Oct 14 2010
Keegan Resources Inc. (TSX:KGN)(NYSE Amex:KGN) has announced updated assay results from its Esaase drilling program in southwest Ghana.
Keegan drilled significant intercepts in all 15 drill holes drilled either down or up dip from the existing resource, including 16 meters at 5.42 g/t Au, 43 meters of 1.81 g/t Au, and 100 meters of 0.78 g/t Au, as reported in Table 1. Please see a collar location map at https://www.asanko.com/home/default.aspx.
Keegan is continuing to drill in prospective areas down dip from the existing resource as well as in the newly discovered D-1 extension area (see news dated September 8, 2010). Keegan continues to have two drills dedicated to expanding the resource and drilling new targets.
President and CEO Maurice Tagami states, "These additional new assay results continue to demonstrate that higher grade mineralization is occurring in a wider area than previously delineated. These encouraging results will be utilized in our next Esaase resource estimate. In addition, we are excited about continuing to explore new targets such as the D-1 extension."
Richard Haslinger, P. Eng. is the Qualified Person with respect to NI 43-101 at Esaase. RC samples were taken at one-meter intervals under dry drilling conditions by geologic and resource consultant Coffey Mining Inc. utilizing drilling and sampling techniques widely accepted in resource definition studies of other West African gold deposits. All reverse circulation drill samples are weighed on site. All samples are assayed using standard 50 gram fire assay with atomic absorption finish by ALS Chemex Labs in Kumasi, Ghana. QA/QC programs using internal and external standard samples, re-assays, and blanks indicate good accuracy and precision in a large majority of standards assayed. Repeatability in duplicate samples is generally within 10% variance. In instances where variance is greater than 10%, the assays from both samples are averaged. Intercepts were calculated to emphasize width rather than grade: a minimum of a 0.2 g/t cut off at beginning and end of the intercept and allowing for no more than six consecutive samples (six meters) of less than 0.2 g/t Au. Mineralization in the A structure strikes approximately 10 to 30 degrees east of north and dips 45 to 90 degrees to the west. Holes are drilled at 110 degrees azimuth and are inclined at 45 to 60 degrees, so true widths are estimated to be over 80% of the drilled widths. The techniques by which drill hole assays have been previously used in resource estimation at Esaase can be found in Keegan's most recent 43-101 technical report on https://www.sedar.com/homepage_en.htm.
Source: Keegan Resources Inc.