In Memoriam

Thomas Ennison, LLM

April 20, 1935 - March 25, 2019

News

• Kubi Mine Project
  
  Please visit the Asante Gold Corporation website www.asantegold.com
  for news on our Kubi Mine project.
  
  
  
• August 9, 2016: from Asante Gold Corporation - News Release
  
  "...Asante Gold Corporation (CSE:ASE/ FRANKFURT:1A9) (the “Company”) announces that the Special Committee of the Board has reached agreement with Goknet Mining Company Limited (“Goknet”) to close the acquisition of the Kubi Mining Leases on terms as substantially contained in the Kubi Definitive Option Agreement dated 28th February 2015. See: http://www.asantegold.com/news/kubi-gold-project-ghana-option-agreement. Asante will acquire the Kubi Mining Leases by issuing seven million treasury shares and reserving for future delivery to Goknet a total of 8,000 ounces of gold, and thereafter reserving for Goknet a 2% Net Smelter Return royalty (the “Kubi NSR”). Royal Gold, Inc. of Denver holds a 3% Net Proceeds of Production royalty, and the Ghana Government a statutory 10% free carry equity and 5% NSR royalty interest..." (read more...)
  
  
  
• March 7, 2016: from Asante Gold Corporation - News Release
  
  "...Goknet Mining Company Limited (“Goknet”), a company related to Asante Gold Corporation by a common Director, has acquired 2,385,000 common shares of the Company in the above noted shares for debt conversion, reducing Goknet’s outstanding loans to the Company by $238,500. Following this transaction, Goknet beneficially owns 4,795,000 common shares which represent 13.85% of the issued and outstanding common shares of the Company. Goknet has advised the Company that the shares were acquired for investment purposes, and that Goknet intends to evaluate its investment in the Company from time to time and to increase or decrease its beneficial shareholding as it may determine for investment purposes..." (read more...)
  
  
  
• March 3, 2015: from Asante Gold Corporation - News Release
  
  "...Asante Gold Corporation (TSX.V:ASE/ FRANKFURT:1A9) (the “Company”) announces that effective February 28th, 2015 it has entered into a definitive Option Agreement with Goknet Mining Company Limited (“Goknet”) of Accra, Ghana to earn up to 100% of Goknets’ Kubi Gold Project in Ghana. Conditional TSX Venture Exchange approval for the transaction was received on February 4, 2015. Asante plans on developing Kubi as a custom milling and direct shipping operation as it is located near major mining and milling infrastructure between AngloGold Ashanti’s 60 million ounce* Obuasi Gold Mine and Perseus Mining Limited’s 6.6 million ounce* Edikan Gold Mine (* pre-mining resource, source company annual reports)..." (read more...)
  
  
  
• August 26, 2014: from Asanko Gold Corporation - News Release
  
  Transfer to Goknet of Kubi and Diaso projects (read more...)
  
  

And back in 2002...

• November 2002: Goknet Mining News Release
  Goknet Expands Ashanti II Gold Project Land Base
  
  Goknet Mining Company Ltd. has assembled a major land position in one of the Worlds' foremost, underexplored, gold belts - the Asankrangwa Gold Belt in southwest Ghana. It has interests in six concessions covering over 230 sq km, and additional new applications pending. Previous work completed on these concessions and applications - costing over US$9 million - confirms the presence of wide spread occurrences of "Ashanti" type - gold in quartz reef mineralization. The Project area is located midway between the highly productive Ashanti Gold Belt on the southeast and the Sefwi/Bibiani Gold Belt to the northwest.