Asante Gold Corporation, an emerging Ghana-focused mid-tier gold producer, has reported encouraging exploration results from its ongoing drilling programs at the Bibiani and Chirano Gold Mines. The results underline significant potential for resource growth and mine life extension across both operations.
In an exploration update statement on the Company’s Bibiani Gold Mine (“Bibiani”) and Chirano Gold Mine (“Chirano”) for year-to-date 2025, Asante said that drilling activities at both sites have continued to yield strong intercepts, particularly in areas beyond existing resource envelopes.
Asante’s exploration focus remains upon extending mine life at existing operations and testing near-mine opportunities. The Company’s 2025 drilling programs have already made substantial progress, with over 32,000 metres drilled across both operations.
At Chirano, exploration drilling has continued to return highly encouraging results from key underground deposits including Obra, Suraw, and Sariehu, as well as from the Magnetic Hinge target. New assay results from these areas have confirmed strong mineralization, indicating significant upside potential.
Notable intercepts include 45.03 metres at 4.09 grams per tonne (g/t) gold at Obra, 27.71 metres at 5.23 g/t gold at Obra, and 18.26 metres at 3.60 g/t gold at Suraw.
A total of 126 holes, representing 13,561 metres of drilling, have been completed at Chirano year-to-date 2025—equivalent to 43 percent of the year’s planned exploration work. Drilling at Obra confirmed the extension of a high-grade mineralized shoot, showing structural connectivity to the Sariehu deposit at depth.
Meanwhile, the first drill hole at Suraw also returned robust grades, pointing to strong continuity of mineralization and future development potential.
In addition, near-surface oxide mineralization at the Magnetic Hinge deposit—located about 3 km south of Akwaaba—has shown sufficient promise to advance the project to the pre-feasibility stage. This could provide a new source of shallow, easily mineable oxide material to support short- to medium-term production.
At Bibiani, exploration has concentrated on following up on greenfield targets generated in 2024, alongside testing brownfield zones adjacent to current mining areas. Geophysical and geochemical surveys completed last year have guided field investigations through rock chip sampling, mapping, and reverse circulation (RC) drilling.
To date, 19,271 metres of drilling across 126 holes have been completed, marking 63 percent of the 2025 drilling plan.
Dave Anthony, President and CEO of Asante Gold, said the exploration results reaffirm the potential for long-term growth across both mines.
“We completed our $500 million financing initiative in August 2025. More than $9 million of this financing has been allocated to each of Chirano and Bibiani to accelerate near-mine exploration and support long-term mining and production planning,” he said.
“Results to date have been instrumental in reaffirming the potential for resource growth and mine life extension at our existing operations,” Anthony added. “We are encouraged by these results and look forward to continued success as we prepare updated NI 43-101 Technical Reports for both mines, scheduled for release in April 2026.”
Looking ahead, Asante plans to continue its aggressive exploration campaigns through the fourth quarter of 2025 and into 2026, focusing on upgrading resources, extending mineralized shoots, and testing new targets at Chirano and Bibiani.
About 15,000 metres of additional drilling are planned for the remainder of the year, supporting Asante’s strategy to strengthen its resource base and extend the operational lifespan of its Ghanaian gold assets.
