Perseus Mining Ltd’s (ASX:PRU) joint venture partner has received new reverse circulation (RC) drill results from its maiden drilling program at the Napié Project in Côte d’Ivoire.
Mako Gold Ltd (ASX:MKG) is earning up to 75% in the project under a farm-in and joint venture agreement with Perseus.
Results from the Tchaga Prospect produced numerous gold intersections grading up to 4.27 g/t gold and extend the potential for the mineralised gold zone.
RC assays received, diamond assays pending
All assay results have now been received from the 4,171-metre maiden RC program but results from the 609-metre diamond program remain pending.
The results have confirmed significant gold mineralisation from wide-spaced drilling at six of the nine high priority targets in our maiden drilling program.
The wet season will enable Mako to review these positive results and plan the next phase of drilling to focus on targets with the highest chance of making a significant gold discovery.
The Napié Project has four prospects - Tchaga, Tchaga East, Gogbala, and Komoro
READ: Perseus Mining has major shareholder increase stake
Perseus recently produced a record 83,881 ounces of gold from its Edikan and Sissingue gold mines in West Africa in the June quarter.
Significantly, this was 31% more than the prior March quarter and resulted in annual production of 255,916 ounces, 45% higher than FY2017.
This was the second quarter of production from the Sissingue gold mine and demonstrates the company’s strategy to diversify into a multi-mine West African gold producer.