Announcement Date: 2022-03-29
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Asante Gold Corp.
Project name: Bibiani
Location: Mali
Commodities: Gold
Highlight: Drilling results incl. 16m @ 5.75g/t Au from 194m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Vancouver, British Columbia, March 29, 2022 – Asante Gold Corporation (CSE:ASE/ FRANKFURT:1A9/U.S.OTC:ASGOF) (“Asante” or the “Company”) announces a high-grade gold discovery in initial drilling at its South Russel prospect. The discovery is located on the Company’s Bibiani mining lease, 3.8 km from the Process Plant. The discovery hole, MGRCD21-047, returned 16m @ 5.75 g/t Au, and was spotted to test anomalous geophysical responses outlined from our ongoing property wide surveys. The gold mineralized system is open in all directions with no previous drilling noted in the area The Process Plant refurbishment is on schedule and on budget. All work activities are proceeding as planned, with currently +1,200 contractors and employees on site. The plant is being upgraded to provide improved performance, relative to the original design, including the purchase and installation of an up-to-date Knelson 6G concentrator and Gekko ILR (intensive leach reactor) and the construction of a sulfide flotation/regrind facility to be delivered by Q4 2022, that is expected to increase gold recovery to 92%.
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