May 10 2007
Golden Star Resources Ltd. is pleased to announce that its Board of Directors has approved the development of the Hwini-Butre and Benso gold project.
Peter Bradford, President and CEO, said, "The development of Hwini-Butre and Benso as a satellite source of feed for our Wassa gold mine is expected to have a significant impact on Wassa, resulting in an increase in processed grade, production profile and life for the combined operation as well as an improvement in the average cash operating cost per ounce.
"The new development will not be without its challenges but we believe that we have provided for sufficient capital expenditure and time to deal with these challenges and still start delivering high grade ore from Hwini-Butre and Benso to Wassa in the third quarter of 2008.
"Likewise, Hwini-Butre and Benso, and the surrounding areas, present a number of opportunities to grow the Mineral Reserves and Mineral Resources. All pits modeled at Hwini-Butre and Benso have the potential to benefit from further infill drilling and higher gold prices and the opportunity exists to extend the pits further. At Father Brown, on the Hwini-Butre concession, further infill drilling may identify sufficient grade and continuity to potentially support underground mining below the final pit. Lastly, our regional exploration on our surrounding concessions is returning encouraging initial results. In particular, we are excited about a new trend to the south and east of Hwini-Butre, on the Manso concession, and our exploration personnel are now focused on the further evaluation of this area.