Description
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.
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Company Statement:
African Gold Group, Inc's focus is EXPLORATION - "The Greatest Wealth Creation Opportunity in Mining." The Company has 3 separate projects in Ghana, each located less than 30 km from existing milling infrastructure and 3 separate project sites in Mali, West Africa.
Investment Highlights
"Flagship" asset - Kobada, Mali - multi-million oz Au potential. 20,000 m RC drill program commenced.
AGG has entered into a joint venture agreement with Randgold Resources Ltd. to explore its Bagoe Assets in Mali.
Assuowunu, Ghana, contiguous and immediately on strike with Keegan Resources Inc. (KGN) Esaase property of 1.43 million ounces of gold.
Nyankumasi, Ghana, 30 km from Newmont's Akyem project.
Veteran management team with over 100 collective years of operating experience on the African continent.
Collectively raised over $200 million in exploration capital for gold exploration and development.
Current Operations:
Ghana
The ancient Empire of Ghana was located to the north and west of current-day Ghana, and its name was adopted as a reference to the descendants of the Empire. In 1957 Ghana, known as the Gold Coast, became the first country in colonial Africa to gain its independence. Ghana practices a multiparty parliamentary democracy based on a constitution. By regional standards, it is a well-administered country, widely regarded as a model for political and economic reform in Africa.
Ghana is the second largest producer of gold in Africa. Rich mineral resources such as gold, diamonds, manganese, limestone, bauxite, iron ore as well as various clays and granite deposits are major sources of foreign exchange. In 1999, Ghana produced 2,620,096 million ounces of gold and 684,033.4 carats of diamonds. [Read More]
Mali
Mali, the largest country in West Africa, was named after the Empire of Mali, reaching its pinnacle of power and wealth during the 14th century, extending over almost all of West Africa and controlling virtually all of the rich trans-Saharan gold trade. It was during this period that Mali's great cities, Timbuktu and Djenne, became fabled centers of wealth, learning, and culture.
In 1880 Mali was invaded by France, and for the next 80 years struggled to gain its independence. The Republic of Mali, under Modibo Keïta, withdrew from the French Community on September 22, 1960. Today, Mali is known as a stable, multi-party democratic republic. [Read More]
Management
Benjamin O. Adoo, ACSM, (Camborne); M. Eng. (McGill); C. Eng.
Chairman of the Board of Directors
Managing Director, AGG (Ghana) Limited
Former Managing Director, Ghana Bauxite Co. Ltd., a subsidiary of Alcan Inc. Former General Manager of Prestea, Tarkwa and Dukwa Goldfields in Ghana. Past President and Honorary Member of Council of the Ghana Chamber of Mines.
Michael A.J. Nikiforuk
President, Founder & Director
Mr. Nikiforuk (B.A. Econ.) is the former Vice President, Corporate Development and a former Director of Banro Resource Corporation. Mr. Nikiforuk represented Banro in three rounds of equity financing totaling approximately $30,000,000.
Mr. T. Greg Hawkins, P. Geo
Founder & Director, Exploration
Founder of CME & Company. Mr. Hawkins holds a B.Sc. (Geology) and a M. Sc. (Mineral Economics). Through CME & Company he has consulted for: Anglo American, Barrick Gold Corp., Nevsun Resources Ltd., Banro Resource Corporation, Cypress Amax and Gold Fields Ltd. Mr. Hawkins has resided in Accra, Ghana over the past 12 years.
Mr. Marco J. Durante
Vice President, Founder & Director
Mr. Durante (B. A. Econ) focuses on providing venture capital and Investor Relations strategies and financing initiatives on an ongoing basis to growth oriented companies. Mr. Durante has substantial past experience with mining companies, including Banro Resource Corporation and Lyndex Explorations.
Mr. David S. Brown, LL.B.
Director
A partner in the Corporate Department of Toronto based WeirFoulds LLP, Mr. Brown is a Founder and past Chairman and presently serves as a Director of the Toronto Venture Group, President of the Limited Market Dealers Association of Canada and a member of the Executive Committee of the Toronto Angel Group.
Major Shareholders
No info available.
Contact Information
Head Office
AFRICAN GOLD GROUP, INC.
BCE Place, Canada Trust Tower,
27th Floor, 161 Bay Street
Toronto, Ontario
Canada M5J 2S1
Phone: +1(416) 572-2252
Fax: +1(416) 572-4107
Website: www.africangoldgroup.com
Contact
Michael Nikiforuk, President
Tel: +1(416) 572-2225
Email: majn@africangoldgroup.com
Marco Durante, Vice President
Tel: +1(416) 572-2228
Email: mjd@africangoldgroup.com
Maurizio Fava, Investor Relations
Tel: +1(416) 917-1812
Email: ir@africangoldgroup.com
Subsidiary Office
AGG (Ghana) Limited
No. 10, Soula Loop
North Labone, Accra
Ghana
Phone: +233 21 760-543
Email: ghana@africangoldgroup.com
Website: www.africangoldgroup.com
Corporate Information
Auditors:
BDO Dunwoody LLP
Bankers:
CIBC
Solicitors:
WeirFoulds LLP
Registrar and Transfer Agent:
Equity Transfer Services
Share Listings:
TSX Venture Exchange, Vancouver, Canada
Symbol: AGG