Asante Gold: Initial drilling in Concession in Ghana Fahiakoba deliver positive results

Asante Gold: Initial drilling in Concession in Ghana Fahiakoba deliver positive results

23.05.2012 Vancouver, British Columbia – Asante Gold Corporation (TSX.V: Ashe Frankfurt : 1A9) (the "Company") is pleased to announce, that on the basis of the holes to explore widely spaced geophysical targets on the property in Ghana Fahiakoba the occurrence of gold mineralization with anomalous or. highly anomalous values ​​could be confirmed. These goals are generally over a strike length of mineralization that, in the Perseus Mining (TSX: PRU) operated mine was discovered Edikan. This mine is adjacent to the southwest of the concession area.

Partial results from 4 of 14 Diamond (2.437 Meter), since March 2012 were completed, are now. More 280 Assay results are pending.

The described boreholes fah12-001, 2, 3 and 5 were drilled in an area, in which a small alluvial pit is. From this shaft in the past, a sample taken from Saprolithgestein, a grade of 2,05 g / t having. Holes below the elongated shaft encountered intersections of quartz stockworks, in strongly quartz-containing Grauwackegestein embedded.

Visible gold ("VG") discovered in hole fah12-005 – 0,50 Meters with 289,50 g / t Au: In a 1,5 cm in langen Quarzgang 201,8 m hole depth was found visible gold, The pronounced with a, is associated in greywacke intercalated silt and pyrite mineralization. There are 0,5 m long probe, The material contained in this vein, showed an average 289,50 g / t Au over. The gold is coarse-grained, occurs in quartz rock as exposed to gold and pyrite mineralization and mounted between a rock appears to be a late (D4?) Rejection, how they can be found in many West African gold deposits, to communicate.

Hole 005 was fah12 200 Meters east of the drilled holes other specified, to explore the southwestern boundary of a previously identified by VTEM conductive flight measurement. The drilled hole in Grauwackegestein intersected between 47,0 and about. 200,0 m hole depth of a weakly mineralized Metaschiefer-/Phyllitmineralisierung with strong turbulence and low Quarzaderung. A graphitic shear zone was 175,0 m depth intersected; they correlate with enlargement of the VTEM anomaly in a southwesterly direction. A map showing the drilling is at http://www.goknet.net/Asante/FAHcollars22May12.pdf seen.

In the rest of the holes described as the best result in hole fah12-003 at a depth of 41,5 m is a 1 m wide section of 7,34 g / t Au intersected. Anomalous gold values ​​were also 8 other sections of the first three holes at a depth between 34,0 and 175,0 m determined; the values ​​were between 0,28 and 0,85 g / t Au.

Currently, VLF-EM-flight measurements performed, additional soil samples were taken and dry holes drilled, an area within a field of discovery in hole 005, to explore more precisely fah12. That with 5.000 Meter drill program is expected to continue budgeted and completed, as soon as the additional samples and the ground work has been completed.

President Douglas MacQuarrie sagte dazu: "The first drill results have confirmed, that the extensions of the shear zones and Akropong Edikan, extending across the concession area Fahiakoba, abnormal bzw. hochanomale gold mineralization contained. These shear zones can be mapped using geophysical methods by layer through the vast. We are extremely confident, that we have the shear zones on the property, extending over a strike length of more than 20 Km stretch, continue to explore successfully. "

The scientific and technical data contained in this press release was prepared by Douglas R. MacQuarrie, P.Geo. (B.C.) Geology & Geophysics, the president and CEO of the company, in his capacity as a Qualified Person under NI 43-101 created. Field work and sampling were Donald G. Allen, MASc. P.Eng. (B.C.) supervised. The HQ- Cores were logged and NQ, cut up and removed on-site samples. One half of the samples were transferred to the laboratory of SGS Laboratory in Tarkwa, and analyzed for their gold content (Fire assay and atomic absorption, 50 Gram sample weight). As part of internal quality control samples were submitted to the current No- and standard samples added and performed multiple checks of selected samples with anomalous values. Were obtained for a section several analytical values, it was given as a final value of the average of all results of Section. The quality control results suggest the accuracy of reported data.

For the Board:
„Douglas R. MacQuarrie“
President & CEO

Über Asante Gold Corporation

Asante Gold Corporation (TSX.V : ASE) is headquartered in Vancouver gold exploration- and development company, The exploration work in the concession area in the center of Fahiakoba Ghana's Golden Triangle performs. The concession area is located between the mines Edikan (Perseus Mining – TSX : PRU) and Obuasi (AngloGold Ashanti – NYSE : AT).

For more information, contact:

Douglas MacQuarrie, President, Such: +1 604-558-1134; E-Mail: douglas@asantegold.com
Jag Sandhu, Director, Corporate Development, Such: +1 604-306-1950
Doreen Kent, Contact for shareholders, Such: +1 604-948-9450; E-Mail: d.kent @ eastlink.ca
Kirsti Mattson, Media Contact, Such: +1 778-434-2241; E-Mail: kirsti.mattson@gmail.com
Europe: Florian Riedl-Riedenstein, Director, Such: +43 2774 28814; E-Mail: frram@aon.net

For the correctness of the translation is any liability assumed! Please note original English message!

Which filings can be found at:
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This press release contains forward-looking statements, involve known and unknown risks, Delays and uncertainties include, which are not under the Company and could cause, the actual results, Performance or achievements to differ materially from those, The forward-looking statements such were expressed. We Seek Safe Harbour certification.

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