http://www.proactiveinvestors.com Proactiveinvestors RSS feed en Thu, 20 Sep 2018 17:25:01 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Ashanti Gold shares advance after latest Kossanto East drill assays ]]> http://www.proactiveinvestors.com/companies/news/201676/ashanti-gold-shares-advance-after-latest-kossanto-east-drill-assays-201676.html Ashanti Gold Corp (CVE:AGZ) shares added over 5% in Toronto as it released latest assays from the Kossanto East project in Mali, which expand areas of mineralisation.

The holes in question were sunk to test the Gourbassi East Main zone mineralization down dip, along strike and along section fences to provide sufficient data for a resource estimate later this year.

Highlights included 48 metres (m) at 1.34 g/t (grams per ton) gold, including 3m at 3.57 g/t of the yellow metal, and 34m of 1.80 g/t gold, including 4m at 8.48 g/t gold. These assays broaden the width and increase the down-dip extent of known gold mineralisation of the less-than-or-equal-to-75-metre-wide Main zone at Gourbassi East, Ashanti said.

"We are very pleased with these results as they support and expand known mineralisation with key areas of higher grade material," said Tim McCutcheon, Ashanti's chief executive.

"We are looking forward to the contribution this mineralisation will make to the planned resource estimate to be undertaken once we receive all assay results."

Kossanto East is a66.41 sq km concession in the prolific Kedougou - Kenieba Inlier, the northwestern-most exposure of Birimian rocks in West Africa and host to the Loulo and Sadiola group of world-class gold deposits.

It hosts two main historically drill-tested targets - Gourbassi East and Gourbassi West and several surface anomalies identified in historic surface samples and Rotary Airblast (RAB) drill holes.

Shares in Toronto added 5.26% to C$0.10.

]]>
Thu, 26 Jul 2018 11:35:00 -0400 http://www.proactiveinvestors.com/companies/news/201676/ashanti-gold-shares-advance-after-latest-kossanto-east-drill-assays-201676.html
<![CDATA[Media files - Ashanti Gold drill results show Kossanto East's potential ]]> http://www.proactiveinvestors.com/companies/stocktube/9925/ashanti-gold-drill-results-show-kossanto-east-s-potential-9925.html Fri, 20 Jul 2018 16:39:00 -0400 http://www.proactiveinvestors.com/companies/stocktube/9925/ashanti-gold-drill-results-show-kossanto-east-s-potential-9925.html <![CDATA[News - Ashanti Gold continues to show Kossanto East's potential with latest drill results ]]> http://www.proactiveinvestors.com/companies/news/201255/ashanti-gold-continues-to-show-kossanto-east-s-potential-with-latest-drill-results-201255.html Ashanti Gold Corp (CVE:AGZ) continues to show the positive potential of the Kossanto East project in western Mali - as it released latest drill assays.

The results come from the recently completed reverse circulation (RC) and diamond drill program testing the mineralisation at the site and today's assays expand the Sana Zone area.

Highlight assays include 3.12 g/t (grams per ton) gold over an interval of 3m (metres) and 4.82 g/t of the yellow metal over 2m.

READ: Ashanti Gold discovers new gold zone at Kossanto East project

The junior mining firm also revealed that widely spaced reconnaissance drill holes at Kossanto East had yielded significant results along the new Koli Zone.

Here, surface soil anomalies, historic RAB (rotary air blast) and trench results along with altered felsic tuff at the surface indicated the presence of more extensive mineralization, it said.

The firm said it was waiting for more results from the Gourbassi East Main Zone and from Gourbassi West and will release these shortly.

"What we liked about Kossanto East when we acquired the project was a significant amount of exploration risk had been removed by the previous operator and that those previous results were very attractive," Tim McCutcheon, chief executive, told investors on Friday.

"However, where we saw the main opportunity, and the added value of the Ashanti team, was the potential for demonstrating much larger areas of mineralization throughout the license," he said.

"The growth of the Sana Zone and scope for future growth of the Koli Zone fits our thesis for Kossanto East’s potential."

WATCH: Ashanti Gold CEO reports 'high-grade, very big interval' drill results from Mali gold project

Exploration has been moving fast at the project. Earlier this month, the group said it had discovered a new gold zone at the property.

The new gold-mineralized zone, named the Kadi zone, lies around 1km northeast of the main zone, in Gourbassi East.

"The discovery of the Kadi zone is important as it potentially adds more mineralized material to what Ashanti has already identified at Gourbassi East and West," said McCutcheon.

"Along with collecting data to complete a resource report, this most recent drill campaign was designed to show upside potential of the Kossanto East project, and Kadi clearly does this. More results are due to come, and I look forward to sharing them with you."

Shares were unchanged at C$0.095.

]]>
Fri, 20 Jul 2018 09:53:00 -0400 http://www.proactiveinvestors.com/companies/news/201255/ashanti-gold-continues-to-show-kossanto-east-s-potential-with-latest-drill-results-201255.html
<![CDATA[News - Ashanti Gold discovers new gold zone at Kossanto East project ]]> http://www.proactiveinvestors.com/companies/news/200792/ashanti-gold-discovers-new-gold-zone-at-kossanto-east-project-200792.html Ashanti Gold Corp (CVE:AGZ) reported today that it has discovered a new gold zone at its Kossanto East project in western Mali. 

The new gold-mineralized zone, named the Kadi zone, is located approximately 1km northeast of the main zone, in Gourbassi East.

Highlight assays included 8 metres (m) at 1.83 grams per ton (g/t) gold and 10m at 1.93g/t gold. 

WATCH: Ashanti Gold CEO reports 'high-grade, very big interval' drill results from Mali gold project

"The discovery of the Kadi zone is important as it potentially adds more mineralized material to what Ashanti has already identified at Gourbassi East and West," said Tim McCutcheon, chief executive officer.

"Along with collecting data to complete a resource report, this most recent drill campaign was designed to show upside potential of the Kossanto East project, and Kadi clearly does this. More results are due to come and I look forward to sharing them with you."

Kadi zone

The company said three drill holes spaced approximately 75m apart have shown gold mineralization within a northwest-trending, moderately west-dipping shear zone up to 20 m wide.

This shear zone is the contact between granitic rocks in the footwall and felsic tuff in the hangingwall. To the southeast, silica breccia rock lies along the strike extent of the shear zone. The company plans to further drill test this zone along strike and down dip.

Ashanti's recent 2018 drilling, 2017 drilling and historic drilling define a 600m by over 50m zone of gold mineralization at the Gourbassi East Main zone.

Additional mineralization along a separate zone to the southwest has been subdivided into its own zone (Sana zone) and adds another 300m by 50m of mineralization.

In addition, soil sampling (both current and past) has shown anomalies to the northeast and southwest of Gourbassi East.

Ashanti's 2018 program partially drill tested these new areas of interest.

]]>
Fri, 13 Jul 2018 11:42:00 -0400 http://www.proactiveinvestors.com/companies/news/200792/ashanti-gold-discovers-new-gold-zone-at-kossanto-east-project-200792.html
<![CDATA[News - Ashanti Gold unveils further encouraging drill results at Kossanto East project in Mali ]]> http://www.proactiveinvestors.com/companies/news/200611/ashanti-gold-unveils-further-encouraging-drill-results-at-kossanto-east-project-in-mali-200611.html Ashanti Gold Inc (CVE:AGZ) has reported further drilling results at its Kossanto East project in western Mali.

The company released additional results today from its recently completed 105-hole reverse circulation and diamond drill 12,000-metre drill program.

The results released today and in recent weeks demonstrate promising results from drill holes in the Gourbassi East Main Zone.

WATCH: Ashanti Gold CEO reports 'high-grade, very big interval' drill results from Mali gold project

The company said it has also identified and tested three other target areas near Gourbassi East as well as Gourbassi West and it is waiting for results from these targets. 

"The laboratory is now sending back data regularly and as we process and map out the results, we are very excited about how Kossanto East is shaping up to be," said chief executive officer, Tim McCutcheon. 

Highlight assays included 24 metres (m) at 0.84 g/t (grams per ton) gold and 5m at 2.14 g/t gold — both from one hole.

READ: Ashanti Gold releases promising drill results at Kossanto East project in western Mali

Ashanti's recent 2018 drilling, 2017 drilling, and historic drilling define a 600m x >50m zone of gold mineralization at Gourbassi East main zone.

Additional mineralization along a separate zone to the southwest has been subdivided into its own zone and adds another 300m x 50m of mineralization.

In addition, Ashanti soil and historic soil sampling has defined extensive anomaly areas to the northeast and southwest of Gourbassi East. 

Shares of Ashanti were down 8.33% at at C$0.11 on Wednesday. 

]]>
Wed, 11 Jul 2018 11:23:00 -0400 http://www.proactiveinvestors.com/companies/news/200611/ashanti-gold-unveils-further-encouraging-drill-results-at-kossanto-east-project-in-mali-200611.html
<![CDATA[News - Ashanti Gold releases promising drill results at Kossanto East project in western Mali ]]> http://www.proactiveinvestors.com/companies/news/200069/ashanti-gold-releases-promising-drill-results-at-kossanto-east-project-in-western-mali-200069.html Ashanti Gold Inc (CVE:AGZ) has reported further encouraging drilling results at its Kossanto East project in western Mali.

The company released additional results from its recently completed 105-hole reverse circulation and diamond drill 12,000-metre drill program. 

WATCH: Ashanti Gold CEO reports 'high-grade, very big interval' drill results from Mali gold project

Mineralization results at holes in the Gourbassi East main zone showed multi-metre, multi-gram intercepts with local high grade zones. 

Highlight assays included 12 metres (m) at 0.72 g/t (grams per ton) gold and 2m at 2.29 g/t gold — both from one hole.

Reverse circulation results included 2m at 5.00 g/t gold and 8m at 5.48 g/t gold.

“Great results with more coming as the laboratory in Bamako continues to send Ashanti assay data. Looking forward to sharing more data and sections as they are available." said chief executive officer Tim McCutcheon. 

The company said holes tested mineralization down dip, along strike and along section fences will provide sufficient data for a resource estimate later this year. 

Additionally, and important to note, the reported intervals lie along zones of mineralization that has been previously drilled, which will help support geologic and resource modeling.

Further results expected soon

The Kossanto East Project, located in the Kedougou - Kenieba rock grouping, is host to the Loulo and Sadiola group of world-class deposits. 

There are two drill-tested targets at the project: Gourbassi East and Gourbassi West. Previous explorers have identified anomalies, which were drilled and showed mineralization and further results from both targets are expected in the next few weeks. 

Shares of Ashanti Gold were flat at C$0.14 on Tuesday.

]]>
Tue, 03 Jul 2018 11:27:00 -0400 http://www.proactiveinvestors.com/companies/news/200069/ashanti-gold-releases-promising-drill-results-at-kossanto-east-project-in-western-mali-200069.html
<![CDATA[Media files - Ashanti Gold CEO reports 'high-grade, very big interval' drill results from Mali gold project ]]> http://www.proactiveinvestors.com/companies/stocktube/9736/ashanti-gold-ceo-reports-high-grade-very-big-interval-drill-results-from-mali-gold-project-9736.html Thu, 28 Jun 2018 13:30:00 -0400 http://www.proactiveinvestors.com/companies/stocktube/9736/ashanti-gold-ceo-reports-high-grade-very-big-interval-drill-results-from-mali-gold-project-9736.html <![CDATA[News - Ashanti Gold unveils encouraging drill results at Kossanto East project in western Mali ]]> http://www.proactiveinvestors.com/companies/news/199821/ashanti-gold-unveils-encouraging-drill-results-at-kossanto-east-project-in-western-mali-199821.html Ashanti Gold Inc (CVE:AGZ) reported promising drill results today at its Kossanto East project in western Mali.

Mineralization results at three drill holes in the Gourbassi East main zone showed multi-metre, multi-gram intercepts with local high grade zones.

Highlight assays included 9 metres (m) at 2.33 g/t (grams per ton) gold and 8m at 5.48 g/t gold — both from one hole. Other results included 8m at 3.34 g/t gold  and 48m at 1.34 g/t gold.

“These results confirm our interpretation of Gourbassi East’s geology and we are looking forward to receiving and releasing further results from our drill program.  Results from other holes will provide further information at Gourbassi East, the strike and dip extent, as well as mineralization to the southwest of the main zone along with other targets," said chief executive officer Tim McCutcheon. "We will soon release diagrams and cross sections incorporating past and current data."

"The Kossanto East Project continues to excite the Ashanti team and stakeholders and has not gone unnoticed by other miners in the region.”

 

 

The company said the three holes tested mineralization down dip, along strike and along section fences will provide sufficient data for a resource estimate later this year.  

Additionally, and important to note, the reported intervals lie along zones of mineralization that has been previously drilled, which will help support geologic and resource modeling.

Kossanto East Project

The Kossanto East Project, located in the Kedougou - Kenieba rock grouping, is host to the Loulo and Sadiola group of world-class gold deposits.  

There are two drill-tested targets at the project: Gourbassi East and Gourbassi West. Previous explorers have identified anomalies, which were drilled and showed gold mineralization. 

Further results from Gourbassi East and Gourbassi West are anticipated in the coming weeks.

Shares of Ashanti Gold were down 7.41% at C$0.13 on Thursday. 

]]>
Thu, 28 Jun 2018 12:11:00 -0400 http://www.proactiveinvestors.com/companies/news/199821/ashanti-gold-unveils-encouraging-drill-results-at-kossanto-east-project-in-western-mali-199821.html
<![CDATA[Media files - Ashanti Gold CEO says there is potentially a world class asset at gold project in Mali ]]> http://www.proactiveinvestors.com/companies/stocktube/9497/ashanti-gold-ceo-says-there-is-potentially-a-world-class-asset-at-gold-project-in-mali-9497.html Thu, 07 Jun 2018 10:10:00 -0400 http://www.proactiveinvestors.com/companies/stocktube/9497/ashanti-gold-ceo-says-there-is-potentially-a-world-class-asset-at-gold-project-in-mali-9497.html