Jan 24 2011
Keegan Resources Inc. (TSX:KGN)(NYSE Amex:KGN) has announced the latest assay results from its Esaase Project drilling program in southwest Ghana.
Keegan has encountered significant gold intercepts (greater than 10 g/t meter grade) in four different areas, 1) down dip extension of the D-1 (Abuabo) zone 38.8 m @ 1.29 g/t Au (KEDD945), 2) down dip extensions of the Main Zone including 15.2 m of 1.24 g/t Au (KEDD904), 3) continued step out holes in newly discovered D-2 zone including 32 m @ 0.64 g/t Au (KEDD926) as well as 4) an intercept in a footwall vein of the Main Zone, 2 m of 12.95 g/t Au in drill hole KERC930. In addition, all of the infill holes in the Main Zone, were well mineralized including 46.2 m of 1.99 g/t Au (KEDD913) and 10 m @ 4.88 g/t Au (KEDD921).
After a short end of year break, drilling at Esaase has resumed with 3 drill rigs currently in operation and a further 2 rigs scheduled to be running before the end of the month. This will allow for a much larger exploration effort this year and new results will be made available in a timely manner as the company continues its aggressive resource exploration and development program in 2011.
President and CEO Maurice Tagami stated, "These new drill results continue to demonstrate the robust nature of the Esaase gold system. We will continue to step out on some of these new areas of mineralization as well as explore for additional new zones, while we also push forward towards the completion of feasibility and permitting in 2011."
Recent results from step out drilling from Keegan's Esaase Project. Only intercepts with grade-widths of greater than 5 g/t meter Au are shown. Intercepts with grade-widths of approximately 20 g/t meter Au or higher are marked with (i). Widths are given as measured down hole and grades are reported in g/t Au. All holes are drilled at an azimuth of approximately 110 degrees at a dip of 45 degrees so depth from surface is approximately 70% of drill hole depth.
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 and all core is drilled at HQ diameter and sawed into equal halves 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 mostly 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 main zone 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.