Abzu Gold Ltd. announced the latest drill results from its advanced stage Nangodi Project, Ghana, West Africa where drilling has intersected broad zones of regional shear-zone hosted gold mineralization which remain open for expansion. The results continue to define and expand the gold endowed system with gold mineralization now identified over 1,300 metres of strike by up to 70 metres width and to depths ranging from the surface to 180 metres. The system remains open for expansion along strike and at depth and is only one of several priority targets identified to date on the large property package.

The results will form the basis for an initial 43-101 compliant resource estimate and will enable Abzu's strategic alliance partners, Kinross Gold Corporation and Stonehouse Construction, to complete more detailed engineering studies, which contingent upon results, are designed to potentially bring the project to production in a compressed timeframe. The company has completed its Phase 2 drilling program at Nangodi and received results for all 50 (6,627m) diamond core and Reverse Circulation (RC) holes drilled. The drill program was designed to support width and grade interpretations from previous drilling and provide key information for resource estimation of mineralization at Nangodi.

In detail the drill holes intersected quartz-carbonate+/-albite+/-minor sulfide veins and stockwork in quartz-feldspar-porphyry rock and surrounding sedimentary rocks in steeply dipping mineralized zones 20 to 70m (true widths) wide. Mineralization consists of gold in multi-gram zones several metres wide within broader zones of lower grade mineralization. Gold mineralization is strongest in host rocks adjacent to a major shear zone and related splays.

The shear zone is traceable for many kilometres at the surface within the concession and hosts the Youga >1 Moz deposit 25km to the northeast in Burkina Faso.