African Gold Group, Inc., is pleased to report the drill results from a campaign of due diligence drilling consisting of 22 reverse circulation ("RC") holes and 2 diamond drill ("DD") Holes.

HIGHLIGHTS

  • KBRC9-04: 42 m @ 1.91 g/t Au, including 1 m @ 25.90 g/t Au
  • KBRC9-05: 18 m @ 1.02 g/t Au
  • KBRC9-05: 18 m @ 7.04 g/t Au, including 1 m @ 112.25 g/t Au (ended in mineralization)
  • KBRC9-08: 11 m @ 2.42 g/t Au
  • KBRC9-09: 44 m @ 0.97 g/t Au
  • KBRC9-15: 10 m @ 1.06 g/t Au
  • KBRC9-17: 8 m @ 6.13 g/t Au, (ended in mineralization)
  • KBRC9-19: 9 m @ 1.68 g/t Au
  • KBRC9-20: 8 m @ 7.74 g/t Au
  • KBRC9-20: 21 m @ 4.89 g/t Au, includes 1 m @ 77.99 g/t Au (ended in mineralization)
  • KBRC9-21: 26 m @ 0.88 g/t Au, (ended in mineralization)
  • KB09-100: 16 m @ 0.92 g/t Au (DD hole)

This drill campaign was funded and undertaken by a distinct, separate corporate entity. Drilling represented part of a larger due diligence initiative, which in turn comprised part of a broader Confidentiality Agreement between AGG and the undisclosed corporate entity. The terms of the Confidentiality Agreement provide for AGG to receive and incorporate drill results into AGG's broader Kobada technical data base, as well as, disseminate the information to shareholders.

A total of 24 drill holes were completed during this campaign. Eleven of the 24 holes (9 RC and 2 DD holes) were drilled on 100 meter sections within "Zone 1" of the Kobada deposit, the area from which the 2008 initial resources estimate was based on (see press release dated May 20, 2008 & September 23, 2009). 

The drill results from the 11 holes drilled within the saprolite region of "Zone 1" are listed in Table 1 below:

Published in News Releases

African Gold Group, Inc., is pleased to report that it has entered into a contractual agreement with New Resolution Geophysics ("NRG") of South Africa to conduct an airborne magnetic and radiometric survey of AGG's 456 sq km Asankrangwa Holdings, located on strike and contiguous with Keegan Resource's Esaase gold deposit. 

In addition, AGG has also contracted NRG to fly an airborne survey of the Company's 20 sq km Nyankumasi concession, located approximately 30 km south-southwest of Newmont Mining's 6.3 million ounce Akyem project.

The two distinct projects will consist of high resolution helicopter borne magnetic and radiometric surveys. A total of approximately 11,000 line kilometers will be flown with an AS350 helicopter which will utilize a horizontal boom mounting to separate magnetic sensors that will allow for measurement of the horizontal gradient of the magnetic field. Incorporating the magnetic gradient in gridding algorithms provides significant improvement in delineating line parallel features, spatial positioning of off-line anomalies and overall resolution of the magnetic data. The AS350 platform will be flown at low survey heights of not greater than 30 vertical meters from surface. Magnetic and radiometric data will benefit significantly from the lower survey height. Full spectral processing of all collected data will be an integral part of the exercise.

The objective of the program will be to identify structural targets, on a regional scale, that will be followed up with regional geochemistry, ultimately culminating in the identification of drill targets. 

AGG's consolidated Asankrangwa land holdings comprise 5 contiguous concessions (Assuowunu, Twedee, Moseaso, Manso Nkwanta and Manso Atwere) that collectively encompass 456.2 sq. km of ground, representing 94% of the active exploration ground contained within the Northern Asankrangwa gold belt. A gold-in-soil anomaly that measures 24 kilometers in strike length, oriented in a north-east / south-west (NE/SW) direction, is contained within AGG's consolidated boundaries. This linear anomaly is perceived to run parallel to the major structural target(s) currently being drilled by Keegan Resources at its 28 sq. km Esaase concession. 

Kobada-Drilling-Section

Published in News Releases

African Gold Group, Inc., is pleased to report that an airborne magnetic and radiometric survey of AGG's 456 sq km Asankrangwa Holdings, located on strike and contiguous with Keegan Resource's Esaase gold deposit, has commenced. 

In addition, an airborne survey of the Company's 20 sq km Nyankumasi concession, located approximately 30 km south-southwest of Newmont Mining's 6.3 million ounce Akyem project, will proceed immediately following the completion of the Asankrangwa airborne survey.

The two distinct projects will consist of high resolution helicopter borne magnetic and radiometric surveys. A total of approximately 11,000 line kilometers will be flown with an AS350 helicopter which will utilize a horizontal boom mounting to separate magnetic sensors that will allow for measurement of the horizontal gradient of the magnetic field. Incorporating the magnetic gradient in gridding algorithms provides significant improvement in delineating line parallel features, spatial positioning of off-line anomalies and overall resolution of the magnetic data. The AS350 platform will be flown at low survey heights of not greater than 30 vertical meters from surface. Magnetic and radiometric data will benefit significantly from the lower survey height. Full spectral processing of all collected data will be an integral part of the exercise.

The objective of the program will be to identify structural targets, on a regional scale, that will be followed up with regional geochemistry, ultimately culminating in the identification of drill targets. 

AGG's consolidated Asankrangwa land holdings comprise 5 contiguous concessions (Assuowunu, Twedee, Moseaso, Manso Nkwanta and Manso Atwere) that collectively encompass 456.2 sq. km of ground, representing 94% of the active exploration ground contained within the Northern Asankrangwa gold belt. A gold-in-soil anomaly that measures 24 kilometers in strike length, oriented in a north-east / south-west (NE/SW) direction, is contained within AGG's consolidated boundaries. This linear anomaly is perceived to run parallel to the major structural target(s) currently being drilled by Keegan Resources at its 28 sq. km Esaase concession. 

Published in News Releases

African Gold Group, Inc., is pleased to report the analytical results of the first eight Reverse Circulation ("RC") drill holes to be released from the ongoing drill program at the Company's Kobada, Mali gold project.

Near Surface Drill Highlights Include

RPA10-072: 11 m @ 3.47 g/t Au (hole ended in mineralization)
RPA10-066: 29 m @ 1.20 g/t Au (hole ended in mineralization)
RPA10-055: 16 m @ 1.71 g/t Au and 36 m of 1.34 g/t Au, including 9 m of 3.91 g/t Au
RPA10-054A: 61 m @ 0.69 g/t Au
RPA10-056B: 17 m @ 2.07 g/t Au
RPA10-051B 24 m @ 1.15 g/t Au (hole ended in mineralization)

Hole identification commencing with "RPA" indicate holes that were specified to be drilled by the Company's consulting group, Scott Wilson Roscoe Postle Associates. A total of 68 RPA holes were designated to be drilled within the upper oxide profile of "Zone 1" of the Kobada deposit and all 68 RPA holes have been completed. 

To date, the Company is pleased to advise that it has completed drilling for a total of 131 RC holes (of which 68 holes represent the above mentioned RPA holes) for a total of approximately16,464 meters drilled. All holes average approximately 125 meters in length, drilled at -55º and are intended to test gold mineralization within the saprolite profile that averages approximately 100 vertical meters from surface. 

The assay results contained within this press release represent the first eight holes (of 131 holes drilled) to be reported from the ongoing program. A total of 25,000 meters of RC drilling, approximating 200 RC drill holes, has been planned for the ongoing work program that is scheduled for completion on or about July 31, 2010.

The drill results from the first eight holes of the ongoing program are listed in Table 1 below:

Published in News Releases

African Gold Group, Inc.,  is pleased to report the analytical results for seven Reverse Circulation ("RC") drill holes from the ongoing drill program at the Company's Kobada, Mali gold project.

Near Surface Drill Highlights Include:

RPA10-048A: 74m @ 2.32 g/t Au includes 10 m of 13.81 g/t Au (hole ended in mineralization)
RPA10-050: 31 m @ 3.04 g/t Au
RPA10-051A: 24 m @ 1.08 g/t Au (hole ended in mineralization)
RPA10-051B: 31 m @ 1.94 g/t Au
RPA10-051B: 17 m @ 2.07 g/t Au
RPA10-051B 12 m @ 2.65 g/t Au
RPA10-060: 71 m @ 0.56 g/t Au (hole ended in mineralization)

Hole identification commencing with "RPA" indicate holes that were recommended to be drilled by the Company's consultant, Scott Wilson Roscoe Postle Associates ("RPA"). A total of 68 RPA holes were designated to be drilled within the upper oxide profile of "Zone 1" of the Kobada deposit and all 68 RPA drill holes have been completed. Drill holes with a hole identification ending with "A", "B" or "C" were not proposed by RPA but represent holes that were drilled off the same platform, in different directions, to test the abundance of gold veins having different strikes and dips within "Zone 1".

The assay results representing the seven RC holes being reported in this press release are listed in Table 1 below:

Published in News Releases

African Gold Group, Inc.,  is pleased to report the drill results from a campaign of due diligence drilling consisting of 22 reverse circulation ("RC") holes and 2 diamond drill ("DD") Holes.

HIGHLIGHTS

  • KBRC9-04: 42 m @ 1.91 g/t Au, including 1 m @ 25.90 g/t Au
  • KBRC9-05: 18 m @ 1.02 g/t Au
  • KBRC9-05: 18 m @ 7.04 g/t Au, including 1 m @ 112.25 g/t Au (ended in mineralization)
  • KBRC9-08: 11 m @ 2.42 g/t Au
  • KBRC9-09: 44 m @ 0.97 g/t Au
  • KBRC9-15: 10 m @ 1.06 g/t Au
  • KBRC9-17: 8 m @ 6.13 g/t Au, (ended in mineralization)
  • KBRC9-19: 9 m @ 1.68 g/t Au
  • KBRC9-20: 8 m @ 7.74 g/t Au
  • KBRC9-20: 21 m @ 4.89 g/t Au, includes 1 m @ 77.99 g/t Au (ended in mineralization)
  • KBRC9-21: 26 m @ 0.88 g/t Au, (ended in mineralization)
  • KB09-100: 16 m @ 0.92 g/t Au (DD hole)

This drill campaign was funded and undertaken by a distinct, separate corporate entity. Drilling represented part of a larger due diligence initiative, which in turn comprised part of a broader Confidentiality Agreement between AGG and the undisclosed corporate entity. The terms of the Confidentiality Agreement provide for AGG to receive and incorporate drill results into AGG's broader Kobada technical data base, as well as, disseminate the information to shareholders.

A total of 24 drill holes were completed during this campaign. Eleven of the 24 holes (9 RC and 2 DD holes) were drilled on 100 meter sections within "Zone 1" of the Kobada deposit, the area from which the 2008 initial resources estimate was based on (see press release dated May 20, 2008 & September 23, 2009). 

The drill results from the 11 holes drilled within the saprolite region of "Zone 1" are listed in Table 1 below:

Published in News Releases

African Gold Group, Inc., is pleased to report that the high resolution airborne magnetic and radiometric survey that was flown in March, 2010 over AGG's Kobada gold project, located in south-western Mali, has identified a total of seven (7) new prospective Target Areas for gold mineralization.

Three of the new Target Areas are located within proximity of the Zone 1 gold deposit and are identified in the attached map as the North K, South K and West K Targets. The Zone 1 deposit contains an Inferred Mineral Resource(s) estimate of 740,000 ounces of gold at a 0.3 g/t Au cut-off, as outlined in May, 2008, by Watts, Griffis and McOuat, an international consulting firm based in Toronto, Canada. Zone 1 currently measures 1.2 km of strike, representing approximately 10% of the overall (12 km) Kobada Trend.

The remaining four regional Target Areas are all located within the contiguous Acoma concession, measuring 153 sq km and representing the eastern extension of the Kobada gold project. Two of the four regional targets, the Chakabougou and Kobada S. E. Target Areas are classified as First Priority Regional Targets. The remaining two regional Target Areas, the Far East and Dalabakodiou targets are classified as Second Priority Regional Targets.

All seven (7) of the newly identified Target Areas exhibit geophysical characteristics that are similar to the mineralized structures contained within the Zone 1 deposit. All of the Target Areas are traversed by the favourable NNE and NE-SW mineralized faults. Six (6) of the Target Areas have coincident interpreted granitoid intrusions with evidence of hydrothermal alteration. All of the Target Areas have shown evidence of historical and/or current artisanal mining.

The airborne geophysical survey was carried out by Xcalibur Airborne Geophysics of South Africa, with quality control and subsequent interpretation of the survey results completed by Paterson, Grant & Watson Ltd., a geophysical consulting company based in Toronto, Canada.

The fixed-wing airborne survey was flown using very tight survey specifications of 50 m flight line spacing and 30 m ground clearance, facilitating a detailed interpretation of the underlying structure and geology and the selection of the prospective new Target Areas for economic gold mineralization.

Published in News Releases

African Gold Group, Inc. announced today that its Board of Directors has adopted a shareholder rights plan, effective immediately, designed to enhance the Company’s ability to obtain the best value for all shareholders in connection with any bidder attempting to acquire control of the Company.

The rights issued under the rights plan become exercisable when a person, together with any parties related to it, acquires or announces its intention to acquire 20% or more of the Company’s outstanding common shares without complying with the “Permitted Bid” provisions of the rights plan or without approval from AGG’s Board of Directors. Should such an acquisition occur, rights holders (other than the acquiring person and related persons) can purchase common shares of the Company at a substantial discount to the then market price.

Under the rights plan, a Permitted Bid is a bid made to all holders of the Company’s common shares for all of their shares that is open for acceptance for not less than 60 days. If at the end of 60 days at least 50% of the outstanding shares, other than those owned by the offeror and certain related parties, have been tendered, the offeror may take up and pay for the shares but must extend the bid for a further 10 days to allow other shareholders to tender.

Published in News Releases

African Gold Group, Inc.,  is pleased to report the analytical results for six (6) Step-Out Reverse Circulation ("RC") drill holes from the Company's recently completed (first half) 2010 Kobada, Mali gold project.

Near Surface Drill Highlights From Kobada South Step-Out Holes Include:

  • RPA10-003: 44m @ 2.11 g/t Au, includes 3m @ 19.30 g/t Au (hole ended in mineralization)
  • RPA10-005: 37m @ 1.47 g/t Au, includes 5m @ 7.48 g/t Au (hole ended in mineralization)
  • RPA10-006: 26m @ 1.09 g/t Au, (hole ended in mineralization)
    SectionHole IDFrom
    (m)
    To
    (m)
    L
    (m)
    Au
    (g/t)
    EOH
    (m)

    TN)
    Hole objective

    2800S

    2800S

    RPA10-001

    RPA10-001

    0

    60

    3

    84

    3

    24

    0.32

    0.69

     

    101

    290

     

    Test for southern

    extension

    2800S

    2800S

    2800S

    RPA10-002

    RPA10-002

    RPA10-002

    20

    66

    112

    23

    95

    115

    3

    29

    3

    1.57

    0.67

    0.31

     

     

    119

    290

     

     

    Test for southern

    extension

    2800S

    2800S

    2800S

    RPA10-003

    RPA10-003

    including

    0

    31

    35

    17

    75

    38

    17

    44

    4

    1.65

    2.11

    19.30

     

    75

     

    290

     

     

    Test for southern

    extension

    Hole ended in

    mineralization

    AGG is most encouraged by the assay results obtained from the three (3) step-out RC holes drilled on Section 2800S, more specifically:

    • These three step-out holes were collared approximately 200 meters south of the mineralized envelope that contains the Zone 1 NI-43101 resources estimate that was prepared by Watts, Griffis & McOuat and published on SEDAR by AGG in May, 2008 – hence the designation as a "step-out" hole.
    • RPA10-001 represents the most easterly located collar on the three (3) hole fence. All 3 holes are drilled at Azimuth 290° - or drilled in a westerly direction. As RPA10-001 is being drilled to the west it intercepts an ore grade halo of Au commencing at 60 meters thru 84 meters, down the hole, drilling west.
    • RPA10-002 is collared 50 meters to the west of RPA10-001 and it too is intercepting an ore grade halo and the intensity of this halo is increasing down hole, or as it is drilled to the west.
    • RPA10-003 is collared a further 50 meters to the west of RPA10-002 and as it drills to the west it intercepts excellent ore grade material from surface to the bottom of the hole – 75 meters - ending with a grade of 2.4 g/t Au in the final meter drilled.

    To view Map – Section 2800S, please visit the following link: 

    http://africangoldgroup.ca/maps/kobada/Section_2800S.pdf 

    The assay results representing three (3) RC holes drilled on section 2750S are listed in Table 2 below:

Published in News Releases

African Gold Group, Inc., is pleased to report on  metallurgical test work recently completed by SGS Lakefield (SGS) on a composite of oxide mineralization from AGG’s Kobada, Mali gold project. 

The primary objective of the test work was to investigate the amenability of the Kobada oxide ore sample to gold extraction using gravity separation as the sole means of gold recovery or extraction. The results of the test(s) are considered excellent and demonstrate the amenability of Kobada oxide ore to gravity concentration and extraction.

The as-received composite sample that was delivered to SGS weighed 287 kg. The sample was selected from 127 separate intervals that were derived from 8 different drill holes. The individual intervals, derived from the 8 distinct drill holes, were selected to reasonably represent or emulate the entire Kobada, Zone 1 deposit.

The 287 kg composite sample, as received by SGS, assayed 1.93 g/t Au. The first phase of the test process was to de-slime the sample by wet screening and cycloning to break down the clay aggregates and remove the fine fraction (de-sliming). The oversize fraction was then filtered, dried and riffled into test charges.

The fine (slimes) fraction made up 57% of the as received sample mass. This fine fraction was analyzed for gold content and assayed 0.13 g/t Au, representing just 4% of the gold.

Published in News Releases
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