Keegan Resources Inc KGN:CA announced results from its Esaase Project in southwest Ghana. Assay highlights include 9.1 g/t gold over 5 metres (including 45.7 g/t over 1 metre), 2.19 g/t over 5 metres, 1.32 g/t over 12 metres (including 13.15 g/t over 1 metre), 7.74 g/t over 18 metres (including 49.1 g/t over 1 metre and 29.95 g/t over 2 metres) and 3.76 g/t over 12 metres (including 44.8 g/t over 1 metre).
Executive Chairman and Director Shawn Wallace tells ResourceClips.com, “The Esaase is an advanced stage project that we’re currently completing a pre-feasability study on. We have a resource that we published in March 2009 which had about two million ounces indicated and about one and a half million inferred, with a 0.6 g/t cut off. We’ve also done another 57,000 metres of drilling subsequent to that resource. The results today highlight an even bigger step-out from that, in a new zone. So there’s a bit of excitement around the project.
“Obviously, this has been a good project for us, and we just continue to find new zones. I think the market’s excited about that because we’ve already got something and this is in addition to it; and they’re pretty exceptional results. It means we have more gold where we already had a lot of gold.
“It’s a new zone so we don’t have a lot of definition yet—we haven’t drilled it off on grid or anything,” concludes Wallace. “But near surface, high grade results are always very accretive to a project that’s currently being rapidly moved forward to development.”
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by Ted Niles