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Ashanti Gold Corp.

10:52 AM EST - Ashanti Gold Corp. : Announced positive initial metallurgical test work for Kossanto East mineralized material. These metallurgical studies were conducted on oxidized and unoxidized mineralized samples from the Gourbassi East and West target zones on the Kossanto East project, Mali. The samples represented a range of head grades. Samples were shipped to Blue Coast Research in Parksville, B.C. Canada for gold recovery tests. Ten composite samples representing a total mineralized mass of 90.8 kg were tested. Ashanti Gold Corp. shares V.AGZ are trading unchanged at $0.09.