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Ashanti Gold expands the main zone at Gourbassi East

The main zone consists of several subzones collectively more than 100 metres wide at the surface in this section and wider where other zones have been intersected.
Mali coin
Gold mineralisation intersected in drill hole GERC295 demonstrates the strong mineralisation and down-dip continuity

Ashanti Gold Corp (CVE:AGZ) has continued to expand the main zone at Gourbassi East on its Kossanto East project in Mali.

The company released additional results from the recently completed 105-hole reverse circulation and diamond drill, 12,283-metre drill programme at Kossanto East.

READ: Ashanti Gold shares advance after latest Kossanto East drill assays

Ashanti said the results demonstrate the down-dip continuity and extend the strike length of mineralisation of the main \one as well as increase the confidence in the continuity of main zone mineralisation.

Results from hole GERC235 were 14 metres at 0.65 grams per tonne (g/t) gold, including two metres at 3.42 g/t, while at GERC295 results included one metre at 0.36 b/t, two metres at 0.46 g/t and 20 metres at 2.32 g/t, with the latter including six metres at 6.80 g/t.

“We are very pleased with these results,” said Tim McCutcheon, Ashanti's chief executive officer.

“Based on these results and previous ones, it looks like there is continuity of mineralisation from the surface to 200m down at Gourbassi East,” he added.

The 2018 summer drill program at Kossanto East was designed to fill in the gaps from previous drill campaigns.

“The down-dip continuity data certainly confirms our understanding of the mineralisation at the project," McCutcheon said.


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