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Ashanti Gold Corp.
Summary
| Project: | Kossanto East | |
|---|---|---|
| Deposit: | Gourbassi West | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 9/12/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-9-2017: Ashanti Gold Corp. announces an Exploration/Drilling Update report for its Gourbassi West deposit at the Kossanto East project. Drilling results incl. 30m @ 2.01g/t Au from 23m. VANCOUVER, BC – September 12, 2017 Ashanti Gold Corp. (“Ashanti” o | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul Klipfel (Internal) | |
| ABSTRACT: | VANCOUVER, BC – September 12, 2017 Ashanti Gold Corp. (“Ashanti” or the “Company”) - (TSXV: AGZ) is pleased to announce results from an additional fifteen Gourbassi West drill holes from the recently completed 53 Reverse Circulation (“RC”) drill hole, 6073 metre drill program that tested gold mineralization on the Kossanto East Project (the “Property”) in western Mali (see August 2, 10, 21 2017 press releases). The results reported here and in previous press releases, significantly expand the area of known mineralization and reveal high-grade mineralization within several new locations (Table 1 and Figure 1). In particular, this batch of results confirms high grade mineralization within a newly identified northeast trending zone (GWRC131; Figures 1, 2 and 3). Mineralization interpreted from this phase of drilling and from historic drilling aligns along a ~1.3 km northwest-trending 30-70 metre-wide zone parallel to the important Mali-Senegal Shear Zone to the east (Figure 4). The presence of an additional northeast zone and its intersection with the known northwest zone presents new opportunities for expanding the gold mineralization at Gourbassi West, where shallow historic RAB holes indicate the presence of mineralization over an area >150m wide. Further drilling is warranted to test continuity and depth extensions of gold mineralization as well as parallel structures that could significantly increase any future gold resource. | |
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