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Ashanti Gold Corp.
Summary
| Project: | Kossanto East | |
|---|---|---|
| Deposit: | Gourbassi East | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 8/2/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-8-2017: Ashanti Gold Corp. announces an Exploration/Drilling Update report for its Gourbassi East deposit at the Kossanto East project. JV - Drilling results incl. 47m @ 3.29g/t Au from 12m. VANCOUVER, BC – August 2, 2017 Ashanti Gold Corp. (“Ashanti” o | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul Klipfel (Internal) | |
| ABSTRACT: | VANCOUVER, BC – August 2, 2017 Ashanti Gold Corp. (“Ashanti” or the “Company”) - (TSXV: AGZ) is pleased to announce its first assay results from the recently completed 53 Reverse Circulation (“RC”) hole, 6073 metre drill program that tested mineralization on the Kossanto East Project (the “Property”) in western Mali (see July 10, 2017 press release) (Figure 1). The targets Gourbassi East and Gourbassi West showed mineralized areas on the Property from historical exploration and thus were the initial focus for Ashanti’s first drill campaign. At Gourbassi East, gold mineralization occurs within two adjacent zones with a collective strike length of approximately 900m. The results from the first seven drill holes reported herein, are from the centre of the mineralized zone where it is interpreted to be 50-100m wide (Figures 2 and 3). The extent of mineralization is not known as gold mineralization is open along strike to the northwest and to the southeast as well as down dip, where it has been tested to approximately 125m. Mineralization occurs as veins and stockwork within a zone of silicified and carbonate-altered quartz-eye rhyolite. Altered host rocks are traceable at the surface to the northwest and southeast. Multiple structural controls on mineralization are apparent. | |
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