Asante GOLD to Commence Geotech Drilling ON Kubi Main Zone
ASANTE GOLD TO COMMENCE GEOTECH DRILLING ON
KUBI MAIN ZONE
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES
FOR IMMEDIATE RELEASE SHARES ISSUED: 87,921,909
Vancouver, British Columbia – February 18, 2021 – Asante Gold Corporation ( CSE:ASE/
FRANKFURT:1A9/U.S.OTC:ASGOF) (“Asante” or the "Company") announces that a diamond
drill rig from Toomahit Drilling has arrived on site and will complete a program of ~300m of HQ
core drilling in three holes.
These holes are planned to intersect the Kubi Main mineralized zone at depths from 30m to 120m
below surface, and give long intersections of mineralization for testing purposes. Previous drilling
on this section has shown the mineralization to be near vertical and extend from surface to -400m.
The drill hole s and c ore will be surveyed to obtain the geophysical signature of the gold
mineralization, measuring the magnetic susceptibility, bulk density, IP and apparent resistivity.
This information will be used to f ine tune our 3D modelling of the Kubi Main gold deposit and
assist in the search for additional gold mineralization at depth and elsewhere on the mining lease.
Selected core will be submitted for compressive strength testing (required for mining and milling
purposes), and halved and quartered for assay, metallurgical testing , geological & structural
logging and for storage, QA and QC purposes.
The Company also announces the results of the recently completed Kubi 513 Zone excavator
trenching/auger drilling program, located 1.2km south west of the Kubi Main gold deposit. A total
of 737 samples were taken in 11 trenches with a combined length of 4 36m. The object of the
program was to determine if there was any significant gold mineralization in the soils overlying
previous drill results of 4.8m at 3.76g/t, 8m at 3.68g/t, and 1.0m at 15.3 g/t gold.
Results of the trenching were generally disappointing, indicating gold depletion in the laterite and
saprolite above areas with known gold mineralization, which may occur in tropical weathering
environments such as in parts of Ghana. However, the current best result of 4.0m at 1.88g/t Au in
TR20-02, the northern most trench, suggests that the 513 zone has now been extended to a strike
length of 700m and remains open to extension to the north . TR20-02 is along strike and 115m
beyond the previous most northern drill hole KV -09-517 (4.8m at 3.76 g/t Au). Positively, it is
worth noting that the 513 zone was discovered by drill testing ground VLFEM geophysics, and
suggests that major areas of the Kubi mining lease that were evaluated by auger drilling still remain
largely untested, and need to be re-explored by deeper sensing geophysical methods.
"Douglas R. MacQuarrie"
President and CEO
2
Scientific and technical information contained in this news release has been reviewed and approved by Douglas R.
MacQuarrie, P.Geo. (B.C.) Geology & Geophysics , the President and CEO of the Company, who is a "qualified
person" under NI 43 -101. All samples were analyzed for gold by fire assay AA on a 50gram sample charge at SGS
Laboratory Services GH. Ltd., Tarkwa, Ghana
About Asante Gold Corporation
Asante has announced plans to co-list its shares on the Ghana Stock Exchange, and is continuing to develop its Kubi
Gold Mine project to production. Asante is also exploring its’ Keyhole, Fahiakoba and Betenase concessions/options
for new discoveries, all adjoini ng or along strike of major gold mines near the centre of Ghana’s Golden Triangle.
Additional information is available on our web site at: www.asantegold.com
For further information please contact:
Douglas MacQuarrie, President and CEO, tel: +1 604-558-1134; E-mail: [email protected]
Valentina Gvozdeva, Business Development, E-mail: [email protected]
Doreen Kent, Shareholder Communications, tel: +1 604-948-9450; E-mail: [email protected]
Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the
adequacy or accuracy of this release. LEI Number: 529900F9PV1G9S5YD446.