AFRICAN GOLD GROUP
African Gold Group is a Canadian listed exploration and development company on the TSX Venture Exchange (TSX V:AGG) with its focus on developing a gold platform in West Africa.
African Gold Group is focused on the development of the Kobada Gold Project in Mali, a low capital and low operating cost gold project with the potential to produce more than 50,000 ounces of gold per annum for greater than 10 years of mine life. The Kobada Project is an advanced gold project located approximately 125km south south west of Bamako, the capital city of Mali.
Kobada is a near-surface gold project that has a global resource base of over 2.2Moz of gold. Previous operators completed 1,108 holes and 126,335m of drilling on the property and completed 3 economic studies, the last one being a feasibility study released in February 2016. Although the economics were compelling, the new management of the project has decided to undertake internal scoping studies in order to gain a better understanding of the project with a goal to optimize the size of the envisioned mine and increase the confidence in the resource model.
In addition, African Gold Group is also focused on advancing its second project currently under option towards a maiden resource, the Madougou Gold Project in Burkina Faso. The Madougou Gold Project is a mid-stage exploration project, located in the north-western region of Burkina Faso. The project has been extensively explored, with both ground and airborne geophysical surveys conducted, and over 20,000m of RC drilling completed on the 182km2 land package. Madougou is in a mining favourable jurisdiction within West Africa, and is contained in a regional mineralised area of the greenstone belt within Burkina Faso, with several gold producing operations in the immediate area. AGG view the Madougou Project as a highly strategic asset, with tremendous potential to add significant value to the Company. For more information regarding African Gold Group visit the Contact section of the website.