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Ashanti Gold Corp.
Summary
| Project: | Kossanto East | |
|---|---|---|
| Deposit: | Kossanto East | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 7/11/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-7-2018: Ashanti Gold Corp. announces an Exploration/Drilling Update report for its Kossanto East deposit at the Kossanto East project. Drilling results incl. 24m @ 0.86g/t Au from 0m. VANCOUVER, BC – July 11, 2018 Ashanti Gold Corp. (“Ashanti” or the “ | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Paul Klipfel (Internal) | |
| ABSTRACT: | VANCOUVER, BC – July 11, 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 (see June 28 and July 3 Press Releases) demonstrate strong positive results from drill holes in the Gourbassi East Main Zone including affirmation of eastdipping mineralized zones and continuity of mineralization along strike. In addition, the Company has identified and tested three other target areas near Gourbassi East as well as Gourbassi West (Figure 1). The Company awaits results from these targets. Ashanti’s recent 2018 drilling, 2017 drilling, and historic drilling define a 600m x >50m zone of gold mineralization at Gourbassi East Main Zone. Additional mineralization along a separate zone to the southwest, included in previous descriptions of Gourbassi East, has been subdivided into its own zone and adds another 300m x 50m of mineralization. In addition, Ashanti soil and historic soil sampling has defined extensive anomaly areas to the northeast and southwest of Gourbassi East (Figure 2, noted as the Kadi and Koli Zones). The 2018 program partially drilltested these new areas of interest. | |
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