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Esaase

OVERVIEW

 The Esaase project is located on the Asankrangwa gold belt in SW Ghana, 13 km NE of Resolute's 3 M oz Obotan deposit. The property contains bulk mineable targets consisting of multiple sets of sheeted and stockworked quartz veins hosted in highly deformed Birimian metasediments containing gold. The property has seen extensive artisinal mining from lode shafts and adits and 180,000 ounces of locally sourced placer gold has been produced from small drainages completely enclosed by the concession. Keegan has the right to earn 100% of the Mining License on the concession over a three year period by making work expenditures of US$2.25 M, making cash payments of US$540K and awarding 780,000 Keegan shares.

EXPLORATION TO DATE

 Keegan has identified a substantial northeast trending mineralized structure at least 3 km long averaging 300 meters wide. In the eleven soil lines traversing the anomaly, 87% of the 120 samples are greater than 100 ppb Au with an average of 498 ppb Au for all 120 samples. Portions of the anomaly are marked by historic lode adits and shafts. Underground adits have already indicated gold in both veins (1 -- 5 g/t) and in the wall rock averaging (approximately 0.5 g/t) Au. Keegan has also received Induced Polarization (IP) results from the anomalous area, which show a strong conductivity and chargeability high associated with the zone of gold mineralization. Keegan has also found indications of other parallel northeast trending mineralized structures.

Artisinal Mining
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Esaase Veins
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ESAASE OBJECTIVES 2006

 Keegan's plans for summer 2006 are to soil sample and obtain IP data for the entire property on 100-200 meter lines at 25 meter centers. All of the underground workings will be sampled and Keegan will trench and prospect all areas that soils and IP indicate as prospective. Keegan will also undertake bedrock mapping and structural studies. The data will be synthesised and interpreted in preparation for a fall core drilling program

PHOTO GALLERY

Esaase Property
Surface Geology
In the field
Shafts & Adits



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This page was created on Thu Sep 9, 2010 at 1:47:59 AM Pacific Time.