Perseus Mining Limited (PMNXF)

[Vegas Matt]

SA Article - Update: Perseus Mining Announced Edikan Exploration Results

http://seekingalpha.com/article/2498185-update-perseus-mining-announced-edikan-exploration-results?uprof=45


Summary

Perseus Mining releases exploration results indicating an expanded resource estimate with a higher average grade is very likely.
This wasn’t expected but is obviously excellent news, depending on the eventual size of this zone.
The investment thesis remains unchanged for now, as the operating team at Edikan has to prove it can run the mine more efficiently.

Perseus Mining (OTCPK:PMNXF) has released an update on its exploration program at and around its Edikan gold mine in Ghana. Approximately half of the planned 5,560 meter infill drill program has been completed, and the first batch of results has been returned by the lab. There are some very interesting high-grade intercepts such as 12 meters at 14.2g/t and even the interval of 28 meter at 1.6g/t is very good, given the fact the average grade of this intercept is approximately 50% higher than the current grade of 1.1g/t at Edikan.

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