The Asheba project has been the scene of mining since the 1920's when ore was extracted from the Cheriamen and Atinasi underground mines within the Asheba licence. Currently artisanal miners produce gold from alluvial/colluvial and primary sources at the old Cheriamen site.
The project is located at the southern end of the Ashanti belt 15km east of Endeavour Mining's Nzema mine and 30km south of the world class Tarkwa mine. At Asheba, mineralisation is centered on the old Cheriamen and Atinasi mining sites within multiple parallel steep dipping zones associated with intense silicification, disseminated pyrite and a stockwork of quart veinlets. A non-JORC compliant resource by Gold Fields estimated 176,000oz at a grade of 1.8g/t, this resource is unverified by Goldcrest Resources plc. Other work by Gold Fields included 8 bottle roll metallurgical tests which showed the ore to be 'non-refactory' and with results of 88-99% gold recovery.
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