Company Announces Commencement of Drilling on Fahiakoba Gold Project, Ghana

About this update from Asante Gold Corporation

[{"type":"text","content":"\n\n\n\n\n\n/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO\n U.S. NEWS AGENCIES/\n\n\nVANCOUVER, March 12, 2012 /CNW/ - (TSX.V: ASE), Douglas MacQuarrie, president, announces that drilling has commenced on\n the Company's flagship Fahiakoba property in Ghana. The program\n consists of 5,000 metres of diamond drilling designed to test major\n structures to the northeast of Perseus' Edikan mine. The structures are\n in alluvial covered areas and have been outlined by geophysical \n surveys.\n\n\nFahiakoba is a 22.07 sq km prospecting license located on strike with\n and between Perseus Mining's 4.32 million ounce (gold reserves &\n resources) Edikan Mine and AngloGold Ashanti's 60 million ounce\n (reserves & resources of 9.52 and 35.41 million ozs, and historical\n production of ~31 million ozs) Obuasi mine. The latter is the longest\n producing, highest grade and largest gold resource in West Africa.\n\n\nAsante Gold holds a 100% interest in the Fahiakoba gold concession thru\n an option agreement with Goknet Mining Company Limited of Accra which\n holds the prospecting license, and is subject to 5% Government and 3%\n underlying NSR interest.\n\n\nON BEHALF OF THE BOARD,\n\n\n\"DOUGLAS MACQUARRIE\"\n\n\nPRESIDENT\n\n\nThis news release includes certain forward-looking statements or\n information.  All statements other than statements of historical fact\n included in this release, including, without limitation, statements\n relating to the expected listing of shares, removal of the trading\n halt, the expected timing of the removal of the halt, Exchange\n approvals, the use of proceeds, timing and results of proposed\n exploration programs, and other future plans, objectives or\n expectations of the Company are forward-looking statements that involve\n various risks and uncertainties.  There can be no assurance that such\n statements will prove to be accurate and actual results and future\n events could differ materially from those anticipated in such\n statements.  In making the forward-looking statements in this news\n release, the Company has applied certain factors or assumptions that it\n believes are reasonable, including that the Company will obtain\n Exchange approval, that it will be able to obtain necessary equipment,\n supplies, personnel and approvals for its explorat...

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