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Ashanti Gold Corp.
Summary
| Project: | Anumso | |
|---|---|---|
| Deposit: | Anumso | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 3/22/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-3-2017: Ashanti Gold Corp. announces an Exploration/Drilling Update report for its Anumso deposit at the Anumso project. Drilling results incl. 3m @ 4.95g/t Au from 23m. Ashanti Gold Corp. (“Ashanti” or “AGZ” or the “Company”) - (TSXV: AGZ) is pleased | |
| Resources: | (historic estimate only) | |
| CP/QP: | [Overall Report]: Paul Klipfel (Internal) | |
| ABSTRACT: | Ashanti Gold Corp. (“Ashanti” or “AGZ” or the “Company”) - (TSXV: AGZ) is pleased to announce results from the remaining 13 drill holes from its recent 20 hole, 2,000m reverse circulation (“RC”) drill program on the Anumso project, Ghana (first 7 holes announced on March 8, 2017). Assays from these thirteen holes continue to confirm the presence of gold mineralization in Banket conglomerate consistent with previous drilling. Ashanti’s CEO Tim McCutcheon said “We are delighted with these results as they demonstrate the presence of gold over exciting intervals while confirming and validating work of previous explorers. More importantly, they set the stage for Ashanti to undertake further exploration on the Banket conglomerate within the Anumso Mining License. With evidence of gold occurring along 2.6 km of Banket conglomerate, we are eager to assess the remaining ~8.4 km of unexplored or under-explored Banket conglomerate occurring within the Anumso Mining License.” Ashanti Gold’s drill program was designed to verify and confirm gold mineralization along 2.6 km of Banket conglomerate as identified in historic drilling. Banket conglomerate is the key gold-bearing strata within the Tarkwaian suite of rocks that overlie Birimian volcanic rocks of the Ashanti Belt, Ghana. Banket conglomerate consists of quartz pebbles and cobbles set in silt and mud matrix along with gold. This is the same rock unit that hosts the famous Tarkwa, Iduapriem, Teberebie, and Damang deposits approximately 135 km to the southwest where AngloGold Ashanti and Gold Fields Ltd are currently producing gold. | |
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