African Gold Group is pleased to provide an update on the surface and drilling exploration program within the Mankranho concession, located in Ghana, West Africa, in which AGG may earn an 85% interest. 

Highlights 

AGG is encouraged by the results from both surface work and Phase 1 drilling on the Mankranho concession. In particular, recent results highlight the: 

  • Extensive gold endowment throughout the concession; 
  • Continuous gold-bearing zones intersected in Area I; 
  • Potential for high grade intercepts at depth; and 
  • Extensive and strongly developed gold-in-soil anomalies up to 1.6 kilometres in length identified in Area III.

The Mankranho concession is located at the north-eastern end of the Sefwi Gold Belt in Ghana and lies along strike and contiguous to Newmont Mining Corp.'s ("Newmont") 7.6 Moz Ahafo gold project, where production has been scheduled for Q3, 2006. The Mankranhno concession has been subdivided into four separate areas (Areas I, II, III, and IV) based on historical and/or current soil sampling, pitting, trenching, ground magnetic and IP geophysics (see attached map). 

Mr. Greg Hawkins, P. Geo., a director of AGG, states that, "exploration to date on the Mankranho concession at this early stage is very encouraging. All drill holes have encountered significant gold grades and broad mineralized zones, with visible gold and high-grade gold veins in several drill holes. These veins appear to be continuous along strike and at depth. In Area III, grassroots exploration is revealing promising gold anomalies that appear to be on strike with Newmont's drilling at Bisi. We anticipate diamond drilling in Area III in the very near future". 

Published in News Releases

African Gold Group, Inc. ("AGG") is pleased to announce that CME Ghana Ltd. has optioned the Nyankumasi concession from Jelgom Mining Company Limited, on behalf of AGG.

Under the terms of the agreement AGG will make staged cash payments, over 5 years, for a 100% interest in the concession, subject to a 10% royalty interest to the Government of Ghana and a 3% net smelter royalty to Jelgom Mining Company.

Highlights

  • - Located 30 kilometers south-south west of Newmont's multi-million ounce Akyem Project;
  • - Significant gold-in-soil anomalies identified;
  • - A total of 72 Reverse Circulation (RC) drill holes indicates several promising zones of gold mineralization.

Concession Overview

The Nyankumasi concession covers approximately 71 square kilometers and is situated in the northeastern section of the Ashanti gold belt, approximately 48 kilometers east of AngloGold Ashanti's Obuasi mine and approximately 30 kilometres south-southwest of Newmont Mining Corporation's Akyem Project (refer to map).

The property has been the subject of a reconnaissance alluvial program, stream and outcrop sampling, geological mapping, sampling of historical workings, survey grid work, pitting, trenching and RC drilling.

To date, three significant gold-in-soil anomalies have been identified within the concession (refer to map). Approximately 3,135 soil samples have been collected with 107 of those results showing greater than 100 ppb gold with a peak value of 3,820 ppb gold.

The Southern gold-in-soil anomaly is a linear feature with dimensions of approximately 3,500 metres by 400 metres and trends in a northeast-southwest direction. Previous exploration work indicates that this anomaly has gold-in-soil values exceeding 50 ppb gold and is associated with a significant I.P. anomaly.

The Central gold-in-soil anomaly, with dimensions of approximately 1,800 metres by 1,000 metres has a north-south orientation and represents the largest and strongest feature that has been identified to date within the concession. All dimensions of the Central anomaly are enclosed by a 50 ppb gold-in-soil contour.

The Northern gold-in-soil anomaly, which appears to be an extension to the Central anomaly, extends for an additional 1,500 metres. This anomaly has widths up to 1,000 metres and encompasses eight separate gold-in-soil anomalies. The largest of these anomalies has a dimension of 600 metres by 300 metres. Each one of the anomalies are outlined by a 50 ppb gold-in-soil contour.

Published in News Releases

African Gold Group, Inc., is pleased to report the results of diamond drill holes 1 through 12 of AGG's Phase 1 exploration program at the Mankranho concession, located in Ghana, West Africa.

Following the receipt of check analyses and further new results for holes 6, 9, 10, 11 & 12 from Eco-Tech Laboratories of Kamloops, Canada, an updated table of significant results for diamond drill holes 1 through 12 is presented below. All drill results represent analysis performed by Eco-Tech Laboratories.(i)

Highlights

AGG is encouraged by the results from the Phase 1 drilling program on the Mankranho concession within Area I. In particular:

Published in News Releases

African Gold Group, Inc., is pleased to report the results of diamond drill holes 13 through 24, representing the balance of results for the first 24 holes drilled to date at AGG's Mankranho concession, located in Ghana, West Africa. All results represent analysis performed by Eco-Tech Labs of Kamloops, Canada.

Highlights

AGG continues to be encouraged with the results from the initial portion of the Phase I drilling program located within Area I of the Mankranho concession . In particular:

- Area I North:  widths up to     16.48 metres at 2.82 g/t gold;
including up to 1.50 metres at 43.40 g/t gold;
and 1.48 metres at 26.60 g/t gold

The Mankranho concession is located at the north-eastern end of the Sefwi Gold Belt in Ghana and lies along strike and contiguous to Newmont Mining Corp.'s ("Newmont") 9.1 Moz Ahafo gold project, where production has been scheduled for Q3, 2006. The Mankranho concession has been subdivided into four separate areas (Area's 1, 2, 3 and 4) based on historical and/or current soil sampling, pitting, trenching, ground magnetic and IP geophysics (see attached map).

Mr. Greg Hawkins, P. Geo., a director of AGG, stated that, "the continuity of mineralized sections along strike and to depth is very encouraging with results supporting the notion of fold and fault controlled gold. While much needs to be done to fully understand what controls the economic concentrations, the broad widths of mineralization, isolated high-grade gold veins and numerous occurrences of visible gold all support the expectation of developing the broad economic grades encountered in the same geologic environments by Newmont at their Ahafo project, to our immediate south."

Published in News Releases

African Gold Group, Inc., is pleased to report that its Phase I exploration program at Nyankumasi, Ghana, has confirmed a gold mineralized strike length measuring approximately four kilometres, at the southernmost significant gold-in-soil anomaly known as the - "Linear Anomaly".

The Nyankumasi concession covers approximately 20 square kilometres and is situated in the northeastern section of the Ashanti gold belt, approximately 48 kilometres east of AngloGold Ashanti's Obuasi mine and approximately 30 kilometres south-southwest of Newmont Mining Corporation's US$500 million Akyem Project, which is scheduled for production in 2H, 2008.

Past exploration work programs at Nyankumasi have consisted of a reconnaissance alluvial program, stream and outcrop sampling, geological mapping, sampling of historical workings, survey grid work, pitting, trenching and RC drilling.

To date, three significant gold-in-soil anomalies have been identified within the concession: The Northern, Central and Linear Anomalies (refer to map). Approximately 3,135 soil samples were collected with 107 of those results showing greater than 100 ppb gold with a peak value of 3,820 ppb gold.

The southern most gold-in-soil anomaly (the Linear Anomaly) is a linear feature with dimensions of approximately 4,000 metres by 400 metres that trends in a northeast-southwest direction. 

AGG's Phase I exploration program, completed in Q4, 2005, targeted the Linear Anomaly and consisted of:

  • Grid establishment (48.55 line-km)Soil sampling (1,221 samples)Ground Magnetic surveying (44.55 line-km)Trenching (3 new trenches - 203m & 595 m³, 1 old trench - 42m, for a total of 302 samples)
Trench Summary and Significant Results, Horizontal Channel Samples
---------------------------------------------------------------------
                 Interval (m)     Au (g/t)  Min Au (g/t) Max Au (g/t)
Trench    ----------------------
           From    To     Length
---------------------------------------------------------------------
NK-T1 Ext     0     8          8     0.49          0.14         1.60
 incl         5     6          1     1.60
---------------------------------------------------------------------
NK_T1         0    85         85     0.27          0.11         1.71
 incl        31    56         25     0.49
 or          48    52          4     1.21
---------------------------------------------------------------------
NK_T2         0    55         55     0.24
 incl        11    12          1     0.44
 incl        16    17          1     0.64
 incl        30    55         25     0.32
---------------------------------------------------------------------
NK_T3         0    42         42     0.28          0.08         0.97
 incl         4     6          2     0.42
 incl        12    21          9     0.51
 incl        39    41          2     0.45
---------------------------------------------------------------------
NK_T4                      No Significant Intercept
---------------------------------------------------------------------
Published in News Releases

African Gold Group, Inc.;is pleased to report the metallic assay results for an additional 9 diamond drill holes from AGG's Kobada, Mali gold project.

HIGHLIGHTS

  • KB07-67: 81.50 meters of 0.96 g/t Au, including 52.70 meters at 1.29 g/t AuKB07-73: 38.20 meters of 1.93 g/t Au, including 6.50 meters of 9.39 g/t AuRecent Drilling pushes south beyond known envelope, to section 29+50S, 400 meters south of any drill hole reported to date by AGG. Samples prepared and in lab for analysisDeposit remains open along strike
  • RESULTS AND ANALYSI

For coherence, the results from the nine diamond 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. Please see the attached map for the collar locations and trace of each hole and the respective section the holes were drilled on.

Kobada-Drilling-Section

Published in News Releases

African Gold Group, Inc., ("AGG" or the "Company") is pleased to report the metallic assay results for an additional 23 diamond drill holes from AGG's Kobada, Mali gold project.

HIGHLIGHTS

  • KB07-83: 10.50 meters of 16.76 g/t Au, including 1.50 meters of 94.34 g/t Au and 1.0 meters of 32.19 g/t Au, intercepted at 20.50 meters downhole
  • KB07-78: 56.00 meters of 1.29 g/t Au, including 1.10 meters of 45.03 g/t Au
  • KB07-99: Drilled on section 29+00S, halted due to rains at 88 meters in Au mineralization. Collar protected and drilling to resume, weather permitting
  • Deposit remains open along strike in both directions

RESULTS AND ANALYSIS

For coherence, the results from the 23 diamond 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. Please see the attached map for the collar locations and trace of each hole and the respective section the holes were drilled on.

Kobada-Drilling-Section

TABLE 1: RESULTS FROM AGG'S DIMAOND DRILLING CAMPAIGN

  • Signficant Intersections On Sections Drilled
  • Metallic Assays
  • Kobada Project, Mali
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 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 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
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