Perseus Mining Limited’s (ASX:PRU) farm-in partner Manas Resources Ltd (ASX:MSR) has conducted a review of drilling data for the Mbengué gold project in Côte d’Ivoire to validate JORC 2012-compliance.
Manas is earning a 70% interest in the Mbengué Permit (held by a 100% subsidiary of Perseus), through sole-funding exploration activity.
Perseus has previously undertaken several geochemical and exploration drilling campaigns over the Mbengué Permit. Significant drill intercepts were reported by Perseus in May 2018.
Additional drill intercepts not previously reported
Subsequently, Manas has conducted an independent review of the drilling database to validate the data for JORC Code 2012-compliance and, in doing so, has identified additional drill intercepts not previously reported, which is considered significant in the context of this project.
The review also identified two minor discrepancies in the previously released information which have now been adjusted.
Drilling activities planned to start this month
Manas is currently undertaking a more detailed technical review of the Mbengué Permit and will provide an update on this during the third quarter of 2018.
The company is well advanced with preparations for its initial farm-in exploration campaign at Mbengué.
This will include a diamond drilling program to validate the results of the previous drilling and give a higher level of confidence in the geological interpretation of the mineralisation.
Drilling activities are planned to commence this month, subject to impact from the progressive onset of the wet season.