• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, February 3, 2023
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Asante Announces Significant Gold Intercepts From Its Near Mine Exploration Program

January 18, 2023
Stephen M.CbyStephen M.C
in Extractives/Energy
0
Asante Announces Significant Gold Intercepts From Its Near Mine Exploration Program

Asante Gold Corporation (CSE:ASE GSE:ASG FRANKFURT:1A9 U.S.OTC:ASGOF) has announced a significant gold intercepts from its near mine exploration program at South Russel and Aboduabo Prospects.

In a statement, the company established that assay results continue to confirm significant intercepts from the surface. It noted that footprint of gold mineralization now tested and confirmed amounts to approximately 500m strike length and remains open along strike and to depth.

“Asante is pleased to announce results from its ongoing exploration drilling program at the South Russel and Aboduabo prospects located on our Bibiani – Chirano mines corridor on the Sefwi Greenstone Belt in Ghana.

“The Sefwi Greenstone Belt is host to significant gold mining operations including the Bibiani and Chirano mines which have produced +8Moz to date. Asante controls 53 km strike length of the corridor which includes the Bibiani and Chirano shear zones, where gold mineralization is typically hosted in shear faults and veins.”

Asante Gold Corporation

Meanwhile, the Company’s Bibiani and Chirano gold mines have current mineral reserves of ~ 2.8Moz and Measured and Indicated resources of over 4.5Moz.

RelatedPosts

Shell Capitalizes On The Season, Makes The Highest Profit in 115 Years

Energy Ministry Cancels Oil Block Negotiations with Eni and Three Others

Ghana Needs Over US$562 billion To Attain Its Net Zero Carbon Emission Target

“The immediate exploration focus for Asante is to aggressively explore our proven mineralized trends to discover new mineable deposits and grow our mine and near mine resources and mine life.”

Asante Gold Corporation

South Russel Prospect

The Company previously outlined the strike length of gold mineralization at South Russel as 200m, in its press release of August 17, 2022. However, the new drilling results have confirmed that high grade mineralization from surface is consistent in width and grade to previous intercepts.

“The gold mineralized system remains open along strike and to depth. The South Russell prospect is located just 2 km south of the Bibiani Process Plant.”

The statement further noted that the historical exploration of the Aboduabo project comprised of 54 holes that delineated a mineralized strike of 1.3km and 500 meters wide at shallow depth from surface.

Dave Anthony, President and CEO of the Asante Corporation, commenting on the development, expressed his excitement about the assay results, noting that “We are pleased to report the assay results from our exploration drilling program at South Russel and Aboduabo where drilling to advance the two targets to resource stage is continuing”.

“Strike length of South Russel mineralization has been extended from 200m to 500m supporting our view that the 53 km long Bibiani – Chirano gold corridor is very prospective for discovery of new resources and remains key to the organic growth of the two mines.”

Mr Dave Anthony

Mr Dave Anthony disclosed that Asante plans to initiate a Feasibility Study after the maiden resource has been prepared, to consider development of a starter pit. “We anticipate a starter pit will be initiated in Q4 2023”.

“Exploration activities at both mines have achieved significant success over the past 12 months. Drilling at the Walsh satellite pit at Bibiani increased reserves currently being mined from about 20,000 ounces to over 100,000 ounces.

“Brownfields exploration drilling completed in 2022 proximal to the existing pits at Chirano have also delivered positive results, in line with our intention to replace reserves currently being mined at Chirano. We remain on track at both mines, to complete exploration drilling to extend Life of Mine to +10 years.”

Mr Dave Anthony

Asante is currently operating the Bibiani and Chirano Gold Mines with combined forecast production of approximately 400,000 ounces of gold for 2023. The Company continues with detailed technical studies at its Kibi Gold Project for early production. All mines and projects are located on the prolific Bibiani and Ashanti Gold Belts.

Asante has an experienced and skilled team of mine finders, builders and operators, with extensive experience in Ghana. Asante is listed on the Canadian Securities Exchange, the Ghana Stock Exchange and the Frankfurt Stock Exchange. Asante is also exploring its Keyhole, Fahiakoba and Betenase projects for new discoveries, all adjoining or along strike of major gold mines near the centre of Ghana’s Golden Triangle.

READ ALSO: President Of Vietnam Resigns

Related Posts

Shell Capitalizes On The Season, Makes The Highest Profit in 115 Years
Business

Shell Capitalizes On The Season, Makes The Highest Profit in 115 Years

February 2, 2023
Angola Exempts Chevron from Offshore Drilling Environmental Policies, Allowing it to Dump Oil Waste into the Ocean
Extractives/Energy

Energy Ministry Cancels Oil Block Negotiations with Eni and Three Others

January 31, 2023
Ghana Needs Over US$ 562 billion To Attain Its Net Zero Carbon Emission Target
Extractives/Energy

Ghana Needs Over US$562 billion To Attain Its Net Zero Carbon Emission Target

January 29, 2023
Oil Prices Advance for A Second Session In a Row on the Prospects of Chinese Recovery and US Growth
Extractives/Energy

Oil Prices Advance for A Second Session In a Row on the Prospects of Chinese Recovery and US Growth

January 27, 2023
Tullow Oil Raises 2022 Free Cash Flow Guidance to US$267 million
Extractives/Energy

Tullow Oil Raises 2022 Free Cash Flow Guidance to US$267 million

January 26, 2023
Galiano Gold Releases Solid Preliminary Full Year 2022 Results for Asanko Gold Mine
Extractives/Energy

Galiano Gold Releases Solid Preliminary Full Year 2022 Results for Asanko Gold Mine

January 25, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post

Top Ukrainian Officials Killed In Helicopter Crash

Next Post

Bawumiah Promises SHS Students Free Electronic Tablets

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.
GCB Bank Honors Its Pledge To UCC With A Cheque Of GH¢300,000
Banking

GCB Bank Honors Its Pledge To UCC With A Cheque Of GH¢300,000

by Priscilla Dziedzorm FiakpornuFebruary 3, 2023
AGI welcomes establishment of National Development Bank
Vaultz Business

AGI Urges PURC To Maintain Tariffs For Beverage Sector Companies

by Angeller AshongFebruary 3, 2023
US Seeks To Expel Russian Mercenaries From Sudan And Libya
USA

US Seeks To Expel Russian Mercenaries From Sudan And Libya

by Comfort AmpomaaFebruary 3, 2023
McDan Group CEO Blames Slow Economic Development on Lack of Indigenous Businesses in Key Sectors
Vaultz Business

McDan Group CEO Blames Slow Economic Development on Lack of Indigenous Businesses in Key Sectors

by Stephen M.CFebruary 3, 2023
NPP flagbearership: Alan Kyerematen Visits Otumfuo Osei Tutu At The Manhyia Palace
General News

Vote For A Candidate Ghanaians Will Prefer – Alan Kyerematen To Delegates

by Samuel Yeboah OtibuFebruary 3, 2023
AfDB, Government of Canada Announces New Special Fund Facility To Cushion SMEs in Agriculture
Agribusiness

AfDB, Government of Canada Announces New Special Fund Facility To Cushion SMEs in Agriculture

by Gifty BansahFebruary 3, 2023
GCB Bank Honors Its Pledge To UCC With A Cheque Of GH¢300,000
AGI welcomes establishment of National Development Bank
US Seeks To Expel Russian Mercenaries From Sudan And Libya
McDan Group CEO Blames Slow Economic Development on Lack of Indigenous Businesses in Key Sectors
NPP flagbearership: Alan Kyerematen Visits Otumfuo Osei Tutu At The Manhyia Palace
AfDB, Government of Canada Announces New Special Fund Facility To Cushion SMEs in Agriculture
Snow
FIND OUT MORE

The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In