GOLD:
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CSE: ASE
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FSE: 1A9
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OTC: ASGOF
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GOLD: US
* 20 minutes
* 20 minutes
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CSE: ASE
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FSE: 1A9
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OTC: ASGOF
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Soul Priest Pectoral Disk

The name in the Akan language for this piece is "akrafokonmu" where "akra" means "soul", "fo" means "people" and "konmu" means, loosely, "around the neck". It is worn on the chest like a pendant and is the badge of identity of a soul priest. One of his primary roles is to preside over the ceremony in which the soul of the king is purified. The shape is called "nyame" which means both "sun" and "God".

Asante currently has five project sites in Ghana, West Africa, of which one is in the exploration & development stage (near-term production) and four in exploration. According to the World Bank, Ghana is one of Africa's top countries that provides solid social capital and a stable geopolitical situation, making it a privileged business partner for foreign ventures and investors.

Community matters:

Asante strives to build relationships based on mutual respect within the local communities. We plan to use new green mining technology to minimize environmental impact at the same time as improving worker safety and bottom line returns.

Kubi Gold Mine:

o Overview

Kubi Gold's 20 year renewable mining lease was issued in 2008. Our goal is to develop Kubi as a 45Koz to 100Koz per year undergound and direct surface mining operation.

We aim to accomplish this objective by using either:

  • Conventional decline access to underground mining at 650tpd and up to 45Koz per year that will demand an estimated 12 to 18 months timeline to complete exploration decline, resource to reserve drilling, underground development and stope planning, and or
  • Green mining operations that use a direct mining approach from the surface with potential for low capital expenditure and much faster cash-flow by direct gravity gold recovery.

Given our current low market capitalization, Asante is focused on finding non-dilutive financing, such as project debt or gold loan - gold forward type project funding. With current gold prices at +US$1850 per oz and expectations in the market for much higher prices over next few years, we are confident that production financing will soon become a reality.

Current NI 43-101 Mineral Resource :

measured 0.66 million tonnes @ 5.30 g/t Au for 112,000 oz ;

indicated 0.66 million tonnes @ 5.65 g/t Au for 121,000 oz ; and

inferred 0.67 million tonnes @ 5.31 g/t Au for 115,000 oz (filed on SEDAR)

These results, to an average of only 400 m below the pit, suggest that with deeper exploration that Kubi has the potential for a long mine life - typical of other deep seated mines in Ghana. Scatter plots of drill data also suggests that grade is increasing with depth.

Adjoining to the south of the famous 66 million-ounce (pre-mining resource) AngloGold Ashanti Obuasi mine, Kubi is benefiting from a prime location with excellent nearby mining infrastructure, including several nearby under-utilized mills.

Ghana's big +10Moz mines have deep roots on major geological structures. To get a clearer picture of Kubi's deep potential, we completed 3D magnetic susceptibilty inversion modelling. The results strongly suggest that the structures that host the Kubi gold mineralization extend to +3.5 km in depth - a potential 2 million ounce gold exploration target.

Other Asante Gold Projects in Ghana

o Overview

Asante is actively exploring four other targets: all with significant gold discoveries in initial drilling and with multi-million-ounce exploration upside. These are Betenase, Keyhole, Fahiakoba, and the Ashanti II Project concessions:

Betenase adjoins to the east Kubi at the intersection of a major north trend and regional shear contact;
Keyhole is at the intersection of three major regional gold mineralized trends, which are:
  • north east trending Asankrangwa Gold Belt and its 11 Million Oz
  • east north east trending major continental-scale basement structure related to 66 Million Oz`s at Obuasi and the 7.6 Million Oz's Akyem Mine
  • And the north-trending Ankobra River lineament which connects the Ahafo Mine in the north with the +60 million ounces total resource gold mines in the southern Ashanti Belt;
Ashanti II Project - six pending exploration concessions, on the Asankrangwa gold belt along strike and southeast of Galiano/Goldfields Obotan and Esaase mines; and
Fahiakoba at the intersection of the Perseus Edikan Mine Akropong-Obuasi shear and major east west Offin River trends. Read more:
Asante is earning up to 90% in the licenses subject to final closing, additional governmental transfers and approvals, which may or may not be ultimately received.
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