Mana From Heaven
SEMAFO Adds One Million Inferred Gold Ounces in Burkina Faso
Kevin Michael Grace

February 26, 2013 - SEMAFO Inc T.SMF announced February 21 that its 2012 yearend resource estimate will include (based on a gold cutoff of 1 gram per tonne within a $1,600-gold pitshell) 999,200 inferred gold ounces (6.7 million tonnes grading 4.62 g/t) from the newly-discovered Siou sector, located approximately 15 kilometres from its Mana processing plant in Burkina Faso.

President/CEO SEMAFO Benoit Desormeaux spoke to Kevin Michael Grace February 21, read the interview here. http://resourceswire.com/2013/02/mana-from-heaven/

Organic Growth
Increased Production from New Zones is Semafo’s Future
Kevin Michael Grace

November 28, 2012 - Semafo Inc T.SMF announced November 20 assay results from its new Siou gold zone located 15 kilometres east of its Mana mill in Burkina Faso. Highlights include

5.58 grams per tonne gold over 10 metres
7.64 g/t gold over 3 metres
2.25 g/t gold over 6 metres
3.87 g/t gold over 7 metres
9.48 g/t gold over 4 metres
8.54 g/t gold over 5 metres
12.15 g/t gold over 3 metres
19.22 g/t gold over 4 metres
10.66 g/t gold over 3 metres
8.41 g/t gold over 6 metres

President/CEO Benoit Desormeaux spoke to Kevin Michael Grace November 22, read it here. http://resourceswire.com/2012/11/organic-growth/

Semafo reported gold production decrease of 9% y/y to 60,000 oz in Q1. Additionally, Semafo reported recent drill results in May which provide potential for new reserve increases. For a resource comparison of Semafo and other African gold mining stocks go to www.CFMonitor.com - We estimate Semafo cash costs per oz at $620/oz while some of the other African miners such as Banro Corporation (TSX:BAA)(AMEX:BAA) are estimated at under $400 and going into production in Q4 '11