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April 3, 2014
07:08 EDTAKGAsanko Gold initiates phase 1 of gold mine project in Ghana
Asanko Gold announced it has appointed DRA as the Engineering, Procurement, Construction and Management contractor for the design and construction of Phase 1 of the Asanko Gold Mine Project in Ghana, following a competitive bidding process. Peter Breese, President and CEO, said, "The appointment of DRA as EPCM contractor marks the initiation of Phase 1 at our flagship project, the Asanko Gold Mine, which will form the foundation of our vision to become a mid-tier gold producer. My team and I have worked extensively with DRA for many years and together we have successfully built and commissioned mines in Africa that have all been delivered on time and on budget. It is this track record that gives us confidence that we will be able to deliver first gold in Q1 2016. Work is progressing well on all other fronts and the Board is targeting to make an investment decision mid-year. We are fully funded for Phase 1 with $255M cash and we are making good progress with Red Kite to modify the security provisions and loan documentation for our existing agreements. We expect to have these revisions completed in Q2 2014."
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July 17, 2014
07:13 EDTAKGAsanko Gold mine approved for construction
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July 8, 2014
07:07 EDTAKGAsanko Gold confirms continuity of gold mineralisation at Dynamite Hill
Asanko Gold announced highly encouraging results from its 2014 infill drilling program at Dynamite Hill which confirms the continuity of the gold mineralisation. Dynamite Hill is located approximately 7 km to the north-east of the planned processing facility for Phase 1 of its flagship project, the Asanko Gold Mine in Ghana, West Africa. Phase 1 of the AGM envisages the start of construction in Q3 2014 at the recently acquired Obotan project in Ghana. First gold production is anticipated in Q1 2016. Geological and structural models are now being constructed for Dynamite Hill, which will provide the basis for a maiden mineral resource estimate.

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