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Asante Gold Corp.
Summary
| Project: | Keyhole | |
|---|---|---|
| Deposit: | Keyhole | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 10/26/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-10-2017: Asante Gold Corp. announces an Exploration/Drilling Update report for its Keyhole deposit at the Keyhole project. Drilling results incl. 0.88m @ 15.9g/t Au from 126.14m. Vancouver, British Columbia – October 26, 2017 – Asante Gold Corporation | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Douglas R. MacQuarrie (Internal) | |
| ABSTRACT: | Vancouver, British Columbia – October 26, 2017 – Asante Gold Corporation (CSE:ASE/ FRANKFURT:1A9/OTC:ASGOF) (“Asante Gold” or the “Company”) is pleased to announce final assay results from the 6 hole 790m second phase diamond drilling program on our Keyhole Option in Ghana. Further to our Phase 1 drill results announced on April 27th 2017, the MEM shear zone has now been traced for a distance of 825m and to depths of 150m and is open along strike and to depth. Visible gold was noted in multiple intersections in the sulfide and quartz mineralized shear zone, with grades to 15.9g/t Au. Mineralized intersections in the central 400m long section of the MEM shear averaged 9.6g/t Au over estimated average true widths of 1.2m. Given the locally high grades encountered, and the significant strike and depth potential of this shear as well as the prospect of finding numerous other mineralized shears in the MEM area and several kilometres to the north and south, management is highly encouraged to aggressively continue exploring the option. On conclusion of additional land acquisition, which is well advanced, further ground geophysical surveys will be conducted to locate other shear zone/dilational breaks, and further drilling to test down dip of the high grade section of the MEM shear is planned subject to available funding. The target is an orogenic, shear zone related, gold deposit | |
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