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Asanko Gold Inc.
Summary
| Project: | Asanko Gold Mine | |
|---|---|---|
| Deposit: | Asanko Gold Mine | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 2/20/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 20-2-2020: Asanko Gold Inc. announces a Resource Estimation report for its Asanko Gold Mine deposit at the Asanko Gold Mine project. Mineral Resource and Reserve Update for the Asanko Gold Mine. VANCOUVER, Feb. 20, 2020 /CNW/ - Asanko Gold Inc. ("Asanko" | |
| Resources: | (Reserves, P+P): 53.4Mt @ 1.38g/t Au | |
| CP/QP: | [Resources]: DM Begg (Internal) | |
| ABSTRACT: | VANCOUVER, Feb. 20, 2020 /CNW/ - Asanko Gold Inc. ("Asanko" or the "Company") (TSX, NYSE American: AKG) reports an updated Mineral Resource Estimate ("MRE") and Mineral Reserve Estimate ("MRev") for the Asanko Gold Mine ("AGM" or the "Project"), located in Ghana, West Africa. The AGM is a 50:50 joint venture ("JV") with Gold Fields Ltd (JSE, NYSE: GFI), which is managed and operated by Asanko. The MRE and MRev are effective December 31, 2019. Mineral Resources were estimated using a $1,500/oz gold price and are inclusive of Mineral Reserves which were estimated using a $1,300/oz gold price. An updated NI 43- 101 compliant technical report outlining the life of mine plan supporting the updated estimates will be filed on SEDAR at www.sedar.com as soon as practically possible, but no later than April 5, 2020. The updated life of mine plan contemplates a substantial pushback of the Nkran pit ("Cut 3") to access its anticipated mineral reserves. The Company is currently initiating an exploration program aimed at delineating near mine targets on existing mining licences in order to defer an investment decision on Nkran Cut 3. | |
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