Asante Gold Corporation has announced results from its ongoing exploration drilling programme at the Aboduabo prospect located on our Bibiani – Chirano mines corridor, Sefwi Greenstone Belt, Ghana.   

Latest drill results have intersected high grade shoot extensions in multiple zones down-plunge of the defined +1km strike length of Aboduabo mineralisation.

 Previous announcements by the Company (see press releases of January 17, 2023, February 8, 2023 and April 6, 2023) have highlighted the significant intercepts and potential of this deposit, located along the Bibiani Shear Zone.

To date, 88 holes totaling 21,000m have been completed testing lateral extensions and upgrading geologic confidence in previously tested zones.  Field mapping has been initiated along the trend to identify new targets for future growth.

Highlights

CHRC3406 intersected a high gold grade shoot extension of significant interest, grading 8.73 g/t over 20.5m.  

Step-out drilling has intersected consistently wide, significant gold mineralisation within metasedimentary shear zones.

Selected intercepts include:

CHRC3406D – 20.5m @ 8.73 g/t Au from 222 to 242.5m

CHRC3420D – 10.1m @ 5.83 g/t Au from 214.7 to 224.8m

CHRC3405D – 17.15m @ 4.27 g/t Au from 274.5 to 291.65m

Includes 7.7m @ 8.94 g/t Au from 274.5m to 282.2m

CHRC3386D – 30m @ 2.81 g/t Au from 120m to 150m

Includes 24m @ 3.16 g/t Au from 126m to 150.0m

CHRC3400D – 26.6m @ 2.27 g/t Au from 166.35m to 192.95m

Includes 8.3m @ 4.2 g/t Au from 169.7m to 178.0m

CHRC3411D – 65.0m @ 1.41 g/t Au from 46.0m to 111.0m

Includes 24.20m @ 2.47 g/t Au from 46.0m to 70.2m

CHRC3441D- 46.70m @ 1.90 g/t Au from 380.3.0m to 427.0m

Includes 10.0m @ 4.37 g/t Au from 402.1m to 413.0m

Mr Dave Anthony, President and CEO stated, “Results from the exploration drill program at Aboduabo continue to support our assessment that the deposit remains open and has potential to develop into long life open pit mine and future underground mine.   We look forward to expanding the Aboduabo footprint with our field mapping program.”

Aboduabo Prospect

The Aboduabo prospect is located approximately 5km north of the Chirano Process Plant and 10km south of the Bibiani Process Plant.  Aboduabo is 7 km south of our Russel South deposit. 

It lies within the Bibiani mineralised trend and is hosted in Birimian sedimentary rock sequences. 

The Chirano gold deposits are primarily hosted in Birimian volcanic and granitoid sequences along the sub parallel Chirano trend.