Company Announces Commencement of Drilling on Fahiakoba Gold Project, Ghana
12 3월 2012 - 10:00PM
PR Newswire (Canada)
/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR
TO U.S. NEWS AGENCIES/ VANCOUVER, March 12, 2012 /CNW/ - , Douglas
MacQuarrie, president, announces that drilling has commenced on the
Company's flagship Fahiakoba property in Ghana. The program
consists of 5,000 metres of diamond drilling designed to test major
structures to the northeast of Perseus' Edikan mine. The structures
are in alluvial covered areas and have been outlined by
geophysical surveys. Fahiakoba is a 22.07 sq km prospecting
license located on strike with and between Perseus Mining's 4.32
million ounce (gold reserves & resources) Edikan Mine and
AngloGold Ashanti's 60 million ounce (reserves & resources of
9.52 and 35.41 million ozs, and historical production of ~31
million ozs) Obuasi mine. The latter is the longest producing,
highest grade and largest gold resource in West Africa. Asante Gold
holds a 100% interest in the Fahiakoba gold concession thru an
option agreement with Goknet Mining Company Limited of Accra which
holds the prospecting license, and is subject to 5% Government and
3% underlying NSR interest. ON BEHALF OF THE BOARD, "DOUGLAS
MACQUARRIE" PRESIDENT This news release includes certain
forward-looking statements or information. All statements
other than statements of historical fact included in this release,
including, without limitation, statements relating to the expected
listing of shares, removal of the trading halt, the expected timing
of the removal of the halt, Exchange approvals, the use of
proceeds, timing and results of proposed exploration programs, and
other future plans, objectives or expectations of the Company are
forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements
will prove to be accurate and actual results and future events
could differ materially from those anticipated in such
statements. In making the forward-looking statements in this
news release, the Company has applied certain factors or
assumptions that it believes are reasonable, including that the
Company will obtain Exchange approval, that it will be able to
obtain necessary equipment, supplies, personnel and approvals for
its exploration and development activities and that the Company's
exploration activities can proceed as expected. Important
factors that could cause actual results to differ materially from
the Company's plans or expectations include risks relating to the
Company's ability to obtain Exchange approval, timeliness of
regulatory approvals, actual results of exploration activities, the
Company's ability to complete its drilling and exploration programs
on schedule, possibility of equipment breakdowns and delays, and
other risks detailed herein and from time to time in the filings
made by the Company with securities regulators. The Company
expressly disclaims any intention or obligation to update or revise
any forward-looking statements whether as a result of new
information, future events or otherwise except as otherwise
required by applicable securities legislation. Neither the TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. Asante
Gold Corporation CONTACT: Douglas MacQuarrie, President, tel: +1
604-558-1134;E-mail: douglas@asantegold.comJag Sandhu, Director,
Corporate Development, tel: +1 604-306-1950Doreen Kent, Shareholder
Communications, tel: +1 604-948-9450;E-mail:
d.kent@eastlink.caKirsti Mattson, Media Relations, tel: +1
778-434-2241; E-mail: kirsti.mattson@gmail.comEurope: Florian
Riedl-Riedenstein, Director, tel: +43 2774 28814;E-mail:
frram@aon.netOr visit our website at: www.asantegold.com
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