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Asanko Gold Drills 57 Meters at 3.0 g/t Gold at Tontokrom
VANCOUVER, British Columbia, April 30, 2019 (GLOBE NEWSWIRE) -- Asanko Gold Inc. (“Asanko” or the “Company”) (TSX, NYSE American: AKG) is pleased to announce fu
About this update from Galiano Gold, Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, April 30, 2019 (GLOBE NEWSWIRE) -- Asanko Gold Inc. (“Asanko” or the “Company”) (TSX, NYSE American: AKG) is pleased to announce further drill results from the Phase 1 drilling program at the Tontokrom exploration target, part of the Asanko Gold Mine (“AGM”) concession 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. Please refer to the news release dated April 8, 2019 for the results from the first six holes of Phase 1, also included in the summary below. Highlights - Tontokrom Target Drilled 10 holes consisting of 3,140m total (1,080m reverse circulation and 2,060m diamond drill) Hole TTPC19-008 intersected 74m at 1.9 grams per tonne gold from 185m Hole TTPC19-009 intersected 57m at 3.0 grams per tonne gold from 99m Hole TTPC19-010 intersected 44m at 1.7 grams per tonne gold from 191m Mineralization open along strike to the southwest and plunging north Extending Phase 1 program with additional six drill holes planned to step out a further 250m along strike to the southwest Commenting on the drilling program, Greg McCunn, Chief Executive Officer, said: “The drilling program at Tontokrom continues to deliver exceptional results, clearly demonstrating this deposit has encouraging widths of mineralization and grade in multiple parallel zones. With the deposit still open along strike, Tontokrom has the potential to become a bulk tonnage, open pit source of ore feed for the existing milling operations at the AGM. As a result of the success, we have decided to expand the Phase 1 program to test the length of the strike along the southwest. Once the additional Tontokrom drilling has been completed, we expect to start the 5,000 meter drilling program at the Fromenda target soon afterwards, which will seek to confirm the encouraging historic drill results over a strike of 600m.” Tontokrom TargetThe Tontokrom target is located approximately 10km south of the AGM processing plant on the Miradani Mining Lease, It is situated along the Fromenda shear structure, part of the prominent northeast southwest Asankrangwa structural corridor which hosts all nine of AGM’s gold deposits. The area is highly prospective and the site of numerous historic small scale and alluvial mining operations along multiple mineraliz...