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Ashanti Gold Corp.

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Summary

Project:

Kossanto East

Deposit:Gourbassi East
Location:Mali
Commodities:Gold
Date:7/20/2018
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:20-7-2018: Ashanti Gold Corp. announces an Exploration/Drilling Update report for its Gourbassi East deposit at the Kossanto East project. Drilling results incl. 5m @ 2.40g/t Au from 1m. VANCOUVER, BC – July 20, 20187 Ashanti Gold Corp. (“Ashanti” or the
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Paul Klipfel (Internal)
ABSTRACT:VANCOUVER, BC – July 20, 20187 Ashanti Gold Corp. (“Ashanti” or the “Company”) - (TSXV: AGZ) is announces additional results from the recently completed 105 hole Reverse Circulation (“RC”) and Diamond Drill (“DD”), 12,283 metre drill program that tested mineralization on the Kossanto East Project (the “Property”) in western Mali (Figure 1). Results presented here and previously (see July 13, July 3 and June 28 Press Releases) demonstrate strong positive results from drill holes at Gourbassi East. Results reported here broaden the width and increase the down-dip extent of known mineralization of the Sana Zone, Gourbassi East. In addition, widely spaced reconnaissance drill holes have yielded significant results along the new Koli Zone where surface soil anomalies, historic RAB and trench results along with altered felsic tuff at the surface indicated the presence of more extensive mineralization. The Company awaits further results from the Gourbassi East Main Zone and from Gourbassi West and will release these results shortly.

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