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Ashanti Gold Corp.

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Summary

Project:

Kossanto East

Deposit:Kossanto East
Location:Mali
Commodities:Gold
Date:9/19/2017
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:19-9-2017: Ashanti Gold Corp. announces an Exploration/Drilling Update report for its Kossanto East deposit at the Kossanto East project. Drilling results incl. 20m @ 1.00g/t Au from 111m. VANCOUVER, BC – September 19, 2017 Ashanti Gold Corp. (“Ashanti” o
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Paul Klipfel (Internal)
ABSTRACT:VANCOUVER, BC – September 19, 2017 Ashanti Gold Corp. (“Ashanti” or the “Company”) - (TSXV: AGZ) is pleased to announce results for the final eight drill holes from the recently completed 53 Reverse Circulation (“RC”) hole, 6073 metre drill program that tested mineralization on the Kossanto East Project (the “Property”) in western Mali. These results complete the Company’s reporting of drill results for their recent Kossanto East drill program. The set of results reported here (Table 1) represent drill holes that were intentionally positioned to test lateral, strike, and depth extensions of mineralization. Importantly, holes 150 and 151 show mineralized intersections along >100m of a new strand of mineralization ~80m east of and parallel to the known main mineralized zone (Figures 1 and 2). The strike and dip extent of all areas of mineralization remain open at Gourbassi East. In addition, the presence of gold mineralization in numerous targets to the northeast presents new opportunities for expanding the global gold content for the project. Tim McCutcheon, CEO, said “It is impressive that the drill results from our first drilling campaign at both Gourbassi East and Gourbassi West demonstrate opportunity to expand the strike, width, and dip extents of mineralization at these two key targets which both exceed 1 km in length and are locally up to more than 100m in width.”

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