African Gold Hunt Gives Perseus New Goals

On the back of two major resource upgrades at its world-class Ayanfuri gold project in Ghana, Perseus Mining has been prominent in the media.

An article from respected business journalist Barry Fitzgerald which appeared in today's Melbourne-based newspaper The Age drew comparisons with fellow African gold companies Equigold and Lihir.

"As it is, on its current resource base, Perseus is trading at less than $50 an ounce. That is at least half the going rate for ASX/TSX-listed gold explorers/developers that have their main focus on West Africa." Click here to read the article.

Long-time resources writer Ron Berryman has also highlighted Perseus' significant potential on MiningNewsPremium.com. Click here to read the article.

Another article about Perseus' resource upgrades, by Lorna Seatter, appeared on MiningNewsPremium.com. Click here to read the article.

Perseus now has more than 4.7 million ounces in Ghana, an increase of 2.6 million ounces in 12 months.

However, the Company is targeting an increased resource to 8 million ounces with reserves potential to 4 million ounces by the end of 2009.

A Detailed Feasibility Study is underway at Ayanfuri and is expected to be completed by November this year while plans to start production in late 2010 remain on track.

Perseus is in the final stages of listing on the Toronto Stock Exchange (TSX) with the Company planning to be listed in North American by the end of June.