![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Perseus Mining Ltd | TSX:PRU | Toronto | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.01 | 0.41% | 2.42 | 2.31 | 2.50 | 2.42 | 2.41 | 2.42 | 3,334 | 22:40:00 |
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Perseus Mining Limited ("Perseus" or the "Company") (TSX:PRU)(ASX:PRU) is pleased to provide details of high grade gold intercepts recorded during recent drilling on the Bokitsi South Deposit at its Edikan Gold Mine (EGM) in Ghana, West Africa. (Refer to Figure 1 - Location Map) Highlights BKRC070 - 13m at 5.7g/t Au from 75m including 5m at 12.5g/t Au from 77m BKRC074 - 15m at 4.2g/t Au from 44m including 2m at 11.6g/t Au from 56m BKRC077 - 9m at 6.8g/t Au from 53m including 2m at 12.1g/t Au from 55m BKRC078 - 11m at 7.4g/t Au from 40m including 4m at 14.3g/t Au from 40m BKRC079 - 10m at 6.7g/t Au from 66m including 3m at 12.3g/t Au from 71m BKRC081 - 20m at 8.6g/t Au from 67m including 3m at 30.5g/t Au from 67m and 4m at 11.4g/t Au from 79m Bokitsi South is the first of a number of targets to be drill tested with the aim of identifying high grade mineralisation that can be included in mill feed for the EGM processing plant. The programme included 37 RC drill holes totalling 2,973 metres and to date results have been received for 15 of the 37 holes. Three of the holes were diamond core tailed due to the presence of water, but otherwise the predominantly RC drilling program was conducted with dry samples. (Refer to Figure 2 for a plan of the Bokitsi South deposit and to Figure 3 for a vertical longitudinal section.) This drilling programme targeted areas containing Inferred Mineral Resources at Bokitsi South, as well as testing the southern extent of the lode. When all drill results from the programme are available, they will be incorporated into a revised calculation of the Mineral Resources at Bokitsi South which will be published early in the September 2014 Quarter. A maiden Mineral Reserve estimate for the Bokitsi South deposit based on the updated Mineral Resource data is expected to be released late in the September 2014 Quarter. ---------------------------------------------------------------------------- Perseus Managing Director, Jeff Quartermaine's Comments "The in-fill drill results achieved at Bokitsi South are very encouraging in our quest to delineate high grade mineralisation to enhance the grade of mill feed at our Edikan Gold Mine. "While work remains to be completed to confirm the exact impact of the recent results on delineating a Mineral Reserve at Bokitsi South, it would be reasonable to assume that the impact will be positive and that a case could be made for bringing forward the development of the Bokitsi South deposit in our Life of Mine Plan. The fact that the mineralisation is located within 5 kilometres of our processing plant at Edikan is an added bonus." ---------------------------------------------------------------------------- The Bokitsi sediment shear hosted mineralized zone extends along the western flank of the Fetish deposit to 1.5 kilometres to the south. Mineralisation is contained in a 5 to 25 metre wide shear zone in volcaniclastic sediments with silica-sericite alteration, quartz veining and 1 to 3% pyrite plus arsenopyrite. While the granite hosted deposits at Edikan tend to be wide and low grade, the sediment shear hosted deposits are narrower with significantly higher grade. Two discrete deposits have been delineated on the trend, including Bokitsi North which is located immediately west of the Fetish deposit and Bokitsi South. Oxide ore was mined from both deposits in the 1990s, with the Bokitsi South lode exploited by Ashanti Goldfields. Metallurgical test work conducted on the Bokitsi South gold mineralised material indicates that it is amenable to processing through the EGM circuit at marginally lower recoveries than the Edikan granite orebodies. The drilling program on Bokitsi South has infill-drilled the principal sulphide lode below the old oxide pit to a nominal 20m by 20m drill spacing and extended the drill testing to the south in order to expand and upgrade the Mineral Resource. Significant intercepts from all holes are listed in Table 1 of Attachment 1. To view "Figure 1. Location of the Bokitsi South Deposit", please visit the following link: http://media3.marketwire.com/docs/perseus_mining_limited_jun19_fig01.pdf To view "Figure 2. Plan Map of the Bokitsi South Resource Infill Drilling", please visit the following link: http://media3.marketwire.com/docs/perseus_mining_limited_jun19_fig02.pdf Competent Person Statement: The information in this report and attachments 1 and 2 that relates to exploration results is based on, and fairly represents, information and supporting documentation prepared by Mr Kevin Thomson, a Competent Person who is a Professional Geoscientist with the Association of Professional Geoscientists of Ontario. Mr Thomson is an employee of a subsidiary of the Company. Mr Thomson has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'") and to qualify as a "Qualified Person" under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). Mr Thomson consents to the inclusion in this report of the matters based on his information in the form and context in which it appears. For a description of Perseus' data verification process, quality assurance and quality control measures, the effective date of the mineral resource and mineral reserve estimates contained herein, details of the key assumptions, parameters and methods used to estimate the mineral resources and reserves set out in this report and the extent to which the estimate of mineral resources or mineral reserves set out herein may be materially affected by any known environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant issues, readers are directed to the technical report entitled "Technical Report - Central Ashanti Gold Project, Ghana" dated May 30, 2011 and the technical report entitled "Technical Report - Tengrela Gold Project, Cote d'Ivoire" dated December 22, 2010 in relation to the Edikan Gold Mine (formerly the Central Ashanti Gold Project) and the Tengrela Gold Project respectively. 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 Edikan Gold Mine without any major disruption, development of a mine at Tengrela, the receipt of required governmental approvals, the accuracy of capital and operating cost estimates, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used by the Company. Although management believes that the assumptions made by the Company and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the actual market price of gold, the actual results of current exploration, the actual results of future exploration, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's publicly filed documents. The Company believes that the assumptions and expectations reflected in the forward-looking information are reasonable. Assumptions have been made regarding, among other things, the Company's ability to carry on its exploration and development activities, the timely receipt of required approvals, the price of gold, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain financing as and when required and on reasonable terms. Readers should not place undue reliance on forward-looking information. Perseus does not undertake to update any forward-looking information, except in accordance with applicable securities laws. To view "Figure 3. Vertical Longitudinal Section of the Bokitsi South Deposit with Recent Infill Drilling Highlighted", please visit the following link: http://media3.marketwire.com/docs/perseus_mining_limited_jun19_fig03.pdf ATTACHMENT 1 - EDIKAN DRILLING RESULTS Table 1: Bokitsi South Resource Infill Drilling Results ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Hole East North RL Depth Azm. Incl. From To Width Au (m) (m) (mASL) (m) (degrees) (degrees) (m) (m) (m) g/t ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- BKRC068 2,807 4,400 157 115 307 -50 97 104 7 3.6 ---------------------------------------------------------------------------- BKRC069 2,800 4,380 155 105 307 -55 92 96 4 9.2 incl. 92 94 2 17.7 ---------------------------------------------------------------------------- BKRC070 2,786 4,340 156 95 307 -45 75 88 13 5.7 incl. 77 82 5 12.6 ---------------------------------------------------------------------------- BKRC071 2,803 4,300 159 110 307 -55 91 100 9 2.1 ---------------------------------------------------------------------------- BKRC072 2,808 4,260 157 110 307 -55 83 94 11 4.4 incl. 83 85 2 9.1 ---------------------------------------------------------------------------- BKRC073 2,793 4,240 151 120 307 -50 56 82 26 1.6 92 94 2 2.9 ---------------------------------------------------------------------------- BKRC074 2,770 4,220 149 72 307 -45 44 59 15 4.2 incl. 47 50 3 7.4 and 56 58 2 11.6 ---------------------------------------------------------------------------- BKRC075 2,781 4,220 149 84 307 -55 32 33 1 9.5 53 60 7 5.4 incl. 54 56 2 12.4 63 66 3 8.6 incl. 64 65 1 17.6 ---------------------------------------------------------------------------- BKRC076 2,819 4,220 153 100 307 -55 90 97 7 6.4 incl. 91 94 3 12.8 ---------------------------------------------------------------------------- BKRC077 2,769 4,380 154 65 307 -45 53 62 9 6.8 incl. 55 57 2 12.1 ---------------------------------------------------------------------------- BKRC078 2,759 4,400 155 60 307 -45 40 51 11 7.4 incl. 40 44 4 14.3 ---------------------------------------------------------------------------- BKRC079 2,775 4,320 157 90 307 -45 66 76 10 6.7 incl. 71 74 3 12.3 ---------------------------------------------------------------------------- BKRC080 2,774 4,280 154 120 307 -45 66 68 2 2.6 71 72 1 24.8 111 118 7 1.0 ---------------------------------------------------------------------------- BKRC081 2,783 4,260 153 110 307 -45 45 47 2 1.5 67 87 20 8.6 incl. 67 70 3 30.5 and 79 83 4 11.4 ---------------------------------------------------------------------------- BKRC082 2,774 4,240 150 112 307 -45 55 56 1 6.9 59 66 7 5.8 incl. 63 65 2 10.0 80 84 4 1.0 ---------------------------------------------------------------------------- ATTACHMENT 2 - JORC CODE, 2012 Edition - Table 1 Section 1 Sampling Techniques and Data ---------------------------------------------------------------------------- Criteria JORC Code Explanation Commentary ---------------------------------------------------------------------------- Sampling - Nature and quality of - Reverse Circulation (RC) techniques sampling (eg cut channels, drill holes (BKRC holes) were random chips, or specific routinely sampled at 1m specialised industry standard intervals down the hole. RC measurement tools appropriate samples were collected at the to the minerals under drill rig by riffle splitting investigation, such as down drill spoils to collect a hole gamma sondes, or handheld nominal 1-2 kg sub sample and XRF instruments, etc). These composited into 2m samples for examples should not be taken assay of unmineralised as limiting the broad meaning hanging-wall material, and 1m of sampling. samples were submitted for assay of the mineralised - Include reference to zones. measures taken to ensure sample representivity and the - Routine standard reference appropriate calibration of any material, sample blanks, and measurement tools or systems sample field duplicates were used. inserted/collected at every 12th sample in the sample - Aspects of the determination sequence on average in order of mineralisation that are to gauge and ensure sample Material to the Public Report. representivity and quality of results from the laboratory. - In cases where 'industry standard' work has been done - All RC samples were this would be relatively submitted to Intertek Minerals simple (eg 'reverse Ghana in Tarkwa for circulation drilling was used preparation and analysis for to obtain 1 m samples from Gold by 50g Fire Assay with which 3 kg was pulverised to AAS finish. produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information. ---------------------------------------------------------------------------- Drilling - Drill type (eg core, reverse - All RC holes were completed techniques circulation, open-hole hammer, by reverse circulation (RC) rotary air blast, auger, drilling techniques with a Bangka, sonic, etc) and hole diameter of 5.5 inch and details (eg core diameter, a face sampling down hole triple or standard tube, depth hammer. of diamond tails, face- sampling bit or other type, whether core is oriented and if so, by what method, etc). ---------------------------------------------------------------------------- Drill sample - Method of recording and - A qualitative estimate of recovery assessing core and chip sample sample recovery was done for recoveries and results each sample metre collected assessed. from the drill rig. - Measures taken to maximise - Riffle split samples were sample recovery and ensure weighed to ensure consistency representative nature of the of sample size and monitor samples. sample recoveries. - Whether a relationship - Drill sample recovery and exists between sample recovery quality is considered to be and grade and whether sample adequate for the drilling bias may have occurred due to technique employed. Wet RC preferential loss/gain of samples were not an issue as fine/coarse material. the RC drill rig had sufficient air pressure to ensure dry samples. ---------------------------------------------------------------------------- Logging - Whether core and chip - All drill samples were samples have been geologically geologically logged by Company and geotechnically logged to a Geologists. level of detail to support appropriate Mineral Resource - Geological logging recorded estimation, mining studies and rock types, visual estimates metallurgical studies. of the abundance of quartz fragments and sulphides plus - Whether logging is the degree of weathering using qualitative or quantitative in a standardized logging system. nature. Core (or costean, channel, etc) photography. - All (100%) of material drilled via RC drilling - The total length and methods was logged in detail percentage of the relevant by Company geologists. intersections logged. - Small samples of drill material were retained in chip trays for future reference and validation of geological logging. ---------------------------------------------------------------------------- Sub-sampling - If core, whether cut or sawn - All dry samples were riffle techniques and whether quarter, half or split at the drill rig. Wet RC and sample all core taken. samples were not encountered preparation in this program. When chips - If non-core, whether were showing signs of riffled, tube sampled, rotary moisture, the drilling split, etc and whether sampled switched to diamond core to wet or dry. avoid wet chips in several holes. - For all sample types, the nature, quality and - Routine field sample appropriateness of the sample duplicates were taken to preparation technique. evaluate representivity of samples with the results - Quality control procedures stored in the master drill adopted for all sub-sampling database for reference. stages to maximise representivity of samples. - At the Intertek Minerals Ghana laboratory, samples were - Measures taken to ensure weighed, dried and crushed to that the sampling is -2mm in a jaw crusher. A 1.5kg representative of the in situ split of the crushed sample material collected, including was subsequently pulverised in for instance results for field a ring mill to achieve a duplicate/second-half nominal particle size of 85% sampling. passing 75um. - Whether sample sizes are - Sample sizes and laboratory appropriate to the grain size preparation techniques are of the material being sampled. considered to be appropriate for this stage of gold exploration. ---------------------------------------------------------------------------- Quality of - The nature, quality and - For the RC drill samples, assay data and appropriateness of the analysis for Gold was laboratory assaying and laboratory undertaken at the Intertek tests procedures used and whether Minerals Ghana laboratory by the technique is considered 50g Fire Assay with AAS finish partial or total. to a lower detection limit of 0.01ppm. Fire assay is - For geophysical tools, considered a total assay spectrometers, handheld XRF technique. instruments, etc, the parameters used in determining - No geophysical tools or the analysis including other non-assay instruments instrument make and model, were used in the analyses reading times, calibrations reported. factors applied and their derivation, etc. - Review of standard reference material, sample blanks and - Nature of quality control duplicates suggest there are procedures adopted (eg no significant analytical bias standards, blanks, duplicates, or preparation errors in the external laboratory checks) reported analyses. and whether acceptable levels of accuracy (ie lack of bias) - Internal laboratory QAQC and precision have been checks are reported by the established. laboratory and routine review of the laboratory QAQC suggests the laboratory is performing within acceptable limits. ---------------------------------------------------------------------------- Verification - The verification of - Drill hole data is captured of sampling significant intersections by by Company geologists at the and assaying either independent or drill rig and manually entered alternative company personnel. into a digital database. - The use of twinned holes. - The digital data is verified and validated by the Company's - Documentation of primary database Manager before data, data entry procedures, loading into a master drill data verification, data hole database on a regularly storage (physical and backed-up server. electronic) protocols. - Reported drill hole - Discuss any adjustment to intercepts are compiled by the assay data. Company's Group Exploration Manager. - Twin holes were not drilled to verify results as it is considered unnecessary at this stage of drilling. - There were no adjustments to assay data. ---------------------------------------------------------------------------- Location of - Accuracy and quality of - Drill hole collars were set data points surveys used to locate drill out in a local grid datum holes (collar and down-hole using a Total Station, with a surveys), trenches, mine number of well-established workings and other locations survey bench marks for used in Mineral Resource control. estimation. - Drill hole collars were - Specification of the grid picked up after drilling with system used. a Total Station and cross- checked with a DGPS in UTM - Quality and adequacy of WGS84 Zone 30N. The accuracy topographic control. in lateral and vertical directions is considered to be within millimetres. - Drill holes were surveyed for down hole deviation using a Reflex EZ-Shot tool, at 12m and 30m depth, and every 30m depth thereafter, plus at the end-of-hole. - Locational accuracy at collar and down the drill hole is considered appropriate for this stage of drilling. ---------------------------------------------------------------------------- Data spacing - Data spacing for reporting - The drilling program was one and of Exploration Results. of infill drilling for an distribution eventual resource update. - Whether the data spacing and Previous drilling was in- distribution is sufficient to filled to a nominal spacing of establish the degree of 20 meters X 20 meters in this geological and grade program. continuity appropriate for the Mineral Resource and Ore - The reported drilling is Reserve estimation sufficient to establish procedure(s) and geological and grade classifications applied. continuity and will be used for a future resource update - Whether sample compositing of the deposit. has been applied. - Sample compositing was performed only in the sampled hang-wall waste material with 2 X 1m sample composites, however sample compositing was not performed in the mineralised zones and the original 1 metre samples were submitted for assay. ---------------------------------------------------------------------------- Orientation of - Whether the orientation of - In plan, drilling has been data in sampling achieves unbiased performed approximately relation to sampling of possible perpendicular to the strike of geological structures and the extent to controlling structures and the structure which this is known, mineralisation. In cross- considering the deposit type. section, drill holes were drilled at high angles to the - If the relationship between dip of structures and the drilling orientation and mineralisation. the orientation of key mineralised structures is - The drilling has largely considered to have introduced been drilled at high angle to a sampling bias, this should the mineralisation and a be assessed and reported if sampling bias is not expected material. to have been introduced. ---------------------------------------------------------------------------- Sample - The measures taken to ensure - Samples were stored in a security sample security. fenced compound within the Company's Edikan Mine Site until being collected at site by Intertek Minerals Ghana vehicles and transported to their laboratory in Tarkwa. ---------------------------------------------------------------------------- Audits or - The results of any audits or - The Company's sampling reviews reviews of sampling techniques techniques employed in Ghana and data. were last reviewed in a site visit to the Edikan Gold Mine by consultants Runge Limited (now RungePincockMinarco Limited) in October of 2010 and are deemed to be of industry standard and satisfactory. ---------------------------------------------------------------------------- Section 2 Reporting of Exploration Results (Criteria listed in the preceding section also apply to this section.) ---------------------------------------------------------------------------- Criteria JORC Code Explanation Commentary ---------------------------------------------------------------------------- Mineral - Type, reference name/number, - The reported results are tenement and location and ownership from the Ayanfuri Mining land tenure including agreements or Lease, permit ML1110/1994. The status material issues with third Ayanfuri Mining Lease is parties such as joint located in the Central Region ventures, partnerships, of Ghana and is owned by overriding royalties, native Perseus Mining (Ghana) title interests, historical Limited, a 90% owned sites, wilderness or national subsidiary of Perseus Mining park and environmental Limited, with the remaining settings. 10% owned by the Government of Ghana. A production royalty of - The security of the tenure 5% is due to the government of held at the time of reporting Ghana and royalties totalling along with any known 1.75% are due to other impediments to obtaining a parties. licence to operate in the area. - The Ayanfuri Mining Lease is in good standing, valid through to 30 December 2024. ---------------------------------------------------------------------------- Exploration - Acknowledgment and appraisal - Historical exploration and done by other of exploration by other mining was conducted on the parties parties. property from the early 1990s up to 2001 by Cluff Mining (Ghana) Ltd and Ashanti Goldfields Corp. - The past exploration was successful and resulted in multiple discoveries leading to mining. ---------------------------------------------------------------------------- Geology - Deposit type, geological - The Ayanfuri Mining Lease is setting and style of situated within the Paleo- mineralisation. Proterozoic Birimian of Southern Ghana, being located in the Kumasi Basin sedimentary group approximately 5 to 8 kilometres west of the Ashanti Greenstone Belt. - The subject of this drilling program was the South Bokitsi Extension deposit, which is a sedimentary shear-hosted Orogenic gold deposit. Host rocks consist of mainly volcaniclastic and epiclastic meta-sediments and gold mineralisation is situated in a silica-sericite altered shear zone with quartz veining plus up to 3% disseminated pyrite and arsenopyrite. ---------------------------------------------------------------------------- Drill hole - A summary of all information - Reported results are Information material to the understanding summarised in Table 1 within of the exploration results the attached announcement. including a tabulation of the following information for all - The drill holes reported in Material drill holes: this announcement have the following parameters: -- easting and northing of the drill hole collar -- All drill holes have been reported for which results -- elevation or RL (Reduced have been received. Level - elevation above sea level in metres) of the drill -- Grid co-ordinates are a hole collar local mine grid with the baseline oriented at 38 deg. -- dip and azimuth of the hole east of true north. -- down hole length and -- Collar elevation is defined interception depth as height above sea level in metres (RL) and has been -- hole length determined with a DGPS. - If the exclusion of this -- Dip is the inclination of information is justified on the hole from the horizontal. the basis that the information Azimuth is reported relative is not Material and this to the local grid as the exclusion does not detract direction toward which the from the understanding of the hole is drilled. report, the Competent Person should clearly explain why -- Down hole length of the this is the case. hole is the distance from the surface to the end of the hole, as measured along the drill trace -- Intersection depth is the distance down the hole as measured along the drill trace. -- Intersection width is the down hole distance of an intersection as measured along the drill trace -- Hole length is the distance from the surface to the end of the hole, as measured along the drill trace. - Previously reported drilling results have not been repeated in this announcement. ---------------------------------------------------------------------------- Data - In reporting Exploration - Drill hole intercepts are aggregation Results, weighting averaging reported from 1m metre down methods techniques, maximum and/or hole samples. minimum grade truncations (eg cutting of high grades) and - A minimum cut-off grade of cut-off grades are usually 0.5 g/t Au is applied to the Material and should be stated. reported intervals. - Where aggregate intercepts - Maximum internal dilution is incorporate short lengths of 2m within a reported interval. high grade results and longer lengths of low grade results, - No grade top cut-off has the procedure used for such been applied. aggregation should be stated and some typical examples of - No metal equivalent such aggregations should be reporting is used or applied. shown in detail. - The assumptions used for any reporting of metal equivalent values should be clearly stated. ---------------------------------------------------------------------------- Relationship - These relationships are - Previous drilling has well between particularly important in the established the geometry and mineralisation reporting of Exploration orientation of the widths and Results. mineralisation being drilled intercept in this program, and drilling lengths - If the geometry of the has been planned to be nearly mineralisation with respect to perpendicular to the strike the drill hole angle is known, and dip of the mineralisation. its nature should be reported. - The mineralised zone dips on - If it is not known and only average 50 deg to the the down hole lengths are southeast, and drilling was reported, there should be a inclined at -50 to -45 to the clear statement to this effect northwest. True thicknesses of (eg 'down hole length, true drill intercepts ranges width not known'). between approximately 88% and 100% of the down-hole length. - Results are reported as down hole length. ---------------------------------------------------------------------------- Diagrams - Appropriate maps and - Figure 1 is a general sections (with scales) and location map of the Bokitsi tabulations of intercepts South deposit, relative to should be included for any other deposits at the Edikan significant discovery being Gold Mine. reported These should include, but not be limited to a plan - Figure 2 is a plan map of view of drill hole collar previous and recent drill hole locations and appropriate collars at Bokitsi South. sectional views. - Figure 3 is a vertical Longitudinal Section of the Bokitsi South deposit highlighting recent infill drilling with intercepts greater than 50 gramsXmeters annotated. ---------------------------------------------------------------------------- Balanced - Where comprehensive - All drill holes drilled in reporting reporting of all Exploration this program are shown in Results is not practicable, Figure 2 (Drill Plan) and all representative reporting of holes for which assays have both low and high grades been received are shown in and/or widths should be Figure 3 (Vertical practiced to avoid misleading Longitudinal Section). reporting of Exploration Results. ---------------------------------------------------------------------------- Other - Other exploration data, if - There is no other substantive meaningful and material, exploration data which is exploration should be reported including considered material to the data (but not limited to): results reported in this geological observations; announcement. geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances. ---------------------------------------------------------------------------- Further work - The nature and scale of - Further drilling on the planned further work (eg tests Bokitsi South deposit might be for lateral extensions or conducted, if warranted, depth extensions or large- depending on the results of scale step-out drilling). the remaining drill holes still pending assays. - Diagrams clearly highlighting the areas of - Once all assays have been possible extensions, including received, an update to the the main geological Bokitsi South deposit resource interpretations and future is planned. drilling areas, provided this information is not commercially sensitive. ---------------------------------------------------------------------------- FOR FURTHER INFORMATION PLEASE CONTACT: To discuss any aspect of this announcement, please contact: Perseus Mining Limited Managing Director: Jeff Quartermaine +61 8 6144 1700 jeff.quartermaine@perseusmining.com (Perth) Perseus Mining Limited Investor Relations: Nathan Ryan +61 4 20 582 887 nathan.ryan@nwrcommunications.com.au (Melbourne)
1 Year Perseus Mining Chart |
1 Month Perseus Mining Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions