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Ashanti Gold Corp.
Summary
| Project: | Kossanto East | |
|---|---|---|
| Deposit: | Gourbassi West | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 8/14/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-8-2018: Ashanti Gold Corp. announces an Exploration/Drilling Update report for its Gourbassi West deposit at the Kossanto East project. Drilling results incl. 43m @ 2.86g/t Au from 14m. VANCOUVER, BC – August 14, 2018 Ashanti Gold Corp. (“Ashanti” or t | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul Klipfel (Internal) | |
| ABSTRACT: | VANCOUVER, BC – August 14, 2018 Ashanti Gold Corp. (“Ashanti” or the “Company”) (TSXV: AGZ) announces first results for Gourbassi West 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 fill-in gaps in previous drilling and test new step-out areas at Gourbassi West. The results support and expand on previously interpreted mineralized zones dipping moderately to the west. In addition, drilling has revealed that the silicified breccia host rock is part of a “damage zone” associated with a thrust fault system. Tim McCutcheon, CEO, said “These results come after much thought and analysis concerning the nature of mineralization at Gourbassi West. Paul Klipfel, our COO, planned important step out holes on width at Gourbassi West. Drill hole GWRC305 shows the significance of this decision. These results add important widths to the mineralized zone and support the contention that there are multiple zones of mineralization along stacked thrust faults at Gourbassi West. | |
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