Northwire Canada EditionWednesday, August 12, 2026
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DBG 2.00 −1.5% MOG 0.610 +5.2% CRE 0.345 −2.8% GNG 0.100 +0.0% XTG 2.76 +4.5% LIFT 2.87 +0.0% ANK 0.325 −4.4% FIN 0.105 +0.0% BTO 7.24 +2.7% SGD 16.78 −2.3% CNC 1.55 −1.3% EFR 20.26 −1.6% UTWO 0.370 +5.7% LVX 0.540 +1.9% BONE 0.035 +0.0% CLCH 1.11 −0.9% DBG 2.00 −1.5% MOG 0.610 +5.2% CRE 0.345 −2.8% GNG 0.100 +0.0% XTG 2.76 +4.5% LIFT 2.87 +0.0% ANK 0.325 −4.4% FIN 0.105 +0.0% BTO 7.24 +2.7% SGD 16.78 −2.3% CNC 1.55 −1.3% EFR 20.26 −1.6% UTWO 0.370 +5.7% LVX 0.540 +1.9% BONE 0.035 +0.0% CLCH 1.11 −0.9%
Drill Results

Asante Provides an Update on Bibiani and Chirano Exploration

By The Northwire Desk — AI Analysis Oct 06, 2025 · 08:00 ASE · 2.32 Asante Gold Corporation
ASE · Price

Executive Summary

  • Asante Gold reports high‑grade underground drill intercepts at Chirono (e.g., 45.03 m @ 4.09 g/t Au, 27.71 m @ 5.23 g/t Au) and promising near‑surface oxide mineralization at Magnetic Hinge, prompting a pre‑feasibility study.
  • Bibiani exploration identifies early‑stage oxide discoveries at Pamunu, Little Mug and Asempaneye prospects, with additional drilling planned (≈25,000 m in H1 2026).
  • The company has completed its $500 M financing, allocating >$9 M to each mine to accelerate 2025 exploration and support long‑term mine‑life extension.

Key Details

  • Chirano – Underground Intercepts
  • CHDD3663UG: 45.03 m @ 4.09 g/t Au (incl. 20.71 m @ 4.91 g/t) – Obra
  • CHDD3651UG: 35.00 m @ 4.43 g/t Au (incl. 17.20 m @ 6.62 g/t) – Obra
  • CHDD3665UG: 27.71 m @ 5.23 g/t Au (incl. 16.11 m @ 5.95 g/t) – Obra

  • CHDD3671UG: 18.26 m @ 3.60 g/t Au (incl. 6.60 m @ 5.72 g/t) – Suraw

  • Chirano – Oxide Mineralization

  • Magnetic Hinge drill results sufficient to advance the project to a pre‑feasibility study, indicating a potential shallow oxide source for short‑to‑medium term production.

  • Exploration Effort Summary (2025 YTD)

  • Total Chirono drilling: 126 holes, 13,561 m (RC 2,438 m; DD 9,610 m; Auger 1,513 m) – 43% of annual target.

  • Total Bibiani drilling: 126 holes, 19,271 m (RC 16,639 m; DD 2,632 m) – 63% of annual target.

  • Future Drilling Plans

  • ~15,000 m additional Chirono drilling planned for remainder of 2025.

  • Additional 25,000 m RC drilling slated for first half of 2026 at Bibiani (focus on Little Mug, Asempaneye, Yaro‑Bredi Domain).

  • Financing

  • Completed $500 M financing in August 2025; >$9 M allocated to each of Chirono and Bibiani for accelerated exploration.

  • Quality Assurance / QA/QC

  • Drilling performed by GTS Drilling Services & Toomahit Drilling Ltd.; samples analyzed via 50‑g fire assay with AA finish at ALS‑Kumasi or Intertek (Tarkwa).

  • Qualified Person – Dean Bertram, VP Geology, reviewed and approved technical information under NI 43‑101.

Notable Quotes

“Results to date have been instrumental in reaffirming the potential for resource growth and mine life extension at our existing operations.” – Dave Anthony, President & CEO

All forward‑looking statements are subject to risks and uncertainties detailed in the release.

Read the original news release →

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