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Asante Gold Announces Start of Mining at the Russel Starter Pit at the Bibiani Gold Mine
VANCOUVER, British Columbia, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE: ASE | GSE:ASG | FRANKFURT:1A9 | U.S.OTC:ASGOF) (“Asante” or the “C
About this update from Asante Gold Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE: ASE | GSE:ASG | FRANKFURT:1A9 | U.S.OTC:ASGOF) (“Asante” or the “Company”) is pleased to announce that, following receipt of all necessary permits from Ghanaian authorities, delivery of first mineralized material from the Russel Starter Pit to the Process Plant at the Bibiani Gold Mine has been achieved. Located 3.8 kilometres from the Bibiani process plant, the Russel deposit contains 119,000 ounces of measured and indicated gold resources (open pit) at a grade of 1.80 grams per tonne*, with mineralogy similar to the Bibiani Main Pit. “This is the third satellite pit explored, defined and optimized by Asante since acquiring the Bibiani properties, and the start of production at Russel represents another successful milestone on our journey to grow Asante’s production to more than 500,000 ounces by 2028,” stated Dave Anthony, President and CEO, who added, “Approval for mining at Russel follows other major catalysts, including the re-routing of the Bibiani-Goaso highway, which will allow us to access additional oxide mineralized material, and further progress on the construction of the Bibiani sulphide treatment plant. Once fully ramped-up, Bibiani-Chirano will be the seventh largest gold producing district in Africa and the only Tier One Gold District in Africa held outside of a major gold producer.” Highlights First oxide mineralized material has been mined from the upper benches of the Russel Starter Pit on September 17, 2024 Timely issuance of permits follows extensive engagement with the local communities, traditional leaders and other stakeholders, underscoring strong support from Asante’s community partners and government regulators for the project. On September 10, 2024, the Ghana Environmental Protection Agency (“EPA”) granted Asante Gold Bibiani Limited a supplementary permit to undertake mining at the Russel Pit. This satisfies a key pre-condition to extending the Mine Operating Plan southward to Russel. Subsequently, on September 16, 2024, the Minerals Commission of Ghana issued an updated Mine Operating Permit to include operations at Russel. Vuluxx Company Limited (“Vuluxx”), a local Ghanaian contractor, was engaged to complete site preparation work, which is well advanced and includes construction of a one-kilometre h...