SEMAFO INC. is a Canada-based mining company with gold production and exploration activities in West Africa. The Company operates the Mana Mine in Burkina Faso, which includes the high-grade satellite Siou and Fofina deposits. The Mana property is located approximately 200 kilometers west of Ouagadougou, the capital city of Burkina Faso. Permitted property at Mana covers around 2,327 square kilometers of land over the prospective Hounde belt. Mana Mine produced approximately 158,600 ounces of gold. In Siou Sector, the Company completed 23,850 meters of core drilling, 106,980 meters of RC drilling and 209,700 meters of auger drilling. The Siou Zone is located along the Kokoi Trend, a north-northeast trending magnetic lineament, which is traced over a distance of approximately 30 kilometers. The Company initiated Auger drilling at the Pompoi Nord which covers an area of 61 square kilometers, including the east contact of the Siou intrusive.