Asante cleared to mine third Bibiani satellite pit
Canada-headquartered gold miner Asante on Thursday announced the start of mining at its third satellite pit at the Bibiani mine, in Ghana.
Located 3.8 km from the Bibiani process plant, the Russel deposit contains 119 000 oz of measured and indicated gold resources (openpit) at a grade of 1.80 g/t with mineralogy similar to the Bibiani main pit.
“This is the third satellite pit explored, defined and optimised by Asante since acquiring the Bibiani properties, and the start of production at Russel represents another successful milestone on our journey to grow Asante’s production to more than 500 000 oz by 2028,” stated president and CEO Dave Anthony.
“Approval for mining at Russel follows other major catalysts, including the re-routing of the Bibiani-Goaso highway, which will allow us to access additional oxide mineralised material, and further progress on the construction of the Bibiani sulphide treatment plant.
“Once fully ramped up, Bibiani-Chirano will be the seventh-largest gold-producing district in Africa and the only tier one gold district in Africa held outside of a major gold producer,” said Anthony.
The Russel Starter Pit will operate for the first 15 months and will be followed by Russel Cut 2. It is projected to deliver a total of 1.9-million tonnes at 1.62 g/t over a period of 30 months to the Bibiani process plant. This material will supplement production from the Main Pit oxides, which have been unlocked after the diversion of the Bibiani-Goaso highway.
The Russel Starter Pit is just over 390 m in strike and will reach a depth of 168 m from surface.
Asante is in the process of extending the known Russel resource down plunge and along strike to the south. Current drilling is expected to not only convert inferred mineralisation, but to confirm the suitability of the resource for underground mining methods.
The company will undertake a preliminary study into the potential transition to underground mining at Russel.
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