110 RC drill holes, representing a total of approximately 10,000 meters drilled, prior to the annual Christmas break.

As stated in the Company's press release of October 11, 2007, AGG's strategy going forward has shifted from the completed Phase 1 infill diamond drill program within "Zone 1" to a 25,000 meter RC drill program that is designed to step-out and explore the extent of the continuation of Au mineralization along Kobada's untested strike length. "Our goal was to complete approximately 10,000 meters of RC drilling before the annual Christmas break and we are pleased to advise that we achieved this objective, generating 110 holes, working 2 shifts, 24 hours per day. We are grateful for the dedication and commitment of our Kobada based team," states AGG Chairman, Ben Adoo, C Eng.

All of the 110 RC holes were drilled to a depth of approximately 90 meters (down the hole) at an angle of -55º and an azimuth of 290º. To date, a total of 5.3 km of Kobada's primary structural strike length has now been explored to a minimum depth of 90 meters down hole. This sequential exploration exercise has consisted initially of infill diamond drilling "Zone 1", which encompasses sections -2600S through -1400S (1.2 km), in addition to the recently completed RC drilling to the north and south of "Zone 1". RC drilling commenced in November, 2007, to the immediate north of "Zone 1" on section -1200S and proceeded north with fences drilled on sections -400S, 00, +400N, +1000N, +1400N and +2100N before relocating the drill rig to the south of "Zone 1" on section -3200S. (Please see the link to the attached map that depicts the Kobada concession, "Zone 1", sections recently RC drilled and trace of artisanal workings).

Below is  the Q4 Kobada, Mali RC Drill Campaign

Kobada-Drilling-Section

Published in News Releases

African Gold Group, Inc., is pleased to report that it has added the Foroko and Acoma concessions to its strategic land position at Kobada, Mali. This process was accomplished via direct application for the concessions with the Government of Mali's Department of Mines, Energy and Water.

The inclusion of the Foroko and Acoma concessions to AGG's regional land position represents a strategic consolidation of the Company's "footprint" on the eastern flank of the Kobada gold concession. Foroko is contiguous with Kobada's eastern and southern borders and Acoma is contiguous with Kobada and Forokos's eastern borders. Total land holdings in the region have increased from Kobada's 41 sq km to include Foroko's 22 sq km plus Acoma's 153 sq km for a total of 216 sq km, representing a 527% increase in AGG's original holdings. This increase in regional land holdings represents the culmination of a strategic initiative that commenced with the Company's acquisition of the Kobada gold concession in February, 2006. All three concessions are located in the Kangaba region of south western Mali. 

Please see below for the regional map that illustrates the respective concessions and their respective borders:

Kobada-Drilling-Section

 

Published in News Releases

African Gold Group (AGG: TSX-V) is pleased to announce it has retained the services of AGORACOM Investor Relations ("AGORACOM") (http://www.agoracom.com) to provide a search engine marketing program through Google for the purpose of attracting new shareholders, as well as, a customized and monitored community for both current and prospective shareholders of the Company.

SEARCH ENGINE IR PROGRAM

AGORACOM will structure a Google IR campaign for the purposes of targeting prospective investors interested in African Gold, our industry and our competitors. The campaign, keywords and phrases will be optimized by Google personnel dedicated to AGORACOM search engine IR programs.

LAUNCH OF AFRICAN GOLD GROUP COMMUNITY

Effective February 29th, 2008, a customized and monitored African Gold Group IR HUB will be available on AGORACOM at (http://www.agoracom.com/IR/africangold). The IR HUB propels the Company into the forefront of Web 2.0 community building by providing investors with two very important functions. First, a monitored discussion forum for the purposes of constructive and high-quality discussion amongst investors that is free of spam, profanity and misinformation. Second, a social network that provides investors with the ability to create extensive profiles that include photos, bios, video messages to fellow investors, a rating system and other important items to create a closer bond between our shareholders. 

African Gold Group President and CEO, Michael A.J. Nikiforuk stated, "I believe the time has now come to significantly increase our branding and awareness amongst the massive online small-cap community of investors that are searching for their next great investment. AGORACOM's search engine program is the fastest and most efficient way of attracting new shareholders. I strongly encourage our current shareholders to begin taking advantage of our new online community, which demonstrates we are a fully accessible organization with a great story to tell." 

For all future African Gold investor relations needs, investors are asked to visit our IR Hub at (http://www.agoracom.com/IR/africangold) where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. 

The terms of the agreement are as follows: Duration - 12 months. Monthly Cash Compensation - $5,000. Stock Options - 250,000 shares at $CDN .1.20 per share; This agreement has been negotiated entirely at arm's length. AGORACOM is located in Toronto, Ontario.

Published in News Releases

Kobada-Drilling-Section

African Gold Group, Inc., is pleased to report that local artisanal miners have discovered a 2.7 kilogram gold nugget in the north-west quadrant of the Kobada concession. 

AGG geologists, located on-site at Kobada, have recorded the UTM coordinates of the discovery at 543261 east, 1290951 north.. A review of the  map (see below)clearly illustrates that the discovery location is a considerable distance from the site of any work undertaken by AGG and speaks to the general prospective nature of the overall Kobada concession.

AGG geologists describe the gold nugget as being "local", as witnessed by its irregular shape and the ease with which the nugget fell apart when lifted for weighing. These factors are indicative of the nugget not having travelled very far from its point of origin. It is hypothesized that the gold nugget was weathered out of a quartz-carbonate vein.

Published in News Releases

African Gold Group, Inc., is pleased to report that the Phase II geochemical surveys at both the Assuowunu and Manso Atwere concessions, located in the Northern Asankrangwa region of Ghana, West Africa, are now completed. The programs commenced in November, 2007 and were carried out by AGG technical personnel through to February, 2008.

A concise overview of the volume of work undertaken on both concessions is presented in Table 1 and Table 2 below:

TABLE 1
ASSUOWUNU CONCESSION
(North-West Asankrangwa Holdings*)

ACTIVITYWORK DONECOMMENTS

Total Soil Lines Cut

128,750 meters

Incl. 8,000m baseline

Soil Samples

2,415

200m x 50 m grid

Trenching (meters)

4,750 meters

 

Number of Trenches

28

 

Trench Samples (total)

2,375

Sampled on 2 meter spacing

Total Auger Drilling (meters)

905 meters

 

Number of Auger Drill Holes

383

Avg. 2.5 m per hole

Number of Auger Drill Samples

383

1 sample per hole
*contiguous and on-strike with Keegan Resources Esaase Concession.

TABLE 2
MANSO ATWERE CONCESSION
(Southern Asankrangwa Holdings)

ACTIVITYWORK DONECOMMENTS

Total Soil Lines Cut

28,450 meters

Incl. 3,400m baseline

Soil Samples

501

200mx 50m grid

Trenching (meters)

1,630 meters

 

Number of Trenches

5

 

Trench Samples (total)

815

Sampled on 2 meter spacing

Total Auger Drilling (meters)

778.9 meters

 

Number of Auger Drill Holes

231

Avg. 3.5 m per hole

Number of Auger Drill Samples

460

2 samples per hole

Published in News Releases

African Gold Group, Inc., ("AGG" or the "Company") is pleased to announce that it has completed a National Instrument 43-101 compliant Mineral Resources estimate for "Zone 1" of its Kobada Gold Project located in Mali, West Africa. 

The Mineral Resources estimate has been completed by Watts, Griffis and McOuat Limited of Toronto ("WGM"), a well respected international consulting firm which has filled the role of AGG's independent consultant since December, 2007. WGM has a large body of experience in such deposits, having been involved in the discovery of the Sadiola Mine (Mali) and having worked on many similar deposits in Ghana, Mali and Burkina Faso.

WGM estimates that "Zone 1" of the Kobada deposit, representing approximately 10% of the overall Kobada Trend, as presently outlined, contains an Inferred Mineral Resource of between 450,000 ounces of gold and 740,000 ounces of gold as follows:

Inferred Mineral Resources – “Zone 1” Kobada Project, Mali

Cut-off Grade
(g Au/t)
Tonnage
(x 1,000)
No Assay CuttingAssays Cut to 10 g Au/t
Avg. Grade
(g Au/t )
Contained
Ounces
Avg. Grade
(g Au/t)
Contained
Ounces
0.3 18,381 1.25 738,080 1.11 657,386
0.5 8,482 1.99 542,804 1.72 470,461
1.0 5,569 3.02 540,933 2.53 452,320

"We see many reasons to be extremely encouraged by this initial Mineral Resources estimate for "Zone 1" at Kobada. At the most elementary level of analysis, the Inferred Mineral Resources, as illustrated above, was generated from within approximately 10% of the 12 km anomalous Kobada Trend. Clearly, our work to date, as represented by this initial resources estimate, has not defined the scope of our Kobada Gold Project. Our "blue-sky" potential remains very significant. In fact, the deposit is viewed as open in all directions by both AGG and WGM. The model generated by WGM indicates that in many areas the flanks of the existing deposit ("Zone 1") are not presently constrained by drilling and therefore, additional resources are anticipated in such areas. Furthermore, a geo-statistical analysis of the data by WGM indicates that shallow in-fill drilling within the existing 50 meter drill grid will add resources above existing intersections. We are committed to building Kobada beyond the current foundation and have every confidence that we will achieve this objective as we move forward with our exploration and development programs,"

AGG President, Michael A. Nikiforuk.

Published in News Releases

African Gold Group, Inc.,  is pleased to report the assay results for 71 reverse circulation ("RC") step-out drill holes, drilled on 9 lines covering a total of 5.5 kilometers of strike length at Kobada, Mali. These holes were drilled on a N30ºE orientation and are hypothesized to represent the potential strike extension, to the north and south of "Zone 1".

STEP-OUT RC DRILL HIGHLIGHTS

  • KBRC7-5: 9 meters grading 25.8 g Au/t, including 1 meter of 228 g Au/t
  • KBRC7-6: 14 meters grading 3.66 g Au/t, including 9 meters of 4.61 g Au/t
  • KBRC7-8: 18 meters grading 1.78 g Au/t, including 7 meters of 3.59 g Au/t (ended in mineralization).
  • KBRC7-15: 22 meters grading 1.48 g Au/t, including 10 meters of 1.98 g Au/t

RESULTS AND ANALYSIS

For coherence, the results from the 71 RC drill holes have been organized according to the section the hole was drilled on as opposed to numerical order and are depicted in Table 1 below. All of the RC holes were drilled to a depth of approximately 90 meters (down the hole) at an angle of -55º and an azimuth of 290º. Please see the attached map for the collar locations and the respective section the holes were drilled on. 

Kobada-Drilling-Section

Published in News Releases

African Gold Group, Inc., is pleased to report the assay results for five trenches, located within the immediate proximity of the excavated artisanal mining pit at AGG's Manso Atwere ( Ghana) concession. The five trenches total 1,628 meters in aggregate length and average 3 meters in depth. All trenches were sampled on two meter spacing. Diamond drilling is currently underway at AGG's Manso Atwere concession and will shift to AGG's Assuowunu concession, contiguous with Keegan Resource's Esaase concession, within approximately 14 days.

TABLE 1: ASSAY RESULTS FOR TRENCHES (Composites of 2 meter samples)

LOCATION

EastingNorthingElevationLengthWidthGrade (g Au/t)
GYTR01 From: 625510 From: 713256 207 450 m 10 m 0.69
  To: 625893 To: 713055 193 2 m 1.43
        22 m 0.80
GYTR02 From: 625490 From: 713094 210 348 m 2 m 1.30
  To: 625771 To: 712958 222 84 m 3.00
        incl 36 m 6.28
        incl 16 m 13.60
        2 m 2.20
        22 m 0.92
GYTR03 From: 625817 From: 713333 228

250 m

No Significant Results

  To: 625977 To: 713247 230
GYTR04 From: 625584 From: 713111 212 280 m 4 m 31.20
  To: 625834 To: 712963 247 incl 2 m 62.00
        50 m 1.80
        incl 12 m 3.24
        incl 8 m 4.00
        14 m 0.58
GYTR05 From: 625457 From: 712928 259 300 m 30 m 0.58
  To: 626114 To: 740418 241 14 m 4.31
        incl 8 m 7.20

 

Asankrangwa-Drilling-Section

The Company announced its acquisition of the Manso Atwere concession on October 25, 2007. The 7.2 sq km concession represents the fifth distinct contiguous concession that comprises AGG's 456.2 sq km consolidated land holdings in the northern Asankrangwa gold belt. Much of the gold that has contributed to the wealth of the famous Ashanti Kingdom, over centuries, has come from this region (http://www.ashanti.com.au/). More recently, this region has been the subject of extensive conventional mining and includes the recent discovery of Keegan Resource's Esaase gold deposit, which is contiguous with AGG's Assuowunu concession. 

Published in News Releases

African Gold Group, Inc.,  pleased to announce that it has filed its National Instrument 43-101 compliant Mineral Resources estimate for "Zone 1" of its Kobada Gold Project located in Mali, West Africa, on SEDAR. 

The Mineral Resources estimate was completed by Watts, Griffis and McOuat Limited of Toronto ("WGM"), a well respected international consulting firm which has filled the role of AGG's independent consultant since December, 2007. 

In summary, WGM estimates that "Zone 1" of the Kobada deposit, representing approximately 10% of the overall Kobada Trend, as presently outlined, contains an Inferred Mineral Resource of between 450,000 ounces of gold and 740,000 ounces of gold as follows:

Inferred Mineral Resources – “Zone 1” Kobada Project, Mali

Cut-off Grade
( g Au/t )
Tonnage
( x 1,000 )
No Assay CuttingAssays Cut to 10 g Au/t
Avg. Grade
(g Au/t )
Contained OuncesAvg. Grade
(g Au/t )
Contained Ounces
0.3 18,381 1.25 738,080 1.11 657,386
0.5 8,482 1.99 542,804 1.72 470,461
1.0 5,569 3.02 540,933 2.53 452,320

The complete report is available for public viewing at:

http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00020520

Published in News Releases

African Gold Group, Inc., ("AGG" or the "Company") (TSX VENTURE:AGG) is pleased to announce that it has completed a non-brokered private placement (the "Offering") for 322,600 units ("Units") in the capital of AGG at $0.50 per Unit for gross proceeds of $161,300.00 to AGG. Each Unit is comprised of one common share of the Company and one-half of one warrant of the Company. Each whole warrant entitles the holder to purchase one additional common share of the Company at a price of $0.75 for a period of 18 months after the closing date.

The common shares issued under the Offering are subject to a four month and one day resale restriction and the Offering is subject to TSX-V approval.

This private placement forms part of a larger non-brokered private placement consisting of the issuance of up to 2,000,000 Units for gross proceeds of up to $1,000,000.00, which is expected to be fully completed on or around September 30, 2008.

Proceeds from this Offering will be used for general working capital purposes and for AGG's continuing exploration programs.

African Gold Group, Inc., based in Toronto, Canada, is engaged in the identification, acquisition and exploration of prospective gold projects that are situated along significant gold trends within West Africa. To date, the Company controls a total of twelve gold concessions that are consolidated in five distinct standalone exploration projects, of which three projects are located in Ghana and the remaining two are located in Mali, West Africa.

Published in News Releases
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