Keegan Resources Inc.
TSX VENTURE : KGN

Keegan Resources Inc.

December 11, 2007 08:02 ET

Keegan Resources Inc.: Esaase Project Stepout Holes and Trenching Continue to Hit High Gold Grades South of Esaase Resource

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 11, 2007) - Keegan Resources Inc. (TSX VENTURE:KGN) is pleased to announce the results of twelve new drill holes and three new trenches in the South Main Zone. Drill hole 179 and drill hole 192, south from the main zone intersected 30 meters of 4.41 g/t Au and 37 meters of 4.12 g/t Au. The trenches located south further south of the above mentioned drill results, included trench 83, 84 and 85 which intersected 15 meters of 1.45 g/t Au, 5 meters of 14.05 g/t Au, 22 meters of 3.9 g/t Au and 14 meters of 3.34 g/t Au. Drill hole 184 drilled between the South Main Zone and the resource Main Zone area intercepted 15 meters of 3.32 g/t Au. These new results indicate that the probable resource area as revealed by drilling and trenching now exceeds 2.2 km. Keegan has an additional eight holes pending assay from this area. Please see map and sections at www.keeganresources.com.

Table 1. Drill Hole and Trench Intercepts from South of the Resource Area at Esaase.



Drill holes
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Hole_ID From (m) To (m) Width (m) Grade (g/t Au)
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KERC173 110 137 27 0.66
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KERC177 55 67 12 0.85
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KERC177 135 143 8 0.66
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KERC179 14 42 28 0.7
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KERC179 52 96 44 0.81
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KERC179 104 134 30 4.41
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including 110 111 1 36.22
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including 116 117 1 72.34
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KERC181 No significant intercepts
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KERC182 No significant intercepts
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KERC184 91 106 15 3.32
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including 97 98 1 20.00
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including 105 106 1 22.10
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KEDD185 113 125 12 0.59
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KEDD185 133 142.4 9.4 0.53
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KERC186 81 91 10 0.89
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KERC189 16 21 5 0.57
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KERC192 32 69 37 4.12
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including 52 54 3 39.10
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KERC193 71 122 51 1.03
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including 3 4 1 108.00
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KERC194 6 21 15 2.01
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KERC194 34 54 20 0.86
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KERC194 114 133 19 1.52
----------------------------------------------------

Trenches
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Trench ID From (m) To (m) Width (m) Grade (g/t Au)
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TR7083 42 57 15 1.45
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TR7083 90 95 5 14.05
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TR7084 150 172 22 3.9
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including 161 168 7 9.41
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TR7085 17 31 14 3.34
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including 18 19 1 26.2
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including 24 25 1 16.9
----------------------------------------------------


Dan McCoy, President and CEO of Keegan states: "These results are very encouraging as they increase the size and grade of the gold resources at Esaase. Combined with the amenable geometry, favorable topographic expression and initial positive metallurgy, Keegan is getting closer to its goal of realizing a large, modern open pit mine. The deposit continues to remain open along strike, down dip and at depth."

Richard Haslinger, P. Eng. is the Qualified Person with respect to NI 43-101 at Esaase. RC samples were taken at one meter intervals under dry drilling conditions by geologic and resource consultant RSG Global, Inc. utilizing drilling and sampling techniques widely accepted in resource definition studies of other West African gold deposits. All reverse circulation drill samples are weighed on site. With trenches, approximately 3.5 kg of carefully channeled trench sample were taken at continuous one meter intervals from cleaned, dry trenches at the same level in the trench so as to closely resemble the kind of sampling done in drilling. All samples are using standard 50 gram fire assay with atomic absorption finish by Transworld Laboratories (GH) Ltd. in Tarkwa, Ghana or SGS Labs in Tarkwa, Ghana. QA/QC programs using internal and external standard samples, re-assays, and blanks indicate good accuracy and precision in a large majority of standards assayed. Intercepts were calculated to emphasize width rather than grade: a minimum of a 0.2 g/t cut off at beginning and end of the intercept and allowing for no more than six consecutive samples (six meters) of less than 0.2 g/t Au. All internal intercepts above 10 g/t Au are reported within the intercept. Intercepts of less than 5 meters or less than 0.5 g/t Au were not reported. Mineralization strikes approximately 30 degrees east of north and dips 45 to 60 degrees to the west. The drill holes are oriented 10 degrees south of north and are inclined at 45 degrees to the east, so true widths are estimated to be over 80% of the drilled widths. Trenching directions vary with topography, but in general, Keegan believes that true width exceeds 60% of the trench intersects.

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 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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

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