Keegan announce results on its soil geochemical program from the Jeni Concession of the Esaase gold project located in southwest Ghana. The Jeni Concession was acquired in March of this year. Keegan has been testing the exploration potential of the property with VTEM airborne surveys as well as follow-up soil sampling. Keegan has results from 1695 soil samples to date, which reveal coherent greater than 50 ppb soil anomalies totaling over 10km in strike from three different structures along prominent bedrock resistivity breaks within the underlying bedrock. The combination of soil anomalies and resistivity breaks were excellent indicators of the significant initial 43-101 gold resource and subsequent extensions and new parallel gold discoveries made on the contiguous Esaase Concession to the northeast of Jeni. Other similarities are the presence of previously mined alluvial gold in small tributaries draining these exciting new gold-in-soil discoveries. Keegan plans to continue and expand on these excellent results and will subsequently design trenching (where possible) and drilling programs. Please see www.keeganresources.com for a map showing the location of the mineralized structures and gold-in-soil anomalies.
Dan McCoy, president and CEO of Keegan Resources states: “We are very pleased to see the size and consistency of the drill targets as outlined by the gold in soils geochem results at Jeni. We believe that these multiple structures have excellent potential to add to the already large and growing resource revealed by drilling on the Esaase Concession.”
Richard Haslinger, P. Eng. is the Qualified Person with respect to NI 43-101 at Esaase. All soils are assayed using BLEG technique on a one kg sample by Transworld Laboratories (GH) Ltd., Tarkwa, Ghana and QA/QC was ensured by good repeatability from external standards.
Keegan is a junior gold company offering investors the opportunity to share ownership in the rapid exploration and development of high quality, pure gold assets. The Company is focused on its wholly owned flagship Esaase and Asumura gold projects located in Ghana, West Africa. Managed by highly skilled and successful technical and financial professionals, Keegan is well financed with no debt. Keegan is also strongly committed to the highest standards for environmental management, social responsibility, and health and safety for its employees and neighboring communities. Keegan trades on the TSX-VEN and on the AMEX under the symbol KGN. More information about Keegan is available at www.keeganresources.com.