Ashanti Broadens Main Zone at Gourbassi East, Kossanto East Project, Mali; 48m of 1.34 G/t Gold (including 3m of 3.57 G/t Gold) and 34m of 1.80 G/t Gold (including 4m of 8.48 G/t Gold)

Source Press Release
Company Ashanti Gold Corp. 
Tags Strategy - Corporate
Date July 26, 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 demonstrate strong positive results from drill holes at Gourbassi East.  Results reported here broaden the width and increase the down-dip extent of known gold mineralization of the ≤75m wide Main Zone, Gourbassi East.  In addition, drill hole GERC238 in combination with last year’s GERC151 extends the strike length of new zones ≤7m wide of gold mineralization parallel to the Main Zone.  The Company awaits further results from the Gourbassi East Main Zone and from Gourbassi West.

The holes presented below were drilled to test Gourbassi East Main Zone mineralization down dip, along strike and along section fences to provide sufficient data for a resource estimate later this year.  Importantly, mineralized intervals reported here lie along multiple mineralized zones of mineralization interpreted and predicted from previous drilling and thereby will support favorably geologic and resource modeling.

Section  Hole  From (m)  To (m)  Interval (m)*  Grade (g/t) 
1483700  GERC223  90  102  12  0.72 
  incl.  97  101  1.65 
    122  134  12  0.82 
  incl.  132  134  2.29 
    198  200  1.49 
           
  GERC241  100  104  0.98 
    116  132  16  0.67 
  incl.  118  121  1.48 
    144  147  1.82 
  incl.  144  145  3.92 
    178  183  0.68 
           
  GERC242  14  62  48  1.34 
  incl.  17  20  3.57 
  incl.  37  41  2.98 
           
  GWRC243  19  13  1.17 
    40  45  1.77 
    89  97  3.34 
    110  144  34  1.80 
  incl.  126  130  8.38 
  incl.  139  143  2.82 
           
1483850  GERC238  16  18  5.00 
    84  87  2.04 
           
  GERC239  0.76 
           
  GERD284  24  24  0.84 
  incl.  11  11  1.06 
    41  45  0.73 
    51  59  1.51 
  incl.  54  59  2.14 

*Intervals indicated are not true widths as there is insufficient geologic information to calculate true widths. However, drill holes have been drilled to cross interpreted mineralized zones as close to perpendicular as possible.

Tim McCutcheon, CEO, said “We are very pleased with these results as they support and expand known mineralization with key areas of higher grade material (5 – 12 g/t Au).  We are looking forward to the contribution this mineralization will make to the planned resource estimate to be undertaken once we receive all assay results.”

Graphics accompanying this announcement are available at

Source: EvaluateEnergy® ©2019 EvaluateEnergy Ltd