Asante Gold's President and CEO, Douglas MacQuarrie, is Interviewed by InvestmentPitch Media's Dean Nawata - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - July 12, 2019) - Asante Gold's (CSE:ASE) (FSE:1A9) President and CEO, Douglas MacQuarrie, is interviewed by InvestmentPitch Media's Dean Nawata.
The company is focused on exploring and developing high grade gold projects in Ghana, West Africa. The company owns 100% of the Kubi Mining Lease, which adjoins to the south of AngloGold Ashanti's 66 million ounce Obuasi Gold Mine.
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It also holds an option to earn up to 100% of the Keyhole concessions located along strike 35 km southwest of the Asanko/Goldfields Gold Mine, the Betenase project which adjoins to the east of Kubi and south of the Obuasi Mine, and 100% of the Fahiakoba concession located 9 km west of Kubi and adjoining to the north of Perseus' 6.6 million ounce Edikan Mine.
Asante is continuing to evaluate the new 'disruptor' SMD mining technique for application at Kubi. SMD is a large bore precision drilling method that enables direct mining of narrow deposits. The SMD method is being developed and commercialized by Anaconda Mining Inc., in collaboration with Memorial University of Newfoundland and utilizes technology proven in other industries.
Douglas MacQuarrie, President & CEO stated: "Asante is excited about the potential for this new 'disruptor' technology to transform Kubi from a gold deposit to a gold producer. Like the invention of hydraulic fracking turned previously uneconomic gas and oil deposits into highly economic production, so SMD mining has the potential to unlock major value in the narrow, hard rock mining space. We will continue to closely monitor developments as they occur."
The company is currently raising gross proceeds of up to $250,000 from a non-brokered private placement of up to 5 million units priced at $0.05 per unit. Each unit consists of one share and one warrant with each warrant exercisable at $0.08 for 36 months, subject to an acceleration clause.
For more information, please visit the company's website at www.asantegold.com, contact Douglas MacQuarrie, President and CEO, at 604-558-1134 or email douglas@asantegold.com.
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