Perseus completes DFS at Yaouré

By | 2018-11-07T15:15:12+00:00 November 9th, 2018|News|0 Comments

Yaouré is in a rural area on the southern edge of Lake Kossou, 35km north-west of the capital Yamoussoukro and 25km east-northeast of the city of Bouaflé.

Perseus - Jeff Quartermaine, managing director of Perseus. Image credit: Yahoo.com

Jeff Quartermaine, managing director of Perseus. Image credit: Yahoo.com

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 million tonnes, grading 6.2g/t gold and containing 595 000oz of gold. Mineral resources for a potential underground mining operation remain open along strike and at depth.

A scoping study for a potential underground mining operation indicates that the inferred mineral resources is amenable to extraction using mechanised underground room and pillar mining methods and that underground access from Yaouré’s CMA open pit combined with the selected mining method significantly reduces the capital development requirements.

According to Jeff Quartermaine, managing director of Perseus, the results of the Yaouré underground mining scoping study highlights 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,” says Quartermaine.