African Gold Group, Inc. is pleased to announce that it has entered into a long term contract with BLY (Boart Longyear) Mali S.A. to provide a minimum of 10,000 metres of diamond drilling at AGG's Kobada, Mali concession. Mobilization of all equipment and supplies is currently underway.

The Kobada concession is located in the Kangaba region of Mali. It hosts a significant anomaly that is defined by 12 kilometres of strike length with a corresponding width of 1 kilometre. This anomaly has greater than 500 ppm Arsenic-in-soil geochemistry with coincident extensive artisanal surface, hardrock and placer mining activity. Previous work on the concession, commencing in the 1980's, approximated US$3.5 million and was undertaken by French exploration entities: BRGM, La Source and Cominor (COGEMA). Their collective work comprised surface geochemical and geophysical surveys, 1,736 metres of AirCore drilling, 13,200 metres of RC drilling and 913.4 metres of diamond drilling. Their initial primary target within the 12 kilometre strike length that comprises the Kobada Trend has been a 1 kilometre zone of extensive artisanal hardrock mining activity referred to as "Zone 1" (see attached maps).

In November - December of 2005 African Gold Group, Inc. launched its initial exploration program at Kobada with two distinct objectives:

  • Verify and confirm the historical exploration work undertaken by Cominor (COGEMA).
  • Test the mineralization to depth and obtain samples of previously untested bedrock mineralization below the saprolite horizon.

Results and Analysis

The Results from AGG's 2005, 6 diamond drill hole campaign, totaling 1,033 metres, were disseminated in a press release issued on February 23, 2006, and are re-shown in Table 1 below.

TABLE 1           RESULTS FROM AGG's 2005 DIAMOND DRILLING CAMPAIGN

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From To Interval Au Ag
HOLE ---------------------------------------------------------
NUMBER m M m g/t g/t
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KB05-1 36.00 42.00 6.00 2.93
KB05-1 85.50 105.00 19.50 0.29
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KB05-2 51.00 72.55 21.55 1.11
KB05-2 incl. 51.00 60.40 9.40 1.20
KB05-2 120.50 122.50 2.00 0.75 38.7
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KB05-3 BEDROCK 106.50 144.00 37.50 1.23
KB05-3 incl. 106.50 111.00 4.50 3.91
KB05-3 126.00 129.00 3.00 4.40 6.1
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KB05-4 52.50 100.50 48.00 2.95
KB05-4 incl. 81.30 100.50 19.20 5.91
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KB05-5 BEDROCK 112.50 151.00 38.50 1.58
KB05-5 incl. 136.00 148.00 12.00 3.50
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KB05-6 BEDROCK 115.00 132.00 17.00 0.82
KB05-6 incl. 116.00 123.70 7.70 1.31
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"The above results provide AGG with the confidence to move aggressively with the development of the Kobada Gold Project, initially within the targeted 1 kilometre strike length within "Zone 1" of the concession and subsequently over the entire 12 kilometre strike length that comprises the Kobada Trend. AGG has successfully demonstrated oxide gold mineralization to a depth of approximately 125 vertical metres in saprolite, and furthermore have extended the gold mineralization an additional 25 metres into bedrock. The bedrock mineralization is characterized by intense veining/silification and disseminated arsenopyrite in intercalated argillites and greywackes and this mineralization remains open to depth. As previously stated, the thickness of the saprolite horizon bodes well for demonstrating the potential for a low cost surface deposit that will ideally compliment the deeper resource potential. The occurrence of very high grades of gold along with the presence of free gold strengthens the economic potential of this mineralization. Results to date emanate from within approximately 300 metres of the 1 kilometre primary target (Zone 1) and indicates a broad zone averaging 30 metres in width with an associated grade averaging between 1.0 and 3.0 grams per tonne. Furthermore, we are encouraged by the identification of mineralized cross structures intersected in KB05-6, which further adds to the broader potential of this new gold trend,"

Greg Hawkins, P. Geo., Technical Director, AGG.

Published in News Releases

African Gold Group, Inc., is pleased to report that its 2,000 metre, Phase I diamond drill campaign has commenced at the Kobada concession in Mali, West Africa.


As stated in the Company's press release of August 2, 2005, "Previous work, totaling approximately €5,000,000, of which a considerable percentage was directed to the exploration of the Kobada concession, has indicated some very encouraging results in both diamond and RC drill programs. In order to properly and fully report on those results, to an acceptable standard, AGG will be undertaking a confirmation of the historical database by way of diamond drilling some twinned holes, as well as, some deeper holes to gain a better understanding of the as yet unexplored bedrock geology of the Kobada trend. Drilling to date has reached depths of 125 vertical meters without completely penetrating the saprolite horizon or intersecting bedrock. This is an unusual situation but one that bodes well for demonstrating a low cost surface deposit, that will hopefully complement the deeper resource potential," states Director, Greg Hawkins, P. Geo.

All samples from this drill program will be shipped to Eco-Tech Laboratory Ltd. of Kamloops, Canada, for analysis.

African Gold Group, Inc., based in Toronto, is engaged in the identification, acquisition and exploration of prospective gold projects that are situated along significant gold trends within West Africa. The Company's immediate focus is to systematically explore both surface, and in particular, subsurface targets that have been identified within the Company's current portfolio of gold mineralized concessions.

Published in News Releases

African Gold Group, Inc., wishes to advise shareholders that its on site project manager reports a bridge, critical for crossing the Fie River, en route to its Kobada concession in Mali, West Africa, has become submerged under water due to very recent heavy rains.

AGG's anticipated Phase I diamond drill program will commence as soon as possible following the receding of the flood waters. All equipment and personnel are in place in Mali and ready to proceed to the Kobada concession as soon as logistically feasible.

As stated in the Company's press release of August 2, 2005, "Previous work, totaling approximately €5,000,000, of which a considerable percentage was directed to the exploration of the Kobada concession, has indicated some very encouraging results in both diamond and RC drill programs. In order to properly and fully report on those results, to an acceptable standard, AGG will be undertaking a confirmation of the historical database by way of diamond drilling some twinned holes, as well as, some deeper holes to gain a better understanding of the, as yet unexplored, bedrock geology of the Kobada trend. Drilling to date has reached depths of 125 vertical meters without completely penetrating the saprolite horizon or intersecting bedrock. This is an unusual situation but one that bodes well for demonstrating a low cost surface deposit, that will hopefully complement the deeper resource potential," states Director, Greg Hawkins, P. Geo.

All historical drill holes that are to be "twinned," in order to confirm the historical data base, have already been GPS located in the field with location identification markers in place to assist the drill crew with rig placement.

Corporate Update

Mr. T. Greg Hawkins has relinquished the title of interim CEO, effective August 31, 2005, following 6 months service in that capacity, in order to return to his primary focus on the geo-technical aspects of the Company's exploration and development programs in Ghana and Mali, West Africa.

Mr. Ben Adoo, Managing Director, AGG (Ghana) Ltd. and Chairman, African Gold Group, Inc., along with Michael A. Nikiforuk, President, African Gold Group, Inc., will jointly oversee all of the administrative and managerial functions of the Company going forward.

African Gold Group, Inc., based in Toronto, is engaged in the identification, acquisition and exploration of prospective gold projects that are situated along significant gold trends within West Africa. The Company's immediate focus is to systematically explore both surface, and in particular, subsurface targets that have been identified within the Company's current portfolio of gold mineralized concessions.

Published in News Releases

African Gold Group, Inc., is pleased to announce that the private placement of up to 1,000,000 common shares in the capital of AGG, at $1.25 per common share, as detailed in the Company's press release dated July 13, 2005, has closed and was oversubscribed.

The Company has issued 1,040,000 common shares of its capital, at $1.25 per common share, for gross proceeds of $1,300,000. The securities issued under the private placement are subject to a four month resale restriction that remains in effect until November 30, 2005. The financing has received conditional approval from the TSX-Venture Exchange.

The private placement was non-brokered, however, the Company has issued a finders fee in the amount of 5% of gross proceeds, equal to $65,000, plus 104,000 warrants representing 10% of the shares issued in this private placement. Each finders warrant entitles the holder to acquire one common share at $1.40 per share for a (24) twenty four month period, from the date of closing.

Proceeds from this placement will facilitate the continuation of work programs at the Company's Ghana gold concessions, plus an immediate mobilization effort to undertake a 1,000 meter diamond drill program, that is intended to confirm or verify drill results previously generated by The BRGM and Cominor S.A., at the Company's recently acquired Kobada concession in Mali, West Africa.

"Previous work, totaling approximately €5,000,000, of which a considerable percentage was directed to the exploration of the Kobada concession, has indicated some very encouraging results in both diamond and RC drill programs. In order to properly and fully report on those results, to an acceptable standard, AGG will be undertaking a confirmation of the historical database by way of diamond drilling some twinned holes, as well as, some deeper holes to gain a better understanding of the as yet unexplored bedrock geology of the Kobada trend. Drilling to date has reached depths of 125 vertical meters without completely penetrating the saprolite horizon or intersecting bedrock. This is an unusual situation but one that bodes well for demonstrating a low cost surface deposit, that will hopefully complement the deeper resource potential,"

 CEO, Greg Hawkins, P. Geo.

Published in News Releases

African Gold Group, Inc., is pleased to announce the terms of a private placement of up to 1,000,000 common shares in the capital of AGG at $1.25 per common share for gross proceeds, if fully subscribed, of $1,250,000 to AGG. The securities issued under the private placement are subject to a four month resale restriction and the entire placement is subject to TSX Venture Exchange approval.

Proceeds from this placement will address general working capital requirements, the continuation of work programs at the Company's Ghana gold concessions, plus an immediate mobilization effort to undertake a 1,000 meter diamond drill program, that is intended to confirm or verify drill results previously generated by The BRGM and Cominor S.A., at the Company's recently acquired Kobada concession in Mali, West Africa.

"Previous work, totaling approximately €5,000,000, of which a considerable percentage was directed to the exploration of the Kobada concession, has indicated some very encouraging results in both diamond and RC drill programs. In order to properly and fully report on those results, to an acceptable standard, AGG will be undertaking a confirmation of the historical database by way of diamond drilling some twinned holes, as well as some deeper holes, to gain a better understanding of the as yet unexplored bedrock geology of the Kobada trend. Drilling to date has reached depths of 125 vertical meters without completely penetrating the saprolite horizon or intersecting bedrock. This is an unusual situation but one that bodes well for demonstrating a low cost surface deposit, that will hopefully complement the deeper resource potential,"

CEO, Greg Hawkins, P. Geo.

Published in News Releases
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