Edikan Gold Mine

(Formerly Central Ashanti Gold Project, Ayanfuri)

Perseus has 480km² of tenements centred on the Ashanti Gold Belt some 25km-65km from the 60-million-ounce Obuasi gold deposit. Two mining leases, Ayanfuri and Nanankaw, are the focus of initial production for the Edikan Gold Mine (EGM), but adjoining exploration licence areas Grumesa, Kwatechi, Dunkwa, Nsuaem, Agyakusu and Nkotumso are also held or optioned by Perseus.

First gold was produced at EGM on 21 August 2011, and Perseus achieved commercial production on 1 January 2012.

 

Reserves and Resources

Since acquiring the tenure in mid-2006, we have increased gold resources from less than 1Moz to 5.7Moz of Measured and Indicated resources, 2.4Moz of Inferred resources and 2.9Moz of Reserves.

The Ore Reserves include material from seven open pits including Abnabna, Fobinso, Fetish, Chirawewa, Bokitsi, and Esuajah North and South.

Exploration

Recent exploration by Perseus across the EGM and adjoining licence areas has included infill drilling at Bokitsi South, reverse circulation (RC) drilling at the Pokukrom prospect and soil sampling at Agyakusu targeting the north-eastern strike extension of the Abnabna-Fobinso dike. This revealed an encouraging soil anomaly close to EGM which will be followed up in 2015.

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