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.

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African Gold Group, Inc., ("AGG" or the "Company") is pleased to report the analytical results for the first 50 bulk metallurgical test samples that were comprised of composites of reverse circulation (“RC”) drill intervals that were specifically selected to emulate the Kobada deposit, from surface down through to fresh bedrock.

Each bulk sample consisted of drill cuttings from one or more RC drill holes, within a specific horizon or layer of mineralization emanating from drill intervals that ranged between 30 to 50 meters in length and weighed between 0.8 up to 1.5 metric tonnes.

HIGHLIGHTS

  • Average calculated gold grades of the 50 individual bulk composite samples, processed through the gravimetric pilot plant, yielded gold grades 65% higher than the average given gold grade, based on 2 kg Leachwell analysis, from the identical drill interval.

  • 28 of the 50 bulk composite samples were classified as waste,  averaging 0.085 g/t Au, based on 2 kg leachwell analysis, of the drilled interval(s). The calculated average grade of the bulk samples processed through the gravimetric pilot plant, for the identical drill interval(s), averaged 0.299 g/t Au, representing a 252% increase in gold content from the identical drill interval(s).

  • Pilot plant test results continue to confirm that increasing “sample support” (volume of material) and “aliquot” (the actual amount of material analyzed) is highly beneficial for improving the overall grade of mineralization of the Kobada deposit, a characteristic of the “nugget effect.”

  • Pilot plant test results continue to confirm that a Bulk Mining model applies to Kobada and that all material contained within the (mineralized) structural corridor is envisioned to be processed through a gravimetric gold recovery plant – including material that is defined as waste, based on drill sample support and Leachwell analysis.

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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.

 

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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 
 
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