- Asante Gold (ASE) finds significant gold intercepts from its ongoing near-mine exploration drill program at the Bibiani Gold Mine in Ghana
- The objective of the program is to create a mining plan for the second quarter of 2022
- Results of the program confirm the extension and grade continuity of the mineralization
- Additional near mine targets have been identified and the drilling program will continue into 2022
- Asante Gold (ASE) is steady at C$0.065 per share at 4:29 PM EST
Asante Gold finds gold intercepts from its ongoing near-mine exploration drill program.
The program started in September 2021 and includes extensive induced polarization and ground magnetic surveys, RC and diamond drilling, and a high-level structural geology review targeting near mine areas.
The objective of the program is to create a mining plan for the second quarter of 2022.
Results of the program confirm the extension and grade continuity of the mineralization beneath the current US$1500 design shell. These recent assay results improve the existing deposit model and will support an update of the Walsh mineral resource estimate.
Additional near mine targets have been identified and the drilling program will continue into the New Year.
President and CEO, Douglas MacQuarrie, states,
“Early drilling success at the Walsh Pit is indicative of the high potential and underexplored nature of our Bibiani asset.”
The Bibiani Gold Mine is a historically significant Ghanaian gold mine situated in the western region of the country. Bibiani has had previous production of +4Moz, is fully permitted with available mining and processing infrastructure on-site consisting of a 3 million tonne per annum mill and processing plant, and existing underground mining infrastructure.
Asante Gold is a gold exploration and development company with projects in Ghana.
Asante Gold (ASE) is steady at C$0.065 per share at 4:29 PM EST.
