June 10, 2014
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES
Vancouver, British Columbia — June 10, 2014 — ASANTE GOLD CORPORATION (TSX.V:ASE/FRANKFURT:1A9)
(the “Company”) announces that it has acquired a 2% net smelter returns
royalty (‘NSR’) interest in the SENECA 1 to 8 claims, Harrison Lake
area, British Columbia, CANADA (the ‘NSS Property’).
The NSS Property consists of 201 units covering an area of 4,231
hectares. It surrounds four claims that cover the historical Seneca
Deposit and two claims that cover the Vent Zone (these six third party
claims total 150 hectares and are referred to as the ‘Adjacent
Property’). Neither the Seneca Deposit nor the Vent Zone are a part of
the NSS Property or the NSR royalty.
The Seneca Deposit and the general area have been the subject of
considerable mineral exploration since the 1920’s when Kuroko style
massive sulfide Au, Ag, Cu, Pb and Zn mineralization was first
discovered. Since then, major mining companies including Noranda,
Cominco, Chevron, BP Selco, and Minnova and several junior explorers
have at various times held options and explored the claims area.
Published historical non NI43-101 compliant resources for the Adjacent
Property on which the Seneca Deposit is located are 1.506 million tonnes
at 0.82 g/t Au, 41.13 g/t Ag, 0.63% Cu, 0.15% Pb, and 3.57% Zn.
Based on assessment reports filed with the BC Ministry of Energy and
Mines, numerous drill holes, geochemical, ground and airborne
geophysical surveys have been completed. Drilling at the ‘Fleetwood
zone’ (which is on 100% owned NSS Property located 3.0 km northwest of
the Seneca Deposit) reported 31.2 metres of stockwork type
mineralization at a depth of 153 metres grading 2.1 % Zn, 0.3% Cu, 0.1%
Pb, 8.1 g/t Ag and 0.1 g/t Au; and at the 33 Zone located 350 metres to
the southwest, a 2 metre drill intersection of massive Zn and Cu
sulfides was noted. Technical information contained in this news
release has been reviewed and approved by Douglas R. MacQuarrie, P.Geo.
(B.C.) Geology & Geophysics, the President and CEO of the Company,
who is a “qualified person” under NI 43-101.
The royalty was acquired from NSS Resources Inc., a private British
Columbia company, pursuant to a finder’s fee agreement. NSS Resources
Inc. and the Company have two common directors.
On behalf of the Board,
“Douglas R. MacQuarrie”
President and CEO
About Asante Gold Corporation
Asante Gold Corporation (TSX.V:ASE/FRANKFURT:1A9) is a Vancouver based
gold exploration and royalty company, exploring the Fahiakoba
Concession located in the centre of Ghana’s Golden Triangle between
Perseus Mining’s Edikan mine, and AngloGold Ashanti’s Obuasi mine.
For further information please contact:
Douglas MacQuarrie, President, tel: +1 604-558-1134; E-mail: email@example.com
Jag Sandhu, Director, Corporate Development, tel: +1 604-306-1950
Doreen Kent, Shareholder Communications, tel: +1 604-948-9450; E-mail: firstname.lastname@example.org
Kirsti Mattson, Media Relations, tel: +1 778-434-2241; E-mail: email@example.com
Europe: Florian Riedl-Riedenstein, Director; E-mail: firstname.lastname@example.org
This news release contains forward-looking statements which
involve known and unknown risks, delays and uncertainties not under the
Company’s control which may cause actual results, performance or
achievements of the Company to be materially different from the results,
performance or expectations implied by these forward-looking
We Seek Safe Harbour.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this
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