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Perseus Mining Ltd.
Summary
| Project: | Edikan | |
|---|---|---|
| Deposit: | Edikan | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 2/21/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 21-2-2017: Perseus Mining Ltd. announces a Resource Estimation report for its Edikan deposit at the Edikan project. Updated Ore Reserves and Mineral Resources at project. Perseus Mining Limited (ASX/TSX: PRU) (“Perseus”) recently completed a re-estimation | |
| Resources: | (Reserve, P+P): 56.5Mt @ 1.14g/t Au for 2.078Moz Au contained at project | |
| CP/QP: | [Resources]: N. Johnson, S. Searle, S. Brammer, G.Brabham (MPR Geological Consultants Pty Ltd.;RPM Global;Internal) | |
| ABSTRACT: | Perseus Mining Limited (ASX/TSX: PRU) (“Perseus”) recently completed a re-estimation of Mineral Resources and Ore Reserves at its Edikan Gold Mine in Ghana (“Edikan”). The global Mineral Resource estimate is prepared in accordance with the 2012 Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). Refer to Appendices 1, 2 and 3 for the JORC Table 1 criteria for open pit, underground and heap leach resources, respectively. The Mineral Resource estimate is summarised in the following table that reports the Mineral Resources by category, deposit and deposit type. The classification categories of Measured, Indicated and Inferred under the JORC Code are equivalent to the CIM categories of the same name (CIM, 2010). In summary, the updated global Measured and Indicated Mineral Resource for Edikan is now estimated as 155.8 Mt grading at 1.0g/t gold, containing 5,011 kozs of gold. The updated Ore Reserve is summarised below in Table 4 and is based on the Edikan Mineral Resources as at 31 December 2016 and updated pit optimisation, design and scheduling of the Open Pit resources and a new Esuajah South Ore Reserve based on underground mining methods. All Ore Reserves are reported in accordance with the JORC Code. | |
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