HomeGoldAshanti Gold and Goldplat modify terms for gold project

Ashanti Gold and Goldplat modify terms for gold project

Goldplat, the AIM quoted gold producer with international recovery operations located in South Africa and Ghana and a mine in Kenya, notes the announcement by Ashanti Gold Corp and confirms that it has agreed to extend the option period, within which Ashanti can acquire 75% of Goldplat’s interest in the Anumso gold project in Ghana.

Ashanti now has until 31 October 2018 to earn an initial 51% of Goldplat’s interest in Anumso upon the expenditure of US$1.5 million.

An additional 24% interest can be earned through expenditure of an additional US$1.5 million in the following 12 months.

Ashanti continues its soil sample programme to test for gold anomalies along the 10 km of known conglomerate outcropping within the 29.6 km2 licence area.

Additionally, a trenching program is to begin in February 2018, with first targets the identified soil anomalies to the north of the historic drilling area.


“Our goal is to demonstrate that the gold bearing material found in the historic drilling area exists all along the known conglomerate outcropping, which is a significant total of 10 km,” states Ashanti CEO, Tim McCutcheon.

“This trenching program is a key part of our methodical study of the gold potential of Anumso.

“And as we advance Anumso, we must remain on good terms with all stakeholders, including the local communities, who have supported us in the past and are a key part of our success on the project.”

Feature image credit: Wikimedia