Cambior and Golden Star: Mining Reserves Increase at Gross Rosebel by 25 Percent

Business Wire, Sept 26, 1996

MONTREAL--(BUSINESS WIRE)--Sept. 26, 1996--CAMBIOR INC. (ME, TSE, AMEX: CBJ CBJ.WTA) GOLDEN STAR RESOURCES (TSE, AMEX: GSR) Cambior Inc. and Golden Star Resources Ltd. are pleased to announce an increase in estimated proven and probable mining reserves at the Gross Rosebel project in Suriname. Proven and probable mining reserves at Gross Rosebel are now in excess of 30 million tonnes grading 1.5 g Au/t, representing approximately 1.4 million ounces of gold in situ, a 25 percent increase over the March 1996 estimate at a higher grade and lower overall strip ratio.

This increase reflects a new reserve calculation completed only on the Pay Caro zone, which now includes both the former Pay Caro and East Pay Caro zones. New information included in the calculation was based on drilling and trenching completed through June 30, 1996. The new reserve calculation does not include drilling and trenching completed through June 30, 1996 on the Koolhoven and Bigi Asanjangmoni trends on the North Block of the Gross Rosebel property. Saprolite (soft rock) mineralization constitutes 72 percent of the updated reserves: