“Zone 1” Continues To Demonstrate Continuity
TORONTO, CANADA, JANUARY 17, 2007
African Gold Group, Inc., (“AGG” or the “Company”) is pleased to report the results from two of four diamond drill holes that were completed in December, 2006. The two holes, that are the subject of this release, represent an additional 473 meters drilled out of the planned 10,000 meter infill diamond drill program at AGG’s Kobada concession, located in Mali, West Africa. The remaining two holes, totaling 435.5 meters, will be reported as soon as assay results are delivered to the Company.
The Company’s 2007 diamond drill campaign is currently underway, representing the continuation of AGG’s 10,000 meter infill program within the 1.2 km strike length of “Zone 1”, which represents 10% of the 12 km anomalous strike length of the overall Kobada Trend.
RESULTS AND ANALYSIS
The results from the two diamond drill holes, located on lines 1700S and 1750S, totaling 473 meters, are shown in Table 1 below.
“The initiation of the application of metallics assays has demonstrated the suspected coarse gold component in the Kobada deposit. This is a positive development in that it supports the probability of a simple recovery process, although it does provide challenges in grade estimation. In general, we suspect it will increase the real grade that has been measured in the past and will produce more consistent results than were achieved by the previous operators, at Kobada. We will therefore be re-evaluating our past results as well as making the metallics assay procedure standard practice in the future,”
Greg Hawkins, P.Geo.
The drill core samples were both HQ and NQ size and were cut in half by a diamond saw on site. Half of the core from one meter long samples was shipped to Groupe de laboratoire ALS MALI SARL, located in Bamako, Mali and analyzed for gold by fire assay on a 50 gram sample charge. Metallic screen assays were also performed on all samples from within the mineralized zone. Standards and blanks were inserted alternatively every 20 samples submitted to the laboratory for analysis.
TABLE 1: RESULTS FROM AGG’S DECEMBER, 2006 DIAMOND DRILLING CAMPAIGN
Hole Interval (m) Au (g/t) From To Length Metallics Assay KB06-10 75.0 104.0 29.0 1.04 and 119.0 181.0 62.0 1.71 incl 119.0 140.0 21.0 3.57 KB06-11 61.0 65.0 4.0 3.83 and 84.0 125.0 41.0 1.01
Kobada continues to produce solid results within “Zone 1” of the overall concession. To date, AGG has drilled a total of 19 diamond drill holes, (of which assay results have been released for 17), representing 4,141.5 meters of the planned 10,000 meter program, within “Zone 1” of the Kobada concession. All 17 holes, that have been assayed to date, have intersected significant gold mineralization. Six of AGG’s 19 holes have been drilled in the southern extremity of “Zone 1” on lines 2200S, 2300S and 2400S. In June-July of 2006, AGG stepped out 800 meters on strike, to the northeast and diamond drilled an additional nine holes on lines 1600S, 1650S, 1700S and 1750S. The two holes discussed in this press release represent a continuation of diamond drilling on 50 meter spacing on lines 1700S and 1750S (see attached map).
The potential for increasing the overall strike length within the 1.2 km region of “Zone 1” remains excellent, as some of the best mineralization encountered to date is located at the most northerly and southerly locations of the existing strike length. In addition, AGG has demonstrated the continuity of mineralization to a depth of 300 meters within “Zone 1” with all indications for more mineralization beyond this level. Grades of greater than 1.0 g/t Au have been demonstrated consistently over true widths of 30 to 50 meters. 11 of the 16 holes that have intersected the mineralized horizon to date have intersected narrow widths of greater than 10.0 g/t Au, ranging from 19.60 g/t Au over 0.55 meters to 29.43 g/t Au over 3.3 meters, suggesting the possibility of underground potential as well.
AGG will begin to direct its exploration initiatives to testing the additional 11 kilometers of known strike that has yet to be examined in detail with the application of an IP and ground magnetics survey. The Company anticipates its current diamond drill program will continue unabated through to July 2007.
The Kobada concession is located in the Kangaba region of Mali. It hosts a significant anomaly that is defined by 12 kilometers of strike length with a corresponding width of 1 kilometer. This anomaly has greater than 500 ppm arsenic-in-soil geochemistry with coincident, extensive artisanal surface, hardrock and placer mining activity. Previous work on the concession, commencing in the 1980’s, approximated US$3.5 million and was undertaken by French exploration entities: BRGM, La Source and Cominor (COGEMA). Their collective work comprised surface geochemical and geophysical surveys, 1,736 meters (18 holes) of AirCore drilling, 13,200 meters (134 holes in “Zone 1” out of a total of 156 holes) of RC drilling and 913.4 meters (7 holes) of diamond drilling. Their initial primary target within the 12 kilometer strike length that comprises the Kobada Trend has been a 1.2 kilometer zone of extensive artisanal hardrock mining activity referred to as “Zone 1”.
The geotechnical portion of this press release has been reviewed and approved by T. Greg Hawkins, P. Geo., a Qualified Person.
African Gold Group, Inc., based in Toronto, Canada, is engaged in the identification, acquisition and exploration of prospective gold projects that are situated along significant gold trends within West Africa. To date, the Company controls a total of nine gold concessions that are consolidated in five separate standalone exploration projects, of which three projects are located in Ghana and the remaining two are located in Mali, West Africa.
Additional Information is available on www.sedar.com or at
AFRICAN GOLD GROUP INC.
151 Yonge St.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.