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Asanko Gold Inc.
Summary
| Project: | Asanko Gold Mine | |
|---|---|---|
| Deposit: | Asanko Gold Mine | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 2/24/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 24-2-2017: Asanko Gold Inc. announces a Resource Estimation report for its Asanko Gold Mine deposit at the Asanko Gold Mine project. Updated Mineral Resources and Reserve Estimates. Asanko Gold Inc. (“Asanko” or the “Company”) (TSX, NYSE MKT: AKG) today p | |
| Resources: | (Reserve, P+P): 95.41Mt @ 1.57g/t Au for 4.82Moz Au contained at project | |
| CP/QP: | [Resources]: Philip Bentley (Internal) | |
| ABSTRACT: | Asanko Gold Inc. (“Asanko” or the “Company”) (TSX, NYSE MKT: AKG) today publishes updated Mineral Resource and Reserve Estimates, as at 31 December 2016, for the Asanko Gold Mine (“AGM”), located in Ghana, West Africa, as part of its annual filings. The updated Mineral Resource and Reserve Estimates reflect depletion from the first two years of mining, the application of updated constraining parameters for resource modelling, and includes the three deposits discovered in 2016; Akwasiso, Nkran Extension and Adubiaso Extension, two additional pits at Esaase, as well as an updated Mineral Resource Estimate for the Nkran pit, which has been prepared by a second independent expert CSA Global (“CSA”), a leading mineral consulting group. Commenting on the announcement, Peter Breese, President and CEO, said “Our global gold reserves have remained largely unchanged at 5 million ounces, supported by the successful 2016 near mine exploration program which added over 300,000 low cost ounces to the mineral inventory, offsetting mining depletion. We are very excited by the exploration potential that the AGM complex holds and anticipate adding more ounces to our resource base during 2017 from a considerable list of near mine high priority targets. The updated Mineral Resource and Reserve Estimate will now form the basis for a revised life of mine plan and multi-pit schedule, which is the final component of the Expansion DFS. Due to the complexity in planning a schedule for 11 different pits and the detailed design process, we now anticipate publishing the expansion feasibility study in Q2 2017. This will coincide with the completion of detailed engineering for the plant upgrade and the overland conveyor and an updated Control Budget Estimate for all our growth projects.” | |
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