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Perseus Mining Ltd.
Summary
| Project: | Sissingue | |
|---|---|---|
| Deposit: | Sissingue | |
| Location: | Côte D'Ivoire | |
| Commodities: | Gold | |
| Date: | 10/29/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 29-10-2018: Perseus Mining Ltd. announces a Resource Estimation report for its Sissingue deposit at the Sissingue project. Updated LOMP, mineral resources and ore reserve estimates at the project. The updated LOMP for Sissingué involves mining and process | |
| Resources: | (Reserve, P+P): 5.8Mt @ 2.1g/t Au for 380Koz Au contained | |
| CP/QP: | [Resources]: Nicolas Johnson (MPR Geological Consultants Pty Ltd.) | |
| ABSTRACT: | The updated LOMP for Sissingué involves mining and processing of ore from three open pit mining areas based on the Sissingué, Fimbiasso East (previously Bélé East) and Fimbiasso West (previously Bélé West) mineral deposits as shown below in Figure 1. Since publishing the previous LOMP for Sissingué in March 2017, mining and processing of ore at Sissingué has commenced. Perseus has recently completed a thorough review of all physical and cost parameters for the Sissingué operations and completed a review of the Resource Model to mill reconciliation. Based on the review both the Mineral Resource and Ore Reserve have been updated and a new Life of Mine Plan produced as at the end of August 2018. “The upgraded Mineral Resources and Ore Reserve statements that we have released today indicate that our recent exploration programs have not only replaced the ore that has been processed since the mine was commissioned earlier this year but has also modestly increased the inventory. Going forward we expect that this pattern will be repeated with incremental increases in Mineral Resources and Ore Reserves being achieved through the drill out of satellite deposits resulting in an extension of Sissingué’s mine life well beyond the originally envisaged 5 year period.” | |
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