Drill Program Planned ON New Targets Keyhole GOLD Option Ghana
DRILL PROGRAM PLANNED ON NEW TARGETS
KEYHOLE GOLD OPTION GHANA
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES
FOR IMMEDIATE RELEASE January 18, 2017
Vancouver, British Columbia – January 18, 2017 – Asante Gold Corporation ( CSE:ASE/
FRANKFURT:1A9/OTC:ASGOF) ("Asante” or the “ Company") announces that it has
compiled the data from the first of a series of ground geophysical IP (Induced
Polarization/Resistivity) surveys to be completed at its Keyhole Gold option property in Ghana.
Seven distinct linear trending IP zones have been outlined which are interpreted to represent
areas with increased sulfide mineralization. Sulfide concentrations (relative high IP values) in
this structurally favourable Keyhole area are considered to be prime drill targets. The IP map is
available at: http://www.asantegold.com/assets/img/memipnr18jan17.jpg and the Resistivity map at:
http://www.asantegold.com/assets/img/memres-_nr18jan17.jpg .
IP was chosen as the preferred technique to outline high potential drill targets given the strong
association of gold with sulfi de mineralization in the Asankrangwa gold belt, such as at the
Asanko (Obotan) gold mine located 40 km along the belt to the northeast. The subdued
topography, extensive and locally thick alluvial cover, and heavy weathering and laterization
mask mineralization from detection by the direct prospecting , trenching and soil geochemical
methods which were used by previous explorers in the area.
Drill collars to test the outlined targets for gold mineralization are being selected for a proposed
1200 metre diamond drilling program, planned to commence in early February 2017.
One of the proposed high IP drill targets corresponds with large angular quartz reef float noted in
the heavily galamsey disturbed area of the historical MEM showing – where significant gold
values were previously reported: http://www.asantegold.com/assets/img/img_20161210_001315.jpg .
Please see our September 18, 2016 news release http://www.asantegold.com/news/asante-acquires-
strategically-located-keyhole-gold-project-ghana and website http://www.asantegold.com/projects/keyhole-option
for further information.
On behalf of the Board,
"Douglas R. MacQuarrie"
President and CEO
2
Scientific and technical information contained in this news release has been supervised, 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 (“QP") under NI 43-101. The IP survey was completed and data compiled by Fred Akosah, MSc.
Geophysics, a registered geophysicist - Ghana Institution of Geoscientist’s (GhIG) utilizing a 2.5kw time domain IP
system; pole dipole configuration n=1 to 6 ; 50 metre dipole separation; 25 metre station separation.
About Asante Gold Corporation
Asante and BXC Company (Ghana) Limited have entered into a C$19.5 million joint venture, subject to final
closing, to develop our Kubi Gold Mining Leases as a potential near term underground operation; and Asante is
exploring the Keyhole and Betenase options, the Fahiakoba and other concessions, all adjoining 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]
Doreen Kent, Shareholder Communications, tel: +1 604-948-9450; E-mail: [email protected]
Kirsti Mattson, Media Relations, tel: +1 778-434-2241; E-mail: [email protected]
Rebecca Greco, Business Development, tel: +1 416-822-6483; E-mail: [email protected]
Florian Riedl-Riedenstein, Director; European Investor Relations, E-mail: [email protected]
This news release contains statements of forward -looking information (or "FLI") including those in respect of future
exploration, joint venture, development, permitting and mining at Kubi and the other properties in which the
Company has an interest. FLI involves risks and uncertainties which could cause actual results to vary from the FLI..
The Company undertakes no obligation to update FLI except as required by applicable law. Such information
represents management's best judgment based on information currently available. Readers are advised not to place
undue reliance on FLI.
Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the
adequacy or accuracy of this release.