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Ashanti Gold Corp.
Summary
| Project: | Kossanto East | |
|---|---|---|
| Deposit: | Gourbassi East | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 8/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-8-2017: Ashanti Gold Corp. announces an Exploration/Drilling Update report for its Gourbassi East deposit at the Kossanto East project. JV - Drilling results incl. 25m @ 1.53g/t Au from 52m. VANCOUVER, BC – August 10, 2017 Ashanti Gold Corp. (“Ashanti” | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul Klipfel (Internal) | |
| ABSTRACT: | VANCOUVER, BC – August 10, 2017 Ashanti Gold Corp. (“Ashanti” or the “Company”) - (TSXV: AGZ) is pleased to announce additional results of seven drill holes 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 August 2, 2017 press release) (Figure 1). The targets Gourbassi East and Gourbassi West (Figure 2) 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, as defined in historic drilling, occurs within two adjacent zones with a collective strike length of approximately 900m. The results from the first seven drill holes reported by Ashanti (see press release August 2, 2017) outlined new high grade material within the centre of the mineralized zone where it is interpreted to be 50-100m wide. The drill results reported here include intercepts along strike 100m north (GERC 108, 110, and 111) of previously reported section 3850 results, and 200 metres south (GERC114) of that section (Figure 3, section 3650). In addition, intercepts in GERC 108, 109, and 111 reveal mineralization over a wider extent than previously known. The extent of this 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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