110 RC drill holes, representing a total of approximately 10,000 meters drilled, prior to the annual Christmas break.
As stated in the Company’s press release of October 11, 2007, AGG’s strategy going forward has shifted from the completed Phase 1 infill diamond drill program within “Zone 1” to a 25,000 meter RC drill program that is designed to step-out and explore the extent of the continuation of Au mineralization along Kobada’s untested strike length. “Our goal was to complete approximately 10,000 meters of RC drilling before the annual Christmas break and we are pleased to advise that we achieved this objective, generating 110 holes, working 2 shifts, 24 hours per day. We are grateful for the dedication and commitment of our Kobada based team,” states AGG Chairman, Ben Adoo, C Eng.
All of the 110 RC holes were drilled to a depth of approximately 90 meters (down the hole) at an angle of -55º and an azimuth of 290º. To date, a total of 5.3 km of Kobada’s primary structural strike length has now been explored to a minimum depth of 90 meters down hole. This sequential exploration exercise has consisted initially of infill diamond drilling “Zone 1”, which encompasses sections -2600S through -1400S (1.2 km), in addition to the recently completed RC drilling to the north and south of “Zone 1”. RC drilling commenced in November, 2007, to the immediate north of “Zone 1” on section -1200S and proceeded north with fences drilled on sections -400S, 00, +400N, +1000N, +1400N and +2100N before relocating the drill rig to the south of “Zone 1” on section -3200S. (Please see the link to the attached map that depicts the Kobada concession, “Zone 1”, sections recently RC drilled and trace of artisanal workings).
Below is the Q4 Kobada, Mali RC Drill Campaign
“We eagerly await the assay results from this initial phase of our RC exploration program. This step-out exercise has clearly taken AGG a considerable distance outside of the known mineralized envelope contained within “Zone 1” into what can accurately be described as uncharted territory within the Kobada concession. Our obvious objective is to confirm that gold mineralization continues to persist to the north and south of “Zone 1″ along strike. In a matter of weeks we realistically anticipate beginning to receive assay results from this very important exploration exercise and therefore fully expect to be in a position to pragmatically comprehend the evolving magnitude of Kobada’s true potential,” states AGG President, Michael Nikiforuk.
Samples from the 10,000 meter RC drill program were collected directly from the cyclone at 1 meter intervals and transported by truck to the on-site sample preparation facility. Drillers lifted the feed after each meter drilled to flush out any remaining rock chips or material to insure there is no contamination of the next sample. As drill rods are added, compressed air was released to flush any water or remaining material lodged in the pipe, avoiding sample contamination and insuring samples remained dry. Samples are weighed to calculate recovery and each sample is poured into a large basin and put through a rifle splitter. An eighth of the sample is split and sent to ALS Chemex Laboratory located in Bamako, Mali for analysis. Duplicates, standards and blanks are inserted to insure accuracy of lab analysis.
The Board of Directors of AGG has unanimously agreed to re-price all existing incentive options at $1.20. The re-pricing of specific options will be subject to the approval of the TSX Venture Exchange and will not be effective until AGG has received approval of a majority of the disinterested shareholders at the next annual meeting of shareholders.
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 ten 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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