Modern Mining October 2020

as a multi-mine, multi-jurisdictional producer

a programme of delineation drilling at Juliette, Antionette and Veronique, as well as groundwork for the preparation of an Environmental and Social Impact Assessment (ESIA) covering the mining oper- ation. When drill results are available, further work on a definitive feasibility study (DFS) of the Bagoé project will also be undertaken. “In addition to this, our exploration team will also be taking a very close look at the other tenements in the land package and most likely will also mount a

Resource can be economically mined, transported to Sissingué and processed through the Sissingué mill,” says Quartermaine. “We believe that with an adequate level of additional exploration, there is significant potential to increase the size of the mineable resource. By processing the Bagoé ore at Sissingue, we stand to save the capital cost of building a new plant and associated infrastructure, and we can amortise all of the overhead costs of running the Sissingué operation over a much larger resource base.” Work done thus far Significant work has already been undertaken at Bagoé. On 4 May 2020, Exore announced an independently prepared maiden JORC 2012 com- pliant Mineral Resource estimate for Bagoé. The estimate was based on mineralisation associated with the Antoinette and Véronique prospects. On 28 July 2020, Exore published further drilling results, this time from the Juliette prospect that highlight the potential for additional resources to be delineated along strike from Antoinette. “The previous owner has delineated a Mineral Resource at Bagoé focusing mainly on the Antoinette and Veronique deposits. Further miner- alisation was also identified at the nearby Juliette deposit but this was not drilled out sufficiently well for inclusion in the Mineral Resource estimate,” says Quartermaine. Perseus has already started preparation for

From the due diligence work Perseus performed before acquiring Exore, the company is confident it can economically mine Bagoé and in the process add quite a few years of life to the highly profitable Sissingué operation.

Deposits and prospects locations at the Bagoé Gold Project.

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