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Asanko Gold Announces Q1 2019 Production Results
VANCOUVER, British Columbia, April 04, 2019 (GLOBE NEWSWIRE) -- Asanko Gold Inc. (“Asanko” or the “Company”) (TSX, NYSE American: AKG) announces production resu
About this update from Galiano Gold, Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, April 04, 2019 (GLOBE NEWSWIRE) -- Asanko Gold Inc. (“Asanko” or the “Company”) (TSX, NYSE American: AKG) announces production results for the first quarter (“Q1”) 2019 from the Asanko Gold Mine (“AGM”), located in Ghana, West Africa. The AGM is a 50:50 joint venture (“JV”) with Gold Fields Ltd (JSE, NYSE: GFI) which is managed and operated by Asanko. All dollar figures are US$ unless otherwise stated. AGM Q1 Highlights (100% basis): Produced 60,425 ounces of gold Mined 1.51 million tonnes (“Mt”) of ore, including 0.39Mt of ore from the Esaase pit Processed 1.22Mt of ore with an average gold grade of 1.6 grams per tonne (“g/t”) Continued strong safety performance with no lost time injuries during the quarter “The AGM had a solid start to the year with over 60,000 ounces produced in Q1 despite this quarter containing seven less operating days due to a change in our production calendar to bring it into line with Gold Fields. As a result, we are well on track to achieve our 2019 annual guidance of 225,000 to 245,000 ounces” commented Peter Breese, President and Chief Operating Officer. “We are pleased with the ramp up of the mining and trucking operation at Esaase and are now mining at the planned mining rates of 350,000 - 450,000 tonnes per month. We expect to continue with our development timetable at Esaase with some key infrastructure projects set to commence this quarter.” Health and Safety There were no lost time injuries (“LTI”) reported during the quarter. As at March 31, 2019, the mine achieved over two years without an LTI. Production During the quarter, the AGM sourced ore predominantly from the Nkran, Esaase and Dynamite Hill pits with minor amounts of ore coming from Akwasiso and Nkran Extension. At Nkran, waste mining operations focussed on the western pushback, which is scheduled for substantial completion in Q3 2019. During the quarter 3.84Mt of waste and 0.80Mt of ore at a gold grade of 1.4 g/t were mined from the Nkran pit. The Esaase pit delivered 0.39Mt of ore at a gold grade of 1.3 g/t with 0.78Mt of waste mined. The processing plant milled 1.22Mt at a gold grade of 1.6 g/t during the quarter with metallurgical recovery averaging 93%. In order to align the AGM reporting schedule with the JV partner’s corporate schedule, the timing to ...