Upcoming B2B Gems & Jewellery Exhibition- 19th - 20th - 21st January 2019. Bangalore.

Asanko Gold goes low cost discovery!

2016-04-29


 

Asanko Gold reaches successful drilling completed on two near mine priority exploration targets to provide additional ounces to recently commissioned milling operations. Additional Measured & Indicated Mineral Resources of 628,600 tonnes at 1.89 g/t gold that is about 38,250 contained ounces.

Estimated in an extension to the Adubiaso satellite pit is a low cost of discovery, approximately US$6.50 per M&I ounce. Both targets are within existing mine permit boundaries allowing for expedited permitting process. Asanko Gold Inc said positive initial results from its 2016 exploration program. This follows a successful 2015 program that identified a series of advanced targets that are now being drilled to resource status on a systematic basis.

Peter Breese, President and CEO, commented, “We are very encouraged by the early success of our exploration strategy which is targeting near-surface resources that are within an economic trucking distance of the Phase 1 processing facility and which can be quickly and cost-effectively brought into production. Processing these resources using the existing capacity in our process facility will boost production levels, improve our unit operating costs and increase cash flow from operations in the near-term.”