Asante Gold Corporation is pleased to announce drill results from its ongoing drilling program at the South Russel prospect located on the Bibiani Gold Mining Lease, 3.8 km southwest from the Bibiani Process Plant.
The discovery hole, MGRCD21-047, was announced March 29, 2022 with follow up drilling demonstrating potential for possible development of a satellite pit. To date, Asante has confirmed over 200m strike length of mineralization. The gold mineralized system remains open along strike and at depth.
Highlights
o Additional drill intercepts up to 17.2m down hole grading at 4.47g/t Au.
o Significant gold mineralization has been intersected at shallower depths and from surface.
o Footprint of mineralization tested and confirmed over 200m strike length and remains open along strike and depth.
o Assay results provide strong indication of potential for gold endowment at the southern portion of the Bibiani Mining Lease.
o Follow-up drill holes are planned to the south and north along strike of the recent intercepts.
o Selected intercepts include:
- MGDD22-101 – 17.2m @ 4.47g/t Au from 78.8m to 96m
Including 5m @ 8.02 g/t Au from 80m to 85m
• MGRCD22-067 – 19m @ 3.18 g/t Au from 72m to 91m
Including 4m @ 7.02 g/t Au from 73m to 77m
• MGRCD22-058 – 10m @ 3.51 g/t Au from 123m to 133m
• MGDD22-091 – 8m @ 3.21 g/t Au from 207m to 215m
• MGDD22-060 – 5m @ 5.46 g/t Au from 279m to 284m
• MGRCD22-065 – 17m @ 0.74 g/t Au from 24m to 41m
• MGRCD22-070 – 7m @ 1.47 g/t Au from 55m to 62m
• MGDD22-073- 7.5m @ 0.56 g/t Au from 1.2m to 8.7m
• MGDD22-073- 3m @ 1.23g/t Au from 16.2m to 19.2m
Dave Anthony, President, and CEO stated, “These additional assay results from the initial drilling program at South Russel are exciting and confirm the significant exploration potential of the Bibiani gold corridor. The assay results received so far lends itself to possible satellite pit development at South Russel. We are pleased with the results of our exploration program and we look forward to continued success.”
QA/QC
Asante employs a QA/QC program consistent with NI 43-101 and industry best practices. Surface drilling was conducted by Toomahit Drill Limited and was supervised by the Asante / Mensin Gold Bibiani exploration team. Sampled drill core intervals were sawn in half with a diamond blade saw. Half of the sampled core was left in the core box and the remaining half was bagged and sealed. Asante utilizes accredited laboratories, and the samples were transported to the Intertek laboratory in Tarkwa, Ghana. Gold was analyzed by 50-gram fire assay with AA-finish. Certified reference material (CRM) standards and coarse blank material are inserted every 20 samples. Drill intercepts cited do not necessarily represent true widths, unless otherwise noted.