Perseus Mining Ltd

Published : April 28th, 2008

Resource Upgrade. Ayanfuri Gold Project (Ghana)

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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. 

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Data and Statistics for these countries : Ghana | All
Gold and Silver Prices for these countries : Ghana | All

Perseus Mining Ltd

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CODE : PRU.AX
ISIN : AU000000PRU3
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Perseus Mining is a gold exploration company based in Australia.

Its main assets in development are AYANFURI and TENGRELA in Ghana and its main exploration property is GRUMESA in Ghana.

Perseus Mining is listed in Australia, in Canada and in Germany. Its market capitalisation is AU$ 1.8 billions as of today (US$ 1.3 billions, € 1.1 billions).

Its stock quote reached its highest recent level on September 16, 2011 at AU$ 4.05, and its lowest recent point on December 19, 2014 at AU$ 0.20.

Perseus Mining has 1 033 209 984 shares outstanding.

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Project news of Perseus Mining Ltd
6/25/2008(Ayanfuri)Ayanfuri Update. Ghana - West Africa.
4/28/2008(Ayanfuri)Resource Upgrade. Ayanfuri Gold Project (Ghana)
4/2/2008(Tengrela)Wide Drill Intercepts at Tengrela
3/12/2008(Ayanfuri)West Africa Exploration Update
Corporate news of Perseus Mining Ltd
4/27/2016Form 8.3 – Perseus Mining Ltd (118.50kB)
4/27/2016Form 8.3 – Perseus Mining Ltd (118.28kB)
3/5/2015Upgrades Power Generating Capacity at Edikan Gold Mine in Gh...
10/24/2013: September 2013 Quarterly Activity Report Conference Call
10/15/2013Revised Mine Plan for Perseus Mining's Edikan Gold Mine
10/9/2013: Edikan Gold Mine Optimisation and Quarterly Report Dates
9/17/2013High Grade Gold Results from Cote d'Ivoire
8/30/2013Records Profit of $41.4 Million for FY2013
3/5/2010Added to S&P/ASX 200 index
5/12/2008African Gold Hunt Gives Perseus New Goals
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