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Ashanti Gold Corp.
Summary
| Project: | Kossanto East | |
|---|---|---|
| Deposit: | Gourbassi East | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 8/8/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-8-2018: Ashanti Gold Corp. announces an Exploration/Drilling Update report for its Gourbassi East deposit at the Kossanto East project. Drilling results incl. 20m @ 2.32g/t Au from 138m. VANCOUVER, BC – August 8, 2018 Ashanti Gold Corp. (“Ashanti” or th | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul Klipfel (Internal) | |
| ABSTRACT: | VANCOUVER, BC – August 8, 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 continue to demonstrate strong positive mineralization trends throughout Gourbassi East. The results reported here demonstrate the down-dip continuity and extend the strike length of mineralization of the Main Zone as well as increase the confidence in continuity of Main Zone mineralization. The Main Zone consists of several subzones collectively more than 100m wide at the surface in this section and wider where other zones have been intersected. In particular, gold mineralization intersected in drill hole GERC295 demonstrates the strong mineralization and down-dip continuity. Tim McCutcheon, CEO, said “We are very pleased with these results. Based on these results and previous ones, it looks like there is continuity of mineralization from the surface to 200m down at Gourbassi East. We designed the 2018 summer drill program at Kossanto East to fill in the gaps from previous drill campaigns, and the down-dip continuity data certainly confirms our understanding of the mineralization at the project.” | |
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