Asante Gold Announces Early Works EPCM Contract to Fast Track Bibiani to Production …

Harlequin practices recognized standards for construction, fabrication, and maintenance and was recently recognized as the Best Specialist Engineering Services Firm 2020, West Africa.

To this end, the project is expected to employ up to 300 people, including sub-contractors, over its 9-month duration.

Douglas MacQuarrie, President & CEO states, “I am impressed by the quality of people, resources and record of success in the mining business that Harlequin brings to this project.

In addition, the Company is pleased to welcome Mr. Walter Agbey to our operations management team as Metallurgical Manager.

During this period, Asanko was awarded the Innovation Mine of The Year award for two consecutive years.

Asante is also exploring its Keyhole, Fahiakoba and Betenase projects for new discoveries, all adjoining or along strike of major gold mines near the centre of Ghana’s Golden Triangle.

In July 2018, Resolute Mining Limited, the former owner of the Bibiani Mine, based on some 50,500 metres of drilling, released an updated feasibility study for Bibiani and published JORC compliant Mineral Resources of 21.7 million tonnes at 3.6 grams of gold per tonne for 2.5Moz of gold.

Scientific and technical information contained in this news release that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves for the Bibiani Gold Mine, is based on information compiled from public disclosure by ASX and LSE listed Resolute Mining Limited.

Mr. Bansah has reviewed and confirmed the current project exploration database and he is content that based on his review and his experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken, there are no differences to the data that would materially affect the mineral resource statements contained in the Bibiani Feasibility Study published by Resolute on 13 July 2018 on the ASX and the Competent Persons Report for the Bibiani Gold Mine dated 17 June 2019 and prepared for Resolute for their London Stock Exchange listing by Optiro Pty Ltd.

To the best of the Company’s knowledge, information, and belief, there is no new material scientific or technical information that would make the disclosure of the Bibiani mineral resources, mineral reserves or results of the Bibiani Feasibility study inaccurate or misleading.

Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company’s inability to obtain any necessary permits, consents or authorizations required for its planned activities, and the Company’s inability to raise the necessary capital or to be fully able to implement its business strategies.

This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America.

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