Friday, March 19, 2010
Perseus Mining continues fine form in West African gold project
West African-focussed Perseus Mining (ASX/TSX: PRU) received assay results from drilling at the companys flagship Central Ashanti Gold Project (CAGP), formerly known as Ayanfuri, in Ghana and the Tengrela Gold Project in the Ivory Coast.
At Tengrela, best results included from Core hole SD088 - 26.4m at 7.4g/t Au from 83m, including 11m at 14.4g/t Au from 90m and RC hole SLC157 - 26m at 9.7g/t Au from 84m to the end of the hole including 2m at 112.2g/t Au from 104m.
While at CAGP, results included Core hole FBDD060 - 22m at 6.4g/t Au from 191m including 1m at 112.9g/t Au from 200m; and Core hole ABDD147 - 75m at 1.6g/t Au from 274m.
Drill samples were assayed by 50g fire assays by Transworld Laboratories Ghana Limited, a part of the Intertek Genalysis group.
Drilling for the past six months was predominantly focused on infill and extensional resource drilling on CAGPs western group of deposits, Abnabna, AF-Gap and Fobinso, and infill drilling on Tengrela Gold Projects Sissingue deposit.
A$689 million-capped Perseus is moving owards production within 18 months. At the same time it seeks to grow the Companys current Proven and Probable reserves of 55.5Mt at 1.2g/t Au containing 2.1Moz of gold and Measured & Indicated resources of 49.2Mt at 1.2g/t Au containing 1.9Moz of gold.
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