Close up of hand with gold

News


News Releases

African Gold Group, Inc: KB07-73 Intersects 38.20 Meters Of 1.93 G/T Au, Including 6.5 Meters Of 9.39 G/T Au At Kobada, Mali

10 July 2007

African Gold Group, Inc.;is pleased to report the metallic assay results for an additional 9 diamond drill holes from AGG’s Kobada, Mali gold project.

HIGHLIGHTS

  • KB07-67: 81.50 meters of 0.96 g/t Au, including 52.70 meters at 1.29 g/t AuKB07-73: 38.20 meters of 1.93 g/t Au, including 6.50 meters of 9.39 g/t AuRecent Drilling pushes south beyond known envelope, to section 29+50S, 400 meters south of any drill hole reported to date by AGG. Samples prepared and in lab for analysisDeposit remains open along strike
  • RESULTS AND ANALYSI

For coherence, the results from the nine diamond drill holes have been organized according to the section the hole was drilled on as opposed to numerical order and are depicted in Table 1 below. Please see the attached map for the collar locations and trace of each hole and the respective section the holes were drilled on.

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 DIAMOND DRILLING CAMPAIGN

Significant Intersections On Sections Drilled

  • Metallics Assays
  • Kobada Project, Mali
Section Hole Interval Au (g/t)
From ToLength
20+00S KB07-71

89.50

93.50

4.00

0.27

20+50S KB07-74 130.00 138.50 8.50 1.51
143.50 151.00 7.50 0.86
incl 143.50 149.50 6.00 1.03
21+50S KB07-70 7.00 24.80 17.80 0.69
incl 16.00 21.00 5.00 1.48
30.80 57.70 26.90 0.35
incl 30.80 35.00 4.20 1.11
64.20 88.00 23.80 1.82
incl 71.50 83.50 12.00 3.26
KB07-72 35.50 50.00 14.50 0.57
incl 37.00 40.00 3.00 1.49
118.50 137.50 19.00 1.14
incl 118.50 121.00 2.50 4.88
and 128.50 131.50 3.00 2.31
22+50S KB07-67 182.00 193.50 11.50 0.25
198.50 280.00 81.50 0.96
incl 226.00 278.70 52.70 1.29
KB07-69 70.50 82.00 11.50 1.32
88.00 127.00 39.00 0.48
24+50S KB07-65 103.50 114.90 11.40 0.44
120.00 127.00 7.00 0.46
25+00S KB07-73 78.80 117.00 38.20 1.93
incl 92.50 99.00 6.50 9.39
incl 94.00 96.00 2.00 28.04
and 106.70 112.00 5.30 1.12
145.50 162.50 17.00 0.71
incl 145.50 152.60 7.10 1.28
25+50S KB07-59 14.50 25.00 10.50 0.31

“The definition of the southern half of the “Zone 1” region continues. Recent drilling has taken the resource beyond the known envelope and is demonstrating that the regional limits are far from exhausted. We anticipate a similar scenario in the northern region of “Zone 1”, along what appear to be oblique fault offsets of the “Zone 1″ trend. Ultimately we will attempt an initial test of the strike from 0+00 to 30+00S, for a total of 3.0 kilometers, which represents approximately 25% of the known 12 km anomalous target that comprises the Kobada Trend,”

Greg Hawkins, P.Geo.

ANALYSIS OF REMAINGING DIAMOND DRILL HOLES

As of this date, the Company has drilled a total of 105 holes from 105 separate drill pads and reported assay results for a total of 72 diamond drill holes. Gold mineralization has been encountered in all 72 diamond drill holes reported to date.

Samples from an additional 33 holes, yet to be reported on, have been delivered to Groupe de laboratoire ALS MALI SARL for analysis and the Company will publish the results upon receipt. Today’s press release details results from as far south as section 25+50S within “Zone 1”. Recent drilling, yet to be reported on, has been undertaken on sections as far south as 29+50S, 400 meters south of any drill hole that AGG has reported on to date.

A preliminary model of “Zone 1” will be constructed based on the data generated by the above mentioned drill campaign as well as the data contained within the historical data base.

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.
11th Floor
Toronto, Ontario
M5C 2W7

Phone: 647-775-8538
Fax: 647-775-8301

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.