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Perseus Mining Ltd.
Summary
| Project: | Edikan | |
|---|---|---|
| Deposit: | Edikan | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 11/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 19-11-2018: Perseus Mining Ltd. announces an Exploration/Drilling Update report for its Edikan deposit at the Edikan project. Drilling results incl. 29.0m @ 1.21g/t Au from 144m. Perseus Mining Limited (ASX/TSX: PRU) is pleased to provide an update on its | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Douglas Jones (Internal) | |
| ABSTRACT: | Perseus Mining Limited (ASX/TSX: PRU) is pleased to provide an update on its recent exploration activities within the Edikan Gold Mine leases in Ghana. Edikan was Perseus’s first gold mining operation. It commenced commercial production in January 2012 and since then, has recovered more than 1,400,000 ounces of gold. The Company is now aiming to extend the remaining six-year mine life by identifying additional Mineral Resources that can be processed through Edikan’s gold processing facility. Recent exploration drilling has identified significant granite-hosted gold mineralisation extending over 200m of strike length at the Esuajah Gap prospect, situated 250 metres southwest of the Company’s operating Esuajah North pit. Esuajah Gap Drilling (Refer to Figures 1 & 2 and Table 1 for a list of significant intercepts) Drilling commenced at Esuajah Gap during the June 2018 quarter as part of a systematic follow up of targets generated from a targeting exercise conducted at Edikan by consulting group Corporate Geoscience Group (“CGSG”) in late 2016. As reported in the Company’s June 2018 quarterly report, the initial drilling at Esuajah Gap was successful in intersecting a previously unknown granite body situated at depth between the Esuajah South and Esuajah North deposits, with drill hole EGRDD002 returning 96 metres grading 0.19 g/t gold from 430 metres downhole (approximately 350 metres vertical depth). Esuajah style mineralisation and alteration was intersected, comprising quartz-carbonate-sulphide veining with pervasive sericite–carbonate-pyrite +/- arsenopyrite alteration. An additional seven diamond holes, EGDD001 to 007, have now been completed, with further intersections of mineralised granite at shallower depths and with better grades achieved in six of these holes, including (Refer to Figure 3). EGDD001, drilled to intersect the up-plunge continuation of the EGRDD002 intersection, intersected mineralised granite from 295.5 metres downhole (~250 metres vertical depth) and returned 89 metres grading 1.18 g/t gold. A similar pattern of high grade mineralisation occurring at higher levels in the host granite was also observed in the Esuajah North and South deposits. | |
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