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Perseus Mining Ltd.

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Summary

Project:

Sissingue

Deposit:Sissingue
Location:Côte D'Ivoire
Commodities:Gold
Date:7/17/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Mine Development
Report details:17-7-2019: Perseus Mining Ltd. announces an Exploration/Drilling Update report for its Sissingue deposit at the Sissingue project. Drilling results incl. 14m @ 3.03g/t Au from 106m. Exploration at Sissingué during the quarter included 1,011 metres of auge
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Douglas Jones (Internal)
ABSTRACT:Exploration at Sissingué during the quarter included 1,011 metres of auger geochemical drilling, 3,514 metres of reverse circulation (“RC”) drilling and 241 metres of diamond drilling. Auger drilling focussed on the Papara West area in the north of the Sissingué permit, with the RC drilling focussed on targets close to the Sissingué Gold Mine, at Papara Central and at Zanikan (Appendix B – Figure 1). In addition to the drilling activities, ground magnetic surveys were completed over several areas totalling 277-line kilometres to better define structure and lithology within potentially prospective target zones. At Zanikan, 1,130 metres were drilled in 10 RC holes to test the extensions of mineralised structures identified in previous AC drilling (Appendix B – Figure 2). Results were encouraging, the results appear to indicate multiple steeply west-dipping mineralised structures over 500 metres in strike and open ended to the north along a NNEtrending shear. ZARC018 and 019 were scissor holes to previously reported hole ZNAC010 that intercepted 9m @ 2.21 grams gold per tonne and 8m @ 1.56 grams gold per tonne. Visible gold has been observed in both holes. Additional RC drilling is currently underway to investigate the strike and depth extent of this mineralisation. Immediately south of the Sissingué open pit, encouraging results were also received from RC drilling completed during the previous Quarter that targeted Induced Polarisation (IP) and structural targets (Appendix B – Figure 3). Based on this, a further five RC holes (478 metres) were drilled during the current Quarter that also returned significant results.

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