For thousands of other reports visit RSC's Mineral Intellingence Map

Perseus Mining Ltd.

opaxe

Summary

Project:

Yaoure

Deposit:Yaoure
Location:Côte D'Ivoire
Commodities:Gold
Date:8/29/2018
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Mine Development
Report details:29-8-2018: Perseus Mining Ltd. announces a Resource Estimation report for its Yaoure deposit at the Yaoure project. Statement of mineral resources and ore reserves at Yaoure. Perseus Mining Limited (ASX/TSX: PRU) (“Perseus”) wishes to update estimates of
Resources:(Reserve, Prob.): 25.3Mt @ 1.80g/t Au
CP/QP:[Resources]: Not stated (n/a)
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 as follows 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 metal indicated by grade control data at both mines. The demonstrated predictive reliability of our Mineral Resource models is providing a sound basis on which to plan our future. In this latest Mineral Resource estimate, we have constrained our resource models more tightly than before, using a more conservative gold price without changing the underlying integrity of the models. This resulted in a reduction in reported Mineral Resources across the Group, however, the change has not materially altered our view of what metal is in the ground, nor our view of what amount of metal can be economically extracted as Ore Reserves. This change in reporting is consistent with industry standards and is aimed at continuously improving the transparency and reliability of our reporting as part of our transformation from a single mine company to a multi-mine, multi-jurisdictional operation.” The Mineral Resource estimates have been prepared in accordance with the 2012 Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). The classification categories of Measured, Indicated and Inferred under the JORC Code are equivalent to the CIM categories of the same name (CIM, 2010). EDIKAN GOLD MINE The updated Measured and Indicated Mineral Resource for the Edikan Gold Mine in Ghana (“Edikan”) is now estimated as 84.9Mt grading at 1.01 g/t gold, containing 3,025 koz of gold as shown in Table 1. A further 6.8 Mt of material grading at 1.25 g/t gold and containing a further 267 koz of gold are classified as Inferred Resources. Details of these estimates are shown below in Table 2.

Full Report

opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.

Full Report