The Conversation (0)
Asante Gold Corporation (CSE:ASE) announced that a significant gold mineralized system has been discovered on it’s Betanase option, Ghana.
Asante Gold Corporation (CSE:ASE) announced that a significant gold mineralized system has been discovered on it’s Betanase option, Ghana.
As quoted in the press release:
Assay results have been received for 256 samples taken from the Phase 1 – 562 metre drill program. Four diamond drill holes were completed on three sections each separated by ~250 metres and drilled to test a 750 metre long NNE-trending gold in soil geochemical target.
Six intervals gave anomalous gold values greater than 1.0 g/t Au, with the best intersection in hole BET15-003 which assayed 3.14 g/t gold over 4.0 metres. The mineralization is associated with cross cutting pyritic quartz stringers, and disseminated and local bedded and stringer pyrite in altered Tarkwaian quartzites.
These initial results are considered encouraging given that significant grades and widths of gold mineralization, associated with widespread albite alteration, have been intersected in what may be a large mineralized system – the extensive alluvial workings located just to the west of the drilled area extend upstream an additional 2 km to the north.
The best gold intersections are spatially related to high Induced Polarization (IP) chargeability anomalies that were previously outlined by the Company. Subject to financing, a follow up Phase 2 drill program will target extensive high IP areas along strike to the northeast and southwest.
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