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Asante Gold Corp.
Summary
| Project: | Keyhole | |
|---|---|---|
| Deposit: | Keyhole | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 4/24/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-4-2017: Asante Gold Corp. announces an Exploration/Drilling Update report for its Keyhole deposit at the Keyhole project. Drilling results incl. 3.0m @ 13.12g/t Au from 139m. Asante Gold Corporation (CSE:ASE/ FRANKFURT:1A9/OTC:ASGOF) (“Asante” or the “ | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Douglas R. MacQuarrie (Internal) | |
| ABSTRACT: | Asante Gold Corporation (CSE:ASE/ FRANKFURT:1A9/OTC:ASGOF) (“Asante” or the “Company”) has received final assay results from the first drilling program in the historical MEM shaft/showing area on our Keyhole Option property, Asankrangwa gold belt, Ghana. The program was designed as the first modern drill test of bedrock for gold mineralization in a structurally favourable area where extensive alluvial mining has been ongoing over the last 30 years. The program consisted of 1,151m of diamond drilling in twelve holes, surface sampling and ground geophysics and has confirmed that the MEM showing is part of a northeast trending gold mineralized shear that is in excess of 250m in length, 120m in depth, and is open to extension in all directions. Based on the success of this initial program, an expanded program to further test and extend the zone and outline other potential mineralized zones is being planned. Five holes were spotted in the MEM area where recent grab samples of sulfidic and vuggy quartz reef dump material from artisanal shafts averaged 15.5g/t gold, and historical underground sampling results to 8m widths grading 25g/t gold were reported by Junner, Gold Coast Geological Survey, 1933. Douglas MacQuarrie, President & CEO commented: "These drill results are highly encouraging and reinforce our confidence in the potential for finding further gold mineralization at 3 Keyhole. An expanded program will look at extending the mineralized zones as well as test further areas within the property with gold potential." | |
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