Modern Mining

Asanko Gold Inc, listed on the TSX and NYSE American, has acquired ownership of the Miradani Mining Lease, which is adjacent to the Asanko Gold Mine (AGM) in Ghana, West Africa, from AngloGold Ashanti.

Covering an area of approximately 15 km2, the Miradani project is on an existing mining lease (valid until May 2025). The northern boundary of the concession is located approximately 5,5 km south of AGM’s processing plant on the NE-SW Asankrangwa structural corridor.

The under-explored Asankrangwa Gold Belt is about 7 km wide and over 50 km long. The area is highly prospective with multiple geochemical anomalies aligning with the structures interpreted from the airborne VTEM and magnetic surveys completed by Asanko in 2015. Asanko holds the largest land package on this belt and it hosts all of the company’s 5,1 million ounces of reserves.

Three significant initial target areas along the main structural trend, Miradani, Central and Tontokrom, have been identified. A phased drilling campaign is expected to commence in Q4 2017, with a view to completing a maiden Mineral Resource Estimate in H2 2018. Historical trench and soil geochemistry data, along with recent mechanised artisanal mine workings, indicate that each target area consists of multiple parallel mineralised zones, individually ranging between 3 m and 37 m in width. Individual 1,5 m trench samples have assayed up to 47,3 g/t.

“The Miradani project is a very exciting exploration project with huge potential to increase our resource base and contribute to our future growth,” says Asanko’s President and CEO, Peter Breese. “Located next to our current operation and within trucking distance, the Miradani project comes with the advantage of being on an existing mining lease, which means that we will be able to accelerate the development timeline from resource delineation to production.

“Historic trenching indicates there are at least three main zones of mineralisation across the project area and the extensive artisanal workings confirm gold is present. We have identified three drill ready targets which we will start to drill in the coming quarter and we look forward to updating the market further during H1 2018.”

The Asanko Gold Mine is a substantial operation which is expected to produce 205 000 to 225 000 ounces in 2017 at an AISC of US$920 to US$960/oz.

Contact Modern Mining

Title: Editor
Name: Arthur Tassell
Email: mining@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

Title: Advertising Manager
Name: Bennie Venter
Email: benniev@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

BANNER 9

 
Full Name*
Invalid Input

Company Name*
Invalid Input

Your Email*
Invalid Input

Phone*
Invalid Input

Postal Address 1*
Invalid Input

Postal Address 2*
Invalid Input

Postal Code*
Invalid Input

Street Address 1
Invalid Input

Street Address 2
Invalid Input

Postal Code
Invalid Input

Town / City*
Invalid Input

Country*
Invalid Input

Magazine

Invalid Input

Invalid Input