Perseus Mining new scoping study supports Yaouré going underground as well
Yaouré is set to become the company's third operating gold mine in West Africa.
Company
ASX:PRU
Perseus Mining Ltd (PRU:ASX) operates three gold mines in Africa: Edikan in Ghana, Sissingué and Yaouré in Côte d’Ivoire. The company acquired Orca Gold and now owns 70% of the Meyas Sand Gold Project in Sudan (formerly 'Block 14 Development Project').
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Yaouré is set to become the company's third operating gold mine in West Africa.
The gold inventory has increased 9% despite depletion since mining began earlier this year.
Perseus is on track to achieve guided production and costs for the December 2018 half year.
Lycopodium studies confirm DFS cost estimates for what will be company’s third operating mine in West Africa.
Manas Resources is earning a 70% interest in the Mbengué permit held by a subsidiary of Perseus.
The company produces gold from two mines in West Africa, Edikan and Sissingué.
Extending a mine life de-risks a project and also increases its valuation.
Manas Resources is earning a 70% interest in the Mbengué Permit held by a subsidiary of Perseus.
The maiden drill program has confirmed gold at six of the nine targets.
The company produced a record 83,881 ounces of gold in the June quarter.
Follow-up drilling will test the identified mineralisation and geochemical anomalies.
The company is in the process of developing its third West African gold mine.
Individual assays returned values up to 51 g/t gold with significant widths of up to 26 metres.
Thomson managed exploration and resource drilling programs at the Edikan mine in Ghana and at Sissingue in the Ivory Coast
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The group said it was now “on the path to implementing its strategy of transforming Perseus into a multi-jurisdictional, multi-mine producer of in excess of 500,000 ounces of gold per year by 2021.”