Asante Provides an Update on Bibiani and Chirano Exploration

Core Insights - Asante Gold Corporation is focused on extending the mine life at its existing operations, particularly at the Bibiani and Chirano Gold Mines, through near-mine exploration initiatives in 2025 [1][2][3] Chirano Exploration - The company has allocated over $9 million from its $500 million financing initiative to accelerate near-mine exploration at Chirano and Bibiani [2] - Significant drilling results at Obra Underground confirmed the extension of a high-grade mineralized shoot, with the deepest hole returning an intercept of 27.71 meters grading 5.23 g/t Au [4][9] - Drilling at Suraw returned 18.26 meters at 3.60 g/t Au, indicating the area's underexplored potential [4] - The Magnetic Hinge deposit has advanced to the pre-feasibility study stage due to positive drilling results, suggesting a new source of shallow, easily mineable oxide material [5] - A total of 126 holes for 13,561 meters of drilling have been completed year-to-date 2025, representing 43% of the planned drilling for the year [9] Bibiani Exploration - Initial drill testing at the Little Mug and Pamunu prospects confirmed the presence of mineralized shear zones associated with sediments and intrusive host rocks [15][17] - Detailed geological mapping and rock chip sampling have led to the identification of several targets in the Yaro-Bredi Domain and the Asempaneye–Fawoman-SWT domain [16] - A total of 126 holes for 19,271 meters of drilling have been completed year-to-date 2025, with an additional 25,000 meters of RC projected for the first half of 2026 [19] Future Plans - Exploration efforts will continue to focus on upgrading resources, extending mineralized shoots, and identifying new targets at Chirano and Bibiani [7] - Approximately 15,000 meters of drilling is planned for the remainder of 2025 [7]