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Profile: Asanko Gold Inc (AKG.A)

AKG.A on American Stock Exchange

21 Oct 2016
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Asanko Gold Inc. (Asanko), incorporated on October 23, 1999, is an exploration and development-stage company. The Company is focused on advancing its principal project, the Asanko Gold Mine, to commercial production. The Company's segment is the exploration and development of resource properties. In addition to its principal project, the Company holds a portfolio of other Ghanaian gold concessions in various stages of exploration. The Company's subsidiaries include Keegan Resources (Ghana) Limited Ghana (Asanko Ghana), Adansi Gold Company (GH) Limited (Adansi Ghana), Asanko Gold South Africa (PTY) Ltd., Asanko International (Barbados) Inc., Asanko Gold (Barbados) Inc. and PMI Gold Corporation (PMI). PMI is a resource exploration and development company which, through its subsidiaries, holds exploration and mining leases in the Ashanti and Asankrangwa Gold Belts of Ghana, Africa. PMI's principal project is a gold development project, the Obotan Gold Project, which has been combined with the Company's principal project, the Esaase Gold Project, to form the Asanko Gold Mine.

The Asanko Gold Mine Project is located on the Asankrangwa gold belt in Ghana, West Africa. The Asanko Gold Mine consists of approximately six open pit deposits over a 25 kilometers trend. The Company is developing the Asanko Gold Mine in approximately two phases. The Phase I of the Asanko Gold Mine is under construction and will mine the Obotan Project, which consists of the Abore, Abirem and Adubea concessions, all of which have been granted mining leases and cover an area of approximately 88.98 square kilometers. These concessions contain over five deposits, which comprises the Nkran pit, and approximately four satellite deposits, Abore, Asuadai, Dynamite Hill and Adubiaso. The Phase II of the Asanko Gold Mine will integrate the Esaase Project with the Phase I Obotan Project to create a multi-pit mine. The Esaase Project consists of several mining concessions, including the Esaase, Jeni River, Sky Gold (SGM), Asuowin and Dawohodo concessions. The Esaase Concession covers an area of approximately 42.32 square kilometers.

Asanko Ghana owns the Asumura Reconnaissance Concession (Asumura Property) located in Ghana. The Asumura Property consists of approximately two exploration concessions, including Fosukrom and Asumura, which together equal approximately 279.4 square kilometers. Adansi Ghana owns the Datano, Kaniago, New Obuasi, Gyagyastreso and Afiefiso concessions located within the Asankrangwa Gold Belt.

Company Address

Asanko Gold Inc

680-1066 Hastings St W
P: +1604.6838193
F: +1604.6838194

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