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Ashanti Gold Corp.
Summary
| Project: | Anumso | |
|---|---|---|
| Deposit: | Anumso | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 3/8/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-3-2017: Ashanti Gold Corp. announces an Exploration/Drilling Update report for its Anumso deposit at the Anumso project. Drilling results incl. 6m @ 2.11g/t Au from 29m. 7 Ashanti Gold Corp. (“Ashanti” or the “Company”) - (TSXV: AGZ) is pleased to annou | |
| Resources: | (historic estimate only) | |
| CP/QP: | [Overall Report]: Paul Klipfel (Mineral Resource Services Inc.) | |
| ABSTRACT: | 7 Ashanti Gold Corp. (“Ashanti” or the “Company”) - (TSXV: AGZ) is pleased to announce a first set of results from its recent 20 hole, 2,000m reverse circulation drill program on the Anumso project, Ghana. Assays from seven of the twenty holes have been received and are consistent with previous drilling and support broader correlation of along strike and down-dip gold content from previous explorers. Ashanti’s CEO Tim McCutcheon said “Ashanti filed a NI 43-101 report on Anumso in October 2016 and these first drill results are in line with the historic data in that report. Anumso has a historic gold resource of 250,000 ounces along 2 km of Banka conglomerate. Ashanti Gold is delighted with the results so far and is looking forward to the assay results from an additional 13 drill holes within the coming days.” Ashanti Gold’s drill program was designed to verify and confirm gold mineralization as identified in historic drilling along 2.6 km of Banka conglomerate, the key gold-bearing stratigraphic unit of the Tarkwaian suite of rocks that overlie Birimian volcanic rocks of the Ashanti Belt, Ghana. Ashanti Gold has undertaken this initial drill program to assess that portion of Banket strata which has been previously tested by historic exploration. This represents 2.6 km of a total of ~10km of strike length of Banket conglomerate occurring within the Anumso concession. The remaining portion of this strata is untested or incompletely tested with a few isolated historic drill holes. Ashanti Gold wishes to investigate further the opportunities posed by these rocks. | |
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