Asante Gold Corporation · TSXV:ASE
Asante Gold — Investor Presentation (March 2012)
24 slides from Asante Gold's investor presentation, March 2012
Slide 1: Where Did All That Alluvial Gold Come From?
DISCOVERING GOLD IN WEST AFRICA WHERE DID ALL THAT ALLUVIAL GOLD COME FROM? March 2012 TSXV: ASE 1
Slide 2: Asante Gold Corporation
asante GOLD CORPORATION
Slide 3: Asante Gold - Mission Statement
ASANTE GOLD ‐ MISSION STATEMENT • To explore our initial project at Fahiakoba, Fahiakoba in Ghana Ghana, adjoining Perseus Mining’s (TSX: PRU) new 288,000 oz per yyear Edikan Mine p • To create a West African gold exploration and development company focused on sustainable, long life, low environment
Slide 4: West Africa - World's #2 Gold Producing Region
WEST AFRICA – World’s #2 Gold Producingg Region g • Hosts numerous +10 million ll ounce deposits: Obuasi, Tasiast, Tarkwa, Syama, Akyem, y , Ahafo,, Sadiola,, Loulo and Morilla • Annual production of 11 Moz expected by 2015 • Sub Saharan Africa economic growth now exceeding 5% annually and expected
Slide 5: Fahiakoba - At Centre of Ghana's Golden Triangle
FAHIAKOBA – At Centre of Ghana’s Golden Triangle g • One of the most gold endowed areas on Earth with ~200 million ounces of gold resources* • Asante Gold’s Gold s Fahiakoba 22.07 22 07 sq km concession is between Perseus Mining’s (TSX: PRU) 5.3 Moz. Edikan Mine and AngloGold Ashanti’s 66 Moz Obuasi
Slide 6: Fahiakoba - on strike between Perseus and AngloGold Ashanti mines
FAHIAKOBA – on strike between Perseus and AngloGold A h ti mines Ashanti i • Nearest Perseus goldl deposit 3 km along strike to SW; Edikan mill 8 km to SW S • Extensive alluvial gold operations along Ofin River • Asante Gold 100% option interest subject to 5% Government and 3% underlying NSR • Excel
Slide 7: Large Scale Gold Dredge on the Ofin River, 1963
LARGE SCALE GOLD DREDGE ON THE OFIN RIVER RIVER, 1963 • Dredge operations based in Dunkwa during the 20th Century processed 295 million cubic yards of gravel and recovered 1.45 Moz of gold (Griffis et al, Gold Deposits of Ghana, Minerals Commission, 2002); photo compliments: http://www.sunergygold.c
Slide 8: Current Small Scale Alluvial Operations on Fahiakoba
CURRENT SMALL SCALE ALLUVIAL OPERATIONS ON FAHIAKOBA • 767,000 767 000 ounces produced in 2010 from licensed small scale operations in Ghana • More than 300,000 Ghanaians directly involved in small scale/galamsey l / l mining i i benefiting millions of local Ghanaians 8
Slide 9: Corporate Developments
CORPORATE DEVELOPMENTS • May 2011: Asante Gold incorporated in Canada; June ‐ Fahiakoba project in Ghana acquired; closed $415,000 private financing • July to August 2011: closed $1.45 million private financing; completed exploration program consisting of airborne ggeophysical p y survey, y, geologi
Slide 10: View of Alluvial Covered Areas
VIEW OF ALLUVIAL COVERED AREAS 10
Slide 11: Geological Mapping: Heavy Vegetation masks geology
Geological Mapping: Heavy Vegetation masks geology – l less th than 0 0.5% 5% outcrop t 11
Slide 12: Geophysics - A Better Way to Explore
GEOPHYSICS – A BETTER WAY TO EXPLORE 12
Slide 13: Geophysical Linears Outlined on Strike with Known Gold Trends at Perseus
GEOPHYSICAL LINEARS OUTLINED ON STRIKE WITH KNOWN GOLD TRENDS AT PERSEUS • Northeasterly magnetic trends map Akropong deformation zone which is associated with gold mineralization at nearby Edikan Mine • Host rocks are favorable Birimian meta‐sediments 13
Slide 14: VTEM Conductors Defined - within shear zones
VTEM Conductors Defined – within shear zones • 20 km of favorable NE shear zones on concession • VTEM conductors are associated with major gold mineralization elsewhere in Ghana • Anomalous gold noted in alluvial pit 14
Slide 15: VTEM - CDI conductivity depth inversion sections
VTEM – CDI conductivityy depth p inversion sections N • Structures St t mapped d tto depths of +400 metres • Major faults/thrusts and folds outlined • Drill ready targets, structural breaks and traps, defined Section L10250N 15
Slide 16: VTEM Survey - 3D Conductivity Model
VTEM SURVEY – 3D Conductivity Model Bi d’ eye view Bird’s i looking l ki NE ffrom P Perseus Edikan Edik mine i Galamsey Pit 2.05g/t Au grab 16
Slide 17: Small Scale Alluvial Pit, 2.05 g/t Au grab sample
Small Scale Alluvial Pit,, 2.05 g/ g/t Au ggrab sample p 17
Slide 18: Exploration Results
EXPLORATION RESULTS • Geophysical surveys indicate that deep seated structures, which are associated with gold mineralization at the nearby Edikan mine, strike through the Fahiakoba concession • Results esu s from o 1,008 ,008 sa samples p es (2,304 ( ,30 metres e es in 531 53 auger auge so soil d d
Slide 19: Auger Drilling: Tube Sampling
Auger g Drilling: g Tube Sampling p g 19
Slide 20: Capital Structure
CAPITAL STRUCTURE Founder Shares $0.01 $0 01 $ 23,250 23 250 2,325,000 2 325 000 11.65% 11 65% Seed Share Units $0.05 $ 391,750 7,835,000 39.25% (1 share + 1 two year $0.25 wt) Seed Shares $0.25 $ 1,450,250 5,801,000 29.06% IPO* $0.50 $ 2,000,000 4,000,000 20.04% $ 3,865,250 19,961,000 100.0% Fullyy
Slide 21: Board of Directors / Officers
BOARD OF DIRECTORS / OFFICERS • Douglas R. MacQuarrie, President P.Geo.BC, B.Sc. Geology Geophysics, UBC Director and co‐founder. 38 years’ mineral exploration experience, last 19 years in West Africa; responsible for discovery and acquisition of significant gold deposits in Canada and in Ghana. Rec
Slide 22: Contact Information
CONTACT INFORMATION Canada Ghana 5 Roman Road Suite 206, 595 Howe Street Roman Ridge, Accra, Ghana Vancouver, BC, V6C 2T5 Tel: +233 302 214 032 Fax: +233 302 214 010 Tel: +1 604 558 1134 Fax: +1 604 558 1136 Mobile: +233 246 327 934 CAN/US Toll Free: +1 877 339 7525 Douglas MacQuarrie, President Tel
Slide 23: Disclaimer
DISCLAIMER THE INFORMATION IN THIS POWERPOINT IS PROVIDED FOR INFORMATION PURPOSES ONLY. CAUTIONARY STATEMENT ON FORWARD‐LOOKING INFORMATION All statements, other than statements of historical fact, contained or incorporated by reference in or made in giving this presentation, including any informat
Slide 24: Asante Gold Corporation - TSXV: ASE
asante GOLD CORPORATION asantegold.com TSXV: ASE