Proactive Investors - Run By Investors For Investors

Perseus Mining farm-in partner has drill spinning at Côte d’Ivoire gold project

Manas Resources is earning a 70% interest in the Mbengué permit held by a subsidiary of Perseus.
Diamond drill rig at Mbengué Gold Project
Diamond drilling at the project in northern Côte d’Ivoire.

Perseus Mining Limited (ASX:PRU) (TSE:PRU) (OTCMKTS:PMNXF) farm-in partner Manas Resources Ltd (ASX:MSR) has started a 1,000-metre drilling program at Mbengué Gold Project in Côte d’Ivoire, West Africa.

The short program of diamond drilling is designed to validate the results of previous drilling.

It is also intended to provide a higher level of confidence in the geological and structural interpretation of mineralisation at K1 prospect and its surrounds, where multiple vein orientations have been mapped.

READ: Perseus Mining’s farm-in partner prepares to drill for gold in Côte d’Ivoire

Manas is earning a 70% interest in the project, which is held by a subsidiary of Perseus, through sole-funding exploration.

Perseus has previously undertaken several geochemical and exploration drilling campaigns over the Mbengué permit.

Previous percussion drilling work produced a number of notable intersections, including 28 metres at 8.14 g/t gold and 27 metres at 3.71 g/t; 58 metres at 1.48 g/t; and 6 metres at 6.04 g/t.

These results are from the K1 prospect, about 10 kilometres north of the Tongon gold mine operated by Randgold Resources Limited (LON:RRS).

READ: Perseus Mining boosts gold production by 45%, lowers costs by 22% in FY18

Subsequently, Manas conducted an independent review of the drilling database to validate the data for JORC Code 2012-compliance.

This review identified additional drill intercepts and two minor discrepancies in previously released information which have been adjusted.

Program expected to take four weeks

Manas expects to complete the drill program within four weeks, weather permitting, with samples planned to be sent progressively to the laboratory.

Mbengué is within the highly prospective Birimian greenstone belt of Côte d’Ivoire.

View full PRU profile View Profile

Perseus Mining Ltd Timeline

Related Articles

Fifield project in NSW
January 11 2019
The company is awaiting assay data which is expected in January 2019.
Resolute projects in Africa and Australia
April 11 2019
The miner produced 33% more gold last quarter, achieving record production at Syama in Mali.
An output of FYI's process, 99.999% (5N) high-purity alumina
March 14 2019
The company’s share price is up on news of producing 5N (99.999%) high-purity alumina.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use