MC – $6.3m
Current SP – 9c
FPO shares – 69m
Options – 6m (34.5c @ 31/12/12)Cash – $950k
Major shareholders as at 31 March 2012
Resolute Mining Ltd 33.25%
Mr J & Mrs J Gardner 6.63%
Mr Trygve Kroepelien 5.00%
HSBC 4.59%
Manson Group Pty Ltd 4.14%
Directors
Jack Gardner Non-Executive Chairman
Peter McMickan Managing Director
Trygve Kroepelien Non-Executive Director
Mark Newlands Non-Executive Director
Akoase East
Inferred resource: 18.0 Mt @ 1.2 g/t Au for 704,000 oz Au
Open at depth and to northeast
Three new prospects identified
Soil geochemistry to define new targets at Akoase SE
6 strike km of 11 strike km structural corridor tested by drilling to date
West Star and Blue River projects
Only 4 strike km of Salman shear zone drill tested so far
Numerous intersections in RC drilling on broad spaced lines
1,500m infill and extension drilling at two Blue River prospects
Latest Blue River drill results
Significant gold intersections have been reported in nearly half of 28 holes drilled by Viking Ashanti Limited
A total of 28 holes were completed for 1,762 metres of RC drilling. One batch of assay samples, relating to holes BRC 98, 100 and 101, has not met Viking Ashanti’s QA/QC protocols, and is being re-assayed at the SGS laboratory in Tarkwa.
Results from these holes will be reported at a later date.
Significant intersections were recorded in 11 of the 25 holes reported today.
Better intersections include
6m @ 1.55 g/t Au (BRC 97)
5m @ 1.47 g/t Au (BRC 91),
6m @ 1.37 g/t Au (BRC 102),
2m @ 4.32 g/t Au (BRC 108),
5m @ 1.22 g/t Au (BRC 109) and
1m @ 7.34 g/t Au (BRC 93).
Since March there have been 16 Change of Directors Interest announcements made.
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