Asante Gold Corp. announces that assays have been received for the first hole of a three-hole geotechnical drill program at our Kubi Gold project in Ghana. DDHK21-001 was collared approximately 100m to the north of the Kubi Pit, near the middle of the *Kubi Main Mineral Resource. On this section gold mineralization has been previously outlined to a depth of 450m, the gold is free milling, and occurs within a near vertical [...]
Asante Gold Corp. announces a private placement to accredited and exempt investors of up to 33,333,333 units at CAD$0.15 per unit , for gross proceeds of up to CAD$5.0 million. Each Unit will consist of one common share of the Company , and one Common Share purchase warrant . Each Warrant will entitle the holder to purchase one additional Common Share at an exercise price of CAD$0.25 at any time during the 24 months [...]
Asante Gold Corp. announces the appointment of Mr. Edward Abrokwah as an advisor to the Board of Directors. Mr. Abrokwah has agreed to join with us to assist the Company with its proposed co-listing on the Ghana Stock Exchange and inter-Governmental relations. He has worked since 2008 with the Ministry of Finance, Ghana, first as a Technical Consultant and currently as Principal Economist. He has worked in various [...]
Asante Gold Corp. announces that a diamond drill rig from Toomahit Drilling has arrived on site and will complete a program of ~300m of HQ core drilling in three holes. These holes are planned to intersect the Kubi Main mineralized zone at depths from 30m to 120m below surface, and give long intersections of mineralization for testing purposes. Previous drilling on this section has shown the mineralization to be near [...]
Asante Gold Corp. is pleased to announce that we have engaged Black Star Advisors Limited of Accra Ghana to act as our Financial Advisor in connection with the Company's proposed secondary listing on the Ghana Stock Exchange. In connection with this listing, and on the basis of the strong interest so far received, the Company will seek to raise up to US$3million on terms to be determined in the context of the market at [...]
Asante Gold Corp. are pleased to announce we are nearing the completion of our previously announced program of trenching and auger drilling of the Kubi 513 zone, with laboratory results now expected in Q1 2021. In addition, a program of induced polarization geophysics has been completed on our Fahiakoba concession and significant anomalies have been recorded, such that plans are now being drawn up for a follow up drill [...]
Asante Gold Corp. announces that Nadia Abdul Aziz has been appointed a Director of the Company, effective immediately. In addition, Dr. Abdel-Majeed Haroun has stepped down and has agreed to continue to assist the company as a Special Advisor and Consultant. The Board thanks Dr. Haroun for his service to the Company and shareholders and wish him success in his future endeavours. Mrs. Aziz who is a resident in Accra, Ghana [...]
Asante Gold Corp. announces that it has closed the working capital private placement announced October 19, 2020, for aggregate gross proceeds of $1,350,000. A total of 13,500,000 units at a price of $0.10 per unit were placed with two subscribers. Each unit consists of one common share of the Company, and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at an [...]
Asante Gold Corp. announces a private placement to accredited and exempt investors of up to 13,000,000 units at $0.10 per unit , for aggregate gross proceeds of up to $1,300,000. Each Unit will consist of one common share of the Company , and one Common Share purchase warrant . Each Warrant will entitle the holder to purchase one additional Common Share at an exercise price of $0.22 at any time during the 24 months [...]
Asante Gold Corp. announces that it has accepted oversubscriptions and closed the working capital private placement announced September 4, 2020, for aggregate gross proceeds of $301,750. A total of 3,017,500 units at a price of $0.10 per unit were placed. Each unit consists of one common share of the Company, and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at [...]
Asante Gold Corp. announces a private placement to accredited and exempt investors of up to 2,000,000 units at $0.10 per unit , for aggregate gross proceeds of up to $200,000. Each Unit will consist of one common share of the Company , and one Common Share purchase warrant . Each Warrant will entitle the holder to purchase one additional Common Share at an exercise price of $0.15 at any time during the 24 months following [...]
Asante Gold Corp. announces that the Company will soon commence a trenching program at our ‘513 Zone’ located 1.2km to the south west of the Kubi Main Gold resource1 on the Kubi Mining Lease, Ghana. This target is on the eastern margin of the main Ashanti shear zone – a major gold mineralizing structure that hosts numerous large mines including the nearby 66Moz AngloGold Ashanti Obuasi mine. The Company recently completed [...]
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