Perseus Mining Ltd (ASX:PRU) (TSE:PRU) has received results from exploration at its Sissingué and Yaouré gold projects in Côte d’Ivoire.
Exploration at Sissingué, Perseus’s second gold mining operation, aims to extend the current five-year mine life by identifying additional JORC resources.
Yaouré is a development stage project and will become Perseus’s third gold mine when developed and drilling will be fed into an updated JORC resource in early October 2018.
Drilling reveals prospects near to Sissingué mine
Recent exploration drilling has identified open-ended gold mineralisation extending over 200 metres of strike length at the Zanikan prospect, south of Sissingué, and over 300 metres of strike length at the Fimbiasso South prospect on the near-by Mahalé exploration licence.
Both prospects are located within trucking distance of the recently commissioned Sissingué processing facility.
Highlights from Zanikan include 61 metres at 1.11 g/t gold from surface which ended in mineralisation.
The best intercept at Fimbiasso South was 15 metres at 1.23 g/t gold from 16 metres which also ended in mineralisation.
READ: Perseus Mining’s farm-in partner prepares to drill for gold in Côte d’Ivoire
Perseus has completed the drilling of targets identified during the Yaouré definitive feasibility study (DFS) as having potential to increase JORC resources and reserves.
Drilling included a mixture of reverse circulation (RC) and diamond drilling across multiple prospects totalling over 15,000 metres.
Assays received to date from various prospects at Yaouré are below.
Perseus’s managing director and CEO Jeff Quartermaine said: “We are certainly encouraged by the recent exploration results at Zanikan and Fimbiasso South and are planning further work to follow these results up as soon as weather permits.
“An increase in the mine life of Sissingué through the addition of further Mineral Resources to the mine’s inventory will materially add to the value of this asset and based on the results achieved to date, this now appears achievable.
“Our drilling at Yaouré has also produced strong results and updating Yaouré’s Mineral Resource and Ore Reserve estimates is our next priority as this should further improve the already attractive economics of developing this outstanding project into our third gold mine and will enhance the project’s appeal to prospective financiers.”