Perseus (PRU.T) new find in Cote d'Ivoire
Thursday, June 03, 2010
Persus Mining discovers new gold prospect at Tengrela Project
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Perseus Mining (ASX,TSX:PRU), a gold explorer focused on West Africa, has reported the discovery of a new gold prospect at the company’s Tengrela Project in Ivory Coast.
The company said first pass RC drilling at the Kanakono prospect located 10km south of the Sissingue gold deposit has returned significant results.
The RC drilling was following up anomalous RAB drilling results dating back to January 2006 which included intercepts of 4m at 42.6g/t Au and 25m at 3.2g/t Au.
Results included hole KRC041 - 2m at 13.3g/t Au and hole KRC042 - 16m at 15.2 g/t Au.
Drill samples were assayed by 50g fire assays by Intertek Minerals Limited in Ghana.
Perseus said it is too early to estimate the true width of intercepted mineralisation in KRC041 and KRC042 at Kanakono but the apparent (on section) true width of intercepts is about 60% of the intercept width.
Mark Calderwood, managing director, said “having completed the current phase of resource drilling at Sissingue we are now starting to assess the other Tengrela prospects previously identified by soil sampling and RAB drilling.”
“It is encouraging to get these latest results only 10 kms from the proposed Sissingue plant site – this has the potential to further enhance the Sissingue project economics.”
“We will have two RC rigs testing at least four other high priority targets over the next few months on the 876sq km Tengrela licences,” he added.
