Perseus Mining Ltd (ASX:PRU) has discovered a significant mineralised granite body at its Edikan Gold Mine tenements in Ghana.
The body was uncovered by drilling on the Esuajah Gap prospect between the Esuajah North and Esuajah South deposits.
Diamond drilling results include 26 metres at 1.11 g/t gold and 13.7 metres at 2.32 g/t gold from one hole.
Based on results returned to date, the Esuajah Gap discovery exhibits similarities to both the 475,000-ounce gold Esuajah North and 391,000-ounce gold Esuajah South deposits.
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Perseus’s managing director Jeff Quartermaine said: “We have become increasingly encouraged by the results from our recent Edikan exploration program that has been aimed at extending the current six-year mine life at Edikan.
“We now have sufficient data to delineate a cross section of the Esuajah Gap mineralisation that has revealed encouraging similarities to the Esuajah North and South ore bodies that flank the prospect.
“The proximity of the Esuajah Gap discovery to the Esuajah South ore body, that contains 391,000 ounces of gold in open pit Proved and Probable Reserves that are not part of Edikan’s current Life of Mine Plan, opens up the possibility of a future joint development of the two deposits and a material extension to the life of mine.”
Increasing project value by extending mine life
Exploration activities aim to extend the remaining six-year mine life by identifying additional JORC resources that can be processed through Edikan’s gold processing facility.
Recent exploration drilling has identified significant granite-hosted gold mineralisation extending over 200 metres of strike length at the Esuajah Gap prospect.
The prospect is situated 250 metres southwest of the operating Esuajah North pit.
Results highlight Edikan’s exploration potential
The Esuajah Gap discovery resulted from a conceptual targeting exercise over the mine area.
Importantly, it highlights the potential for further discoveries and is encouraging for the prospects of extending the mine life at Edikan.