| Announcement Date: | 2023-02-08 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Asante Gold Corp. |
| Project name: | Bibiani |
| Location: | Ghana |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 43.10m at 3.07g/t Au from 169.5m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, British Columbia, February 8, 2023 – Asante Gold Corporation (CSE:ASE | GSE:ASG | FRANKFURT:1A9 | U.S.OTC:ASGOF) (“Asante” or the “Company”) is pleased to announce results from its ongoing exploration drilling program at the Aboduabo prospect located on our Bibiani – Chirano mines corridor, Sefwi Greenstone Belt, Ghana. The Sefwi Greenstone Belt is host to historically significant gold mining operations including our Bibiani and Chirano mines which have produced +8Moz to date from shear faults and veins. Asante controls a 53km long by up to 5km wide corridor which is transected by both the Bibiani and Chirano shear zones. Bibiani and Chirano together have current mineral reserves of ~2.8Moz and Measured and Indicated mineral resources over 4.5Moz. The Company is exploring the corridor for new discoveries, to grow our mine and near mine resources, and to increase the Life of Mine at both operations. |
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