Thursday 8th December 2016

Resource Clips


Posts tagged ‘Asanko Gold Inc (AKG)’

Keegan reports Ghana Assays up to 2.01 g/t Gold over 48m

February 14th, 2012

Resource Clips - essential news on junior gold mining and junior silver mining(Update: On March 1, 2013, Keegan Resources Inc began trading as Asanko Gold Inc TSX:AKG.)

Keegan Resources Inc TSX:KGN announced results from the Bilpraw Zone of its Esaase Project in southwest Ghana. Highlights include

2.01 g/t gold over 48 metres
(including 35.8 g/t over 1 metre)
1.48 g/t over 18 metres
1.65 g/t over 15 metres
(including 14.95 g/t over 1 metre)
2.13 g/t over 10 metres
(including 20.1 g/t over 1 metre)
1.15 g/t over 19 metres
3.3 g/t over 6 metres

CEO Shawn Wallace commented, “We are encouraged by both the grade and widths of the mineralization that we have intercepted at the Bilpraw Zone and we continue focusing our exploration efforts on this and the other exploration targets at Esaase as we continue to optimize the project economics in our ongoing development efforts.”

View Company Profile

Contact:
Shawn Wallace
CEO
604.683.8193
800.863.8655

by Greg Klein

Keegan reports Ghana Gold Assays up to 3.9 g/t over 41m

November 18th, 2011

Resource Clips - essential news on junior gold mining and junior silver mining(Update: On March 1, 2013, Keegan Resources Inc began trading as Asanko Gold Inc TSX:AKG.)

Keegan Resources Inc TSX:KGN announced results from the B and E zones of its Esaase project in southwest Ghana, West Africa. Assays include

1.12 g/t gold over 30 metres
1.85 g/t over 34 metres (including 15.1 g/t over 1 metre)
1.54 g/t over 36 metres
0.99 g/t over 55 metres
1.35 g/t over 35 metres
1.28 g/t over 26 metres
1.62 g/t over 41.3 metres (including 10.55 g/t over 1 metre)
3.19 g/t over 47 metres (including 115.5 g/t over 1 metre)
2.47 g/t over 26 metres (including 34.5 g/t over 0.9 metres)
2.31 g/t over 22 metres (including 21.8 g/t over 1 metre)
7.95 g/t over 8 metres (including 49 g/t over 1.2 metres)
3.9 g/t over 41 metres (including 41.4 g/t over 1 metre)
2.11 g/t over 21 metres

President/CEO Maurice Tagami said, “We are pleased with these drill results as they indicate that both the confidence and the amount of resources at the Esaase Project are likely to increase. We plan to undertake additional, aggressive exploration at the same time that we continue our social license, development and permitting programs, while we are advancing the project closer to definitive feasibility.”

View Company Profile

Contact:
Shawn Wallace
Executive Chairman
604.683.8193

by Ted Niles

Keegan reports Ghana PFS: $639M NPV, 32% IRR, $506M CAPEX, 2.6M Au Oz/10 yr

September 22nd, 2011

Resource Clips - essential news on junior gold mining and junior silver mining(Update: On March 1, 2013, Keegan Resources Inc began trading as Asanko Gold Inc TSX:AKG.)

Keegan Resources Inc TSX:KGN announced results of a prefeasibility study of its Esaase Gold Project in Ghana. Based on a gold price of $1,150 per ounce, the report projects an open-pit mine with a CAPEX of US$506 million, an after-tax NPV (discounted at 5%) of $639 million and an IRR of 32%. The study also estimates gold production of 2.6 million ounces over a 10.2-year mine life, with 330,000 ounces produced in the first year and a life-of-mine average of 258,000 ounces per year. Plant capacity is estimated at 7.5 million tonnes a year.

Keegan also released an updated resource estimate of 98.7 million tonnes grading 1.1 g/t for 3.64 million ounces measured and indicated and 45.9 million tonnes grading 1.1 g/t for 1.55 million ounces inferred. The estimate uses a 0.4 g/t cutoff.

A portion of the measured and indicated resource was converted to proven and probable mineral reserves of 79.4 million tonnes grading 1.1 g/t for 2.88 million ounces.

President/CEO Maurice Tagami commented, “With our current cash reserve of $220 million, we feel confident that we can rapidly advance the project to production.”

View Company Profile

Contact:
Shawn Wallace
Executive Chairman
604.683.8193
800.863.8655