded and the lower levels have been pumped out and drilling on 30 Level is expected to commence in the second quarter of 2006.


    Prestea Main Reef


    The Main Reef Inferred Resources to the south of and beneath the Plant-North pit have been estimated by SRK Consulting at 4.2 million tonnes grading 7.1 grams per tonne. These estimates are based on surface and underground drilling carried out by Golden Star combined with certain drilling results from the previous operator, JCI Limited, which have been validated by our work. Significant intersections are tabulated below.


    Significant Intersections, Prestea Main Reef


    Hole ID Easting Northing Elevation Type Au True Horizontal
    (meters) (meters) (meters) g/t Thickness Thickness
    (meters) (meters)
    ----------------------------------------------------------------------
    PNDD001 12,566 10,450 4,915 DD 14.7 1.9 2.1
    ----------------------------------------------------------------------
    PNDD002 12,561 10,516 4,911 DD 16.2 3.3 3.5
    ----------------------------------------------------------------------
    PNDD005 12,547 10,330 4,908 DD 9.1 2.8 2.9
    ----------------------------------------------------------------------
    PNDD015 12,631 10,978 4,929 DD 11.2 2.8 3.0
    ----------------------------------------------------------------------
    PNMET001 12,658 11,050 4,971 DD 18.9 1.8 1.9
    ----------------------------------------------------------------------
    PNMET004 12,670 11,075 4,985 DD 17.0 3.0 3.2
    ----------------------------------------------------------------------
    PNMET007 12,595 10,621 4,967 DD 50.2 1.8 1.9
    ----------------------------------------------------------------------
    PNMET011 12,637 10,501 5,026 DD 17.8 2.8 3.0
    ----------------------------------------------------------------------
    PNMET012 12,608 10,500 4,991 DD 14.0 3.9 4.2
    ----------------------------------------------------------------------
    PNMET013 12,597 10,598 4,964 DD 11.7 2.4 2.5
    ----------------------------------------------------------------------
    PNMET016A 12,575 10,500 4,941 DD 20.7 1.9 2.1
    ----------------------------------------------------------------------
    PNMET018 12,620 10,325 5,019 DD 10.1 2.9 3.1
    ----------------------------------------------------------------------
    PNMET019 12,579 10,450 4,936 DD 14.7 1.7 1.8
    ----------------------------------------------------------------------
    PNMET024 12,636 10,575 5,028 DD 9.3 2.8 3.0
    ----------------------------------------------------------------------
    PNMET025 12,642 10,525 5,037 DD 7.2 2.0 2.2
    ----------------------------------------------------------------------
    PNMET026 12,610 10,521 4,997 DD 15.8 1.9 2.0
    ----------------------------------------------------------------------
    PNMET038 12,659 11,162 4,961 DD 12.3 1.9 2.0
    ----------------------------------------------------------------------
    PNUGDD004 12,538 10,597 4,877 DD 9.9 1.9 2.0
    ----------------------------------------------------------------------
    PNUGDD013 12,542 10,326 4,900 DD 11.4 2.4 2.5
    ----------------------------------------------------------------------
    UC1013 12,464 10,306 4,777 UDD 8.2 3.8 4.0
    ----------------------------------------------------------------------
    UC1017 12,383 10,419 4,581 UDD 72.4 2.5 2.7
    ----------------------------------------------------------------------
    UC10-216N1 12,436 10,339 4,681 UDD 9.1 4.0 4.2
    ----------------------------------------------------------------------
    UC6-201S2 12,506 9,942 4,885 UDD 7.0 6.0 6.4
    ----------------------------------------------------------------------
    UC6-201S4 12,515 9,987 4,888 UDD 8.1 4.2 4.5
    ----------------------------------------------------------------------
    UC8-207N1 12,477 10,129 4,777 UDD 20.5 4.4 4.7
    ----------------------------------------------------------------------
    UC8-209N3 12,479 10,165 4,768 UDD 13.1 3.5 3.7
    ----------------------------------------------------------------------
    UC8-216N3 12,480 10,356 4,779 UDD 10.9 4.1 4.3
    ----------------------------------------------------------------------
    UC8-219N1 12,481 10,416 4,773 UDD 8.7 5.9 6.2


    DD -- surface diamond drill holes, UDD -- underground diamond drill
    holes


    Prestea West Reef


    The West Reef target between 17 and 24 Levels has been tested using access from the existing underground infrastructure. The Inferred Resource estimate was based on Golden Star's underground diamond drilling and diamond-saw channel sampling over the past three years. This target, although narrow, is often characterized by grades exceeding one ounce per ton (34 grams per tonne). It has been tested between 17 and 24 Levels and we are currently testing the down-plunge extension between 24 and 30 Levels. The first few holes from 24 Level visually indicate the zone continues down plunge and ranges from about 0.6 meters to 1.5 meters width, with visible gold being observed. SRK Consulting's estimate for the West Reef is an Inferred Resource of 0.9 million tonnes at an average grade of 12.6 grams per tonne of gold. Significant results are tabulated below.


    Significant Intersections, Prestea West Reef


    Hole ID Easting Northing Elevation Type Au True Horizontal
    (meters) (meters) (meters) g/t Thickness Thickness
    (meters) (meters)
    ----------------------------------------------------------------------
    17WR_02a 11,942 8,036 4,467 CH-saw 11.3 0.9 1.0
    ----------------------------------------------------------------------
    17WR_03a 11,942 8,030 4,467 CH-saw 129.7 1.2 1.3
    ----------------------------------------------------------------------
    17WR_04a 11,940 8,023 4,467 CH-saw 32.4 0.8 0.9
    ----------------------------------------------------------------------
    17WR_05a 11,939 8,019 4,467 CH-saw 9.6 1.0 1.1
    ----------------------------------------------------------------------
    17WR_06a 11,940 8,016 4,467 CH-saw 167.7 0.9 1.0
    ----------------------------------------------------------------------
    17WR_07a 11,933 7,994 4,466 CH-saw 49.2 2.1 2.2
    ----------------------------------------------------------------------
    17WR_08a 11,932 7,989 4,466 CH-saw 84.9 2.3 2.5
    ----------------------------------------------------------------------
    17WR_09a 11,931 7,979 4,466 CH-saw 31.2 2.1 2.3
    ----------------------------------------------------------------------
    17WR_10a 11,928 7,968 4,466 CH-saw 64.4 1.9 2.0
    ----------------------------------------------------------------------
    17WR_12a 11,924 7,942 4,466 CH-saw 168.7 1.3 1.4
    ----------------------------------------------------------------------
    17WR_13a 11,921 7,924 4,465 CH-saw 179.2 1.1 1.2
    ----------------------------------------------------------------------
    17WR_14a 11,921 7,914 4,466 CH-saw 150.0 0.7 0.7
    ----------------------------------------------------------------------
    17WR_15 11,920 7,907 4,466 CH-saw 9.5 1.0 1.1
    ----------------------------------------------------------------------
    17WR_16 11,919 7,899 4,465 CH-saw 98.5 0.8 0.8
    ----------------------------------------------------------------------
    17WR_27 11,910 7,805 4,465 CH-saw 8.2 2.0 2.1
    ----------------------------------------------------------------------
    17WR_28 11,911 7,783 4,465 CH-saw 11.9 1.0 1.0
    ----------------------------------------------------------------------
    17WR_30 11,913 7,768 4,466 CH-saw 20.9 1.0 1.0
    ----------------------------------------------------------------------
    17WR_32 11,915 7,758 4,466 CH-saw 35.6 1.4 1.5
    ----------------------------------------------------------------------
    17WR_33 11,914 7,753 4,467 CH-saw 26.6 1.2 1.2
    ----------------------------------------------------------------------
    17WR_34 11,914 7,747 4,466 CH-saw 17.2 0.8 0.8
    ----------------------------------------------------------------------
    UC1027 11,898 7,898 4,426 UDD 16.9 2.5 2.6
    ----------------------------------------------------------------------
    UC1032 11,883 7,668 4,428 UDD 3.2 3.7 4.0
    ----------------------------------------------------------------------
    UC17-277S1 11,902 8,230 4,357 UDD 22.4 1.9 2.0
    ----------------------------------------------------------------------
    UC17-285S1 11,852 8,087 4,303 UDD 5.6 4.0 4.2
    ----------------------------------------------------------------------
    UC17-285S2 11,881 8,090 4,353 UDD 6.0 5.1 5.4
    ----------------------------------------------------------------------
    UC17-287S1 11,891 8,020 4,384 UDD 12.0 2.1 2.3
    ----------------------------------------------------------------------
    UC17-287S3 11,812 7,944 4,236 UDD 27.6 1.8 2.0
    ----------------------------------------------------------------------
    UC17-287S4 11,892 7,980 4,393 UDD 50.9 3.5 3.8
    ----------------------------------------------------------------------
    UC17-287S6 11,873 8,039 4,353 UDD 33.5 1.1 1.2
    ----------------------------------------------------------------------
    UC17-287S7 11,895 8,039 4,384 UDD 115.9 1.6 1.7
    ----------------------------------------------------------------------
    UC17-287S8 11,868 8,002 4,350 UDD 70.4 0.7 0.7
    ----------------------------------------------------------------------
    UC17-290S2 11,900 7,948 4,417 UDD 9.4 2.9 3.0
    ----------------------------------------------------------------------
    UC17-293S1 11,877 7,902 4,372 UDD 11.2 1.1 1.1
    ----------------------------------------------------------------------
    UC17-297S2 11,898 7,790 4,426 UDD 12.2 2.9 3.1


    CH-saw -- diamond-saw channel sample, UDD -- underground diamond drill
    holes


    The above tables summarize the significant intersections to date from our 2005 exploration drilling program. Full details of the drill results, together with a location map and longitudinal sections, are provided on the Company's website at http://www.gsr.com.


    The total Inferred Resources of 6.1 million tonnes grading 8.1 grams per tonne of gold also include blocks outside the areas described above that were reviewed by SRK which total 1.0 million tonnes at an average grade of 8.7 grams per tonne of gold. These blocks were previously classified as proven and probable reserves by the previous operator and have been downgraded to inferred resources by Golden Star.


    Excluding care and maintenance costs, we have budgeted approximately $3 million for our continued exploration of the Prestea Underground in 2006. The program will be a continuation of the 2005 work, and is expected to include approximately 40,000 meters of underground diamond drilling and 7,000 meters of surface reverse-circulation drilling. The completion of this drilling will enable the preparation of a study, which is expected to be completed by the end of 2006 relating to the potential re-opening of the mine. Underground workings can currently be accessed via two shafts, one near the town of Prestea and a second approximately four kilometers to the southwest.


    Prestea Underground has produced approximately nine million ounces of gold during the last 120 years, the second highest production of any mine in Ghana. Records indicate production between 1912 and 1991 totaled 19.6 million tonnes at an average fully recovered grade of 11.2 grams per tonne, yielding seven million ounces of gold during this 80-year period. Historical production from the Main Reef encompassed 7,000 meters in strike length and 1,400 meters down dip.


    Previous underground operations ceased in early 2002, following an extended period of low gold prices. In March 2002, we entered into a joint-venture agreement with the former owner to explore and evaluate the remaining potential of the underground operations. Our 90% owned subsidiary has a 90% interest in the Prestea Underground, giving Golden Star an 81% beneficial interest.


    Company Profile


    Golden Star holds a 90% equity interest in the Bogoso/Prestea and Wassa open-pit gold mines in Ghana. In addition, the Company has an 81% interest in the currently inactive Prestea Underground mine in Ghana as well as gold exploration interests elsewhere in Ghana, in other parts of West Africa and in the Guiana Shield of South America.


    Note regarding Canada's National Instrument 43-101: The stated Inferred Minerals Resources have been prepared in accordance with Canada's NI 43-101, Standards of Disclosure for Mineral Projects. The qualified person responsible for the preparation of the statement of Inferred Mineral Resources is S. Mitchel Wasel, Golden Star's Exploration Manager for Ghana.


    Cautionary Note to U.S. Investors concerning estimates of Inferred Mineral Resources: U.S. investors are advised that while the term "inferred mineral resources" is recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize it. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty 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 could not form the basis of feasibility or other economic studies. U.S. investors are cautioned not to assume that part or all of the inferred mineral resource exists, or is economically or legally mineable.


    Statements Regarding Forward-Looking Information: Some statements contained in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties that could cause actual results to differ materially. Such statements include comments regarding the expected completion of a feasibility study by the end of 2006 and planned exploration activities in 2006. Factors that could cause actual results to differ materially include timing of and unexpected events during exploration, construction and start-up; variations in ore grade; 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; technical or permitting issues, and fluctuations in gold price and costs. There can be no assurance that future developments affecting the Company will be those anticipated by management. Please refer to the discussion of these and other factors in our Form 10-K for 2004, as amended. The Form 10-K for 2005 is expected to be filed by mid-March.




    Contact:
    Golden Star Resources Ltd.
    Peter Bradford, 800-553-8436
    President and CEO
    or
    Allan Marter, 800-553-8436
    Chief Financial Officer


    --------------------------------------------------------------------------------
    Source: Golden Star Resources Ltd.
    **************************************************************************


    Ob's was bringt?


    Gruss

  • Gold Fields / GFI (NYSE, JNB)

    Danke euch für den Feedback.


    Ich warte mit meinem GOLI-Wiedereinstieg noch etwas zu. Eine leichte Korrektur könnte doch noch folgen. Nicht zu unterschätzen ist allerdings, dass die Gold Fields seit letztem Jahr einen starken Partner /Investor zur Seite haben, die russische Norilsk.


    Dazu kommt, dass bereits im vergangenen Spät-Herbst aus Banker-Kreisen zu vernehmen war, dass für 2006 mittelfristig mit einem höherenUS$ gerechnet würde, da die FED den Zinserhöhungszyklus bald abschliessen dürfte (Frühjahr/Sommer 06). Zu Jahresbeginn zeigte sich der $-Kurs etwas rückläufig, was dem Edelmetallpreis half. Sollte also der $ steigen, und sollten sich die Edelmetallpreise trotzdem ebenfalls weiter nach oben bewegen (dies wird zurzeit aus politiscen Gründen angenommen), könnten auch die Goldminentitel in der Folge nochmals den Aufwärtstrend fortsetzen. (Auch Banken können sich allerdings irren, wie wir wissen). Wie sich der Rand entwickelt? Weiss nicht. In den letzten beiden Jahren hat er gegen den Sommer hin stets etwas geschwächelt. Dies dürfte aber momentan nicht ins Gewicht fallen.
    GOLI-spezifisch werde ich gut beobachten aber nicht jetzt einsteigen.


    Gruss
    .