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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 12, 2000
GOLDEN STAR RESOURCES LTD.
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(Exact name of registrant as specified in its charter)
Canada 1-12284 98-0101955
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(State or other jurisdiction (Commission File IRS Employer Identification
of incorporation) Number) Number)
1660 Lincoln Street, Suite 3000
Denver, Colorado 80264-3001
(Address of principal executive offices)
Registrant's telephone number, including area code: (303) 830-9000
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Not Applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events
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Golden Star Resources Ltd. ("Golden Star") and Guyanor Ressources S.A.
("Guyanor") announced the results from the bulk sampling program undertaken by
Guyanor and its joint venture partner Rio Tinto Mining and Exploration Limited
on the Dachine Diamond project in French Guiana.
The program was designed to sample a large volume of material from various zones
of the Dachine ultramafic body to yield a parcel of diamonds in order to confirm
the presence of gem quality stones. The partners installed a plant that
processed 547.85 tonnes (dry) of weathered diamond-bearing rock and produced
15.95 tonnes (dry) of concentrate that was forwarded to the Nomos laboratory in
Brazil for final diamond recovery and evaluation.
Diamonds were found in 18 out of 23 samples processed. Using a cut-off size of 1
mm, grades varied from 0.06 to 10.48 carats per hundred tonnes. The largest
stones were found in the 1.7 to 2.36 mm size range, with an average weight of
0.066 carats. However, the majority of the stones occurs in the ranges of 1 to
1.18 mm and 1.18 to 1.70 mm. Stone colors varied from white to light brown and
rarely greenish/yellow. Stones are translucid to transparent, but often masked
by large quantities of inclusions. The dominant shapes are irregular, with small
quantities of cubic and octahedral stones. Stones are often intensely
reabsorbed.
DACHINE PROJECT
BULK SAMPLE LOCATION, TONNAGE AND GRADES
<TABLE>
<CAPTION>
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Sample Code Trench Wet (t) Dry(t) Conc.(t) Conc.(%) No. st. No. st. No. st. cpht > 1
1.00-1.18 1.18-1.70 1.70-2.3 mm (*)
mm mm mm
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
DAC-BS-01A TR-01 39.54 29.08 0.42 1.44 18 6 Neg 1.26
DAC-BS-02 TR-01 6.58 4.85 0.05 1.01 Neg Neg Neg Neg
DAC-BS-03A TR-01 5.13 4.14 0.16 3.96 Neg Neg Neg Neg
DAC-BS-03B TR-01 30.32 24.49 2.50 10.20 Neg Neg Neg Neg
DAC-BS-4A TR-01A 45.20 35.26 1.41 4.00 61 42 2 4.89
DAC-BS-4B TR-01A 69.93 55.13 1.42 2.58 70 130 7 7.41
DAC-BS-4C TR-01A 113.00 83.70 3.74 4.47 5 2 Neg 0.11
DAC-BS-4D TR-01A 66.48 49.67 0.76 1.52 72 45 2 4.29
DAC-BS-4E TR-01A 25.56 19.78 0.12 0.59 19 14 Neg 3.05
======================================================================================================================
DAC-BS-5 TR-02A 36.12 27.54 0.47 1.69 11 1 Neg 0.60
DAC-BS-6 TR-02A 27.62 21.10 0.20 0.97 1 Neg Neg 0.06
DAC-BS-7 TR-02 36.14 26.53 0.80 3.00 93 56 6 10.48
DAC-BS-8 TR-02 39.52 29.37 0.64 2.17 25 11 Neg 1.89
DAC-BS-9 TR-02B 28.78 22.84 0.76 3.32 Neg Neg Neg Neg
======================================================================================================================
DAC-BS-10 TR-03A 22.24 17.46 0.24 1.35 33 27 1 6.08
DAC-BS-11 TR-03 20.50 17.37 0.60 3.47 6 2 Neg 0.69
DAC-BS-12 TR-03 20.79 15.48 0.34 2.22 1 Neg Neg 0.08
DAC-BS-13 TR-03 20.82 15.05 0.65 4.34 34 30 1 7.56
======================================================================================================================
DAC-BS-14 TR-01 14.91 10.92 0.04 0.33 24 15 1 6.35
======================================================================================================================
DAC-BS-15 TR-04 5.97 4.92 0.05 1.09 Neg Neg Neg Neg
======================================================================================================================
DAC-BS-16 TR-05 27.10 20.97 0.20 0.96 57 46 3 9.08
======================================================================================================================
DAC-BS-17 TR-06 5.31 4.60 0.10 2.07 1 Neg Neg 0.28
======================================================================================================================
DAC-BS-18 TR-07 8.98 7.62 0.29 3.78 1 Neg Neg 0.17
======================================================================================================================
Total 716.50 547.85 15.95 2.91
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</TABLE>
(*) = carat per hundred tonnes
These results are considered disappointing and no further project work is
planned at this time. Rio Tinto has advised Guyanor that, given the results
obtained, it intends to withdraw from the project and terminate their joint
venture. Guyanor will probably continue evaluating the remaining targets in the
region, notably Vitoria and Palofini, where diamonds were found early this year.
A new exploration permit has been applied to cover these areas.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GOLDEN STAR RESOURCES LTD.
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Registrant
Date: October 19, 2000 /s/ Allan Marter
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Allan Marter
Vice President and Chief Financial Officer
