Keegan Resources Inc. ("Keegan") (TSX VENTURE: KGN)(AMEX: KGN) is pleased to announce results from step out drilling at the Esaase property. Highlights include 32 meters of 1.67 g/t Au in the B-1 zone, 25 meters of 1.51 g/t Au in the north extension, and 38 meters of 1.68 g/t Au in the south extension. While stepping out to the far north to test the possible extent of the main zone Keegan hit its first significant intercept, located 1.5 km north of the existing 43-101 resource. Hole 356 contained 11 meters of 1.46 g/t Au; mineralization is open along the full distance between this intercept and the resource zone. Please see www.keeganresources.com for a drill hole location map.
Table 1. Significant step out hole intercepts
from recent Esaase Drilling
--------------------------------------------
north, far north, and d-1 extensions
-------------------------------------------
From To Width Grade
Drill ID (m) (m) (m) (gt)
-------------------------------------------
-------------------------------------------
KERC392 206 232 26 1.39
including 229 230 1 10.1
KERC392 168 191 23 0.87
KERC395 191 216 25 1.51
KERC397 49 67 18 1.42
KERC397 95 105 10 1.25
KERC397 118 131 13 1.43
KERC397 207 219 12 1.37
KERC398 110 116 6 2.45
KERC400 154 160 6 1.63
KERC356 118 129 11 1.46
including 121 122 1 12.2
KEDD383 43 51 8 0.79
-------------------------------------------
-------------------------------------------
west, B-1 and south extensions
-------------------------------------------
From To Width Grade
Drill ID (m) (m) (m) (gt)
-------------------------------------------
KEDD336 130 135 5 0.98
KEDD336 172 183 11 0.5
KEDD336 326.4 345 18.6 0.83
KERC365 154 166 12 1.22
KEDD368 208.9 240.9 32 1.67
KEDD370 186 196.4 10.4 1.16
KEDD370 210 217.1 7.1 1.01
KEDD371 176 196 20 1.58
KERC374 116 147 31 0.8
KERC379 52 62 10 1.72
including 53 54 1 12.55
KEDD381 42 80 38 1.68
including 42 43 1 18.8
and 64 65 1 20.1
-------------------------------------------
Notes: All distance measurements in meters
and grades in gram per ton Au
4 members recommend this.
