TORONTO, CANADA, – African Gold Group, Inc., is pleased to report that auger drilling at Kobada, Mali has intercepted highly anomalous gold values located on Section 700S. Section 700S represents a 400 meter step-out to the north of the 43-101 inferred resource estimate that contains AGG’s Zone 1 gold deposit. The anomaly is clearly intercepted by projecting the orientation of the Zone 1 deposit 400 meters north, along strike, through Section 700S. AGG interprets the interception of the anomaly on Section 700S as escalating the potential for extending the Zone 1 deposit a further 400 meters north, along strike.
The assay results depicting the 15 auger drill holes are listed in Table 1 below:
African Gold Group, Inc., is pleased to report the analytical results for six near surface (oxide), reverse circulation (RC), step-out drill holes, from the Company’s Kobada, Mali gold project. All six holes represent northern step out holes that were collared up to 100 meters north of the Zone 1 deposit.
Near Surface (Oxide) Drill Highlights From Northern Step-Out Holes Include:
The assay results depicting the 6 near surface, (oxide) northern step-out RC holes are listed in Table 1 below:
KBRC11-140 INTERCEPTS 42 METERS OF 1.50 g/t Au IN NEAR SURFACE RC HOLE
African Gold Group, Inc., is pleased to report the analytical results for 17 near surface (oxide), reverse circulation (RC), step-out drill holes, from the Company’s Kobada, Mali gold project. All 17 step-out drill holes were collared approximately 5 kilometers south-east of the Zone 1 deposit. The drill holes being reported in this release represent the first drilling ever undertaken in this area of the Kobada gold project. AGG has named this new gold discovery zone the Gossokorodji (“Gosso”) Target.
Near Surface (Oxide) Drill Highlights From the Gosso Step-Out Holes Include:
Gosso represents one of seven geophysical targets that exhibit characteristics similar to Kobada’s Zone 1 deposit. Paterson, Grant & Watson Ltd., (2010) classified this target as a Priority 1 airborne geophysical target characterized by: 1) a 250 meter wide ENE interpreted fault zone with numerous NNE inferred faults; 2) a highly anomalous magnetic alteration zone along the western edge of the contact of the basement rock with an interpreted granitoid intrusion; 3) a zone of potassium (K) enrichment, coincident with a southern magnetic alteration zone in the region of a strong ENE-NNE deformation; and 4) an arsenic anomaly located over the ENE faults in the Mag/K alteration zone in the southwest corner of the target. The target is coincident with artisanal gold diggings. Lastly, the 2011 gold geochemical survey conducted on a 80 meter by 400 meter grid also indicates a ENE trend cutting through the geophysical target. No outcrop was observed during the survey within this target.
To date, two of seven geophysical targets have been drill tested: Foroko North and Gosso, drilling at both targets has yielded the discovery of new zones of gold mineralization that are completely off trend of the Zone 1 deposit.
The assay results depicting the 17 near surface, (oxide) Gosso step-out RC holes are listed in Table 1 below: