Keegan Resources Inc (TSX: KGN) reported “excellent” results from four holes of its 2009 resource expansion-drilling program at the Esaase property in southwest Ghana.
The results are from the part of the program targeting areas where Keegan had obtained significant grade widths at the end of its 2008 drilling program.
The results indicate even higher grade zones as can be seen by intercepts such as 10 metres of 6.04 grams per ton of gold and 22 metree of 10.31 g/t Au in hole 540, 25 metres of 3.59 g/t Au and 12.4 metres of 3.07 g/t Au from hole 541, and 29 metres of 3.04 g/t Au from hole 538.
President and CEO Dan McCoy commented: "These new results come from an area where block modeling, grade contouring and structural interpretation all suggest significant high grade potential at depth. Keegan intends to bring in a second drill rig in the near future to continue to test high quality targets both down dip and along strike as well as to continue to rapidly define the upper portions of the main deposit at Esaase.”