ZONE 1 STRIKE EXTENDS TO 3,300 METERS - REMAINS OPEN
TORONTO, CANADA, June 01, 2011 – African Gold Group, Inc., (“AGG” or the "Company”) is pleased to report the analytical results for 14 near surface (oxide), reverse circulation (RC), step out drill holes. All 14 step out RC drill holes being reported in this release were drilled to the south of the Zone 1 deposit that contains a 43-101 resource of 740,000 ozs Au at an average grade of 1.25 g/t Au at a 0.3 g/t Au cutoff.
Near Surface (Oxide) Southern Step Out Drill Highlights Include:
The assay results depicting the 14 near surface, (oxide) southern step out RC holes are listed in Table 1 below:
AGG is proud to announce that an article detailing our recent sucesses at the Kobada, Mali property was recently published by www.proactiveinvestors.com and was in turn featured in last weeks www.mining.com, Mining News Digest. The article is as follows:
by: Deborah Sterescu
African Gold Group reported Thursday encouraging drill results from its Kobada gold project in Mali, potentially expanding the resource at the property.
The results from 27 near surface step out holes, which were drilled to the north of the Zone 1 deposit, showed encouraging intercepts nearly 2,000 metres north on trend from the established resource. The NI 43-101 compliant resource for Zone 1 is 740,000 ounces of gold at an average grade of 1.25 g/t, at a 0.3 g/t gold cut-off.
African Gold Group, Inc., is pleased to report the analytical results for 27 near surface (oxide), reverse circulation (RC), step out drill holes. All 27 step out RC drill holes being reported in this release were drilled to the north of the Zone 1 deposit that contains a 43-101 resource of 740,000 ozs Au at an average grade of 1.25 g/t Au at a 0.3 g/t Au cutoff.
The 27 northern step out holes were grouped in four distinct regions, north of the Zone 1 deposit. The cluster of northern step out holes drilled closest to the Zone 1 deposit were collared approximately 400 meters north of the 43-101 resource. Moving north, the second cluster of northern step out holes measured approximately 1,100 meters north of the 43-101 resource. Continuing north, the third cluster of step out holes are located approximately 1,500 meters north of the 43-101 resource and the remaining cluster, representing the most northerly step-out holes measured approximately 2,000 meters north of the 43-101 resource.
Near Surface (Oxide) Drill Highlights Include:
TORONTO, ONTARIO--(Marketwire - April 1, 2011) - African Gold Group, Inc., is pleased to announce that it has retained Torrey Hills Capital, Inc. ("Torrey Hills Capital"), located in Del Mar, California, to act as investor relations consultants to the Company. Cliff Mastricola is the principal of Torrey Hills Capital and will be responsible for activities related to AGG.
Torrey Hills Capital is a leading investor and financial public relations firm specializing in small and micro-cap companies, primarily in the natural resource sector. Torrey Hills Capital will increase awareness about African Gold Group through its established relationships with investment professionals, investment advisors, and money managers focused on the microcap market space. This will allow the Company to build and maintain an informed investor audience in both the U.S and Canadian marketplaces.
Torrey Hills Capital will also develop a profile on African Gold Group for coverage on its website, www.babybulls.com, a website developed to showcase and provide exposure for emerging micro-cap companies to an audience of proven micro-cap investors.
African Gold Group, Inc., is pleased to report that its recently completed excavator trench program, at the Company’s Kobada, Mali gold project, has generated encouraging results within trenches that were excavated along what is perceived to be the southern extension of the Zone 1 deposit. In addition, the trenching has covered regions that are situated up to 1.25 km south east of the Zone 1 deposit, within the region of the newly discovered gold zone that AGG has dubbed the Termite Zone. Click here to view the announcement regarding the discovery of the Termite Zone
A total of 3,980 meters of trenching was completed in 8 trenches covering the perceived southern extensions of the Zone 1 deposit, as well as, the southern region of the Termite Zone. The gold intercepts within the trenches are depicted in Table 1 below: