Keegan Releases Updated Resource Estimate for Esaase Gold Project, SW Ghana

Keegan Resources Inc. (TSX:KGN) announces it has received an updated resource estimate for the Esaase Gold Project in southwest Ghana.

The press release is quoted as saying:

The updated resource includes 3.23 million ounces of gold in an indicated category with an average grade of 1.2 g/t Au at a 0.4 g/t Au cutoff and 1.68 million ounces of gold in an inferred category at an average grade of 1.0 g/t Au applying a 0.4 g/t Au cut-off for a total inferred and indicated resource of 4.91 Moz of gold. A total of 770 holes drilled at collar spacing ranging from 25m by 40m to 40m by 80m and over 190,000m of drilling were used to establish the resource. This resource estimation represents over 3.5 km of strike length along the A-1 structure and includes drilling done in the B-1 and D-1 mineralized zones.

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