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Asante Gold Appoints Two Consultants To Advisory Board

Mineral explorer Asante Gold Corp. (CVE:ASE) appointed consultants W.E. Jonah and Alan Mckerron to its advisory board, the company said Tuesday.

Nana Prah Agyensaim VI, also known as Jonah, was born in Obuasi, Ghana, West Africa. He graduated from the Metropolitan University of London and holds a BA in business law.

Jonah is a former member of the council of state presidential advisory board of Perseus Mining Ghana Limited, and former member of Maxam Mining Explosives. He resides in Accra, Ghana.

The second appointee, McKerron, is a former executive director of Anglo American Corp. and served in many capacities like chairmen of the New Mining business unit and vice president of Anglo American Corp. in Canada.

He was also past chairman of Kroondal Platinum and director of Aquarius Platinum. McKerron is a resident of Cape Town.

Asante's president and chief executive, Douglas MacQuarrie, said: "I have had the pleasure to work with each of these gentlemen for many years, and am confident that their insight, experience and vision will be invaluable to Asante as it continues its development."

Vancouver-based Asante is a gold exploration and development company, exploring the Fahiakoba concession found in the centre of Ghana's Golden Triangle. Its initial 5,000 metre drill program is underway.

Fahiakoba is a 22.07 square kilometre prospecting license located on strike with and between Perseus Mining's 4.32 million ounce Edikan Mine and AngloGold Ashanti's (NYSE:AU) 60 million ounce Obuasi mine.

Asante said the latter mine is the longest-producing, highest-grade and largest gold resource in West Africa.

Asante Gold holds a 100 percent interest in the Fahiakoba gold concession through an option agreement with Goknet Mining Company Limited of Accra, which holds the prospecting license. The deal is subject to a five percent government and a three percent underlying net smelter royalty interest.

The Fahiakoba property covers a part of the former Dunkwa Continental Mining Lease, where large scale gold dredging activities were active from 1930 for nearly 70 years on the Ofin River and its tributaries.

Asante Gold's share price traded at 33 cents apiece on Toronto's junior venture exchange on Tuesday afternoon.