- Perseus Mining (PRU) has updated the market regarding ongoing exploration at its Bagoé and Yaouré properties in Côte d’Ivoire
- More than 300 holes were drilled at Bagoé with a focus on the Antoinette, Véronique and Juliette prospects
- Up to 8.42g/t gold was intersected, and the results will form the basis of a definitive feasibility study, which is due for completion in the June quarter
- More than 60 holes were then drilled across the Yaouré permit with a focus on the Angovia 2 and Govisou prospects
- Results peaked at 3.49g/t gold, and further drilling has been planned to clarify the mineralisation and follow up on potential down-plunge extensions to the mineralisation
- Perseus is up 3.32 per cent on the market and shares are trading at $1.17
Perseus Mining (PRU) has updated the market regarding ongoing exploration at its Bagoé and Yaouré properties in Côte d’Ivoire.
The results from both have shown the potential for growth in the gold inventories.
Bagoé
At the Bagoé permit, 52 aircore, 252 reverse circulation (RC) and six diamond holes were drilled across the Antoinette, Véronique and Juliette prospects.
Best results include 18 metres at 8.42g/t gold from 78 metres, six metres at 6.75g/t gold from 27 metres and 17 metres at 6.45g/t gold from 32 metres.
These results will be used to form the basis of a definitive feasibility study, which is due for completion in the June quarter.
Perseus will now undertake further drilling to test the strike and depth extensions and to follow up on encouraging results.
Yaouré
Drilling at Yaouré focused on both the Angovia 2 and Govisou prospects.
All up, 61 RC holes were drilled at Govisou prospect, and further drilling has been planned to evaluate the structural and lithological controls of the mineralisation.
Drilling at the Angovia 2 prospect aimed to define shallow ore beneath the planned oxide pit and results show the potential for a deepening of the pit beyond the current depth.
Better results include 35 metres at 3.49g/t gold from 105 metres, 25 metres at 3.33g/t gold from 55 metres at 52 metres at 3.02g/t gold from 28 metres.
Further drilling has been planned to clarify the mineralisation and follow up on potential down plunge extensions to the mineralisation.
“The results published today illustrate the significant potential for the delineation of further mineral resource and ore reserves in the vicinity of existing infrastructure at each of our mines,” CEO and Managing Director Jeff Quartermaine said.
“Our Yaouré tenements are showing excellent potential for further discoveries and the drilling results achieved at Bagoé demonstrate why Perseus acquired Exore Resources last year,” he added.
Perseus is up 3.32 per cent on the market and shares are trading at $1.17 at 12:23 pm AEST.