African Gold Group, Inc., is pleased to report the assay results for five trenches, located within the immediate proximity of the excavated artisanal mining pit at AGG’s Manso Atwere ( Ghana) concession. The five trenches total 1,628 meters in aggregate length and average 3 meters in depth. All trenches were sampled on two meter spacing. Diamond drilling is currently underway at AGG’s Manso Atwere concession and will shift to AGG’s Assuowunu concession, contiguous with Keegan Resource’s Esaase concession, within approximately 14 days.
TABLE 1: ASSAY RESULTS FOR TRENCHES (Composites of 2 meter samples)
|GYTR01||From: 625510||From: 713256||207||450 m||10 m||0.69|
|To: 625893||To: 713055||193||2 m||1.43|
|GYTR02||From: 625490||From: 713094||210||348 m||2 m||1.30|
|To: 625771||To: 712958||222||84 m||3.00|
|incl 36 m||6.28|
|incl 16 m||13.60|
|GYTR03||From: 625817||From: 713333||228||250 m||No Significant Results|
|To: 625977||To: 713247||230|
|GYTR04||From: 625584||From: 713111||212||280 m||4 m||31.20|
|To: 625834||To: 712963||247||incl 2 m||62.00|
|incl 12 m||3.24|
|incl 8 m||4.00|
|GYTR05||From: 625457||From: 712928||259||300 m||30 m||0.58|
|To: 626114||To: 740418||241||14 m||4.31|
|incl 8 m||7.20|
The Company announced its acquisition of the Manso Atwere concession on October 25, 2007. The 7.2 sq km concession represents the fifth distinct contiguous concession that comprises AGG’s 456.2 sq km consolidated land holdings in the northern Asankrangwa gold belt. Much of the gold that has contributed to the wealth of the famous Ashanti Kingdom, over centuries, has come from this region (http://www.ashanti.com.au/). More recently, this region has been the subject of extensive conventional mining and includes the recent discovery of Keegan Resource’s Esaase gold deposit, which is contiguous with AGG’s Assuowunu concession.
The Manso Atwere concession contains an unusually large, recently excavated, open pit that was manually dug by locals with pick and shovel. This pit measures approximately 110 meters in length, approximately 35 meters in width and approximately 35 meters in depth. It is estimated that approximately 300,000 metric tons of ore has been manually moved from the site of the pit, located on a hilltop, approximately 2 km to the valley floor where there is water for processing the ore. On November 07, 2007, AGG reported the assay results from 52 channel samples that spanned 104 meters of the exposed footwall of the pit as follows:
TABLE 1 CHANNEL SAMPLE ANALYSIS =============================================================== Interval with Grade (g Au/t) and Anomaly sample numbers width of mineralization =============================================================== 1 J1001-J1004 ( 0 - 8m) 1.14 g Au/t over 8m --------------------------------------------------------------- 2 J1016-J1027 (30 - 52m) 2.36 g Au/t over 22m --------------------------------------------------------------- 3 J1047-J1052 (88 -100m) 2.73 g Au/t over 12m
In addition, two grab samples that were collected from the artisanal miner’s stock pile of ore, that was ready to be crushed and washed, returned assay values of 10.2 g Au/t for sample J1059 and 20.9 g Au/t for sample J1060. Please activate link to view artisanal open pit.
“There is a growing conviction amongst AGG’s team that our 456.2 sq km Asankrangwa Holdings represents significant potential for our Company and our shareholders. We hold the dominant land position in the region and are bordered by historical sites of production to the north, south and west of our footprint. Current exploration by Keegan and others continues to demonstrate the growing importance of the region and we applaud their success. Clearly, these trench results represent the most compelling drill targets that AGG has generated in its history. Diamond drilling is currently underway and we remain eager to compare the pending assay results with the internal expectations generated by these drill targets,”
AGG President, Michael A. Nikiforuk.
A total of 13 diamond drill holes approximating 2,500 meters, in aggregate, are currently being drilled at Manso Atwere. A bulldozer is currently on site at AGG’s Assuowunu concession, contiguous with Keegan’s Esaase concession, cutting access roads and drill pads. The diamond drill rig will be moved to Assuowunu in approximately 14 days and commence testing drill targets that are parallel to and contiguous with structures that control mineralization at Keegan’s Esaase gold deposit.
SAMPLING AND ANALYSIS
All samples are dried at a temperature of 105oC. The samples are crushed (when necessary) using a jaw crusher to a nominal 2mm then 1.5kg is split using a Jones type riffle splitter. A reject sample is retained in the original bag and stored. The split is finely pulverized in a chrome steel bowl (B2000) to a nominal 90% passing 75um. A 200g sub-sample is taken into a paper craft packet for assay, with the pulverized residue retained in a plastic bag. All preparation equipment is flushed with barren material prior to the commencement of the job and also intermittently in the course of the job. A 50g sample is weighed from the 200g sub-sample, fused with a litharge based flux, cupelled then the prill is dissolved in aqua regia and gold is determined by flame Atomic Absorption Spectrometry (AAS).
Mr. Ben Adoo, C. Eng., AGG Chairman, is the Qualified Person with respect to NI 43-101 at Assankrangwa.
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 twelve gold concessions that are consolidated in five distinct 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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