Tengrela
The 885 sq km Tengrela project is located in Ivory Coast on the border with Mali, 30km SSW from the Syama gold mine (6.5 Moz) along the Syama shear. The project lies 150km SSE of the Morila gold mine (7Moz) and 65km WNW of Tongon deposit.
Resource Potential
While Tengrela is not as advanced as Perseus's other key projects early drill results highlight the significant potential of the project.
As a result of early success at Tengrela, the Company has four rigs operating at Tengrela. The RAB rig is used for reconnaissance work while RC and diamond rigs carry out follow-up drilling and resource drilling.
The initial resource target for 2008 at Tengrela is 1 million ounces.
Setting
Extensive systematic exploration on the Tengrela project, including airborne geophysics and 23,000 geochemical samples, identified nine significant soil anomalies over a strike of 75km, mostly along the Syama shear.
The nine main soil anomalies at Tengrela are comparable to other significant soil anomalies in the region (Syama group, Tabakoroni-Finkolo, Tioro, Morila) and are prime targets for follow-up exploration. The total area of these anomalies is over 40 sq km and will require selective or staged follow-up.
Significantly, the Morila-Tongon region has to date had an high conversion rate of significant soil anomalies to discoveries.
Wide-spaced RAB drilling on three of the nine anomalies and follow-up RC and diamond drilling on a portion of the Sissingue anomaly highlight the potential of the entire Tengrela project. Wide, high-grade gold intercepts have been encountered on the Sissingue East prospect and significant gold mineralisation has been encountered on nearly every line drilled.
