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Keegan is a junior resource
gold Exploration Company with an excellent management team, which
possesses the depth and talent to be able to finance, market and
discover valuable gold resources. Keegan is currently earning a 90%
interest in two exceptional gold properties, the Asumura Project and
the Esaase Project, located in Ghana, West Africa
Ghana Focus
In Ghana, Keegan has achieved notable success on both its Asumura and
Esaase gold properties. The Asumura property has had an initial phase
of work including drilling and the Esaase property has had extensive
sampling, trenching and its initial core drilling program is in
progress. The very encouraging results that have come from both
properties indicate potential for world class gold deposits on each
property.
Management
Keegan’s geological team is led by Dr. Dan McCoy, formerly
with Placer Dome USA. Mr. McCoy has over 22 years of experience in
Nevada, Alaska and Canada exploring for the most prominent types of
gold deposits, including Carlin-type intrusion-related, epithermal and
greenstone systems. Dr. McCoy’s geological team is
complimented by Richard Haslinger, a well respected geological engineer
with over 20 years experience and Robert McLeod, a well respected
exploration
geologist with over 12 years experience.
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Esaase property
– Summary &
highlights of work to date.
The Esaase property is located in Ghana, West Africa 13km NW of the 3
million ounce Obotan deposit previously mined by Resolute Mining. Gold
at Esaase was initially discovered by artisanal miners.
Highlights from Keegans program:
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Identification
of disseminated sediment hosted mineralization with open pit potential |
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Discovery of the 1500
meter long Main Zone where current trenching and drilling has
identified bedrock indications for multi million ounce deposits.
Indications include:
| 85
meters of 2.07g/t gold in core |
| 12
meters of 9.76 g/t gold in core |
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| • |
Every trench assayed
greater than one g/t Au from with widths of 20-155 m |
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Extension of the of
fault structure on the main zone by geophysics and soils reveals an 8km
long strike mineralized strike length |
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Property is up to 10
km long by 5 km wide with several other new targets for significant
gold mineralization. |
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Asumura property
– Summary & highlights of work to date.
The Asumura property is ideally located on a major regional scale belt
bounding fault system. Keegan has completed extensive geochemical
sampling, geophysics as well as an initial reconnaissance drill
program, which revealed similar potential for one of these major multi
million ounce
Highlights from Keegans program: structures.
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Identification
of disseminated gold mineralization with open pit potential |
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Discovery of the Bia
Fault Target Area |
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Extends at least 70 km
to the NE where it hosts Newmont’s 22 M oz Ahafo deposits |
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Contains prospective
Induced Polarization anomalies |
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Discovery of the
Mangoase Target Area: |
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Extends at least 70 km
to the NNE onto Newmont ground |
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Drill Intercepts of
25.5m @ 0.72g/t (reverse circulation) and 10m @ 1.68 g/t (core) |
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Open to both the
northeast and southwest |
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2007 Plans for Keegan Resources
In 2007 Keegan plans to delineate a resource at Esaase and to also
drill test along strike of the entire 12 km of mineralized structures
on the property. Keegan will also be drill testing the Bia and Mangoase
Target Areas at its Asumura Property.
The company’s management has worked on some of the larger
successes seen in the last 25 years in the mining business; management
is qualified and hungry to discover and achieve another major success.
Keegan’s anti-dilutive share structure has and will in the
future benefit shareholders as it achieves its goal of making major
gold discoveries.
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