Ashanti Gold Corp. (TSX-V:AGZ) is pleased to announce additional results from the recently completed 105 hole Reverse Circulation and Diamond Drill 12,283 metre drill program that tested mineralization on the Kossanto East Project in western Mali (Figure 1).  Results presented here and previously demonstrate strong positive results from drill holes at Gourbassi East.  Results reported here broaden the width and increase the down-dip extent of known gold mineralization of the ≤75m wide Main Zone, Gourbassi East.  In addition, drill hole GERC238 in combination with last year’s GERC151 extends the strike length of new zones ≤7m wide of gold mineralization parallel to the Main Zone.  The Company awaits further results from the Gourbassi East Main Zone and from Gourbassi West.

The holes presented below were drilled to test Gourbassi East Main Zone mineralization down dip, along strike and along section fences to provide sufficient data for a resource estimate later this year.  Importantly, mineralized intervals reported here lie along multiple mineralized zones of mineralization interpreted and predicted from previous drilling and thereby will support favorably geologic and resource modeling.

*Intervals indicated are not true widths as there is insufficient geologic information to calculate true widths. However, drill holes have been drilled to cross interpreted mineralized zones as close to perpendicular as possible.

Tim McCutcheon, CEO, said “We are very pleased with these results as they support and expand known mineralization with key areas of higher grade material (5 – 12 g/t Au).  We are looking forward to the contribution this mineralization will make to the planned resource estimate to be undertaken once we receive all assay results.”

Graphics accompanying this announcement are available at

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About Kossanto East Project

The Kossanto East Project is a 66.41 km² concession in the prolific Kedougou – Kenieba Inlier, the northwestern most exposure of Birimian rocks in West Africa and host to the Loulo and Sadiola group of world class gold deposits. The Property hosts two principle historically drill-tested targets, Gourbassi East and Gourbassi West and several surface anomalies identified in historic surface samples and Rotary Airblast (RAB) drill holes. Geochemical anomalies identified by previous explorers led to drill testing and successful intersection of gold mineralization. The results reported here are from Gourbassi East. Further results from Gourbassi East and Gourbassi West are anticipated in the coming weeks.

ABOUT ASHANTI GOLD

Ashanti is a gold-focused, exploration and development company that targets projects where it has a competitive advantage due to past work experience of the team and specific project know-how. The Company is driving forward its 100%-owned Kossanto East project in Mali on the prolific Kenieba Belt, which hosts such deposits as Loulo, Fekola and Sadiola. Ashanti is also working to advance, together with its earn-in partners, the Anumso project and the Ashanti Belt project in Ghana, which are near-adjacent to the Akyem deposit.