REG-Ashanti Gold Corp releases an exploration update at the Anumso Gold Project <Origin Href="QuoteRef">GLDP.L</Origin>

GoldplatAnnouncement

13/10/2017 07:00

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 Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
13 October 2017
Goldplat plc ('Goldplat' or 'the Company')

Ashanti Gold Corp releases an exploration update at the Anumso Gold Project

Goldplat, the AIM quoted gold producer with international gold recovery
operations located in South Africa and Ghana and a gold mine in Kenya, notes
the announcement released by Ashanti Gold Corp. ('Ashanti') in relation to
Goldplat's Anumso Gold Project in Ghana ('Anumso'), in which Ashanti has the
right to earn up to 75% of Goldplat's interest by expending US$3million on
exploration work.  

Ashanti has identified broader and new mineralised zones at Anumso, which are
in aggregate 480m wide in certain areas of mineralisation, following soil
sampling. Approximately 1,200 samples revealed multiple zones of mineralised
Banket conglomerate. The soil samples tested returned samples with over 30 ppb
gold ('Au'), with 24 samples containing more than 100 ppb Au. Results from
initial metallurgical test work on oxidised and unoxidised mineralised samples
were encouraging; strong gold recovery by cyanidation was observed and an
initial Extended Gravity Recoverable Gold test was conducted on an unoxidised
composite, which indicated that up to 72.9% of the gold may be recoverable by
gravity methods.  Further work to optimise process conditions and evaluate
variability is planned by Ashanti.

To read the full announcement released by Ashanti in compliance with NI
43-101, please visit Ashanti's website: https://ashantigoldcorp.com/news/2017

 ** ENDS **

For further information visit www.goldplat.com, follow on Twitter @GoldPlatPlc
or contact:

 Gerard Kisbey-Green             CEO Goldplat plc                           Tel: +27 (71) 8915775      
 Colin Aaronson / Daniel Bush    Grant Thornton UK LLP (Nominated Adviser)  Tel: +44 (0) 20 7383 5100  
 Andrew Raca / Justin McKeegan   VSA Capital Limited (Broker)               Tel: +44 (0) 20 3005 5000  
 Charlotte Page / Susie Geliher  St Brides Partners Ltd  (Financial PR)     Tel: +44 (0) 20 7236 1177  

The information contained within this announcement is considered to be inside
information, for the purposes of Article 7 of EU Regulation 596/2014, prior to
its release.

About
Goldplat                                                                                               

Goldplat plc is an AIM quoted gold producer with two market leading recovery
operations in South Africa and Ghana and an operational gold mine in
Kenya.   The Company produced 42,857 ounces of gold during FY 2017, with
40,285 gold equivalent ounces sold and transferred, resulting in an operating
profit from continuing operations of £2.9m for the year.  This result does
not benefit from the increased processing capacity that was achieved at the
Kilimapesa Gold Mine towards the end of FY 2017, with operational
profitability achieved during last two months of FY 2017.  Accordingly, the
Company believes it is well placed to build upon production and profitability
during FY 2018.

The Company's strategy is focussed on utilising cash flow generated from its
flagship gold recovery and mining operations to self-fund the sustainable
growth and expansion of its niche gold recovery business model
internationally. The Company is also committed to increasing its primary
mining production output through acquisition / gaining interests in producing
or near-production assets, preferably in Africa.  Goldplat retains exposure
to a small exploration project in Ghana, in which Ashanti Gold Corp. is
earning an interest via an earn-in option agreement.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of
Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein.
Source: Goldplat plc via Globenewswire