Hi Guys,
Interesting reading from last year !!!From a release made by PRU to the exchange
Burey has several projects with gold and gold, uranium and copper mineralisation, these include:
At the Balatindi project (part of the Kerouane group), Burey and previous explorers have identified
a primary Au, U, Cu mineral occurrence which Burey believes is of IOCG affinity.
The Mansounia project contains a low grade, near surface laterite/saprolite gold deposit with
indications of higher grade source zones. The last round of RC drilling completed at Mansounia
in 2008 included intercepts of 67m at 2.03g/t, 53m at 1.07g/t and 39m at 1.11g/t Au at a new
prospect called Intermediate Creek. Limited diamond drilling below the main laterite/saprolite
profile included intercepts of 7m at 4.17g/t and 13m at 3.00g/t Au.
Burey has a strong geological team with extensive experience in Guinea and neighbouring
countries in West Africa and Burey is well positioned to take advantage of the improving
political stability in Guinea. For Perseus the investment allows exposure to the prospectivity of
Guinea without distracting the Company?s exploration management and the agreement gives
Perseus the first right of refusal in relation to the sale or farm-out of Burey?s mineral interests in
West Africa. The investment will enable Burey to step up plans for drilling, regional exploration
and project acquisition.
ASX RELEASE
3 March 2010
Perseus Managing Director, Mark Calderwood?s Comments
?Guinea covers a significant part of one of the most prospective gold regions in West Africa.
Me thinks the plans were well hatched a long time ago
Robdd
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