Ashanti Gold reports broadened target area at Anumso project in Ghana

23 March 2018 (Last Updated March 23rd, 2018 10:50)

South Africa-based firm Ashanti Gold has reported broadening of the target area for gold mineralisation during its ongoing surface exploration programme on the Anumso project in Ghana.

South Africa-based firm Ashanti Gold has reported broadening of the target area for gold mineralisation during its ongoing surface exploration programme on the Anumso project in Ghana.

As part of the soil sampling programme, the company collected 486 new samples from extensions of previous sample lines, the results of which pointed to a broadened target area for gold mineralisation.

Based on the previous sampling, the company identified several lines of anomalism parallel to the drill-tested Banket conglomerate.

Ashanti Gold COO and chief geologist Paul Klipfel said: “This large coherent area of anomalous gold opens the possibility for a much larger gold mineralisation target at Anumso.

“The known conglomerate horizon was already significant at a mapped length of 10km on the Anumso property.

“This large coherent area of anomalous gold opens the possibility for a much larger gold mineralisation target at Anumso.”

“However, the potential of the gold mineralisation zone to be wider than the known conglomerate means the potential for significantly more tonnage of material is present.”

According to the company, a new broadened anomaly area that is around 1,500m by 500m was revealed as a result of extensions of the sample lines, as well as further testing of a newly discovered additional stratigraphic horizon of the Banket conglomerate.

According to the anomaly pattern, there could be a presence of both stratigraphic and structural controls.

The pattern also points to the potential for a much larger mineralisation zone along the entire Banket conglomerate horizon than previously known.

Ashanti is engaged in digging and sampling multiple trenches to evaluate the results of the soil sampling.

Thereafter, drill testing is expected to take place in the third quarter of this year.