re: Ann: High Grade Discovery on New Prospect...
High grade discovery on new prospect. Tengrela Gold Project, Ivory Coast
Perseus Mining Limited (ASX/TSX: PRU) is pleased to announce the discovery of a new gold prospect at the Companys Tengrela Project in Ivory Coast. First pass RC drilling at the Kanakono prospect located 10km south of the Sissingue gold deposit has returned significant results.
The RC drilling was following up anomalous RAB drilling results dating back to January 2006 which included intercepts of 4m at 42.6g/t Au and 25m at 3.2g/t Au. RC drill intercepts included; KRC041: 2m @ 13.3g/t Au from 10m 20m @ 1.9g/t Au from 26m 26m @ 2.0g/t Au from 64m KRC042: 4m @ 1.3g/t Au from 54m 16m @ 15.2g/t Au from 72m
Drill samples were assayed by 50g fire assays by Intertek Minerals Limited in Ghana. It is too early to estimate the true width of intercepted mineralisation in KRC041 and KRC042 at Kanakono but the apparent (on section) true width of intercepts is about 60% of the intercept width. Perseus Managing Director, Mark Calderwoods Comments Having completed the current phase of resource drilling at Sissingue we are now starting to assess the other Tengrela prospects previously identified by soil sampling and RAB drilling.
It is encouraging to get these latest results only 10 kms from the proposed Sissingue plant site this has the potential to further enhance the Sissingue project economics.
We will have two RC rigs testing at least four other high priority targets over the next few months on the 876sq km Tengrela licences.
PRU Price at posting:
$1.93 Sentiment: LT Buy Disclosure: Held
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