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Perseus Mining Ltd.
Summary
| Project: | Yaoure | |
|---|---|---|
| Deposit: | Yaoure | |
| Location: | Côte D'Ivoire | |
| Commodities: | Gold | |
| Date: | 8/27/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 27-8-2019: Perseus Mining Ltd. announces a Resource Estimation report for its Yaoure deposit at the Yaoure project. Updated mineral resources and ore reserves. Perseus Mining Limited (ASX/TSX: PRU) (“Perseus”) wishes to update estimates of the Mineral Res | |
| Resources: | (Reserve, Prob.): 27.3Mt @ 1.78g/t Au at Yaoure | |
| CP/QP: | [Resources]: Gary Brabham, Jonathon Abbot (Internal:MPR Geological Consultants Pty Ltd.) | |
| ABSTRACT: | Perseus Mining Limited (ASX/TSX: PRU) (“Perseus”) wishes to update estimates of the Mineral Resources and Ore Reserves at each of its West African operations. Perseus’s Managing Director and CEO, Jeff Quartermaine, commented as follows: “In the last twelve months, our Mineral Resource modelling at both Edikan and Sissingué has been proven to be robust with close reconciliation between contained metal forecast by our block models and the metal we actually recover from processing of the ore at both mines. In striving for continuous improvement, we have updated our resource models based on the outcomes of our stringent reconciliation processes, in order to provide the best possible forecast of future ounce production. The demonstrated predictive reliability of our Mineral Resource and Ore Reserve models continues to provide a sound basis on which to plan our future. In this latest estimate, we have included an update of the Yaouré open pit Mineral Resources based on additional drilling information and updated the associated Ore Reserve based on the outcome of the FEED Study. As a result, there are small increases in both the Mineral Resource and Ore Reserve estimates and, more importantly, there is a higher level of confidence in forecast production and costs. In addition, an initial estimate of the underground Mineral Resource at Yaouré has been completed, with follow up work to increase the resource further now being implemented.” | |
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