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Asanko Gold Inc.
Summary
| Project: | Asanko Gold Mine | |
|---|---|---|
| Deposit: | Tontokrom | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 4/8/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 8-4-2019: Asanko Gold Inc. announces an Exploration/Drilling Update report for its Tontokrom deposit at the Asanko Gold Mine project. Drilling results incl. 39.0m @ 1.82g/t Au from 189m. Commenting on the drilling program, Greg McCunn, Chief Executive Off | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Benjamin Gelber (Internal) | |
| ABSTRACT: | Commenting on the drilling program, Greg McCunn, Chief Executive Officer, said: “The results from the Phase 1 drilling program at Tontokrom are very encouraging, with results from six of the nine holes drilled confirming the consistency of mineralization along the shear corridor. We believe there is a strong potential for a major discovery at the South Camp and I’m pleased to see the commitment to exploration by our joint venture. We will shortly commence initial drilling on our second target, Fromenda, where historical drilling by a previous owner shows significant promise. The planned 5,000 meter program is designed to both confirm and expand upon previous drilling.” Exploration Strategy The AGM JV holds a major land package of 21,300 hectares on the Asankagrawa Gold Belt. In 2017, the Company undertook a prospectivity analysis assessing the potential of identified exploration targets based on structural architecture, geochemistry, geological mapping and topography. An exploration strategy was developed, in collaboration with our JV partner, to test high priority targets in order to replace mining depletion with resources near existing mining operations and infrastructure as well as test potential new discoveries. In 2019, the JV plans to spend US$8 million on exploration including approximately 10,000 metres of drilling as well as additional geochemistry, ground geophysics, field mapping and trenching work. | |
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