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Ashanti Gold Corp.

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Summary

Project:

Kossanto East

Deposit:Gourbassi East
Location:Mali
Commodities:Gold
Date:7/13/2018
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:13-7-2018: Ashanti Gold Corp. announces an Exploration/Drilling Update report for its Gourbassi East deposit at the Kossanto East project. Drilling results incl. 8m @ 1.83g/t Au from 24m. VANCOUVER, BC – July 13, 2018 Ashanti Gold Corp. (“Ashanti” or the
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Paul Klipfel (Internal)
ABSTRACT:VANCOUVER, BC – July 13, 2018 Ashanti Gold Corp. (“Ashanti” or the “Company”) - (TSXV: AGZ) announces the discovery of a new gold-mineralized zone, the Kadi Zone, approximately 1 km northeast of the Main Zone. Three holes have intersected gold mineralization up to 20m wide within a moderately dipping shear zone. Ashanti also announces further results from the Main Zone. At the Main Zone two new holes along section 1483750 again confirm gold mineralization within an east-dipping gold zone up to 80m wide. Tim McCutcheon, CEO, said “The discovery of the Kadi Zone is important as it potentially adds more mineralized material to what Ashanti has already identified at Gourbassi East and West. Along with collecting data to complete a resource report, this most recent drill campaign was designed to show upside potential of the Kossanto East project, and Kadi clearly does this. More results are due to come and I look forward to sharing them with you.“

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