🕐11.09.08 - 19:41 Uhr
KEEGAN IDENTIFIES DRILL TARGETS OVER 10 KM IN STRIKE LENGTH USING GOLD-IN-SOIL A NOMALIES ON THE JENI PORTION OF ESAASE GOLD PROPERTY, GHANA
TSX-V: KGN AMEX: KGN
KEEGAN IDENTIFIES DRILL TARGETS OVER 10 KM IN STRIKE LENGTH USING
GOLD-IN-SOIL ANOMALIES ON THE JENI PORTION OF ESAASE GOLD PROPERTY, GHANA
Vancouver, September 11, 2008: Keegan is pleased to announce results on its
soil geochemical program from the Jeni Concession of the Esaase gold project
located in southwest Ghana.
The Jeni Concession was acquired in March of
this year.
Keegan has been testing the exploration potential of the property
with VTEM airborne surveys as well as follow-up soil sampling.
Keegan has
results from 1695 soil samples to date, which reveal coherent > 50 ppb soil
anomalies totaling over 10km in strike from three different structures along
prominent bedrock resistivity breaks within the underlying bedrock.
The
combination of soil anomalies and resistivity breaks were excellent
indicators of the significant initial 43-101 gold resource and subsequent
extensions and new parallel gold discoveries made on the contiguous Esaase
Concession to the northeast of Jeni.
Other similarities are the presence of
previously mined alluvial gold in small tributaries draining these exciting
new gold-in-soil discoveries.
Keegan plans to continue and expand on these
excellent results and will subsequently design trenching (where possible)
and drilling programs.
Please see www.keeganresources.com
for a map showing the location of the
mineralized structures and gold-in-soil anomalies
Dan McCoy, president and CEO of Keegan Resources states: "We are very
pleased to see the size and consistency of the drill targets as outlined by
the gold in soils geochem results at Jeni.
We believe that these multiple
structures have excellent potential to add to the already large and growing
resource revealed by drilling on the Esaase Concession."
Richard Haslinger, P.
Eng.
is the Qualified Person with respect to NI 43-101
at Esaase.
All soils are assayed using BLEG technique on a one kg sample by
Transworld Laboratories (GH) Ltd., Tarkwa, Ghana and QA/QC was ensured by
good repeatability from external standards.
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-VEN and on the 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
For more information please visit the company website at:
http://www.keeganresources.com or contact investor relations at 604-683-8193
or .
The TSX Venture and AMEX Exchange have not reviewed and do not accept
responsibility for the adequacy or the accuracy of this release.
This release includes certain statements that may be deemed forward-looking
statements.
All statements in this release, other than statements of
historical facts, that address future production, reserve potential,
exploration drilling, exploitation activities and events or developments
that the Company expects are forward-looking statements.
Although the
Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may
differ materially from those in the forward-looking statements.
Factors that
could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and
exploration successes, continued availability of capital and financing, and
general economic, market or business conditions.
Investors are cautioned
that any such statements are not guarantees of future performance and those
actual results or developments may differ materially from those projected in
the forward-looking statements.
For more information on the Company,
Investors should review the Companys filings that are available at
www.sedar.com .
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