Sign up Australia
Proactive Investors - Run By Investors For Investors

Asante Gold shares surge as it extends Keyhole discovery in Ghana

The firm said the work had extended the mineralized shear zone outlined in the first phase
Asante Gold shares surge as it extends Keyhole discovery in Ghana
Asante Gold Corp workers

Shares in Asante Gold Corp (CVE:ASE, CNSX:ASE) shot up in Toronto on Tuesday as it unveiled highly encouraging drill results from the Keyhole option property in Ghana.

The firm said work (a second phase) had extended the mineralized shear zone outlined in the first phase to a length of 650m (meters) and to a depth of up to 150m.

Shear zones host most of the major gold deposits in Ghana, Asante noted.

Meanwhile, one hole - MEM17-11C - has hit a 3.5m wide sulfide and quartz mineralized shear zone with visible gold.

Notably, this hole was drilled on the same secion and 25 meters under the high grade gold discovery hole MEM17-001B, which hit 13.12g/t gold over 3 meters) .

Drilling is continuing to test this shear zone along strike, the group said.

Asante shares shot up almost 43% in Toronto to C$0.10.



Giles_55af4ddca6481.jpg
Why Invest In Asante Gold? Read More Here

Register here to be notified of future ASE Company articles
View full ASE profile View Profile

Asante Gold Timeline

Related Articles

picture of copper tubes
May 25 2017
Production of copper doubled to 1,941 tonnes while silver production increased six-fold to 165,131 ounces.
logan_=_brik_prperty.png
June 21 2017
Last year, it struck an option deal with Pilot Gold Inc, whereby it can evaluate nine exploration projects
picture of mine interior
July 20 2017
Caledonia retains operational control of Blanket and ownership of 49% of the mine in Zimbabwe

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use