Help Desk -
9958816305, 9810335381

Perseus Mining completes scoping study for potential underground mine at Yaouré

Mining News - Published on Tue, 06 Nov 2018

Image Source: GlobeNewswire
Perseus Mining Limited completed a scoping study for a potential underground mine at Yaouré. An executive summary of the associated release is provided below. Further details of the resource and study are included in the Company’s market release dated November 5, 2018.

In November 2017, Perseus completed a strongly positive Definitive Feasibility Study for an 8.5 year open pit mining operation at Yaouré;
A preliminary Inferred Mineral Resource has been estimated for a potential underground mining operation at Yaouré (to supplement the open pit operation) that totals 3.0 million tonnes, grading 6.2 g/t gold and containing 595,000 ounces of gold;
Mineral Resources for a potential underground mining operation remain open along strike and at depth; and
A scoping study for a potential underground mining operation indicates that:
Inferred Mineral Resources amenable to extraction using mechanised underground room and pillar mining methods;

Underground access from Yaouré’s CMA open pit combined with the selected mining method significantly reduces the capital development requirements;

There are no known impediments to future underground development; and

Further Mineral Resource drilling and technical studies are required to enable Ore Reserve definition.

Managing Director Jeff Quartermaine Comments “The results of the Yaouré underground mining Scoping Study announced today highlight one further avenue for Perseus to expand its already technically feasible and financially attractive, Yaouré Gold Project. When this potential is combined with the existing Mineral Resources and Ore Reserves that are scheduled to be mined using open cut mining methods, the Yaouré Gold Project, which on current estimates is expected to start producing gold from open pit operations in December 2020, should form a major portion of Perseus’s business in Côte d’Ivoire for many years to come.”

Source :

Posted By : Rabi Wangkhem on Tue, 06 Nov 2018
Related News from Mining segment