Asante Gold Corp.

Asante Gold Corp. announces a high-grade gold discovery in initial drilling at its South Russel prospect. The discovery is located on the Company's Bibiani mining lease, 3.8 km from the Process Plant. The discovery hole, MGRCD21-047, returned 16m @ 5.75 g/t Au, and was spotted to test anomalous geophysical responses outlined from our ongoing property wide surveys. The gold mineralized system is open in all directions with [...]

Asante Gold Corp. is pleased to announce that David Anthony has been appointed President and CEO replacing Douglas MacQuarrie who has been appointed non-executive Chairman of the Company. David Anthony has +40 years' experience in mine project development and operation. His experience includes mine and process plant design, permitting, construction and operation. He has also worked in Canada, Ecuador, Brazil, Indonesia [...]

Asante Gold Corp. is pleased to announce that following a successful Public Hearing, the Company has received the updated Environmental and Mine Operating Permits necessary to commence open pit mining activities at Bibiani, Ghana's newest mine. Open Pit Mining Operations have started, with focus on delivery of ore from the Strauss and Walsh satellite pits. The #1 Cutback at the Main Pit has also started. Refurbishment of [...]

Asante Gold Corp. is pleased to announce that it has accepted subscriptions aggregating CAD$101.98 million in connection with the previously announced private placement of common shares of the Company at a price of CAD$1.75 per common share . Included in the subscribers are the Ghana Minerals Income and Investment Fund that subscribed for 14,514,286 common shares and Emiral Resources Limited that subscribed for an [...]

Asante Gold Corp. is pleased to announce that it has received significant investor interest in a private placement of common shares of the Company to raise up to US$100 million at a price of CAD$1.75 per common share. All securities issued will be subject to a four month and one day hold period under Canadian securities legislation. Closing is expected by February 18, 2022. Emiral Resources Limited , which currently holds [...]

Asante Gold Corp. announces the appointment of Jon Grygorcewicz as Chief Financial Officer following the recent retirement of Philip Gibbs. The appointment of Mr. Grygorcewicz brings extensive debt market, treasury and operational financial management experience to the Company's executive management and mine development teams. Mr. Grygorcewicz has over 30 years financial management experience, gained within Australian and [...]

Asante Gold Corp. announces that Mohammad Alothman and Alexander Smirnov have been appointed to the Board of Directors. Mr. Alexander Smirnov is the CEO of Emiral Resources Ltd. He has 12 years of business experience in natural resource development, with degrees in finance and oriental studies from leading universities in Russia and is an Executive MBA candidate at London Business School. Mr. Smirnov is overseeing the [...]

Asante Gold Corp. announces that the contract to conduct mining activities at the Bibiani Mine has been awarded to PW Mining , and mobilization to site has commenced. Open Pit Mining Operations will start in February, to include development of satellite pits and provide feed material to the Process Plant from Q2 2022. Main pit development, to its planned ultimate +350 metres depth in 2029, includes a 4-stage cut back [...]

Asante Gold Corp. is pleased to announce significant gold intercepts from its ongoing near mine exploration drill program at its Bibiani Gold Mine in Ghana. Asante initiated the exploration program in late September 2021. This program includes extensive induced polarization and ground magnetic surveys across the entire lease, RC and diamond drilling, plus a high-level structural geology review targeting near mine areas [...]

Asante Gold Corp. is pleased to announce that all activities planned to bring its' Bibiani Mine into production in Q3 2022 are on track. Asante is preparing a plan to deliver a mine that can produce approximately 190,000 ounces of gold at Bibiani in its first 12 months of operation and circa 240,000 ounces every year thereafter for a minimum of 6 years. Tenders have been invited for the selection of a Mining Contractor [...]