(“AGG” or the “Company”) is pleased to report the following Board and Management appointments:

  • The appointment of Declan Franzmann as Director, President and Chief Executive Officer (“CEO”), reporting to AGG’s Board of Directors. Mr. Franzmann’s immediate focus is to accelerate the completion of the Feasibility Study and oversee and expedite the initiation of production at AGG’s Kobada Gold Project, located in south-west Mali; and
  • The appointment of Michael Nikiforuk, past President, Founder and Director of AGG, to Executive Director, Corporate Development. In his new role, Mr. Nikiforuk will focus on the  Company’s corporate social responsibility programs, community stakeholder and government relations initiatives.

Appointments Intended To Fast-Track The Kobada Gold Project Into Production

Mr. Declan Franzmann, a professional mining engineer, has more than 22 years experience in corporate, operational and senior engineering roles. Declan has accumulated significant experience working on gold projects within Australia and internationally. Most recently, Declan was Founding Director of Crosscut Consulting, a resource engineering business providing mine planning and management services since 2005. Mr. Franzmann has held senior management roles at the Tritton, CSA, Gympie, and Chariot Mines. He has extensive experience in both underground and open-pit mining as a professional engineer. Declan has held executive and non-executive director positions for several ASX and TSX listed companies, most recently for Lachlan Star Limited (TSX: LSA). Mr. Franzmann completed a Bachelor of Engineering (Mining) at the University of Ballarat, Victoria, Australia and holds First Class Mine Manager's Certificates in Western Australia, Queensland and NSW. Declan is a Fellow of the Australasian Institute of Mining and Metallurgy (“FAusIMM”).

Published in News Releases

TORONTO, CANADA, January 29, 2014 – African Gold Group, Inc., ("AGG" or the "Company") is pleased to report that local artisanal miners have discovered a one kilogram gold nugget at the Company’s Kobada, Mali gold project.

AGG geologists, on site at Kobada, Mali, have recorded the UTM coordinates of the discovery at 54591E, 1289982N in the vicinity of Section 800 South of the Zone 1 deposit.

Of note, on February 26, 2008 the Company similarly announced the discovery of a 2.7 Kilogram gold nugget at Kobada, Mali. AGG geologists recorded the UTM coordinates of this discovery at 543261E, 1290951N.

 

AGG-1-Kilogram-Gold-Nugget-Kobada-Mali-2014-Small

New 1kg gold nugget discovered at Kobada site
 

While the 1 kilogram nugget was discovered within  the Zone 1 deposit, the location of the discovery of the 2.7 kilogram gold nugget 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 both gold nuggets as being "local." These factors are indicative of the nuggets not having travelled very far from their respective points of origin. It is hypothesized that the gold nuggets were weathered out of a quartz-carbonate vein.

Click here to see the Kobada Concession Map and the location of the 2.7kg nugget discovery.

 

AGG-2-7-Kilogram-Gold-Nugget-Kobada-Mali-2008-Small

Previous 2.7kg gold nugget discovered at Kobada 
 
Published in News Releases

African Gold Group's company profile is currently being updated.

In the mean time if you have any questions, comments or concerns, either click here to send us an email or contact us at the following:

AFRICAN GOLD GROUP INC.

65 Queen Street West, Suite 805
P.O. Box 71
Toronto, Ontario, CANADA
M5H 2M5
P.  +1 416 861 2267 (reception)
F.  +1 416 861 8165

 

 

Published in Company Information