Keegan Resources Inc.

Keegan Resources Inc.

April 20, 2007 13:58 ET

Keegan Resources Inc.: Resource Trenching Program Identifies Higher Gold Grades at Esaase Gold Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 20, 2007) - Keegan (TSX VENTURE:KGN) is pleased to release the results of 22 new trench intercepts from its resource trenching program (see table 1). The results listed below are from trenches sampled during drill road preparation for Keegan's ongoing 2007 RC resource drilling program. Significant intercepts, encountered in 21 of 22 trenches, include 21 meters of 9.41 g/t Au, 72 meters of 1.19 g/t Au, and 58 m of 1.17 g/t Au. Fourteen out of twenty one of the significant intercepts terminated at the end of the trench leaving the zone open. It should be noted that in the resource trenching program larger volumes of samples from carefully surveyed continuous 1 meter channel samples are taken versus 5 m channel samples as were taken in exploration trenches. These larger 1 m samples are more representative and will be used in calculating resources.

Keegan has also re-sampled many of the original reconnaissance trenches that were sampled on five meter intervals, originally released in the fall of 2006. A comparison of the new one meter resource samples and the original five meter reconnaissance samples indicates that the one meter samples are averaging 30% higher in grade (see for analysis). Keegan has seen a similar consistent increase in the grade of its larger reverse circulation samples compared to the much smaller core samples. At present, total strike length of resource trenching of outcropping mineralization is approximately 1100 meters along strike and open in both directions (see for maps showing all resource trench locations).

Table 1. Gold Intercepts from New Resource Trenching Program

Trench From To Width Grade position

TR7002 119 135 16 1.02
TR7003 no significant intercepts
TR7008 7 14 7 1.78
TR7009 0 71 71 0.95 begin
TR7010 0 13 13 2.32 begin
including 9 10 1 10.70
TR7011 0 21 21 9.41 Beg.; end
including 7 8 1 65.33
and 15 16 1 72.27
and 17 19 2 15.71
TR7011 31 32 1 20.48
TR7011 43 51 8 1.27
TR7012 51 73 22 1.57 end
TR7014 15 44 29 0.74
TR7014 58 73 15 1.67
TR7016 0 9 9 0.54
TR7017 6 35 29 0.58
TR7018 15 36 21 2.35 end
including 33 34 1 23.87
TR7019 39 51 12 0.51 end
TR7020 0 15 15 1.28 end
TR7022 26 98 72 1.19
TR7023 10 17 7 0.52 end
TR7024 48 83 35 0.70 end
TR7026 0 28 28 1.52 end
including 17 18 1 11.53
TR7027 26 128 102 0.75 end
TR7028 5 19 14 2.98 end
TR7029 43 70 27 1.19
TR7029 92 100 8 1.87 end
TR7032 2 38 36 0.69
TR7032 50 68 18 0.52
TR7032 80 138 58 1.17
including 116 117 1 13.87
TR7033 17 40 23 1.49 end

Dan McCoy, President and CEO of Keegan, states: "These results continue to demonstrate the excellent gold grade continuity and strike length necessary for a large, low cost open pit gold mining operation. We will continue to trench to define the surface outcroppings of the deposit and are also continuing to define down dip and strike extensions with our existing drill program."

Richard Haslinger, P. Eng. is the Qualified Person with respect to NI 43-101 at Esaase. Approximately 3.5 kg of carefully channeled trench sample were taken at continuous one meter intervals from cleaned, dry trenches. All drill samples are assayed using standard 50 gram fire assay with atomic absorption finish by Transworld Laboratories (GH) Ltd. 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. Geologic and resource consultant RSG Global, Inc., who has used similar resource trenching techniques on other West African gold deposits, supervised the sample collection, surveying and the QA/QC program.

Intercepts were calculated using a minimum of a 0.2 g/t cut off at beginning and end of the intercept and allowing for no more than five consecutive samples (five meters) of less than 0.2 g/t within the intercept. All internal intercepts above 10 g/t Au are reported within the intercept. Intercepts of less than 5 meters were not reported except when individual samples assayed greater than 10 g/t Au.

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 owns the right to earn 90% of its flagship Esaase and Asumura gold projects located in Ghana, West Africa. Managed by highly skilled and successful board members and advisors, Keegan efficiently executes its project development plans and 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 neighbouring communities. Keegan trades on the TSX-VEN under the symbol KGN. More information about Keegan is available at

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

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

Contact Information