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Perseus Mining Ltd.
Summary
| Project: | Yaoure | |
|---|---|---|
| Deposit: | Yaoure | |
| Location: | Côte D'Ivoire | |
| Commodities: | Gold | |
| Date: | 5/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 18-5-2017: Perseus Mining Ltd. announces an Exploration/Drilling Update report for its Yaoure deposit at the Yaoure project. Drilling results incl. 14.8m @ 6.94g/t Au from 75.2m. Perseus Mining Limited (“Perseus” or the “Company”) (ASX/TSX: PRU) is please | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Gary Brabham (Internal) | |
| ABSTRACT: | Perseus Mining Limited (“Perseus” or the “Company”) (ASX/TSX: PRU) is pleased to report progress achieved to date on drilling programmes at its Yaouré Gold Project in Côte d’Ivoire, West Africa (“Yaouré”). Yaouré is expected to become Perseus’s third operating mine when it is developed and will make a significant contribution towards Perseus’s target of producing in excess of 500,000 ounces of gold from its West African mines by 2021. The recently completed drilling programmes will provide critical information on which to base a Definitive Feasibility Study (“DFS”) at Yaouré that is now scheduled to be finalised in the December 2017 quarter. Previous mining at Yaouré exploited oxide gold mineralisation in two adjacent pits, namely, the Yaouré pit and, to the east, the CMA pit. The CMA pit has been backfilled with waste material from the Yaouré pit. The CMA deposit comprises gold mineralisation hosted by a north-striking shear zone up to 40 metres true thickness and dipping consistently at 25-30 degrees to the east. Gold is associated with pyrite in ankeritequartz veins and adjacent altered basalt. Mineralisation in the Yaouré pit is more complex, with gold mineralisation hosted variously by east-dipping structures similar to the CMA lode (“Y-type” structures), steep east, north-east and south-east striking faults (“S-type” structures) and as sheeted vein arrays hosted by a granodiorite intrusive body. Similar to CMA, gold is associated with pyrite within, and adjacent to, quartz and quartz-carbonate veins. | |
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