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Brazil - RIGB Gold Belt

The RIGB ("Rio Itapicuru Greenstone Belt") Gold belt property includes the Fazenda Brasileiro gold mine and approximately 197,000 hectares of adjacent exploration properties in northeast Brazil in the eastern portion of Bahia state.  The property, all of which is within the RIGB, can be roughly divided into two parts.  One part covers the east-west trending Weber Belt, which hosts the Fazenda Brasileiro mine, operating open pits and areas of immediate exploration potential.  The other part covers large portions of the north-south trending portion of the RIGB and several exploration permits southwest of the mining area.  Exploration by Yamana has identified a number of promising targets, the most advanced of which is C1 Santa Luz, Mansinha, Vereda Grande and Riacho do Miguel, where a 36,000 metre drill program took place in 2006.  Drilling was executed at C1 Santa Luz and satellite targets aiming at increasing both open pit and underground reserves and resources.