Asante Provides an Update ON Bibiani and Chirano Exploration
ASANTE PROVIDES AN UPDATE ON BIBIANI AND
CHIRANO EXPLORATION
Vancouver, British Columbia, October 6, 2025 – Asante Gold Corporation (TSXV:ASE | GSE:ASG
OTCQX:ASGOF) (“Asante” or the “Company”), an emerging Ghana-focused mid-tier gold producer, is pleased
to provide an exploration update on the Company’s Bi biani Gold Mine (“Bibiani”) and Chirano Gold Mine
(“Chirano”) for year-to-date 2025. Asante's explora tion focus remains upon extending mine life at existing
operations and testing near mine opportunities.
Year-to-date 2025 Exploration Highlights
Chirano Exploration
Exploration drilling has continued to yield highly enc ouraging results, particularly in areas beyond the current
reserve and resource envelopes.
Significant progress was made at Obra Underground (“ Obra”), Suraw Underground (“Suraw”) and Sariehu,
where drilling intersected strong mineralization, suppor ting the potential for res ource growth and mine life
extension.
New intercepts and assay results at Obra, Suraw, Sariehu and Magnetic Hinge returned high-grade intervals as
follows:
o CHDD3663UG – 45.03 metres (m) @ 4.09 grams per tonne (g/t) gold (Au), including 20.71m @ 4.91 g/t
Au (Obra)
o CHDD3651UG – 35.00m @ 4.43g/t Au including 17.20m @ 6.62 g/t Au (Obra)
o CHDD3665UG – 27.71m @ 5.23g/t Au including 16.11m @ 5.95 g/t Au (Obra)
o CHDD3671UG – 18.26m @ 3.60g/t Au including 6.60m @ 5.72 g/t Au (Suraw)
o CHRC3652D – 29.20m @ 1.57g/t Au including 9.10m @ 2.20 g/t Au (Sariehu)
o CHRC3652D – 34.67m @ 1.83g/t Au including 6.23m @ 3.72 g/t Au (Sariehu)
o CHRC3647D – 17.90m @1.48g/t Au including 7.40m @1.81 g/t Au (Magnet Hinge)
A total of 126 holes for 13,561m of drilling (RC – 2,438.0m; DD – 9,610.0m; Auger - 1,513.0m) has been
completed year-to-date 2025, representing 43% of 2025 drilling.
Bibiani Exploration
Exploration has focused on following up on greenfield targets generated in 2024 on both the mining lease and
prospecting licences, and drill testing more mature brownfields targets adjacent to the current mining areas.
Geophysical and geochemical programs completed in 2024 defined targets for further field investigation in
2025 through rock chip sampling, mapping, and reverse circulation (RC) drilling.
A total of 126 holes for 19,271m of drilling (RC – 16,639.0m; DD – 2,632.0m) has been completed year-to-
date 2025, representing 63% of 2025 drilling.
Dave Anthony, CEO of Asante, commented,
“We completed our $500M financing initiative in August 2025. More than $9M of this financing has been allocated
to each of Chirano and Bibiani, to accelerate near mine exploration in 2025 and s upport long term planning of
mining activities and gold production.
“Results to date have been instrumental in reaffirming the potential for resource growth and mine life extension at
our existing operations. With drilling at Obra confirming th e extension of a mineralized shoot and its structural
connection to the Sariehu deposit at depth, we are encourag ed to advance our efforts at Chirano to extend the life
of mine.
“We are encouraged by these results and look forward to continued success. Moreover, we are excited to learn how
our exploration initiative will impact the NI 43-101 Techni cal Reports, currently being updated for each mine and
scheduled for release in April 2026.”
Chirano Exploration
A key success thus far in 2025 has been at Obra Underg round, where drilling confirmed the extension of a high-
grade mineralized shoot (>2.5 g/t Au) with positive structur al linkage to the Sariehu deposit at depth. The deepest
hole drilled so far in 2025 returned an exceptional inter cept of 27.71m grading 5.23 g/t Au (true width), including
15.60m at 5.94 g/t Au. Similarly, the first drill hole at Suraw returned 18.26m at 3.60 g/t Au (true width), including
6.56m grading 5.71 g/t Au (true width), highlighting Suraw’s underexplored potential and the structural connection
along the trend. Drilling at Sariehu also returned encouraging intercepts, further validating the depth potential and
its integration into a broader underground mining strategy for the Chirano district.
An exciting development was the advancement of near-surface oxide mineralization at the Magnetic Hinge deposit,
located approximately 3.0km south of Akwaaba. Dr illing results at Magnetic Hinge were positive enough to
warrant the advancement of the project to pre-feasib ility study (PFS) stage, signaling a potential new source of
shallow, easily mineable oxide material that could support short to medium-term production strategies.
In parallel, greenfield exploration efforts, including de tailed geological mapping, and geophysical surveys were
conducted across the Anansu Prospecting License (PL). These efforts successfully de lineated eight drill-ready
targets supported by encouraging grab samples averag ing +1.0 g/t Au across a mineralized corridor of
approximately 2.0km. These targets represent promising near-surface oxide potential and are scheduled for drill
testing in the next campaign.
Looking ahead to the fourth quarter 2025 and into 20 26, exploration efforts will focus on upgrading resources,
extending shoots and identifying targets, with the goal of increasing the life of mine at Chirano. Continued
exploration will target the deepening and lateral extension of mineralized structures, as well as evaluating new
exploration opportunities to enhance the resource base especially at Obra, Sariehu, Suraw, Mamnao North and drill
testing the western parallel splays. Approximately 15,000m of drilling is planned for the remainder of the year.
Drill Results
Table 1.0 - 2025 Chirano Exploration summary drill results (Obra, Sariehu, Mag Hinge, Suraw)
From To Interval True
Width Au
Project Hole ID (m) (m) (m) (m) (g/t) Intercept
Obra
CHDD3638UG 313.45 319 5.55 4.9 3.82 4.90m @ 3.82 g/t Au
CHDD3630UG 281 305 24 18.62 3.52 18.6m @ 3.52 g/t Au
CHDD3630UG Incl.285 300 15 11.5 4.92 11.5m @ 4.92 g/t Au
CHDD3633UG 291 304.2 13.2 10.63 3.30 10.6 @ 3.30 g/t Au
CHDD3635UG 328.75 336 7.25 6.35 3.07 6.4m @ 3.07 g/t Au
CHDD3645UG 304.65 317 12.35 9 4.19 9.0m @ 4.19 g/t Au
CHDD3645UG Incl.306 312.25 6.25 4.55 6.49 4.6m @ 6.49 g/t Au
CHDD3651UG 385 450 65 35 4.43 35.0m @ 4.43 g/t Au
CHDD3651UG Incl.408 440 32 17.2 6.62 17.2m @ 6.62 g/t Au
CHDD3654UG 364 377.25 13.25 10.74 4.19 10.7m @ 4.19 g/t Au
CHDD3656UG 348.2 355.6 7.4 6.44 3.52 6.4m @ 3.52 g/t Au
CHDD3656UG Incl.351 355.6 4.6 4 4.78 4.0m @ 4.78g/t Au
CHDD3657UG 349.9 357 7.1 3.51 1.69 3.5m @ 1.69 g/t Au
CHDD3658UG 303 329 26 21.35 2.65 21.4m @ 2.65 g/t Au
CHDD3658UG Incl.311 323 12 9.85 3.87 9.9m @ 3.87 g/t Au
CHDD3661UG 306 316 10 7.57 3.00 7.6m @ 3.00 g/t Au
CHDD3661UG Incl.311 316 5 3.78 4.98 3.9m @ 4.98 g/t Au
CHDD3662UG 411 464 53 38.67 3.18 38.7m @ 3.18 g/t Au
CHDD3662UG Incl. 425 438.8 13.8 10.06 4.42 10.1m @ 4.42 g/t Au
CHDD3663UG 345.5 418.55 73.05 45.03 4.09 45.0m @ 4.09 g/t Au
CHDD3663UG Incl. 384.4 418 33.6 20.71 4.91 20.7m @ 4.91 g/t Au
CHDD3664UG 356 393 37 22.51 3.52 22.5m @ 3.52 g/t Au
CHDD3664UG Incl.365 386 21 12.77 4.85 12.8m @ 4.85 g/t Au
CHDD3665UG 426 469 43 27.71 5.23 27.7m @ 5.23 g/t Au
CHDD3665UG Incl.429 454 25 16.11 5.95 16.1m @ 5.95 g/t Au
CHDD3667UG 351.4 359 7.6 4.3 2.28 4.3m @ 2.28 g/t Au
CHDD3667UG 385 457 72 41 3.66 41.0m @ 3.66 g/t Au
CHDD3667UG Incl.405 442 37 21 5.66 21.0m @ 5.66 g/t Au
CHDD3667UG Incl.414 424.35 10.35 5.9 10.39 5.9m @ 10.39 g/t Au
Sariehu
CHRC3631D 309.4 320 10.6 9.85 1.88 9.9m @ 1.88 g/t Au
CHRC3632D 459.3 469 9.7 8.27 2.25 8.3m @ 2.25 g/t Au
CHRC3632D 515.25 531 15.75 13.67 2.13 13.7m @ 2.13 g/t Au
CHRC3632D Incl. 516.3 519 2.7 2.5 4.11 2.5m @ 4.11 g/t Au
CHRC3648D 520 566 46 34.67 1.83 34.7 @ 1.83 g/t Au
CHRC3652D 549.5 583.8 34.3 29.19 1.57 29.2m @ 1.57 g/t Au
CHRC3652D Incl. 551 562 11 9.14 2.20 9.1m @ 2.20 g/t Au
CHRC3652D 596.55 616.45 19.9 17.26 3.60 17.3m @ 3.60 g/t Au
From To Interval True
Width Au
Project Hole ID (m) (m) (m) (m) (g/t) Intercept
Sariehu
CHRC3652D Incl. 607 616.45 9.45 8.94 5.47 8.9m @ 5.47 g/t Au
CHRC3668D 538.5 562 23.5 19.68 1.86 19.7m @ 1.81 g/t Au
CHRC3668D Incl.540.4 552.45 12.05 10.09 2.62 10.1m @ 2.62 g/t Au
Magnetic
Hinge
CHRC3640 62 66 4 3.6 1.46 3.6m @ 1.46 g/t Au
CHRC3642 9 13 4 3.53 0.92 3.5m @ 0.92 g/t Au
CHRC3643 47 56 9 8.27 1.42 8.3m @ 1.42 g/t Au
CHRC3643 Incl. 49 54 5 4.96 1.85 5.0m @ 1.85 g/t Au
CHRC3644 86 94 8 7.61 2.00 7.6m @ 2.00 g/t Au
CHRC3646 138 144 6 5.25 3.91 5.3m @ 3.91 g/t Au
CHRC3647D 119 138 19 17.85 1.48 17.9m @ 1.48 g/t Au
CHRC3647D Incl. 120 129.55 9.55 7.36 1.81 7.4m @ 1.81 g/t Au
CHDD3650 168.45 177 8.55 8.01 0.82 8.0m @ 0.82 g/t Au
Suraw CHDD3671UG 282.15 310 27.85 18.26 3.60 18.3m @ 3.60 g/t Au
CHDD3671UG Incl.294 304 10 6.56 5.72 6.6m @ 5.72 g/t Au
Chirano Exploration Highlights Year-to-date
Figure 1.0 - Grade X Width Long Section Plot of year-to-date drilling results from Chirano.
Figure 2.0 - Chirano Geology Map with Highlighted 2025 Drill Intercepts within the Mining Lease
Bibiani Exploration
Results from the ground truthing and initial drill testing are poi nting to successful early-stage discoveries of new
near surface oxide mineralization at Pamunu, Little Mug and Asempaneye prospects, which are currently
undergoing additional drilling to define the full potential.
Detailed geological mapping and rock chip sampling of select targets following the integrated targeting exercise
has led to identification of several targets, confirmati on of the bedrock source of gol d mineralization and further
geological understanding of the host rock and structural controls of gold mineralization in the Yaro-Bredi Domain
on the Asuontaa PL and the Asempaneye–Fawoman-SWT domain of the Bibiani mining license (ML).
Initial drill testing at the Little Mug and Pamunu prosp ects over anomalous soil geochemical (>+ 80ppb) trends
have confirmed the presence of mineralized shear zones (po ssibly 2/3 splay structures) associated with sediments,
intrusive host rocks and disseminated fine grained pyrite.
Figure 3.0 - Little Mug and Big Mug Drilling shown over Au-in-Soil Geochemistry
A total of 126 holes for 19,271m of drilling (RC – 16,639.0m and DD – 2,632.0m) has been completed year-to-date
2025, with an additional 25,000m of RC projected to be drilled in the first half of 2026.
Looking ahead to the fourth quarter 2025 and into 2026, exploration efforts will continue to focus on defining initial
resources at Little Mug, Asempaneye, and the Yaro-Bredi Domain.
Quality Assurance
Asante employs a QA/QC program consis tent with NI 43-101 and industry b est practices. Drilling was conducted
by GTS Drilling Services and Toomahit Drilling Limited and was supervised by the Asante exploration teams.
Selected drill core intervals were sawn in half with a di amond blade saw. Half of the sampled core was left in the
core box and the remaining half was bagged and sealed. A sante utilizes accredited laboratories, and the samples
were transported to either ALS-Kuma si or the Intertek laboratory in Ta rkwa, Ghana. Gold was analyzed by 50-
gram fire assay with Atomic Absorption-finish. Certif ied reference material (CRM) standards and coarse blank
material are inserted every 20 samples.
Qualified Person (“QP”)
The scientific and technical information contained in this news release has been reviewed and approved by Dean
Bertram, Vice President of Geology of Asante, who is a “qualified person” under NI 43-101.
About Asante Gold Corporation
Asante is a gold exploration, develo pment and operating company with a hi gh-quality portfolio of projects and
mines in Ghana. Asante is currently operating the Bibiani and Chirano Gold Mines and continues with detailed
technical studies at its Kubi Gold Project. All mines and exploration projects are located on the prolific Bibiani and
Ashanti Gold Belts. Asante has an e xperienced and skilled team of mine finders, builders and operators, with
extensive experience in Ghana. Th e Company is listed on the TSX Vent ure Exchange and the Ghana Stock
Exchange. Asante is also exploring its Keyhole, Fahiakoba and Betenase projects for new discoveries, all adjoining
or along strike of major gold mines near the centre of Ghana’s Golden Triangle. Additional information is available
on the Company’s website at www.asantegold.com.
For further information please contact:
Dave Anthony, President & CEO
Frederick Attakumah, Executive Vice President and Country Director
+1 604 661 9400 or +233 303 972 147
Cautionary Statement on Forward-Looking Statements
Certain statements in this news rel ease constitute forward-looking statements or forward-looking information. All
statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking
statements or information in this ne ws release relate to, among other th ings: exploration results, exploration
potential, potential resource expansion, potential mine lif e extension, timing of updated technical reports and
quantity of planned drilling for the remainder of 2025. These forward-looking statements and information reflect
the Company’s current views with respect to future events and are necessarily based upon a number of assumptions
that, while considered reasonable by the Company, are inherently subject to significant operational, business,
economic and regulatory uncertainties a nd contingencies. These assumptions include: the impact of inflation and
disruptions to the global, regional and local supply chai ns; tonnage of mineralized material to be mined and
processed; future anticipated prices for gold and assumed foreign exchange rates; the timing and impact of planned
capital expenditure projects, including anticipated sustaining, project, and exploration expenditures; risks related to
increased barriers to trade, including tariffs and duti es; ore grades and recoveries; capital, decommissioning and
reclamation estimates; our mineral reserve and minera l resource estimates and the assumptions upon which they
are based; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-
related disruptions at any of our opera tions; no unplanned delays or interru ptions in scheduled production; all
necessary permits, licenses and regulatory approvals for our operations are received in a timely manner; our ability
to secure and maintain title and ownership to mineral properties and the surface rights necessary for our operations,
including contractual rights from third parties and adj acent property owners; whether the Company is able to
maintain a strong financial condition and have sufficient cap ital, or have access to capital, to sustain our business
and operations; and our ability to comply with environm ental, health and safety laws. The foregoing list of
assumptions is not exhaustive.
Forward-looking statements involve risks, uncertainti es and other factors that could cause actual results,
performance, prospects, and opportunities to differ mate rially from those expressed or implied by such forward-
looking statements. Factors that could cause actual r esults to differ materially from these forward-looking
statements include, but are not limited to, the duration and effect of local and world-wide inflationary pressures and
the potential for economic recessions; fluctuations in the price of gold; fluctuations in currency markets; operational
risks and hazards inherent with the business of mining (i ncluding environmental accidents and hazards, industrial
accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and
severe weather); risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties
with whom the Company does business; inadequate insurance, or inability to obtain insurance, to cover these risks
and hazards; employee relations; relationships and claims by local communities; changes in laws, regulations and
government practices in the jurisdictions where we operat e, including environmental, export and import laws and
regulations; changes in national and local government, legisl ation, taxation, controls or regulations and political,
legal or economic developments in countries where the Company may carry on business, including legal restrictions
relating to mining, risks relating to expropriation; varia tions in the nature, quality and quantity of any mineral
deposits that may be located, the Comp any’s inability to obtain any necessary permits, consents or authorizations
required for its planned activities, the Company’s inability to raise the necessary capital or to be fully able to
implement its business and growth strategies, and those ri sk factors identified in the Company’s management’s
discussions and analysis and the most recent annual inform ation form. The reader is referred to the Company’s
public disclosure record which is available on SEDAR (www.sedarplus.ca). Although the Company believes that
the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should
not be placed on these statements, which only apply as of th e date of this news release, and no assurance can be
given that such events will occur in the disclosed time frames or at all. Except as required by securities laws and
the policies of the securities exchanges on which the Company is listed, the Company disclaims any intention or
obligation to update or revise any forward-looking statement, whether as a result of new information, future events
or otherwise.
LEI Number: 529900F9PV1G9S5YD446. Neither IIROC nor any stock exchange or other securities regulatory
authority accepts responsibility for the adequacy or accuracy of this release.