Perseus Mining Limited - Drill hole includes 28m at 8.1g/t and 25m at 4.0g/t gold (open at depth) at Mbengué in Côte d'Ivoire

Perseus Mining Limited - Drill hole includes 28m at 8.1g/t and 25m at 4.0g/t 
gold (open at depth) at Mbengué in Côte d'Ivoire 
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION 
IN THE UNITED STATES 
PERTH, Western Australia, June 27, 2013 /CNW/ - Perseus Mining Limited 
("Perseus" or the "Company") (TSX & ASX:PRU) is pleased to announce a number 
of encouraging intercepts from recent exploration activities in Côte 
d'Ivoire, West Africa. Highlights of the announcement are set out below, and 
the full text of the report is available on the Company's website 
www.perseusmining.com and under the Company's profile at www.sedar.com 
Highlights(1) 
Mbengué East Project:
A significant RC hole drilled at the K1 Prospect of the Kanadi Anomaly, 
returned: 
MKRC079 - 28m at 8.1g/t Au from 16m including 6m at 22.1g/t from 32m 


          and
          25m at 4.0g/t Au from 58m including 11m at 7.4g/t from 72m to
          bottom of hole, ending in mineralisation.

Mahalé Project: 
Anomalous results from shallow first pass AC drilling at the Bélé Prospect 
included:

MHAC008 - 16m at 1.2g/t Au from 9m.

MHAC009 - 13m at 1.7g/t Au from 6m.

MHAC010 - 9m at 3.7g/t Au from 5m.

Napié Project: 
Anomalous RAB holes drilled at the Gogbala and Komoro Prospects included:

NGRB242 - 8m at 2.7g/t Au from 4m.

NGRB413 - 12m at 2.4g/t Au from 4m.

NKRB072 - 4m at 5.8g/t Au from 4m.

NKRB076 - 9m at 2.8g/t Au from12m.

(1)Refer to Tables 1 to 3 below for details of the intercepts

Comments from Perseus's Managing Director, Jeff Quartermaine

"The impressive intercepts in drill hole MKRC079, part of the first pass of 
follow-up RC drilling on our Mbengué tenement, are highly encouraging given 
the extent of anomalism at Kanadi and its location near to the Tongon Gold 
Mine, the largest known gold deposit in Côte d'Ivoire. Hole MKRC079 is not 
only significant for the width of the intercepts and the fact that the hole 
ended in mineralisation, but also because of the relatively high grades that 
are not often seen in West Africa. The drill results from the Bélé prospect 
are also highly encouraging given the early stage of drilling on that tenement.

Exploration of both Kanadi and Bélé will be followed up as a matter of 
priority by our exploration team, as both tenements are located within 
potential trucking distance of the proposed Sissingué Gold Mine plant site.

While it is still early days at both Mbengué and Mahalé, these drill results 
appear to be very material, and if the prospects can be advanced with further 
drilling, it could create significant value for the shareholders of our 
Company."

MBENGUÉ EAST PROJECT

An RC drilling program is in progress on the 5 km by 2 km Kanadi gold in soil 
anomaly located 7 kilometres north of Randgold Resources Limited's Tongon 
mine, to follow up anomalous results from first pass air core ("AC") and 
reverse circulation ("RC") drilling and recent auger drilling programs. Since 
September 2012, approximately 14,250 meters of first pass AC and RC has tested 
areas of the large Kanadi soil anomaly yielding a number of anomalous 
intercepts, previously reported. During March and April of 2013, a 14,600 
meter auger drilling program was also conducted in order to better define 
targets between the generally very broadly spaced scout drilling lines.

From mid-May, a program of follow up RC drilling has commenced a more detailed 
evaluation of a number of the stronger first-pass drilling results and auger 
anomalism with approximately 3,700 meters drilled to date. One RC hole in this 
program, MKRC079, testing the K1 Prospect where several AC holes returned 
significant results, has returned very significant intercepts of 28 meters at 
8.1g/t from 16 meters plus 25 meters at 4.0g/t from 58 meters. The 
mineralisation is hosted in mafic volcanics/volcaniclastics on the margins of 
a 25 meter thick granodiorite intrusive and is associated with quartz veining 
and fine grained disseminated pyrite.

Drill hole MKRC079 ended in mineralisation and was the last hole of the drill 
fence with the mineralisation still open on section. Previous AC drill fences 
approximately 140 meters to the NE and SW returned several significant 
intercepts on strike with MKRC079, including 3m at 7.0g/t Au at the bottom of 
MKAC093 and 11m at 1.6g/t Au at the bottom of MKAC109, both previously 
reported. Anomalous auger drilling results on strike up to 1.2 kilometres to 
the northeast have been tested with several RC holes with pending results.

The tenor and width of the open ended mineralisation in drill hole MKRC079 
highlights the potential for the K1 zone to develop into a significant 
prospect with further drill testing, while planned follow-up on other zones of 
anomalous first pass auger, AC and RC drilling in the large Kanadi anomaly may 
yield additional prospects for further evaluation.

Table 1: Mbengué East Project, Recent Exploration Drilling Results
                                                                    

  Hole  Prospect   East     North  Depth Azm. Incl. From To  Width  Au
                    (m)      (m)    (m)  (°)   (°)  (m)  (m)  (m)  g/t

MKRC079     K1   206,230 1,110,940   83  130   -55   16  44    28  8.1
                                              incl.  20  22     2  26.1
                                               and   32  38     6  22.1
                                                     58  83*   25  4.0
                                              incl.  72  83*   11  7.4

Notes 

1)      MKRC079 is an RC hole.

2)      The type of analytical or testing utilized and sample size and
        the quality assurance program and quality control measures are
        consistent with those described in the technical report
        entitled "Technical Report - Tengrela Gold Project, Côte
        d'Ivoire" dated December 22, 2010.

3)      Drill samples consisted of 2 meter composites assayed by 50g
        fire assay by Bureau Veritas Côte d'Ivoire (a division of
        Bureau Veritas) in Abidjan, Côte d'Ivoire.

4)      True width of intercepts from this exploration hole is
        currently unknown.

5)      * denotes hole ended in mineralisation.

MAHALÉ PROJECT

A program of scout AC drilling recently commenced on the Mahalé license that 
is situated 20 kilometres west of the Tengrela East license, with 
approximately 4,700 meters drilled since early May 2013. The principal target 
is the Bélé Prospect, a 4 x 3 kilometre area of fairly modest gold in soil 
anomalism. A 4,900 meter program of auger drilling completed in February has 
highlighted a number of targets for follow up with AC drilling, most of which 
correlate well with gold in soil anomalism.

Several anomalous AC drill intercepts were returned from the first fence of 
drilling completed. Five AC holes drilled in a row (MHAC006 through 010) 
returned intercepts of 6m at 1.8g/t, 9m at 2.0g/t, 16m at 1.2g/t, 13m at 
1.7g/t and 9m at 3.7g/t Au. The mineralisation appears to be sub-horizontal, 
hosted in altered granite and associated with minor quartz veining and 
sulphides.

Out of the 218 AC holes drilled to date, assays are still pending for 120 
holes. Some of the strongest soil and auger anomalism has not yet been drilled 
due to crop harvesting. Ongoing drilling will test these areas and follow up 
on the encouraging AC drilling results returned thus far. Given that the 
Bélé Prospect is 43 kilometres distance from the proposed Sissingué Gold 
Mine ("SGM"), a discovery with significant grade could be economically trucked 
with a positive impact on the SGM.

Table 2: Mahalé Project, Recent Exploration Drilling Results
                                                                    

  Hole  Prospect   East     North  Depth Azm. Incl. From To  Width Au
                    (m)      (m)    (m)  (°)   (°)  (m)  (m)  (m)  g/t

MHAC006    Bélé  768,266 1,137,400   25   90   -55   19  25*    6  1.8

MHAC007    Bélé  768,283 1,137,400   25   90   -55   16  25*    9  2.0

MHAC008    Bélé  768,295 1,137,400   30   90   -55    9  25    16  1.2
                                              incl.  22  23     1  6.9

MHAC009    Bélé  768,316 1,137,400   31   90   -55    6  19    13  1.7

MHAC010    Bélé  768,331 1,137,400   25   90   -55    5  14     9  3.7
                                              incl.   9  11     2  6.0

Notes 

1)      All holes are AC holes.
        The type of analytical or testing utilized and sample size and


    the quality assurance program and quality control measures are
2)      consistent with those described in the technical report 


        entitled "Technical Report - Tengrela Gold Project, Cote
        d'Ivoire" dated December 22, 2010.


    Drill samples consisted of 1 meter samples assayed by 50g fire
3)      assay by Bureau Veritas Cote d'Ivoire (a division of Bureau 
    Veritas) in Abidjan, Côte d'Ivoire. 
4)      Only exploration holes with combined intercepts of greater than 
    10 grams metres are included. 
5)      True widths of intercepts from the exploration holes are 
    currently unknown. 
6)      * denotes hole ended in mineralisation. 
NAPIÉ PROJECT 
RAB drilling has been ongoing on the Napié license since February 2013 with 
approximately 22,500 meters drilled to date to evaluate a 30+ kilometre long 
trend of gold in soil anomalism which bisects the property in a 
north-northeast direction. A 10,300 meter auger drilling program was also 
completed at Napié in May 2013 in order to confirm and refine the soil 
anomalism for follow up drill testing. 
Numerous anomalous RAB intercepts from Napié have been reported to date. A 
number of recent significant RAB intercepts are listed in Table 3, including 
up to 12m at 2.4g/t and 9m at 2.8g/t Au from the Gogbala and Komoro Prospects 
respectively. Gold mineralization at Napié is often associated with quartz 
veining plus pyrite in granodiortic to dioritic intrusives, and is 
occasionally hosted by E-W trending quartz veins cross-cutting the regional 
structures. 
With 30+ km of gold in soil and RAB anomalism to explore for a potentially 
economic concentration of mineralisation which is likely to be associated with 
zones of structural complexity along this otherwise linear feature, a high 
resolution helicopter-borne magnetics and radiometrics survey has been 
contracted to New Resolution Geophysics of South Africa and is expected to 
commence in 4 to 5 weeks. 
Table 3: Napié Project, Recent Exploration Drilling Results 
                                                                 
Hole  Prospect   East     North  Depth Azm. Incl. From To  Width Au 


                    (m)      (m)    (m)  (°)   (°)  (m)  (m)  (m)  g/t

NGRB241 Gogbala  225,399 1,003,400   24   90   -55    0   4     4  2.7

NGRB242 Gogbala  225,413 1,003,400   18   90   -55    4  12     8  2.7

NGRB363 Gogbala  225,331 1,002,400   14   90   -55    4  12     8  1.3

NGRB413 Gogbala  225,561 1,004,000   31   90   -55    4  16    12  2.4

NGRB435 Gogbala  225,600 1,004,160   25   90   -55   20  25*    5  2.6

NGRB437 Gogbala  225,625 1,004,160   30   90   -55   24  30*    6  3.1

NKRB072  Komoro  229,912 1,022,000   24   90   -55    4   8     4  5.8

NKRB076  Komoro  229,957 1,022,000   21   90   -55   12  21*    9  2.8

Notes 

1)      All holes are RAB holes.
        The type of analytical or testing utilized and sample size and


    the quality assurance program and quality control measures are
2)      consistent with those described in the technical report 


        entitled "Technical Report - Tengrela Gold Project, Côte
        d'Ivoire" dated December 22, 2010.


    Drill samples consisted of 4 meter samples assayed by 1kg 24
3)      hour Bottle Roll by Bureau Veritas Cote d'Ivoire (a division of 
    Bureau Veritas) in Abidjan, Côte d'Ivoire. 
4)      Only exploration holes with combined intercepts of greater than 
    10 grams metres are included. 
5)      True widths of intercepts from the exploration holes are 
    currently unknown. 
6)      * denotes hole ended in mineralisation. 
Jeff Quartermaine
Managing Director and Chief Executive Officer 
Competent Person Statement: The information in this report that relates to 
exploration results, mineral resources or ore reserves is based on information 
compiled by Mr Kevin Thomson, who is a Professional Geoscientist with the 
Association of Professional Geoscientists of Ontario. Mr Thomson is an 
employee of the Company. Mr Thomson has sufficient experience, which is 
relevant to the style of mineralisation and type of depositunder 
consideration and to the activity which he is undertaking, to qualify as a 
Competent Person as defined in the 2004 Edition of the 'Australasian Code for 
Reporting of Exploration Results, Mineral Resources and Ore Reserves'") and to 
qualify as a "Qualified Person" under National Instrument 43-101 - Standards 
of Disclosure for Mineral Projects ("NI 43-101"). Mr Thomson consents to the 
inclusion in this report of the matters based on his information in the form 
and context in which it appears. For a description of Perseus' data 
verification process, quality assurance and quality control measures, the 
effective date of the mineral resource and mineral reserve estimates contained 
herein, details of the key assumptions, parameters and methods used to 
estimate the mineral resources and reserves set out in this report and the 
extent to which the estimate of mineral resources or mineral reserves set out 
herein may be materially affected by any known environmental, permitting, 
legal, title, taxation, socio-political, marketing or other relevant issues, 
readers are directed to the technical report entitled "Technical Report - 
Central Ashanti Gold Project, Ghana" dated May 30, 2011 and the technical 
report entitled ''Technical Report - Tengréla Gold Project, Côte d'Ivoire'' 
dated December 22, 2010 in relation to the Edikan Gold Mine (formerly the 
Central Ashanti Gold Project) and the Tengréla Gold Project respectively. 
Caution Regarding Forward Looking Information: This report contains 
forward-looking information which is based on the assumptions, estimates, 
analysis and opinions of management made in light of its experience and its 
perception of trends, current conditions and expected developments, as well as 
other factors that management of the Company believes to be relevant and 
reasonable in the circumstances at the date that such statements are made, but 
which may prove to be incorrect. Assumptions have been made by the Company 
regarding, among other things: the price of gold, continuing commercial 
production at the Edikan Gold Mine without any major disruption, development 
of a mine at Tengréla, the receipt of required governmental approvals, the 
accuracy of capital and operating cost estimates, the ability of the Company 
to operate in a safe, efficient and effective manner and the ability of the 
Company to obtain financing as and when required and on reasonable terms. 
Readers are cautioned that the foregoing list is not exhaustive of all factors 
and assumptions which may have been used by the Company. Although management 
believes that the assumptions made by the Company and the expectations 
represented by such information are reasonable, there can be no assurance that 
the forward-looking information will prove to be accurate. Forward-looking 
information involves known and unknown risks, uncertainties, and other factors 
which may cause the actual results, performance or achievements of the Company 
to be materially different from any anticipated future results, performance or 
achievements expressed or implied by such forward-looking information. Such 
factors include, among others, the actual market price of gold, the actual 
results of current exploration, the actual results of future exploration, 
changes in project parameters as plans continue to be evaluated, as well as 
those factors disclosed in the Company's publicly filed documents. The Company 
believes that the assumptions and expectations reflected in the 
forward-looking information are reasonable. Assumptions have been made 
regarding, among other things, the Company's ability to carry on its 
exploration and development activities, the timely receipt of required 
approvals, the price of gold, the ability of the Company to operate in a safe, 
efficient and effective manner and the ability of the Company to obtain 
financing as and when required and on reasonable terms. Readers should not 
place undue reliance on forward-looking information. Perseus does not 
undertake to update any forward-looking information, except in accordance with 
applicable securities laws. 
 
To discuss any aspect of this announcement, please contact: 
Managing Director: Jeff Quartermaine at telephone +61 8 6144 1700 or email 
jeff.quartermaine@perseusmining.com (Perth); 
Exploration Manager: Kevin Thomson at telephone +1 (647) 638 1949 or email 
kevin.thomson@perseusmining.com (Toronto); 
Investor Relations: Nathan Ryan at telephone +61 3 9622 2159 or email 
nathan.ryan@nwrcommunications.com.au (Melbourne); or 
Rebecca Greco at telephone +1 416 822 6483 or email fighouse@yahoo.com 
(Toronto) 
SOURCE: Perseus Mining Limited 
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CO: Perseus Mining Limited
NI: MNG FIELD  
-0- Jun/27/2013 08:22 GMT
 
 
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