African Gold Group, Inc., is pleased to report the assay results from diamond drill holes KB07-17 through KB07-25 that were drilled in February, 2007. Collectively, these holes were collared on 50 meter spacing, relative to prior holes drilled, on sections 15+50S, 16+00S, 17+00S, 18+00S, 18+50S. In addition, KB07-24 and KB07-25 represent the first holes drilled by AGG on section 19+00S, demonstrating the ongoing progress of AGG’s drill campaign to “connect” the sections on 50 meter spacing between sections 15+50S through 24+00S (see attached drill hole plan map).
At present, a Longyear 38 and LF90D diamond drill rig(s) continue to in-fill drill on 50 meter spacing on a 2 shift/day, 7 days/week (24×7) basis. Upon completing the infill program between sections 15+50S and 24+00S, AGG will subsequently initiate drilling to delimit the strike extension to the northeast of section 15+00S and to the southwest of 24+00S. To date, the project remains open in all directions.
RESULTS AND ANALYSIS
The results for diamond drill holes KB07-17 through KB07-25 are shown in Table 1 below. Please see the attached map for the collar locations and trace of each hole.
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 CONTINUING DIAMOND DRILLING CAMPAIGN
The above results confirm an additional 50 meters of strike length and simultaneously test another historical section in 19+00S. AGG has now successfully tested 600 meters of the 1,200 meters that are indicated by historical drilling (see Table 2, below).
TABLE 2: HISTORICAL DRILLING ON SECTION 19+00S
“Drilling is delineating the limits of at least three en echelon deposits that together indicate a width of a structural corridor of at least 150 meters. The application of an economic cutoff of 0.5g/t is defining zones of potentially economic grades over mineable widths to depths of 300 meters. Previous drilling was designed to define a shallow oxide resource and was therefore short in many instances. As we continue to drill longer and deeper holes along the 1.2 kilometer “Zone 1″ trend, a much more complete picture of the total potential will emerge. At present, assay results from an additional 23 holes from within this region are pending. The commencement of the geophysics program will define the extensions of this corridor and any offsets that occur. These targets will keep AGG’s two drill rigs busy well into the summer months. In addition, new artisanal mining activity along and parallel to the corridor is also indicative of the additional untapped potential. The local population have been exploring and mining the Kobada region for hundreds of years and can still find new resources within sight of old workings”
Greg Hawkins, P Geo.
The geotechnical portion of this press release has been reviewed and approved by 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.
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