Keegan Resources to buy new Ghana mining concession for $400,000

Keegan Resources says it has entered into a purchase agreement with Yetollas Mining Enterprise (YME) to acquire 100% interest in the Asuowin Concession within the Asankrangwa gold belt where it’s flagship Esaase Deposit occurs in Ghana.

Keegan is therefore required to make cash payments of $400,000 for the concession, the company said in a statement December 1, 2011.

According Keegan, the Property contains the Bilpraw Mine.

President and CEO Maurice Tagami, according to the statement said “The acquisition of the Asuowin Concession fits Keegan’s goal of pursuing additional nearby ounces by expanding its property position in order to aggressively continue exploration of the prolific Asankrangwa Belt while simultaneously pushing ahead with feasibility and permitting programs at the Esaase Project.”

By Ekow Quandzie