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Asanko Gold Reports Positive Exploration Results
VANCOUVER, British Columbia, April 08, 2019 (GLOBE NEWSWIRE) -- Asanko Gold Inc. (“Asanko” or the “Company”) (TSX, NYSE American: AKG) is pleased to announce in
About this update from Galiano Gold, Inc.
[{"type":"text","content":" VANCOUVER, British Columbia, April 08, 2019 (GLOBE NEWSWIRE) -- Asanko Gold Inc. (“Asanko” or the “Company”) (TSX, NYSE American: AKG) is pleased to announce initial drill results from the Tontokrom exploration target, part of the Asanko Gold Mine (“AGM”) concession area 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. Drilling Highlights - Tontokrom Target Hole TTPC19-001 intersected 13.0m at 2.62 grams per tonne gold from 128m Hole TTPC19-002 intersected 22.0m at 1.24 grams per tonne gold from 156m Hole TTPC19-002 intersected 39.0m at 1.82 grams per tonne gold from 189m Hole TTPC19-004 intersected 12.0m at 1.45 grams per tonne gold from 199m Hole TTPC19-006A intersected 11.8m at 1.69 grams per tonne gold from 182m Hole TTPC19-006A intersected 22.9m at 1.48 grams per tonne gold from 242m Hole TTPC19-006A intersected 16.4m at 2.38 grams per tonne gold from 280.6m Commenting on the drilling program, Greg McCunn, Chief Executive Officer, said: “The results from the Phase 1 drilling program at Tontokrom are very encouraging, with results from six of the nine holes drilled confirming the consistency of mineralization along the shear corridor. We believe there is a strong potential for a major discovery at the South Camp and I’m pleased to see the commitment to exploration by our joint venture. We will shortly commence initial drilling on our second target, Fromenda, where historical drilling by a previous owner shows significant promise. The planned 5,000 meter program is designed to both confirm and expand upon previous drilling.” Exploration StrategyThe AGM JV holds a major land package of 21,300 hectares on the Asankagrawa Gold Belt. In 2017, the Company undertook a prospectivity analysis assessing the potential of identified exploration targets based on structural architecture, geochemistry, geological mapping and topography. An exploration strategy was developed, in collaboration with our JV partner, to test high priority targets in order to replace mining depletion with resources near existing mining operations and infrastructure as well as test potential new discoveries. In 2019, the JV plans to spend US$8 million on exploration including approximately 10,000 metres of drilling as well as additional geoc...