Asante continues to evaluate SMD at Kubi

2019-06-11T12:17:41+00:00 June 11th, 2019|News|

Asante Gold continues to evaluate the Sustainable Mining by Drilling (SMD) technique for application at its Kubi gold mine in Ghana.

The Kubi gold mine is 16km south of AngloGold’s Obuasi mine along the prolific Ashanti Gold Belt in Ghana. SMD is a large bore precision drilling method that enables direct mining of narrow deposits and this method is being developed and commercialised by Anaconda Mining, in collaboration with Memorial University of Newfoundland and uses technology proven in other industries.

Anaconda has announced a ’proof of concept’ field trial at one of their deposits in Newfoundland, targeting to start up in late August / September with the trial lasting around two months.

According to Douglas MacQuarrie, president and CEO of Asanti, the SMD method has many advantages over conventional narrow underground mining techniques and appears well suited to the more than five gramme a tonne mineralisation at Kubi.

“Asante is excited about the potential for this new ‘disruptor’ technology to transform Kubi from a gold deposit to a gold producer. Like the invention of hydraulic fracking turned previously uneconomic gas and oil deposits into highly economic production, so SMD mining has the potential to unlock major value in the narrow, hard rock mining space. We will continue to closely monitor developments as they occur,” says MacQuarrie.