AGORACOM News Flash

AGORACOM WIRE - TUESDAY MAY 29TH, 2012

CONTINENTAL ENERGY Geothermal Energy Project Receives US$ 11.5 Million Grant Read More * Client

SONOMAX completes $3 million equity financing Caisse de dépôt et placement du Québec contributes a significant portion of financing

“Sonomax Now A Proven Commodity In The Mining Sector”
Read Full Press Release; Read Why Sonomax?
Jump Into Active Discussion Forum
*Sponsor*

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc. Read More | *SPONSOR

INTERNATIONAL PBX VENTURES (TSX:PBX) Signs Copaquire Joint Venture Option Agreement - $90M Potential Payment Read More

LOMIKO METALS (TSXV:LMR) Graphite and Zinc Price Outlook is Favourable Through 2013 Read More | *SPONSOR

Close

Message: Provides Essase Gold Project Update and Resumes Drilling

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »

Clavis

Rank: [?]

President

Points: [?]

23987

Rating: [?]

Votes: 222 Score: 3.5

Currently 3.6/5 Stars.

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Provides Essase Gold Project Update and Resumes Drilling

posted on Jun 01, 09 09:57AM

June 1, 2009

Keegan Provides Essase Gold Project Update and Resumes Drilling

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 1, 2009) - Keegan Resources Inc. (TSX:KGN)(NYSE Amex:KGN) ("Keegan") is pleased to provide the following update on its flagship Esaase gold project.

Since, October 2006, Keegan has drilled 120,000 meters to date and released a 43-101 resource 2.025 M oz Au indicated averaging 1.5 g/t Au and 1.451 M oz Au inferred averaging 1.6 g/t Au using a 0.6 g/t Au cut-off. The 43-101 report was completed by Coffey Mining Ltd. and is available at www.sedar.com. Keegan, together with Coffey Mining, is also performing additional studies to examine the potential of screen fire assay to better estimate the deposit's coarse gold content (see NR dated March 2, 2009). Approximately 1400 samples have been selected to confirm the previous screen fire assay results, which identified a 28% increase in grade. This much larger sample set will be sent for analysis shortly.

On the project development front, Lycopodium Engineering Pty. Ltd., a mining engineering firm based in Perth Australia, is currently performing metallurgical and other initial engineering studies at the Esaase Project using composite samples as well as four large diameter core holes. Meteorological and stream flow monitoring are continuing as are community development projects. Knight and Piesold have also completed the field portion of a preliminary hydrological program.

On the exploration front, Keegan has resumed drilling on the Esaase project. In addition to exploration and infill drilling Keegan plans to also drill holes for the purpose of obtaining geotechnical and hydrological data.

President and CEO Dan McCoy states: "Keegan is pleased to have advanced its Esaase project to a point where it is sufficiently financed to continue to aggressively advance project developments as well as continue to explore some of numerous untested targets."

About Keegan Resources

Keegan is a junior gold company offering investors the opportunity to share ownership in the rapid exploration and development of high quality pure gold assets. The Company is focused on its wholly owned flagship Esaase and Asumura gold projects located in Ghana, West Africa. Managed by highly skilled and successful technical and financial professionals, Keegan is well financed with no debt. Keegan is also strongly committed to the highest standards for environmental management, social responsibility, and health and safety for its employees and neighboring communities. Keegan trades on the TSX and the NYSE AMEX under the symbol KGN. More information about Keegan is available at www.keeganresources.com.

On Behalf of the Board

Dan McCoy, Ph.D., President & CEO

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »