Modern Mining October 2016

MINING News

Asanko Gold Inc, listed on the TSX and NYSE MKT, has announced highly encour- aging results from the new exploration target, Akwasiso, which is located approxi- mately 4 km from the processing facility at the Asanko Gold Mine (AGM) in Ghana. The drilling programme at Akwasiso Akwasiso drilling delivers “highly encouraging results” forms part of the company’s near-mine exploration strategy to source additional ore resources that will utilise the excess capacity in the processing plant during 2017 and 2018 until Phase 2A is built and commissioned. Akwasiso lies on the Nkran shear cor-

ridor which hosts the AGM’s main pit, Nkran, as well as the Nkran Extension and Dynamite Hill satellite deposits. A 10 000 m drilling programme has been undertaken to validate the geology and grade continuity of at-surface mineralised oxide zones defined by a previous opera- tor. In addition to confirming this historical work, significant mineralisation has now been discovered below and on the west- ern flank of the previous drilling. “We are very excited about the poten- tial of Akwasiso, which is displaying similar geological features and mineralisation to the Nkran deposit, our main resource,”com- ments Peter Breese, President and CEO of Asanko Gold. “The first set of results shows the potential to be even more significant than previous near-mine discoveries at the Adubiaso and Nkran Extensions. With the mineralisation still open at depth and along strike, we will plan to initiate a further drilling campaign and prepare a maiden mineral resource estimate.” 

The Nkran pit in September this year. Akwasiso is displaying similar geological features and mineralisa- tion to the Nkran deposit (photo: Asanko Gold).

14  MODERN MINING  October 2016