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05.02.2009 Business & Finance

Perseus shares up on Ayanfuri resource upgrade

By The West Australian
Perseus shares up on Ayanfuri resource upgrade

Shares in Perth-based gold miner Perseus Mining were higher today after the company announced a resource upgrade for its Ayanfuri Gold Project in Ghana.

The company said the resource had increased by 23 per cent to 900,000 ounces.

Perseus said the quality of the indicated resource had also improved by 83 per cent to 3.15 million ounces after extensive drilling results.

It said resource estimates for the Mampong deposit and re-estimations for the Dadieso and Chirawewa deposits were expected to be released in March 2009.

A detailed feasibility study for Ayanfuri is expected to be completed later this year.

Perseus shares were up 3.5 cents, or 4.86 per cent, to 75.5 cents at 10.45am.

Source: The West Australian