Viking Ashanti plunders multiple gold zones

/in /by

THE DRILL SERGEANT: Perth-based Viking Ashanti has intersected multiple zones of gold mineralisation from the first drilling program on the southwest extension of its Akoase East project.

The 500,000 ounce Akoase East gold project is located in Ghana, West Africa.

The first ten Reverse Circulation holes drilled on the southwest extension of the Akoase East gold project all hit encouraging gold intersections including:

– 5m at 3.06 grams per tonne gold, 6m at 1.36 g/t gold, and 15m at 1.51 g/t gold.

Viking Ashanti said the results confirm the potential for extending the existing resource along strike to the southwest.

Other intersections received by the company from this round of drilling include:

– 5m at 3.06 g/t gold and 3m at 1.21 g/t gold;

– 6m at 1.36 g/t gold; and

– 15m at 1.51 g/t gold and 1m at 3.13 g/t gold.

“These holes demonstrate that multiple zones of shallow mineralisation continue for at least 400 metres southwest and immediately along strike of the current resource at Akoase East, and at grades and widths comparable to the existing Akoase East resource,” Viking Ashanti said in its release to the Australian Securities Exchange.

“The company believes excellent potential exists for further extensions of the current resource in this area.”

So far the company has completed 24 holes of a planned 48 RC hole program at 100 metre line spacing.

The remaining holes will be drilled at 200m line spacing along strike to the southwest.

A further 4 strike kilometres of the main Akoase structural trend extending to the southern boundary of Viking Ashanti’s licence area remains to be drill tested.

The company indicated this will done following completion of this current program.

“Viking Ashanti’s primary objective since listing remains to increase the existing 500,000 JORC classified resource at Akoase East and with contributions from its other Ghanaian gold projects including West Star and Blue River, build a gold resource inventory of more than one million ounces by mid-2012,” the company said.