Asante Gold Makes Significant Discovery at Aboduabo

SEATTLE (Scrap Monster): Asante Gold has announced a significant gold discovery at the Aboduabo prospect along the Bibiani-Chirano corridor in the Sefwi greenstone belt of the Western-North Region, where sections of rock with gold have a grade and width that makes it suitable for open-pit mining.

It said results from its ongoing exploration drilling programme showed that all the holes drilled in the area intersected gold mineralisation, an indication of the precious yellow metal’s presence.

The company disclosed this in a statement to investors, and revealed one of the new drill intercepts showed 43.10 metres of rock that contained gold. The gold in this section of rock was estimated to be 3.07 grammes per tonne of rock, with a section of 9.95 meeers having a higher concentration of gold at 6.85 grammes per tonne.

The statement highlighted that several mineralised intercepts, containing sections of rock with gold, have a grade and width which make them suitable for open pit mining.

The company indicated that the footprint, or the area in which gold is found, was confirmed to be over 1 kilometre in length and remains open – meaning there is still potential for more gold to be found.

Dave Anthony, President and Chief Executive Officer of Asante stated: “These results highlight the potential of this deposit, which is close to the surface and mineralised over an area up to 130m wide x 1km long. The drill programme to advance the target to resource definition has been accelerated. These results demonstrate the significant exploration potential that remains along the Bibiani-Chirano corridor”.

Courtesy: www.ghanaweb.com