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Asante Gold Update on Kubi Pit in Obuasi Area in Ghana

Mining News - Published on Thu, 09 Jan 2020

Image Source: Asante Gold Kubi Pit
Asante Gold Corporation announced that anomalous high induced polarization survey results have been noted vertically above a previous drill intersection that graded 3.0m of 4.5g/t gold. This new IP anomaly is located just 150m to the east of the Kubi Main gold resource and has a significant strike and inferred dip potential. President and CEO Mr Douglas MacQuarrie said “At the Kubi Main gold deposit, the tenor of the gold mineralization is directly related to the sulfide content in a distinct garnet, sulfide and quartz rich unit. The confirmation of strong gold, garnet and sulfide mineralization in the previously not targeted Tarkwaiian conglomerates and the numerous IP high anomalies recently discovered, opens up extensive opportunities for resource expansion at Kubi."

The intersection, in drill hole KV97-143 from the 1997 Nevsun Resources Ltd. Kubi Main resource drilling program, was not followed up at the time because it was off trend and in the footwall of the targeted Kubi Main gold zone. The gold mineralization is associated with shearing, abundant garnet and 6.0% to 8.0% pyrite/pyrrhotite at a vertical depth of 360m, centered below the IP anomaly and hosted in steeply dipping Tarkwaiian meta-conglomerates.

The second, of the two drill holes which have tested this IP anomaly, KV95-12, also intersected a garnet/sulfide horizon from 138.0 to 148.0m down hole at a vertical depth of 98m. This interval was not assayed for gold at the time and the core is no longer available.

The new IP target has an indicated length of 250m, and is on strike with a 17.0 g/t gold in soil sample located a further 100m to the north east. The other major IP high trends, "A", "B" and “D" are located a few hundred metres further to the east and to the north, and are also considered as high priority drill targets.

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Posted By : Yogender Pancholi on Thu, 09 Jan 2020
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