Douglas MacQuarrie
Independent Director at Asante Gold (CSE:ASE; GSE:ASG; FSE:1A9) #corpasantegold- Claim this Profile
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Asante Gold (CSE:ASE; GSE:ASG; FSE:1A9) #corpasantegold
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Ghana
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Mining
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1 - 100 Employee
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Independent Director
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Sep 2023 - Present
Vancouver, British Columbia, Canada
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Chairman of the Board
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Mar 2022 - Sep 2023
Accra, Greater Accra, Ghana
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President & CEO
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Jan 2011 - Mar 2022
Accra, Greater Accra, Ghana Asante Gold Corporation was established in 2011 to focus on high-grade gold mine discovery and development in Ghana. High grade because the grade is a "King" in mining - cash flow remains positive through difficult economic conditions - as opposed to the low-grade open cut mines that are forced to close. Gold - because it is one of the few commodities that is actually, and has been for more than 5,000 years, money. And Ghana - because it has a long history of large scale mining, dependable… Show more Asante Gold Corporation was established in 2011 to focus on high-grade gold mine discovery and development in Ghana. High grade because the grade is a "King" in mining - cash flow remains positive through difficult economic conditions - as opposed to the low-grade open cut mines that are forced to close. Gold - because it is one of the few commodities that is actually, and has been for more than 5,000 years, money. And Ghana - because it has a long history of large scale mining, dependable governmental oversight, and is currently the largest gold producer in Africa and number 7 in the World. Asante is currently a gold exploration, development and operating company with a high-quality portfolio of projects and mines in Ghana. Asante is operating the Bibiani and Chirano Gold Mines and continues with detailed technical studies at its Kubi Gold Project. All mines and exploration projects are located on the prolific Bibiani and Ashanti Gold Belts. Asante has an experienced and skilled team of mine finders, builders and operators, with extensive experience in Ghana. The Company is listed on the Canadian Securities Exchange, the Ghana Stock Exchange and the Frankfurt Stock Exchange. Asante is also exploring its Keyhole, Fahiakoba and Betenase projects for new discoveries, all adjoining or along strike of major gold mines near the centre of Ghana’s Golden Triangle.
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President & CEO
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Jan 2002 - Jan 2011
Vancouver, Canada Area PMI Gold Corporation was a shell company in 2002. In 2003, I brought the Ashanti II Gold project to PMI - a collection of contiguous gold prospecting licenses on the Asankrangwa Gold Belt in Ghana. In 2006 PMI acquired the Kubi Gold project from Nevsun Resources, and in 2007 acquired the former Resolute Nkran (Obotan) mine property after the pit had been mined out. By 2009 deep drilling under the old pit encountered strong gold mineralization and by 2011 some 5 million ounces of resources… Show more PMI Gold Corporation was a shell company in 2002. In 2003, I brought the Ashanti II Gold project to PMI - a collection of contiguous gold prospecting licenses on the Asankrangwa Gold Belt in Ghana. In 2006 PMI acquired the Kubi Gold project from Nevsun Resources, and in 2007 acquired the former Resolute Nkran (Obotan) mine property after the pit had been mined out. By 2009 deep drilling under the old pit encountered strong gold mineralization and by 2011 some 5 million ounces of resources were indicated. Hard work, some luck and discovery transformed a $1M market cap company to in excess of $180M over say an 8 year period - or compounded, over a 90% return per year. High-grade gold in the ground is an asset waiting for a positive gold market and development. Show less
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Director
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Jan 1975 - Jan 2002
Vancouver, Canada Area My first job was exploring a gold/tungsten property in the Yukon at the age of 17. I have worked continuously in the industry since then - primarily as an exploration geophysicist/geologist and then since 1985 in various consulting and corporate positions from Director to CEO with junior listed companies. Co-discovered the ABO gold deposit in British Columbia in 1983 - a circa 500,000 oz gold deposit. The first project in Ghana I discovered the circa 500,000 oz Adansi Asassi gold deposit at… Show more My first job was exploring a gold/tungsten property in the Yukon at the age of 17. I have worked continuously in the industry since then - primarily as an exploration geophysicist/geologist and then since 1985 in various consulting and corporate positions from Director to CEO with junior listed companies. Co-discovered the ABO gold deposit in British Columbia in 1983 - a circa 500,000 oz gold deposit. The first project in Ghana I discovered the circa 500,000 oz Adansi Asassi gold deposit at Asokwa Junction near Obuasi in 1994. I co-founded Goknet Mining Company in 2001 which became the vehicle for acquiring prospecting licenses in Ghana. Goknet acquired 13 concessions along the Asankrangwa belt and entered into a joint venture with PMI in 2002, culminating in its purchase by Keegan (Asanko Gold) in 2013. Show less
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Education
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The University of British Columbia
Bachelor of Science - BS, Combined Honours in Geology & Geophysics