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As scarce as the truth is, the supply has always been in excess of the demand
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ESAASE Project
ESAASE
Country
Ghana
Close to
Aboabo
Status
ADVANCED DISCOVERY
Latitude / Longitude
5 N 32 / 1 W 33
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Gold -
Risk and valuation analysis of the ESAASE Project
Status Risk : Advanced discovery
Country Risk : Light
Resource Risk : 33.00%
In situ value
6,670,692,840 $
Title(s) of the ESAASE Project
Keegan Resources Inc.
Owner: 100%
Title
Company Profile
All Projects
Company website
Company project page
The Esaase Gold project and the mining lease on which it is based are owned 100% by Keegan Resources Ghana, a fully owned subsidiary of Keegan. the Govt of Ghana retains the right to take a 10% interest in the project. The lease is also subject to a 3,5% NSR owed to the Government of Ghana.
Location of the ESAASE Project
The Esaase project is located on the Asankrangwa gold belt in SW Ghana, 13 km NE of the 3 M oz Obotan deposit.
History of the ESAASE Project
The property has seen extensive artisanal mining from lode shafts and adits and 500,000 ounces of locally sourced placer gold has been produced from small drainages completely enclosed by the concession
Geology of the ESAASE Project
The Esaase gold project area contains a system of gold-bearing quartz veins hosted by tightly folded Birimian-age sedimentary rocks. This package includes shale, siltstones, and lesser feldspathic sandstones. The Esaase mineralization is defined by a
more...
Reserves and resources of the ESAASE Project
Tonnage
Grade
Reserves and resources
Gold
Gold
g/t
oz
Indicated
84,850,000
1.20
3 273 589
Mesured and Indicated
84,850,000
1.20
3 273 589
Inferred
50,070,000
1.00
1 609 788
Total
134 920 000
4 883 377
Definitions
Reserves and resources of the ESAASE Project
Metal
Total
Reserves
Resources
Unit
In situ value
Proven
Probable
Proven and Probable
Measured
Indicated
Mesured and Indicated
Inferred
Gold
4 883 377
3 273 589
3 273 589
1 609 788
oz
6 598 418 862 US$
Production history
Metal
historical
GOLD (oz)
500,000
Title / Ownership
2/22/2011
Acquires Additional Ground at the Esaase Gold Project and Pr...
Exploration and drilling
2/19/2013
Remains on Track to Deliver Esaase Gold Project Under New Na...
10/31/2012
Announces Further Strengthening of Technical Team as it Prep...
10/25/2012
Metallurgical Test Work Commences on New Flowsheet for Esaas...
10/15/2012
Welcomes Highland Park Group as Strategic Investor and Recr...
9/6/2012
Provides Esaase Project Review Update
12/1/2011
Adds an Additional Concession to the Esaase Gold Project
8/3/2011
More Than Doubles Size of Esaase Gold Project Regional Prope...
10/14/2010
Continues to Receive Excellent Results From the Esaase Gold ...
9/8/2010
Discovers New Zone at Esaase Gold Project, Southwest Ghana
8/9/2010
Continues to Receive Excellent Results from the Esaase Gold ...
7/19/2010
Continues to Receives Excellent Results From Both Stepout an...
5/18/2010
Receives Excellent Results From Metallurgical Drilling at th...
4/6/2010
to release preliminary economic assessment for Esaase Gold p...
12/14/2009
Expands the Esaase Gold Concession With Additional Property ...
10/30/2009
Esaase Project Preliminary Metallurgical Test-Work Suggests ...
10/15/2009
Receives Excellent Results From Stepout Drilling at the Esaa...
7/13/2009
Hires engineer to lead esaase gold project development
6/1/2009
Essase Gold Project Update and Resumes Drilling
12/17/2008
PROVIDES PROJECT UPDATES FOR GHANIAN GOLD PROJECTS
9/11/2008
IDENTIFIES DRILL TARGETS OVER 10 KM IN STRIKE LENGTH USING G...
6/9/2008
Continues to Hit Excellent Gold Grades on Infill and Stepout...
5/28/2008
KEEGAN HITS EXCELLENT GOLD GRADES ON STEPOUT HOLES AT ESAASE...
4/16/2008
Esaase Gold Project Infill Drilling Program Continues to Sho...
3/27/2008
TRIPLES ESAASE LAND PACKAGE WITH ACQUISITION OF SOUTHWEST AD...
2/5/2008
ESAASE GOLD PROJECT STEPOUT DRILLHOLES CONTINUE TO EXPAND DE...
1/16/2008
ADDS SECOND DRILL TO RAPIDLY ADVANCE ESAASE GOLD PROJECT
12/11/2007
Esaase Project Stepout Holes and Trenching Continue to Hit H...
10/29/2007
RELEASES INITIAL RESOURCE ESTIMATION AT ESAASE GOLD PROPERTY
1/11/2007
Begins 2007 Drilling Programs at Esaase Gold Project
10/17/2006
Commences Drilling at Esaase Gold Property
8/23/2006
Extends Gold-in-Soil Trend Anomally to 9 km on Esaase Gold P...
6/30/2006
Begins Exploration on Esaase Gold Property, Ghana
6/1/2006
Work to Commence on Esaase Gold Property, Ghana
5/15/2006
Acquires the Esaase Gold Property in Ghana
Discoveries and Drilling Results
1/23/2011
Continues to Expand Mineralization Zones in Step Out Drillin...
12/13/2010
Releases Updated Resource Estimate for Esaase Gold Project, ...
11/15/2010
Keegan Continues to Encounter Significant Gold in Step Out D...
11/15/2010
Continues to Encounter Significant Gold in Step Out Drilling...
11/1/2010
Keegan Continues to Obtain High Grade Results From D-1 Zone ...
1/20/2010
Receives Excellent Results From Northern Stepout Drilling At...
10/6/2009
Continues to Receive Excellent Results From 2009 Drilling at...
7/22/2009
Receives Excellent Results From 2009 Drilling at Esaase Gold...
3/3/2009
REPORTS POSITIVE RESULTS OF SCREEN FIRE ASSAY TEST
2/27/2009
World Class Gold Deposit Confirmed at Keegan's Esaase Gold P...
2/18/2009
Receives Excellent New Results From 2008 Esaase Gold Propert...
9/18/2008
Continues to Receive Excellent Results From Drilling South o...
9/5/2008
REPORTS EXCELLENT RESULTS FROM DRILLING TO NORTH OF ESAASE G...
7/10/2008
Drills 12 Meters of 11.6 g/t and 25 Meters of 4.03 g/t Gold ...
4/29/2008
CONTINUES TO HIT HIGH GRADE GOLD INTERCEPTS IN ESAASE INFILL...
2/19/2008
DRILLING DISCOVERS NEW PARALLEL GOLD STRUCTURE AT ESAASE GOL...
2/11/2008
ESAASE GOLD PROJECT INFILL DRILLING PROGRAM CONTINUES TO RET...
1/10/2008
Esaase Gold Project Stepout Drillholes Continue to Extend De...
11/15/2007
Drills 68 Meters of 2.25 g/t Gold in Step-Out 500m South of ...
8/21/2007
Drills 186m of 1.12 g/t, 102m of 1.01 g/t, and 7m of 4.83 g/...
5/17/2007
RESOURCE DRILLING PROGRAM CONTINUES TO RAPIDLY EXPAND MAIN G...
12/19/2006
Continues to Receive Excellent Drill Results at Esaase Gold ...
12/13/2006
Esaase Drill Program Confirms Gold Mineralization Over 1 km ...
12/6/2006
Identifies Major Mineralized Structures at Esaase Gold Proje...
11/21/2006
Discovers 85m of 2.07 g/t Gold at Esaase Core Drilling Progr...
11/14/2006
Trenches 35 Meters of 3.05 g/t Gold at Esaase Property, Ghan...
10/26/2006
Discovers 155 Meters of 1.08 g/t Gold in Trench at Esaase Pr...
10/19/2006
Discovers New Gold Zone at Esaase Property, Ghana
9/19/2006
Discovers 30 Meters of 2.0 g/t Gold in New Trench at Esaase ...
9/12/2006
Discovers 5 Meters of 17.2 g/t Gold and 50 m of 1.0 g/t Gold...
9/8/2006
Discovers Additional Soil Anomalies and Delineates Drill Tar...
8/30/2006
Discovers 20 Meters of 4.26 g/t Gold in Trench at Esaase Pro...
7/27/2006
Discovers Up to 45.8 g/t Gold in Quartz Vein at Esaase Prope...
7/25/2006
Defines Rich Gold Anomaly on Esaase Property
Location
Data last updated on : 12/15/2010
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