African Gold Group
Discovering a world class gold deposit has the potential to create enormous wealth for shareholders - this remains our sole objective. Our Management has over 100 years of operating experience in Africa, and has played critical roles in raising more than $200 million for gold exploration and development projects on the African continent. Our Properties within Ghana and Mali are some of the most prospective exploration ground in all of Africa. Our Plan is to convert our known gold potential into confirmed resources.
African Gold Group intercepts gold over 5.5 kilometers
African Gold Group (TSX-V: AGG) announced assay results for reconnaissance drill holes, from 5.5 kilometers of strike length of the Kobada, gold deposit in Mali.
Highlights included, 9 meters at 25.8 grams per tonne (g/t) gold - including 1 meter at 228 g/t, 14 meters at 3.66 g/t gold - including 9 meters at 4.61 g/t, and 18 meters at 1.78 g/t gold - including 7 meters at 3.59 g/t.
The company released an initial 43-101 mineral resource estimate for Kobada, earlier this month.
Ben Adoo, chairman of African Gold Group, said:
"We are most encouraged that this program of reconnaissance reverse circulation drilling, on a 400 meter to 800 meter sectional spacing, has identified gold mineralization over 5.5 km of strike length at Kobada, Mali.
Other African Gold Group articles
-
23/10/08 African Gold Group – Signs an agreement with Newmont for Newmont to earn 70% interest in Mankranho, Ghana
-
29/04/08 West African Mining industry – Yet to reach the heights it deserves!
-
10/03/08 African Gold Group: assets in established Ghanaian and Malian mining districts