ROBUST GROWTH CONTINUES AT ZONE 1 NORTH - KOBADA, MALI
TORONTO, CANADA, March 20, 2012 – African Gold Group, Inc., (“AGG” or the "Company”) is pleased to report the analytical results for eight, near surface (oxide), reverse circulation (RC), step-out drill holes from the Company’s Kobada, Mali gold project. All eight holes represent northern step out holes that were collared up to 200 meters north of AGG’s current, 43-101, Zone 1, inferred resource.
Near Surface (Oxide) Drill Highlights From Northern Step-Out Holes Include:
KBRC12-006: 70 m @ 1.83 g/t Au & 45 m @ 1.79 g/t Au, ended in mineralization
KBRC12-003: 27 m @ 0.47 g/t Au & 84 m @ 1.26 g/t Au, ended in mineralization
KBRC12-004: 21 m @ 1.07 g/t & 9 m @ 1.80 Au
KBRC12-005: 21 m @ 1.15 g/t Au
The assay results detailing the 8 near surface, (oxide) northern step-out RC holes that were collared up to 200 meters north of the Zone 1 resource are listed in Table 1 below:
African Gold Group, Inc., (“AGG” or the "Company”) is pleased to advise that work continues, unabated, at the Company’s Kobada, Mali gold project. No disruption in work programs or staffing has been experienced as a result of recent events in Bamako, Mali.
Kobada camp supplies and physical equipment have arrived in camp, on schedule, from Bamako and drill samples have been picked up by ALS Chemex Laboratory for return shipment to Bamako for sample preparation and analysis.
AGG management, based in Bamako, Mali, advise that Bamako International Airport is open and international civilian air traffic has resumed.
AGG Director, Pierre Lalande, P. Geo., who had returned to Toronto for the PDAC, as part of normal course rotation, is booked to return to Bamako, Mali, arriving this Sunday, April 02.
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 eleven gold concessions that are consolidated in four distinct stand alone exploration projects. Three of these projects are located in Ghana and one project (Kobada) is located in Mali, West Africa.
Dear Shareholder(s) / Investor(s):
We are pleased to advise that African Gold Group, Inc., - TSX-V: “AGG” - was the subject of a feature story in the April 16-22 edition of the Northern Miner. Click on the image below to view an authorized reprint of the article to keep you apprised of the latest news on AGG.
TORONTO, CANADA, October 10, 2012 – African Gold Group, Inc., (“AGG” or the "Company”) is pleased to announce that the Company has entered into an agreement to sell 100% of its Mankranho, Ghana concession to Newmont Ghana Gold Limited (“NGGL”).
Under the terms of the sale, NGGL will purchase AGG’s Mankranho concession for total consideration of US$4,000,000.
The 108 sq km Mankranho concession is located in the Brong Ahafo region of Ghana.
“The sale of Mankrnaho to NGGL represents a significant milestone for AGG, particularly in light of the current macroeconomic environment. The monetization of this asset represents the first step in unlocking the intrinsic value of the Company’s Ghanaian assets, which in turn facilitates a non-dilutive solution to funding the ongoing exercise of completing a full Feasibility Study at AGG’s Kobada, Mali gold project. Moving forward, our sole focus will be putting Kobada into production, as expeditiously as possible,” states AGG President, Michael A. Nikiforuk.
Sierra Partners LLC, headquartered in Denver, Colorado, acted as sole financial advisor to AGG on this transaction.
The closing of the transaction remains subject to standard closing conditions, including all required regulatory approvals.
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
TORONTO, CANADA – African Gold Group, Inc., ("AGG" or the "Company") is pleased to announce that Pope & Company, based in Toronto, Canada has initiated research coverage on African Gold Group, Inc. with a speculative buy recommendation and a target price of $0.84/share.
Pope & Company’s initiating research report on AGG states:
“African Gold is developing the Kobada property which has a 218.5 sq km concession in the prolific gold producing area of south-west Mali. We recommend African Gold based on the following: