Exploration results for Meyas Sand Gold Project released
Exploration activities and studies update for Meyas Sands Gold Project (MSGP) in Sudan have been released. This project is situated about 900 kilometers from Khartoum, the epicenter of recent conflicts in the country.
Despite its potential to become one of Sudan’s first major long-life gold mines, the project has faced delays due to regional instability. Perseus Mining Limited resumed operations following the restoration of on-site facilities and security measures. Drilling recommenced on 20 May 2024, focusing on high-priority exploration targets near the GSS deposit.
Findings
The firm also resumed on-site exploration at the Galat Sufur South (GSS) deposit and conducted significant preparatory work, including infill resource definition drilling, sterilisation trenching and drilling, passive seismic surveys, and hydrogeological, metallurgical, and geotechnical studies. These efforts aim to compile data for a Front-End Engineering and Design (FEED) Study and a Final Investment Decision (FID).
Initial results have confirmed the grade and quality of the GSS deposit, considered highly encouraging despite being incomplete. Perseus’s Chairman and CEO, Jeff Quartermaine, expressed optimism about developing a large-scale, low-cost, long-life gold mine in northern Sudan. The recommencement of activities is seen as a positive step towards achieving this goal, contingent on the restoration of peace in the region.
Perseus intends to convert the existing Foreign Reserve Estimate for MSGP into an Ore Reserve in compliance with JORC 2012 standards. Further exploration drilling will be conducted on the broader Block B exploration license to support this conversion and subsequent development efforts.
