AMN - GHANA: New zones identified at Anumso

Soil sampling by Ashanti Gold Corp at Goldplat's Anumso Gold Project in Ghana has encountered multiple parallel mineralised zones which are in aggregate up to 480 metres wide in certain areas of the mineralisation. The soil samples tested returned samples with over 30 ppb gold, with 24 samples containing more than 100 ppb.

The exploration program, which is part of Ashanti's earn-in agreement with Goldplat, is testing previously underexplored areas. Ashanti has the right to earn up to 75% of Goldplat's interest by spending US$3 million on exploration.

The soil sampling program consisted of approximately 1200 samples collected at 20 metre intervals along lines 200 metres apart. This took place along 10.3km of strike exposure of Banket conglomerate and was conducted in August and September and revealed multiple zones of mineralised Banket conglomerate.

Additionally, the most prolific portion of mineralised stratigraphy was not tested with drill holes historically and the strongest gold in soil results on several sample lines have never been tested in the sub-surface with any drill holes.

Ashanti is set to apply its analysis of this new data to guide further exploration on the project by trenching and drilling. Additionally, preliminary metallurgical test work on oxidised and unoxidised mineralised samples from Anumso shows very encouraging results with high levels of gold recovery.

Strong gold recovery by cyanidation was observed and an initial Extended Gravity Recoverable Gold test was conducted on an unoxidised composite, which indicated that up to 72.9% of the gold may be recoverable by gravity methods. Further work to optimise process conditions and evaluate variability is planned by Ashanti.

Ashanti's CEO Tim McCutcheon said: “New opportunities for gold mineralisation and the understanding that the material at Anumso has favorable gold recovery characteristics is great news for the company.”

Ashanti is a gold-focused, exploration and development company that targets projects where it has a competitive advantage due to past work experience of the team and specific project know-how. The company is driving forward its Kossanto East project in Mali on the prolific Kenieba Belt, which hosts such deposits as Loulo, Fekola and Sadiola. Ashanti is also working to advance, together with its earn-in partners, the Anumso project and the Ashanti Belt project in Ghana, which are near the Akyem deposit.

https://ashantigoldcorp.com/