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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Goldplat plc    GDP   GB00B0HCWM45

GOLDPLAT PLC (GDP)
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Goldplat : Ashanti Gold Corp Releases an Exploration Update at the Anumso Gold Project

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10/17/2017 | 03:14pm CEST

Release date- 16102017 - Goldplat, the AIM quoted gold producer with international gold recovery operations located in South Africa and Ghana and a gold mine in Kenya, notes the announcement released by Ashanti Gold Corp. ('Ashanti') in relation to Goldplat'sAnumso Gold Project in Ghana ('Anumso'), in which Ashanti has the right to earn up to 75% of Goldplat's interest by expending US$3million on exploration work.

Ashanti has identified broader and new mineralised zones at Anumso, which are in aggregate 480m wide in certain areas of mineralisation, following soil sampling. Approximately 1,200 samples revealed multiple zones of mineralised Banket conglomerate. The soil samples tested returned samples with over 30 ppb gold ('Au'), with 24 samples containing more than 100 ppb Au. Results from initial metallurgical test work on oxidised and unoxidised mineralised samples were encouraging; strong gold recovery by cyanidation was observed and an initial Extended Gravity Recoverable Gold test was conducted on an unoxidised composite, which indicated that up to 72.9% of the gold may be recoverable by gravity methods. Further work to optimise process conditions and evaluate variability is planned by Ashanti.

Contact:

Tel: +27 (71) 8915775

(c) 2017 Electronic News Publishing -, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ASHANTI GOLD CORP 10.00% 0.11 End-of-day quote.-47.62%
GOLDPLAT PLC -2.95% 5.095 Delayed Quote.-34.26%
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Latest news on GOLDPLAT PLC
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Financials (GBP)
Sales 2018 35,4 M
EBIT 2018 3,30 M
Net income 2018 1,70 M
Debt 2018 3,60 M
Yield 2018 -
P/E ratio 2018 6,37
P/E ratio 2019 2,83
EV / Sales 2018 0,35x
EV / Sales 2019 0,41x
Capitalization 8,79 M
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NameTitle
Gerard A. Kisbey-Green Chief Executive Officer & Executive Director
Matthew Robinson Non-Executive Chairman
Johannes Hendrik van Vreden Chief Operating Officer & Executive Director
Werner Klingenberg Finance Director & Executive Director
Ian J. H. Visagie Executive Director
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