Thursday 17th August 2017

Resource Clips


Posts tagged ‘Asanko Gold Inc (AKG)’

Aurvista Gold to expand BOD, add advisory committee to further Abitibi project

July 24th, 2017

by Greg Klein | July 24, 2017

Update: On July 27 Aurvista Gold announced its technical advisory committee members.

Following an extensive drill program and ahead of an August 15 AGM, Aurvista Gold TSXV:AVA presented a lineup of nominees for an expanded board of directors and announced a management appointment to help advance the Douay project in Quebec’s Abitibi. Still to be named are personnel for a newly created technical advisory committee.

Aurvista Gold to expand BOD, add advisory committee to further Abitibi project

Aurvista hopes Highway 109 leads
to the “next big Canadian gold story.”

A veteran of Ivanhoe Mines TSX:IVN and its predecessor Ivanplats, David Broughton shared PDAC’s Thayer Lindsley and the Association for Mineral Exploration’s Colin Spence awards for major discoveries of copper at Kamoa, Democratic Republic of Congo, and PGMs at Flatreef, South Africa. Closer to Douay, he’s worked on mining projects in the Casa Berardi, Joutel, Timmins and Kirkland Lake areas. After retiring from his full-time position with Ivanhoe, Broughton became the company’s senior adviser of exploration and geology. He also works as a consultant for other companies.

Jay Chmelauskas acts as a corporate development consultant for Lithium Americas TSX:LAC after serving a number of roles including technology development, permitting, engineering, financing, construction and commissioning with one of the company’s predecessors, Western Lithium USA. As president/CEO of Jinshan Gold Mines, he led the development of China’s largest gold-producing operation and led exploration efforts that have since brought about an additional gold mine in China.

Pierre Lebel serves as chairperson of Imperial Metals TSX:III and a director of West Kirkland Mining TSXV:WKM. Holding an MBA as well as a law degree, he was named the Mining Association of British Columbia’s 2012 Mining Person of the Year and received AME’s E.A. Scholz medal for outstanding contribution to mine development in B.C.

With over 20 years of mining finance experience, Akiko Levinson has led Irving Resources CSE:IRV and Gold Canyon Resources TSXV:GCU, as well as serving as a director of Novo Resources TSXV:NVO.

Janine North’s background includes managing logging and trucking companies, as well as Crown land tenures in B.C. A former AME director who recently retired as the CEO of the Northern Development Initiative Trust, she currently serves as a director of Conifex Timber TSX:CFF and BC Hydro.

We are focused on building the next big Canadian gold story. Establishing an independent and diverse board with experience discovering world class deposits and leading top tier companies puts Aurvista in the best possible position to achieve success.—Matthew Hornor,
Aurvista Gold president/CEO

A 35-year metallurgical engineer, Maurice Tagami acts as VP of mining operations for Wheaton Precious Metals TSX:WPM, where he’s responsible for maintaining partnerships with 21 mines and eight development projects. He also served as president/CEO of Asanko Gold TSX:AKG predecessor Keegan Resources up to July 2012.

Aurvista president/CEO Matthew Hornor will be the company’s sole management nominee for the board. Running for re-election will be chairperson Gerald McCarvill and directors Edmund King and Sean Charland.

Joining the company as VP of corporate development, Joness Lang’s most recent experience includes six years with prospect generator Riverside Resources TSXV:RRI, where he co-led equity financings, built joint ventures and strategic alliances, and negotiated numerous gold and silver acquisitions.

Aurvista plans to announce a newly created technical advisory committee made up of “personnel covering all of the key disciplines required to bring the Douay gold project to the next level,” Hornor stated.

“We are focused on building the next big Canadian gold story,” he added. “Establishing an independent and diverse board with experience discovering world class deposits and leading top tier companies puts Aurvista in the best possible position to achieve success.”

The news follows a backlog of assays released last week from a 59-hole, 23,965-metre campaign on the 30,500-hectare property and recent financings that closed on $10.1 million.

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