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Asanko Gold Inc.
Summary
| Project: | Asanko Gold Mine | |
|---|---|---|
| Deposit: | Akwasiso | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 9/19/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 19-9-2016: Asanko Gold Inc. announces an Exploration/Drilling Update report for its Akwasiso deposit at the Asanko Gold Mine project. Drilling results incl. 54m @ 3.85g/t Au from 149m. Vancouver, British Columbia, September 19, 2016 – Asanko Gold Inc. (“A | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Philip N Bentley (Internal) | |
| ABSTRACT: | Vancouver, British Columbia, September 19, 2016 – Asanko Gold Inc. (“Asanko” or the “Company”) (TSX, NYSE MKT: AKG) is pleased to announce highly encouraging results from the new exploration target Akwasiso, which is located approximately 4 kilometers from the processing facility at the Asanko Gold Mine (“AGM”) in Ghana, West Africa. The drilling program at Akwasiso forms part of the Company’s near-mine exploration strategy to source additional ore resources that will utilize the excess capacity in the processing plant during 2017 and 2018 until Phase 2A is built and commissioned. Akwasiso lies on the Nkran shear corridor which hosts the AGM’s main pit, Nkran, as well as the Nkran Extension and Dynamite Hill satellite deposits (see map in Appendix 1). A 10,000m drilling program has been undertaken to validate the geology and grade continuity of at surface mineralized oxide zones defined by a previous operator. In addition to confirming this historical work, significant mineralization has now been discovered below and on the western flank of the previous drilling. Peter Breese, President and CEO, commented “We are very excited about the potential of Akwasiso, which is displaying similar geological features and mineralization to the Nkran deposit, our main resource. The first set of results show the potential to be even more significant than previous near-mine discoveries at the Adubiaso and Nkran Extensions. With the mineralization still open at depth and along strike, we will plan to initiate a further drilling campaign and prepare a maiden Mineral Resource Estimate.” | |
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