Asanko Gold reports improvement in ore grade and ounces from monitoring blast movement at its Nkran pit, Ghana
BMT’s blast movement technology was singled out by Asanko Gold as delivering material improvements in ore grade and ounces in its September Operational Update*. Key highlights include:
Reserve reconciliation showing significant improvement comparing the mill feed to the reserve model over last three months
– Mill feed grades in August were 2% above reserve grades
– Mill feed to reserve model reconciliation of 100% in August
Blast movement technology contributing significantly to mining reconciliation improvements
Results in August were a significant improvement over July and June. August showed a 2% positive variance on ore grade (102% in August compared with 88% in July and 90% in June) and a 100% reconciliation on ounces (100% in August compared with 96% in July and 82% in June).
Asanko implemented BMT’s Blast Movement Monitor (BMM) System to monitor movement in its production blasts in July 2017. See Asanko’s earlier announcement.
“During July, BMT’s consultant, Dzigbordi Akorli, trained Nkran’s geology team, who have used this knowledge to optimise monitoring of ore/waste boundary movement and to translate this movement into new dig lines,” said Jacques Janse, CEO, Blast Movement Technologies. “Obviously, these process improvements have delivered the expected results for Asanko and underpin their ability to deliver the planned grades and volumes of ore.”
Asanko Gold Announcement
Peter Breese, President and CEO, commented “The mining interventions we put in place in July at Nkran are starting to yield very encouraging results and the blast movement technology is making a significant contribution to the management of ore losses and dilution, as evidenced by the positive variances we are seeing in grade and ounces. The continued positive resource and reserve reconciliations clearly confirm the Life of Mine plan with respect to our future expansions”. Read the full Asanko operational update here, read Peter Breese’s Denver Gold Forum presentation or watch the webcast.
Mill Feed vs. Reserve Model Reconciliation showing improvements in August*
On Sept. 22, financial services firm Raymond James rated Asanko Gold as “Outperform” (setting a price target of $3.50 per share, a significant increase from the current price of $1.26).
Analyst Chris Thompson reported,“we note the mill feed reconciliation vs. the reserve model has been improving, from 82% of expected ounces in June, to 100% of expected ounces in August, primarily due to the addition of a blast monitoring system in July.” Read more at www.stockhouse.com