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Perseus Mining partner Manas Resources flags Mbengué results near Barrick’s Tongon mine

The farm-in partner can take up to 70% of the Cote d’lvoire project by funding activities.

Perseus Mining Ltd - Perseus Mining partner Manas flags Mbengué results near Barrick’s Tongon mine
Partner Manas is hoping to grow a gold portfolio by farming into a number of Perseus projects

Perseus Mining Limited’s (ASX:PRU) (TSX:PRU) (OTCMKTS:PMNXF) farm-out partner Manas Resources Limited (ASX:MSR) has intersected mineralisation in zones of up to 40 metres wide during drilling at its Mbengué gold project in Cote d’lvoire.

The West African partner’s highlighted its gold intersections had included 18 metres grading 1.0 g/t, 12 metres grading 1.0 g/t and 8 metres grading 1.16 g/t.

Perseus partner Manas has now drill test a 9-kilometre mineralised corridor known as Madala-Turaco over a 3-kilometre strike length at the miner's 100%-owned project Mbengué.

Junior company Manas undertook a wide-spaced and shallow air-core drilling campaign at the site.

Manas is earning a stake of up to 70% from wholly-owned Perseus subsidiary Occidental Gold SARL by solely funding exploration at the 300 square kilometre project.

The Mt Hawthorn company reported today its results had confirmed the potential of high-priority targets within 10 kilometres of Barrick Gold Corp’s (NYSE:GOLD) (TSE:ABX) (ETR:ABR) (BCBA:ABX) Tongon Gold Mine.

Tongon features about 4.5 million ounces of gold while Wahgnion has more than 2.5 million ounces.

Mbengué project is 70 kilometres southeast of Perseus’s 1 million ounce Sissingué mine and 80 kilometres southeast of Resolute Mining Ltd’s (ASX:RSG) (FRA:RSM) (OTCMKTS:RMGGF) world-class 11.5 million ounce Syama mine.

Manas’ next steps include planning a future work program for the project.

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Price: 1.165 AUD

Market: ASX
Market Cap: $1.43 billion

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