HIGHLIGHTS
Recent results from Perseus’s exploration programmes in Côte d’Ivoire, demonstrate potential for organic growth of gold inventories across its multi-mine asset portfolio, as follows:
- Encouraging results at Govisou, 3km from Perseus’s Yaouré
Gold Mine , with wide intercepts of shallow gold mineralisation including:- YRC1574: 93m @ 2.74 g/t Au from 0m and 24m @ 1.18 g/t Au from 98m
- YRC1596: 65m @ 2.73 g/t Au from 24m and 35m @ 3.49 g/t Au from 105m
- YRC1457: 25m @ 3.33 g/t Au from 55m
- YRC1458: 52m @ 3.02 g/t Au from 28m
- YRC1573: 92m @ 2.60 g/t Au from 0m
- YRC1565: 77m @ 2.47 g/t Au from 0m
- YRC1572: 76m @ 2.40 g/t Au from 8m
Early indications suggest Govisou hosts a ‘pencil- shaped’ plunging structure that remains open at depth. Follow-up drilling is planned to improve understanding of the Govisou mineralization. |
- Drilling at Bagoé permit, 70km from Perseus’s Sissingué
Gold Mine , confirms gold mineralisation at the Antoinette, Véronique and Juliette prospects, with recent drill results including:- 12m @ 3.49 g/t Au from 0m and 17m @ 6.45 g/t Au from 32m (Antoinette)
- 10m @ 4.19 g/t Au from 27m and 14m @ 3.21 g/t Au from 41m (Antoinette)
- 6m @ 6.75 g/t Au from 27m, 11m @ 3.89 g/t Au from 44m and 10m @ 2.66 g/t Au from 68m (Antoinette)
- 18m @ 8.42 g/t Au from 78m (Antoinette)
- 20m @ 5.36 g/t Au from 1m (Antoinette)
- 33m @ 2.94 g/t Au from 0m (Véronique)
- 14m @ 6.29 g/t Au from 22m (Véronique)
- 10m @ 6.16 g/t Au from 20m (Véronique)
- 15m @ 3.30 g/t Au from 36m (Juliette)
- 7m @ 7.78 g/t Au from 52m (Juliette)
Drill results from the Bagoé prospects will form the basis for a Definitive Feasibility Study (DFS) on a mining and trucking operation that will result in ore being transported to Sissingué for processing. The DFS is due to be completed in the |
- Perseus is on track to deliver on its plan of producing more than 500,000oz gold pa from FY2022, with each of its Edikan, Sissingue and Yaoure gold mines in production and producing to plan.
Perseus’s Managing Director & Chief Executive Officer, Mr “For the last five years or so, Perseus has been very focussed on funding the development of new mines. In that time, we have spent nearly The results published today illustrate the significant potential for the delineation of further Mineral Resources and Ore reserves in the vicinity of existing infrastructure at each of our mines. Our Yaouré tenements are showing excellent potential for further discoveries and the drilling results achieved at Bagoé demonstrate why Perseus acquired Exore Resources Limited last year and promise to provide mill feed to materially extend the life of our Sissingué operation.” |
PREAMBLE
Perseus is pleased to provide an update on its recent exploration activities at its Bagoé and Yaouré properties, both located in Côte d’Ivoire. The results demonstrate the potential for the Company to organically grow its gold inventory through further drilling success.
Yaouré is Perseus’s third gold mine, commencing production in
The Bagoé exploration licence, 60km south of Perseus’s Sissingué
YAOURÉ EXPLORATION DRILLING – GOVISOU AND ANGOVIA 2 PROSPECTS
Perseus has focused recent exploration activities at the Yaouré permits on the Angovia 2 and Govisou prospects, both within 5km of the Yaouré mill.
Particularly encouraging results have been returned from the Govisou prospect, 3km southwest of the Yaouré mill site, where 5,642 metres were drilled in 61 Reverse Circulation (“RC”) holes (with an additional 1,127 metres drilled in 14 holes during the
The geometry of the Govisou mineralisation remains uncertain at this stage, but current indications suggest a ‘pencil’-shaped plunging structure that remains open at depth. Further drilling, including oriented diamond core holes, is planned to elucidate the structural and lithological controls on mineralisation at Govisou.
At Angovia 2, located 3 kilometres southeast of the Yaouré mill, results were received for Resource definition drilling completed in the
Ongoing exploration programmes at Yaouré will focus on:
- Follow up drilling at Govisou to elucidate the lithostructural controls on the mineralisation and to follow potential down plunge extensions to the high-grade pod defined in the latest drilling.
- The commencement of drill testing of targets generated from the 3D seismic survey conducted in early 2020, with an initial focus on near-surface targets.
Table 1: Intercepts from Yaouré | |
Govisou | Angovia 2 |
YRC1457: 25m @ 3.33 g/t from 55m YRC1458: 52m @ 3.02 g/t from 28m YRC1459: 63m @ 2.35 g/t from 9m YRC1460: 22m @ 2.58 g/t from 20m YRC1558: 66m @ 1.47 g/t from 54m YRC1559: 66m @ 2.13 g/t from 54m YRC1560: 79m @ 1.25 g/t from 39m YRC1562: 35m @ 1.33 g/t from 6m YRC1564: 76m @ 1.86 g/t from 42m YRC1565: 77m @ 2.47 g/t from 0m YRC1571: 59m @ 2.05 g/t from 0m YRC1572: 76m @ 2.40 g/t from 8m YRC1573: 92m @ 2.60 g/t from 0m YRC1574: 93m @ 2.74 g/t from 0m and 24m @ 1.18 g/t from 98m YRC1590: 86m @ 2.18 g/t from 30m YRC1592: 64m @ 1.87 g/t from 50m YRC1593: 51m @ 1.06 g/t from 69m YRC1594: 39m @ 1.71 g/t from 78m YRC1596: 65m @ 2.73 g/t from 24m and 35m @ 3.49 g/t from 105m YRC1597: 38m @ 1.23 g/t from 82m | YRC1472: 23m @ 1.67 g/t from 37m YRC1476: 31m @ 1.55 g/t from 8m YRC1480: 11m @ 1.56 g/t from 94m YRC1481: 43m @ 4.07 g/t from 76m YRC1482: 15m @ 2.83 g/t from 73m YRC1485: 12m @ 1.56 g/t from 46m YRC1487: 43m @ 1.56 g/t from 45m YRC1491: 9m @ 13.97 g/t from 4m YRC1492: 43m @ 3.04 g/t from 5m YRC1493: 14m @ 1.59 g/t from 13m YRC1495: 13m @ 1.75 g/t from 23m YRC1496: 7m @ 2.97 g/t from 33m YRC1497: 14m @ 3.17 g/t from 13m YRC1505: 8m @ 3.06 g/t from 12m YRC1509: 15m @ 1.64 g/t from 9m YRC1518: 16m @ 9.60 g/t from 0m YRC1522: 13m @ 4.83 g/t from 41m YRC1526: 25m @ 1.71 g/t from 9m YRC1527: 16m @ 2.00 g/t from 36m YRC1542: 2m @ 4.03 g/t from 63m YRC1547: 10m @ 2.1 g/t from 40m and 7m @ 1.38 g/t from 58m YRC1551: 22m @ 0.74 g/t from 7m YRC1552: 12m @ 0.97 g/t from 19m YRC1555: 21m @ 0.96 g/t from 2m and 10m @ 1.15 g/t from 37m YRC1556: 46m @ 0.71 g/t from 4m and 3m @ 1.56 g/t from 53m |
BAGOÉ EXPLORATION PERMIT
Resource definition drilling was undertaken at the Antoinette, Véronique and Juliette prospects on the Bagoé permit. A total of 18,665 metres was drilled in 52 Air Core (“AC”), 252 RC and 6 diamond drilling (“DD”) holes, plus nine geotechnical and exploratory water bores. Almost all results have now been received for this drilling, generally confirming the tenor and width of previous drilling and suggesting possible extensions.
At Véronique, drilling defined strong mineralisation over a core zone of approximately 440 metres over widths of 3 to 9 metres. Better intercepts are shown in Table 2.
At Juliette, drilling confirmed strong mineralisation over a strike length of 250 metres with widths ranging from 4 to 22 metres. The mineralisation remains open to the southwest and at depth. Better intercepts from the Juliette drilling are included in the second column of Table 2.
Drilling at Antoinette Central was also successful in confirming strong mineralisation over a strike length of 875 metres with average widths of 5 to 44 metres. The mineralisation appears to remain open to both the northeast and southwest and at depth. Better intercepts from the Antoinette drilling are included in the last column of Table 2.
Exploration will now focus on investigation of other prospective opportunities identified on the Bagoé tenement, including:
- Strike and dip extensions to known deposits identified from the recent resource drilling.
- The Antoinette-Juliette ‘gap’ to follow up previous encouraging intercepts in AC and RC drilling beneath transported cover.
- Drilling to follow up encouraging drill intercepts between Antoinette and Antoinette South.
- Drilling to follow up encouraging intercepts on potential repetitions of the Véronique deposit and at regional prospects such as Odette and Brigette.
- Augering at early-stage regional prospects such as Ludivine.
Table 2 Intercepts** from Bagoé Exploration Permit - Véronique, Juliette and Antoinette Deposits | ||
Véronique | Juliette | Antoinette |
BDAC001682: 5m @ 13.6 g/t from 43m* BDAC001686: 15m @ 2.64 g/t from 10m BDAC001687: 33m @ 2.94 g/t from 0m BDAC001688: 14m @ 6.29 g/t from 22m BDAC001689: 7m @ 3.30 g/t from 23m BDAC001690: 8m @ 3.25 g/t from 37m BDAC001691: 5m @ 5.67 g/t from 18m BDAC001695: 9m @ 6.22 g/t from 25m* BDRC0280: 6m @ 8.36 g/t from 56m BDRC0283: 5m @ 8.74 g/t from 53m BDRC0291: 5m @ 3.97 g/t from 53m BDRC0306: 2m @ 5.31 g/t from 21m BDRC0307: 9m @ 2.35 g/t from 18m BDRC0352: 10m @ 3.22 g/t from 27m BDRC0353: 6m @ 5.24 g/t from 12m BDRC0355: 10m @ 6.16 g/t from 20m BDRC0358: 9m @ 3.89 g/t from 17m BDRC0412: 2m @ 25.2 g/t from 17m* BDRC0421: 3m @ 4.33 g/t from 22m BDRC0362: 15m @ 4.81 g/t from 3m* BDRC0366: 3m @ 34.9 g/t from 37m* BDRC0370: 3m @ 23.3 g/t from 21m* BDRC0386: 8m @ 7.03 g/t from 13m* BDRC0433: 6m @ 2.15 g/t from 14m BDRC0434: 3m @ 35.66 g/t from 10m* BDRC0440: 6m @ 1.08 g/t from 16m BDRC0447: 10m @ 1.14 g/t from 7m BDRC0450: 4m @ 4.25 g/t from 30m BDRC0456: 20m @ 1.44 g/t from 64m BDRC0457: 2m @ 5.72 g/t from 67m | BDRC0325: 15m @ 3.30 g/t from 36m BDRC0326: 12m @ 2.55 g/t from 55m BDRC0327: 10m @ 2.63 g/t from 38m BDRC0328: 9m @ 1.78 g/t from 52m BDRC0330: 8m @ 2.71 g/t from 37m BDRC0332: 7m @ 7.78 g/t from 52m BDRC0338: 6m @ 2.08 g/t from 64m BDRC0339: 22m @ 1.23 g/t from 40m BDRC0340: 16m @ 1.52 g/t from 48m BDRC0341: 9m @ 1.86 g/t from 6m and 8m @ 1.90 g/t from 34 BDRC0342: 9m @ 2.39 g/t from 45m BDRC0343: 13m @ 1.10 g/t from 26m BDRC0344: 13m @ 2.72 g/t from 26m BDRC0345: 13m @ 2.25 g/t from 43m BDRC0458: 5m @ 3.16 g/t from 36m BDRC0459: 10m @ 3.05 g/t from 50m BDRC0461: 16m @ 2.23 g/t from 41m BDRC0465: 18m @ 1.58 g/t from 39m BDRC0466: 19m @ 2.19 g/t from 59m | BDAC01696: 11m @ 2.98 g/t from 0m BDAC01697: 11m @ 4.95 g/t from 6m BDAC01698: 20m @ 5.36 g/t from 1m BDAC01699: 14m @ 2.49 g/t from 4m BDAC01700: 12m @ 3.49 g/t from 0m and 17m @ 6.45 g/t from 32m BDRC0467: 10m @ 3.95 g/t from 7m and 8m @ 2.93 g/t from 30m BDRC0469: 10m @ 4.19 g/t from 27m and 14m @ 3.21 g/t from 41m BDRC0469: 6m @ 6.75 g/t from 27m and 11m @ 3.89 g/t from 44m and 10m @ 2.66 g/t from 68m BDRC0471: 44m @ 2.37 g/t from 12m BDRC0472: 6m @ 6.01 g/t from 17m BDRC0473: 14m @ 3.02 g/t from 0m BDRC0474: 32m @ 4.03 g/t from 33m BDRC0475: 8m @ 3.02 g/t from 49m BDRC0476: 11m @ 2.19 g/t from 34m BDRC0479: 21m @ 4.43 g/t from 29m BDRC0480: 10m @ 3.43 g/t from 65m and BDRC0480: 18m @ 8.42 g/t from 78m BDRC0481: 17m @ 2.74 g/t from 18m BDRC0482: 5m@ 2.08 g/t from 45m BDRC0483: 15m @ 2.5 g/t from 42m BDRC0484: 14m @ 3.35 g/t from 0m and 5m @ 2.00 g/t from 55m BDRC0485: 8m @ 3.42 g/t from 93m BDRC0486: 12m @ 2.16 g/t from 43m BDRC0488: 8m @ 2.36 g/t from 77m BDRC0489: 6m @ 2.22 g/t from 0m BDRC0490: 10m @ 3.27 g/t from 19m BDRC0491: 12m @ 2.83 g/t from 44m BDRC0492: 9m @ 4.09 g/t from 9m BDRC0494: 7m @ 2.53 g/t from 69m BDRC0496: 11m @ 4.12 g/t from 73m BDRC0497: 12m @ 8.32 g/t from 21m BDRC0498: 6m @ 2.47 g/t from 52m BDRC0505: 10m @ 7.13 g/t from 10m and 11m @ 3.22 g/t from 32m BDRC0507: 11m @ 2.45 g/t from 47m BDRC0513: 24m @ 3.33 g/t from 70m BDDD0015: 8.5m @ 3.35 g/t from 20m BDDD0016: 10m @ 3.54 g/t from 0m BDDD0017: 14m @ 4.23 g/t from 63m BDDD0020: 5m @ 28.56 g/t from 70m BDDD0021: 10m @ 9.14 g/t from 76m BDDD0021: 9m @ 17.88 g/t from 116m BDDD0022: 7m @ 6.92 g/t from 18m BDDD0022: 8m @ 2.53 g/t from 34m BDDD0022: 12m @ 6.01 from 74m |
Notes:
* Previously reported – ASX announcement of
** Significant intercepts calculated using a minimum grade of 0.3 g/t, a minimum length of 2m and maximum internal dilution of 2m.
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Competent Person Statement:
All production targets for Edikan, Sissingué and Yaouré referred to in this report are underpinned by estimated Ore Reserves which have been prepared by competent persons in accordance with the requirements of the JORC Code. The information in this report that relates to Esuajah North Mineral Resources estimate was first reported by the Company in compliance with the JORC Code 2012 and NI43-101 in a market announcement entitled “Perseus Mining Updates Mineral Resources & Ore Reserves” released on
The information in this report that relates to Mineral Resources and Ore Reserves for Sissingué was first reported by the Company in compliance with the JORC Code 2012 and NI43-101 in a market announcement released on
The information in this report and the attachments that relate to exploration drilling results at the Yaouré and Bagoé Projects is based on, and fairly represents, information and supporting documentation prepared by Dr
Caution Regarding Forward Looking Information:
This report contains forward-looking information which is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Assumptions have been made by the Company regarding, among other things: the price of gold, continuing commercial production at the
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