Goldplat plc Ashanti Gold Corp Releases An Exploration Update At The Anumso Gold Project

 
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: [phone] 
Colin Aaronson / Daniel    Grant Thornton UK LLP     Tel: [phone] 
Bush                       (Nominated Adviser) 
Andrew Raca / Justin       VSA Capital Limited       Tel: [phone] 
McKeegan                   (Broker) 
Charlotte Page / Susie     St Brides Partners Ltd    Tel: [phone] 
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)

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