Ashanti Gold Gives Corporate Update

Source Press Release
Company Ashanti Gold Corp. 
Tags Strategy - Corporate
Date October 05, 2018

Ashanti Gold Corp. (“Ashanti” or the “Company”) - (TSXV: AGZ) is pleased to give a corporate update.

For Mali, work is progressing well on the Resource Estimation and accompanying NI 43-101 supporting resource report on its Kossanto East project. Data analysis and auditing, 3D geological modelling, and assembly of Specific Gravity and QA/QC data are all advancing and being compiled by the Ashanti team and its consultants. Multiple press releases from June to September have disclosed positive drill results and positive metallurgical testing results on Kossanto East. These results for 2018, that include 105 holes for a total of 12,283m of drilling, will be combined in the Resource Estimation with 144 historic holes for 16,192m of previously completed drilling.

In Ghana, Ashanti continues to work on its properties. For Anumso, a four hole drill program has been designed to test the soil sample anomaly to the north of the historic resource estimate (see press release of March 21, 2018). As the rainy season is just over, management intends to commence this drill program shortly.

Tim McCutcheon, CEO, said “The resource report on Kossanto East will change the profile of Ashanti and allow the market to benchmark our metrics with our peers active in West Africa. Given current peer group and historic M&A valuations, management believes Ashanti is deeply undervalued.”

Source: EvaluateEnergy® ©2019 EvaluateEnergy Ltd