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Perseus Mining Ltd.
Summary
| Project: | Yaoure | |
|---|---|---|
| Deposit: | Yaoure | |
| Location: | Côte D'Ivoire | |
| Commodities: | Gold | |
| Date: | 11/5/2018 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Mine Development | |
| Report details: | 5-11-2018: Perseus Mining Ltd. announces a Scoping Study report for its Yaoure deposit at the Yaoure project. Underground mine scoping study and Initial underground resource for Yaoure project. The Yaouré Gold Project (“the Project” or “Yaouré”) is locate | |
| Resources: | (Resource, Inf.): 3.009Mt @ 6.2g/t Au for 595Koz Au contained at Yaoure UG | |
| CP/QP: | [Overall Report]: Gary Brabham (Internal) | |
| ABSTRACT: | The Yaouré Gold Project (“the Project” or “Yaouré”) is located in a rural area on the southern edge of Lake Kossou, 35 km north-west of the capital Yamoussoukro and 25km east-northeast of the city of Bouaflé, in central Côte d’Ivoire, West Africa. Perseus completed a Definitive Feasibility Study (“DFS”) covering the open pit at the Project in November 2017. The DFS highlighted the potential for underground mining of the CMA, Y3, S1 and S2 lodes. Preliminary evaluation identified that the mineralisation with the highest potential for underground mining was the CMA Lode, immediately down dip of the DFS CMA pit. The amount of drilling completed to date in the CMA target area is sufficient for the potential underground mineralisation to be classified as an Inferred Mineral Resource. Limited geotechnical, hydrogeological, mining and metallurgical information is available from within or close to the area of interest, however there is sufficient information for a Scoping Study. A Scoping Study was initiated during the first half of 2018 to investigate the technical and economic viability of underground mining methods for extraction of the CMA Lode and to identify the requirements to convert the potential underground target to an Indicated Mineral Resource and Ore Reserve via a subsequent Prefeasibility Study (“PFS”). Managing Director Jeff Quartermaine Comments: “The results of the Yaouré underground mining Scoping Study announced today highlight one further avenue for Perseus to expand its already technically feasible and financially attractive, Yaouré Gold Project. When this potential is combined with the existing Mineral Resources and Ore Reserves that are scheduled to be mined using open cut mining methods, the Yaouré Gold Project, which on current estimates is expected to start producing gold from open pit operations in December 2020, should form a major portion of Perseus’s business in Côte d’Ivoire for many years to come.” | |
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