Asanko Begins Exploration Program Near Asanko Gold Mine

Asanko Gold Inc. (TSX:AKG,NYSEMKT:AKG) announced that it’s started an exploration program near its Asanko gold mine. It will focus on high-priority targets that have the potential to add oxide resources to the mine.

As quoted in the press release:

This follows positive results from an extensive regional prospectivity mapping exercise undertaken in 2014 by external consultants.

The Asankrangwa Gold Belt and wider Kumasi Basin in Ghana are well endowed and contain a number of large economic gold systems such as Nkran, Esaase and Edikan. Significant potential exists for Asanko to generate further value on its ground holdings as demonstrated with the recent discovery of the Dynamite Hill deposit.

The study concluded that only 7% of Asanko’s highly prospective concession area had been historically explored effectively. The study has provided a better understanding of the controls on the location of gold deposit formation and the expression of these controls in exploration data and a significant number of new exploration targets have been generated. The identified targets provide a clear opportunity for the exploration team and offer the potential for rapid delineation of new deposits and resource areas.

Peter Breese, president and CEO of Asanko, commented:

The results of this extensive prospectivity mapping program are extremely encouraging and highlight the potential of the Asanko concession area to host further gold deposits that can be efficiently brought to account. Our expectation is that a significant portion of these additional discoveries may be oxide resources which will provide opportunities to optimize the throughput of the three million tonnes per annum Carbon-in-Leach processing plant, currently being built as part of Phase 1.

About Asanko:

Asanko’s vision is to become a mid-tier gold mining company that maximizes value for all its stakeholders. The Company’s flagship project is the multi-million ounce Asanko Gold Mine located in Ghana, West Africa. The mine is being developed in phases. Phase 1 is fully financed, permitted and under construction. First gold is expected in Q1 2016, with steady state production of 190,000 ounces per annum in Q2 2016.

Asanko is managed by highly skilled and successful technical, operational and financial professionals. The Company is strongly committed to the highest standards for environmental management, social responsibility, and health and safety for its employees and neighbouring communities.

Click here to read the full Asanko Gold Inc. (TSX:AKG,NYSEMKT:AKG) press release.