Mr. Douglas MacQuarrie reports
ASANTE GOLD CORPORATION: DRILLING TO RE-COMMENCE, FAHIAKOBA CONCESSION, GHANA
Asante Gold Corp. will commence the second phase of its initial 5,000-metre diamond drill program on the Fahiakoba concession in Ghana, West Africa, at the end of August. A total of 2,500 metres of drilling in 12 holes are expected to be completed.
Drilling will target strike extensions to the recently announced gold discoveries and new targets generated from the completion of approximately 1,200 auger soil geochemical sample holes and coincident ground electromagnetic geophysical surveys. The field data are currently being compiled and final drill targets are being selected.
In addition, the company announces that an induced polarization/resistivity survey has commenced to cover the strong VTEM (versatile time-domain electromagnetic) conductor noted in the southeastern boundary area of the concession. These surveys have been successful in the region for outlining discrete granitic bodies that are transected by the regional shear zones and can contain significant gold mineralization -- such as at the nearby Edikan gold mine (total measured and indicated mineral resources for six deposits at Edikan are reported as 156.3 million tonnes containing 5.6 million ounces of gold, and, in nine deposits, total inferred mineral resources are reported as 50.6 million tonnes containing 1.7 million ounces of gold (Perseus Mining Ltd., Aug. 14, 2012)).
We seek Safe Harbor.
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