Viking Ashanti (ASX: VKA) non-executive chairman John Gardner has acquired an extra 160,000 shares on-market raising his total shareholding to over 7 million shares.
Gardner paid a total consideration of A$14,272, providing an average entry price of $0.0892 per share.
He also holds around 1.4 million options exercisable at $0.18 on or before 31 August 2014 and 1.5 million options exercisable at $0.345 on or before 31 December 2012.
Viking Ashanti, which holds a strategic land position within the highly prospective Ashanti Gold Belt in southern Ghana, recently re-commenced a drill program at its flagship Akoase gold project, following encouraging drilling results.
Akoase has an Inferred JORC Resource of 704,000 ounces.
Viking Ashanti recently identified near surface higher grade zone at Akoase, with a best intercept of 31 metres at 7.84 grams per tonne (g/t) gold including 16 metres at 10.82g/t gold, transforming the potential to expand the resource.
Importantly, this potential is further increased with the resource open at depth and to the northeast, with drilling only having been carried out to 120 metres depth.
Soil geochemistry has defined nine new targets related to parallel faults.
Only around 6 kilometres of the 11 kilometre strike length of the Kadewaso structural corridor has been tested by drilling so far.
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