Viking Ashanti (ASX: VKA) has added new substantial shareholder Manson Group and Kevin Manson Holdings to its register after the collective group acquired around 3.5 million shares in the company.
The Manson Group holds 3.2 million shares, while Kevin Manson Holdings has 241,000 shares, giving the pair a combined 5% share in Viking Ashanti.
They became a substantial holder after the Manson Group purchased an additional 354,827 shares for a consideration of A$53,365, providing an average entry price of $0.15.
Viking Ashanti recently increased its gold Resource for its wholly owned Akoase East gold project in southern Ghana by 40%.
The project now hosts an Inferred JORC Resource of 18 million tonnes at 1.2 grams per tonne (g/t) for 704,000 ounces of contained gold.
The updated resource model has outlined multiple sub-parallel zones of mineralisation over a strike length of 3 kilometres, from surface to an average depth of 120 metres.
The Akoase East deposit remains open at depth, and along strike to the northeast.
Indicating the potential of the project, last month Viking Ashanti unearthed the thickest, highest grade gold intercept yet.
A diamond core tail was drilled to extend on a previous high grade intersection of 15 metres at 4.67g/t gold.
The tail intersected 16 metres at 10.82g/t gold, bringing the total intercept to 31 metres at 7.84g/t.
Further upside is that the new resource model has confirmed that higher grade mineralisation is best developed in the area of the previously unexplored Alimac prospect, where the thickest and highest grade drill intercepts have recently been reported.
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