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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, BRITISH COLUMBIA--(MARKET WIRE)--Sep 11, 2008 -- Keegan (CDNX:KGN.V - News)(KGN - News) 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 greater than 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. To view the map accompanying this release please click on the following link: http://media3.marketwire.com/docs/kgn911m1.JPG. 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 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 Company's filings that are available at www.sedar.com.
Contact: Contacts:
Keegan Resources Inc. - Investor Relations
Dan McCoy, Ph.D.
President & CEO
(604) 683-8193
Email: info@keeganresources.com
Website: http://www.keeganresources.com
Source: Keegan Resources Inc.
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