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Ashanti Gold Corp.
Summary
| Project: | Kossanto East | |
|---|---|---|
| Deposit: | Gourbassi East | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 7/26/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-7-2018: Ashanti Gold Corp. announces an Exploration/Drilling Update report for its Gourbassi East deposit at the Kossanto East project. Drilling results incl. 48m @ 1.34g/t Au from 14m. VANCOUVER, BC – July 26, 2018 Ashanti Gold Corp. (“Ashanti” or the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul Klipfel (Internal) | |
| ABSTRACT: | VANCOUVER, BC – July 26, 2018 Ashanti Gold Corp. (“Ashanti” or the “Company”) - (TSXV: AGZ) is pleased to announce 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 demonstrate strong positive results from drill holes at Gourbassi East. Results reported here broaden the width and increase the down-dip extent of known gold mineralization of the ≤75m wide Main Zone, Gourbassi East. In addition, drill hole GERC238 in combination with last year’s GERC151 extends the strike length of new zones ≤7m wide of gold mineralization parallel to the Main Zone. The Company awaits further results from the Gourbassi East Main Zone and from Gourbassi West. The holes presented below were drilled to test Gourbassi East Main Zone mineralization down dip, along strike and along section fences to provide sufficient data for a resource estimate later this year. Importantly, mineralized intervals reported here lie along multiple mineralized zones of mineralization interpreted and predicted from previous drilling and thereby will support favorably geologic and resource modeling. | |
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