African Gold Group, Inc. (TSX-V: AGG) is excited to report additional exceptional drill results in the northern extension of the main shear zone (Figure 1) from its Kobada Gold project in southern Mali.
Highlights Include (Table 1):
Following on from the previously reported drill holes of Phase 2, the next batch of assay results received from SGS laboratory in Bamako continue to demonstrate the large extent of the mineralization along strike and down dip along the highly prolific and auriferous Kobada shear zone.
“We are very happy to have completed our Phase 2 drilling campaign along our highly prolific Kobada Shear Zone,” says Dr. Andreas Rompel, Vice President Exploration. “We are pleased with the early high-grade results and are in keen anticipation of further high-grade intersections as the assay results are returned. The structural model has been confirmed over and over again, allowing us to drill the Kobada shear with high confidence, as well as other highly prospective targeted shear zones, as of yet untested.”
The outstanding results to date confirm management’s belief that the resource at the Kobada Gold Project is larger and of greater thicknesses than suggested in the 2016 Feasibility Study, and clearly highlights the strong upside potential given the results are materially above the current resource grade.
The planned Phase 3 drilling campaign will progress further northwards as we still receive high grade results from the Kobada Shear. To date, the Company has not discovered the northern end of mineralization. Furthermore, AGG intends to step away from the Kobada Shear to test the neighbouring and parallel striking Gosso Shear, which has been exposed by shallow artisanal mining.
Figure 1: Kobada exploration targets with Phase 1 and Phase 2 section lines is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a27d3d0f-33df-460a-b45b-fd9c81c1d671
|BHID||Ore Body||From||To||Composite Length (m)||Composite Grade (g/t)||From||To||Includes (m)||Includes (g/t)|
|KB19_P2_15||Main Shear North||214.20||219.00||4.80||1.83||218.00||219.00||1.00||6.24|
|KB19_P2_14||Main Shear North||9.90||26.00||16.10||0.81||9.90||11.00||1.10||1.48|
|KB19_P2_16||Main Shear North||111.50||112.70||1.20||4.59|
|KB19_P2_17||Main Shear North||158.00||159.50||1.50||28.80|
|KB19_P2_18||Main Shear North||35.00||36.00||1.00||2.70|
|KB19_P2_19||Main Shear North||20.10||72.50||52.40||1.12||20.10||21.30||1.20||1.33|
Table 1: Highlights
Figure 2: Section showing the drill holes KB19_P2_14, 5 and 17 (blue) intersecting the mineralized Kobada Shear Zone (orange and red) is available at
Figure 3: Drill hole locations and section lines in the central, southern and northern part of the Kobada Main Shear Zone is available at
The scientific and technical information contained in this press release has been reviewed, prepared and approved by Dr. Andreas Rompel, PhD, Pr. Sci. Nat. (400274/04), FSAIMM, Vice President Exploration of AGG, who is a “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and by Mr. Uwe Engelmann (BSc (Zoo. & Bot.), BSc Hons (Geol.), Pr.Sci.Nat. No. 400058/08, MGSSA), a director of Minxcon (Pty) Ltd and a member of the South African Council for Natural Scientific Professions.
About African Gold Group
African Gold Group is a Canadian listed exploration and development company on the TSX Venture Exchange with its focus on developing a gold platform in West Africa. Its principal asset is the Kobada Project in southern Mali.
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