Goldplat plc Ashanti Gold Corp Releases An Exploration Update At The Anumso Gold Project
13 October 2017 - 5:00PM
UK Regulatory
TIDMGDP
Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
13 October 2017
Goldplat plc ('Goldplat' or 'the Company')
Ashanti Gold Corp releases an exploration update at the Anumso Gold
Project
Goldplat, the AIM quoted gold producer with international gold recovery
operations located in South Africa and Ghana and a gold mine in Kenya,
notes the announcement released by Ashanti Gold Corp. ('Ashanti') in
relation to Goldplat's Anumso Gold Project in Ghana ('Anumso'), in which
Ashanti has the right to earn up to 75% of Goldplat's interest by
expending US$3million on exploration work.
Ashanti has identified broader and new mineralised zones at Anumso,
which are in aggregate 480m wide in certain areas of mineralisation,
following soil sampling. Approximately 1,200 samples revealed multiple
zones of mineralised Banket conglomerate. The soil samples tested
returned samples with over 30 ppb gold ('Au'), with 24 samples
containing more than 100 ppb Au. Results from initial metallurgical test
work on oxidised and unoxidised mineralised samples were encouraging;
strong gold recovery by cyanidation was observed and an initial Extended
Gravity Recoverable Gold test was conducted on an unoxidised composite,
which indicated that up to 72.9% of the gold may be recoverable by
gravity methods. Further work to optimise process conditions and
evaluate variability is planned by Ashanti.
To read the full announcement released by Ashanti in compliance with NI
43-101, please visit Ashanti's website:
https://ashantigoldcorp.com/news/2017
** ENDS **
For further information visit www.goldplat.com, follow on Twitter
@GoldPlatPlc or contact:
Gerard Kisbey-Green CEO Goldplat plc Tel: +27 (71) 8915775
Colin Aaronson / Daniel Grant Thornton UK LLP Tel: +44 (0) 20 7383 5100
Bush (Nominated Adviser)
Andrew Raca / Justin VSA Capital Limited Tel: +44 (0) 20 3005 5000
McKeegan (Broker)
Charlotte Page / Susie St Brides Partners Ltd Tel: +44 (0) 20 7236 1177
Geliher (Financial PR)
The information contained within this announcement is considered to be
inside information, for the purposes of Article 7 of EU Regulation
596/2014, prior to its release.
About Goldplat
Goldplat plc is an AIM quoted gold producer with two market leading
recovery operations in South Africa and Ghana and an operational gold
mine in Kenya. The Company produced 42,857 ounces of gold during FY
2017, with 40,285 gold equivalent ounces sold and transferred, resulting
in an operating profit from continuing operations of GBP2.9m for the
year. This result does not benefit from the increased processing
capacity that was achieved at the Kilimapesa Gold Mine towards the end
of FY 2017, with operational profitability achieved during last two
months of FY 2017. Accordingly, the Company believes it is well placed
to build upon production and profitability during FY 2018.
The Company's strategy is focussed on utilising cash flow generated from
its flagship gold recovery and mining operations to self-fund the
sustainable growth and expansion of its niche gold recovery business
model internationally. The Company is also committed to increasing its
primary mining production output through acquisition / gaining interests
in producing or near-production assets, preferably in Africa. Goldplat
retains exposure to a small exploration project in Ghana, in which
Ashanti Gold Corp. is earning an interest via an earn-in option
agreement.
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Goldplat plc via Globenewswire
(END) Dow Jones Newswires
October 13, 2017 02:00 ET (06:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
Goldplat (LSE:GDP)
Historical Stock Chart
From Apr 2024 to May 2024
Goldplat (LSE:GDP)
Historical Stock Chart
From May 2023 to May 2024