Tuesday 25th October 2016

Resource Clips

Perseus reports Ghana Gold Assays as high as 2.2 g/t over 53m

Perseus Mining Limited TSX:PRU announced assays from its Central Ashanti Gold Project in Ghana, West Africa. Results include 2.2 g/t gold over 53 metres, 1.9 g/t over 52 metres, 1.8 g/t over 81 metres, 5.1 g/t over 10 metres, 3.3 g/t over 19 metres, 2.8 g/t over 28 metres, 1.4 g/t over 11 metres, 1.8 g/t over 17 metres, 17.5 g/t over 2.3 metres, 5.3 g/t over 8 metres and 6.8 g/t over 4 metres.

Managing Director Mark Calderwood remarked, “The company is well ahead of schedule in its quest to complete 150,000 metres of drilling in Ghana this year, having completed 47,322 metres in the first three months. Over 13,500 metres of this drilling was carried out to sterilize waste dump sites. We expect the slow turnaround for assays to improve during the next couple of months. Drilling at the CAGP is currently focused on growing our gold reserves from 3.3 million ounces to 4 million ounces to allow the option of increasing production rates.”

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Mark Calderwood
Managing Director
+61 8 9240 6344

by Ted Niles

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