- Perseus Mining (PRU) reports some exploration results from its Nkosuo prospect, located within the Edikan gold mine in Ghana
- The latest results show strong potential for a shallow, granite hosted open-pitable gold resource
- Perseus is currently working towards a maiden mineral resource estimate, due in early 2022
- Exploration is ongoing at various exploration licence areas at the Edikan gold mine
- On market close, Perseus was down 0.96 per cent and trading at $1.55 per share
Perseus Mining (PRU) has reported exploration results from its Edikan gold mine in Ghana.
Earlier this year, the company commenced exploration drilling at the Nkosuo prospect on the Agyakusu permit.
Up until the end of September, the company drilled 7801 metre in 47 holes at the prospect.
Results received to date have been highly encouraging, indicating strong potential for shallow open-pit gold resources and the latest results further add to that.
Drilling results include 32 metres at 2.61 grams per tonne (g/t) gold from 23 metres, 37 metres at 1.1g/t from 12 metres and four metres at 10.22g/t from 212.4 metres.
Managing Director and CEO Jeff Quartermaine commented on the results.
“Our exploration program at Nkosuo has so far, returned impressive results that demonstrate the potential of this prospect to add to Edikan’s mine life with further drilling. We are particularly encouraged by similarities between the Nkosuo deposit and the Fobinso and Abnabna deposits which we’ve already successfully mined and processed at
Edikan,” Mr Quartermaine said.
“While we are working towards completing a maiden Mineral Resource estimate for Nkosuo in early 2022, we intend to continue exploring on the Agyakusu, Agyakusu-DML and Domenase exploration licence areas, all of which are under option to Perseus and all of which are located within trucking distance of our Edikan mill.”
On market close, Perseus was down 0.96 per cent and trading at $1.55 per share.