Resource Upgrade. Ayanfuri Gold Project (Ghana)

Highlights

• Perseus’s Ghana gold resources pass 4 million ounces with the release of the first of two upgrades planned this week for the Ayanfuri deposit.

• Resource estimate completed for Abnabna–Fobinso zone.

• Total gold resources have increased 630,000oz from 0.92Moz to 1.55Moz.

• Indicated resources increased by 200% to 837,300 ounces from 261,400 ounces of contained gold.

• Inferred resources increase to 711,700 ounces. 

• Initial pit design work indicates that maximum pit limits not yet been reached, drilling is ongoing.


Perseus Mining Limited (ASX: PRU) is pleased to announce a 68% increase in resources for the Abnabna–Fobinso Zone at its Ayanfuri project in Ghana.  Total Indicated and Inferred resources for the zone now total 1,548,900 ounces.

The increase takes Perseus’s total gold resources at the Ayanfuri Gold project to 3.2 million ounces and its total resources in Ghana to 4.0 million ounces.

Recent drilling and the resource estimations highlight the predictability of the orientation of mineralisation and the potential to add resources.  Extensional and infill drilling is continuing in areas considered with open pit potential and a further resource increase is expected in 2008.  Resource drilling has also commenced at the newly discovered Mampon prospect located along strike from Abnabna-Fobinso.  

Resource upgrades for the Esuajah North, Esuajah South and Fetish deposits are nearing completion and should also be released this week. The April 2008 models will be used for preliminary pit designs for the pre-feasibility study expected to be completed in June 2008. 

Click here to read the entire ASX release.