Ghana-focused gold producer Asante Gold Corporation has announced promising exploration results from its Bibiani and Chirano gold mines, reinforcing confidence in the company’s long-term growth strategy and the potential for extending mine life across both operations.
In a detailed operational update, Asante Gold said that exploration activities conducted year-to-date in 2025 have yielded “highly encouraging” outcomes, particularly at its Chirano mine, where drilling continues to expand mineralized zones beyond existing resource boundaries.
The company revealed that drilling success at the Obra Underground, Suraw Underground, and Sariehu targets has highlighted new mineralized extensions, presenting opportunities for future reserve upgrades and the extension of Chirano’s production timeline.
“Exploration activities at Chirano have continued to yield highly encouraging results.
“The progress made this year provides a solid foundation for our goal of extending the life of the mine and optimizing future gold output.”
Asante Gold Corporation
As of September 2025, 126 drill holes covering 13,561 metres had been completed at Chirano, representing 43 percent of Asante’s total drilling program for the year.
The results, according to company geologists, indicate strong continuity of mineralization and validate the company’s model for additional gold zones in the area.
Expansion Momentum at Bibiani
At the company’s flagship Bibiani Gold Mine, exploration efforts have been equally dynamic. Building on geophysical and geochemical surveys conducted in 2024, Asante Gold has pursued both brownfield and greenfield targets with significant drilling activity across the concession.
The company stated that 126 drill holes, amounting to 19,271 metres (comprising 16,639 metres of reverse circulation and 2,632 metres of diamond drilling), have been completed so far in 2025. This represents 63 percent of Bibiani’s total exploration program for the year.
The exploration program is designed to expand the current resource base, identify new mineralized trends adjacent to existing pits, and validate anomalies identified through prior surveys.
“Our exploration teams at Bibiani have made tremendous progress in advancing high-priority targets identified through last year’s geochemical and geophysical mapping.
“The encouraging intersections confirm the potential for new resource discoveries that could materially increase our operational footprint.”
Asante Gold Corporation
Strengthened Financial Capacity
Asante Gold’s recent US$500 million financing initiative, completed in August 2025, has significantly boosted the company’s ability to advance exploration and development programs across its Ghanaian assets.
In commenting on the update, Dave Anthony, Chief Executive Officer of Asante Gold, said the financing was a “transformational milestone” that positions the company for sustained growth and operational excellence.
“More than US$9 million of this financing has been allocated to each of Chirano and Bibiani to accelerate near-mine exploration and support long-term planning of mining activities and gold production.”
Dave Anthony, Chief Executive Officer of Asante Gold
He emphasized that the results achieved to date reaffirm the company’s vision to unlock further value through strategic exploration.
“The latest drilling results reaffirm the potential for resource growth and mine life extension at both operations.
“With drilling at Obra confirming the extension of a mineralized shoot and its structural connection to the Sariehu deposit at depth, we are encouraged to advance our efforts at Chirano.”
Dave Anthony, Chief Executive Officer of Asante Gold
Asante Gold also disclosed that updated NI 43-101 Technical Reports for both the Bibiani and Chirano mines are scheduled for publication in April 2026.
The reports will incorporate results from the ongoing drilling programs and revised resource models that reflect the most recent data.
The company’s exploration results are timely, given the continued strength of gold prices and Ghana’s supportive mining environment.
The combination of brownfield and near-mine exploration aligns with Asante’s broader goal of optimizing existing assets while minimizing development risk.
“We remain committed to disciplined capital deployment, continuous exploration, and the creation of long-term value for shareholders.
“Our Ghana operations continue to demonstrate the potential for sustained production and organic growth through exploration success.”
Dave Anthony, Chief Executive Officer of Asante Gold
Strategic Focus on Ghana’s Mining Future
Asante Gold’s investments in Ghana underscore the country’s enduring role as a premier mining destination in Africa.
The Bibiani and Chirano mines, located in the country’s western corridor, anchor the company’s operations and serve as a hub for future expansion in West Africa.
Both mines have a combined production potential exceeding 250,000 ounces per year, with ongoing drilling expected to support multi-year extensions.
The company also plans to integrate advanced data analytics and geotechnical mapping to improve resource definition and enhance operational efficiency.
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