AMN - MALI: Positive Kossanto East gold results

Ashanti Gold Corp has received positive initial drill results from the Kossanto East Gold Project in western Mali. Best results are 34 metres at 1.80 g/t gold from 110 metres, including 4 metres of 8.38 g/t, and 48 metres at 1.34 g/t from 14 metres, including 3 metres at 3.57 g/t.

The results are from a recently completed 105-hole reverse circulation and diamond drill, 12,283-metre drill program.

The initial assay data comes for three drill holes from the Gourbassi East main zone. All three holes include multi-metre, multi-gram intercepts with local high-grade zones.

These holes, and others with assay results to follow in coming weeks, test mineralisation down dip, along strike and along section fences to provide sufficient data for a resource estimate later this year.

Importantly, mineralised intervals reported lie along zones of mineralisation interpreted and predicted from previous drilling and thereby, will favourably support geologic and resource modelling.

Other results are 13 metres at 1.17 g/t from 6 metres in the same hole as the 34 metre intersection within which was 4 metres at 8.38 g/t; and 9 metres at 2.33 g/t from 86 metres, 8 metres at 5.48 g/t from 112 metres and 10 metres at 1.93 g/t from 173 metres in another hole. 

Ashanti Gold CEO Tim McCutcheon said: “These results confirm our interpretation of Gourbassi East’s geology and we are looking forward to receiving and releasing further results from our drill program.

“Results from other holes will provide further information at Gourbassi East, the strike and dip extent, as well as mineralisation to the southwest of the main zone along with other targets.

“We will soon release diagrams and cross sections incorporating past and current data. 

“The Kossanto East Project continues to excite the Ashanti team and stakeholders and has not gone unnoticed by other miners in the region.”

Kossanto East is a 66.41sqkm concession in the prolific Kedougou-Kenieba Inlier, the north-western most exposure of Birimian rocks in West Africa and host to the Loulo and Sadiola group of world-class gold deposits.

The property hosts two principal historically drill-tested targets, Gourbassi East and Gourbassi West, and several surface anomalies identified in historic surface samples and rotary airblast (RAB) drill holes.

Geochemical anomalies identified by previous explorers led to drill testing and successful intersection of gold mineralisation.

www.ashantigoldcorp.com