Asante Gold Corporation announced final results and interpretation of the exploration drilling completed to date on the Fahiakoba gold concession in Ghana. Drill holes were spotted to test sections of airborne geophysical (MAG/VTEM) and ground auger soil geochemical anomalies. Initial drill holes were spaced from 400m to over 1km apart and later tightened to 100m step-outs where gold mineralization was noted.

A total of 30 drill holes were completed in two phases, for 4,985 m. With the exception of four significant gold intersections (to 0.50 m @ 295 g/t Au), initial sampling results were low. VTEM conductors correspond with favourable graphitic shear zones in meta-greywacke or regional scale graphitic meta-phyllite/argillite units. Weak gold anomalies in core from saprolite have generally accounted for the anomalous auger soil geochemical targets tested in the program.

However, wide zones of moderate to strongly quartz veined meta-greywacke, and carbonate alteration were noted in the program. These zones correspond with elevated to locally significant gold values and are considered high priority targets for additional drilling. Further drilling is also required along the trend to the NE of Perseus Mining Ltd.'s discovery hole NSRC010 located 1 km south of the Asante Fahiakoba concession boundary and which yielded 30m at 2.2 g/t Au, including 4m at 9.0 g/t Au.

Subject to financing, a program of an additional 3,000m of drilling is planned to test these new target areas.