Modern Mining

ASX-listed Perseus Mining has provided an update on its recent exploration activities at its Sissingué and Yaouré properties, both located in Côte d’Ivoire. 

Sissingué, Perseus’s second gold mining operation, started commercial production on 1 April 2018 and the company is now aiming to extend the currently estimated five-year life of the mine by identifying additional mineral resources that can be processed at Sissingué.

Recent exploration drilling has identified open-ended gold mineralisation extending over 200 m of strike length at the Zanikan prospect, south of Sissingué, and over 300 m 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.

Yaouré is a development stage project and will become Perseus’s third gold mine when developed. A positive Definitive Feasibility Study (DFS) was completed in October 2017 and, subject to financing and full permitting, mine development is expected to start early in 2019. Perseus has completed the drilling of targets identified during the Yaouré DFS as having potential to increase mineral resources, ore reserves and the currently estimated eight-and-a-half-year mine life for the project. Publication of an updated mineral resource estimate is now expected in early October 2018, subject to the receipt of all outstanding assay results.

Comments Perseus MD and Chief Executive Officer Jeff Quartermaine: “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.”

Contact Modern Mining

Title: Editor
Name: Arthur Tassell
Email: mining@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

Title: Advertising Manager
Name: Bennie Venter
Email: benniev@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

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