African Gold Group, Inc., is pleased to report the drill results from a campaign of due diligence drilling consisting of 22 reverse circulation (“RC”) holes and 2 diamond drill (“DD”) Holes.
- KBRC9-04: 42 m @ 1.91 g/t Au, including 1 m @ 25.90 g/t Au
- KBRC9-05: 18 m @ 1.02 g/t Au
- KBRC9-05: 18 m @ 7.04 g/t Au, including 1 m @ 112.25 g/t Au (ended in mineralization)
- KBRC9-08: 11 m @ 2.42 g/t Au
- KBRC9-09: 44 m @ 0.97 g/t Au
- KBRC9-15: 10 m @ 1.06 g/t Au
- KBRC9-17: 8 m @ 6.13 g/t Au, (ended in mineralization)
- KBRC9-19: 9 m @ 1.68 g/t Au
- KBRC9-20: 8 m @ 7.74 g/t Au
- KBRC9-20: 21 m @ 4.89 g/t Au, includes 1 m @ 77.99 g/t Au (ended in mineralization)
- KBRC9-21: 26 m @ 0.88 g/t Au, (ended in mineralization)
- KB09-100: 16 m @ 0.92 g/t Au (DD hole)
This drill campaign was funded and undertaken by a distinct, separate corporate entity. Drilling represented part of a larger due diligence initiative, which in turn comprised part of a broader Confidentiality Agreement between AGG and the undisclosed corporate entity. The terms of the Confidentiality Agreement provide for AGG to receive and incorporate drill results into AGG’s broader Kobada technical data base, as well as, disseminate the information to shareholders.
A total of 24 drill holes were completed during this campaign. Eleven of the 24 holes (9 RC and 2 DD holes) were drilled on 100 meter sections within “Zone 1” of the Kobada deposit, the area from which the 2008 initial resources estimate was based on (see press release dated May 20, 2008 & September 23, 2009).
The drill results from the 11 holes drilled within the saprolite region of “Zone 1” are listed in Table 1 below:
Table 1: Results From 9 RC & 2 DD Holes In Saprolite Within”Zone 1″
|2200S||KBRC9-05||97||100||3||0.40||Ends In Mineralization|
|* represents length down the hole – all holes drilled at -55°|
The remaining 13 RC holes were drilled outside of the known resource with the specific intent of testing the “blue-sky” potential along strike to the north of “Zone 1”. The most northerly holes were drilled on section 1100S, representing a 450 meter step-out to the north of section 1550S, the most northerly section of “Zone 1”.
The drill results from the 13 RC step-out holes to test the “blue-sky” potential, to the north of “Zone 1” along strike are listed in Table 2 below.
Table 2: Results From 13 RC Step-Out Holes Within Saprolite
|1300S||KBRC9-17||103||111||8||6.13||Ends In Mineralization|
|1100S||KBRC9-20||87||108||21||4.89||Ends In Mineralization|
|1100S||KBRC9-21||111||120||9||0.57||Ends In Mineralization|
|* represents length down the hole – all holes drilled at -55°|
- True width is unknown at this time.
- Intersections are based on a 0.3 g/t gold cut-off with maximum internal dilution of 5m for the lower grade mineralization envelope
- The intersections listed in the table represent sections of at least 3m.
- The RC portions of the drill holes were sampled at 1-m intervals. The cored portion of the drill holes were sampled at one metre intervals and cut in half using a diamond saw. Half-core is archived at the core storage facility on site while the other half was sent to the laboratory.
- Analytical procedure was Leachwell with the incorporation of duplicates and standards as part of QA/QC. Analysis was performed at ALS Chemex at Ouagadougou, Burkina Faso.
All drill holes were concentrated in the upper oxide profile (saprolite) of the Kobada deposit and ranged in length from 64 meters to a maximum length of 120 meters down the hole.
The main objectives of the drill program were:
- To confirm the overall historical grade and continuity of the saprolite zone of the deposit, which averages approximately 75 vertical meters in depth, from surface. As stated above, 9 RC holes on 100 meter sections (2600S, 2500S, 2400S, 2300S, 2200S, 2100S, 1900S, 1800S, 1700S) and 2 DD holes (2000S and 1600S) tested the saprolite zone, within “Zone 1”.
- To test the effect of a bigger sample support (RC vs DD) and of a larger aliquot (2kg vs 50g) during assaying.
- Step-out drilling beyond the 2008 northern limit of the “Zone 1” deposit on sections 1500S, 1400S, 1300S and 1100S to test for the potential extensions of Au mineralization along strike to the north.
- To conduct metallurgical test work by testing the saprolite generated from RC drilling in “Zone 1” of the deposit by gravity, including crushing, with or without milling. A total of 127 samples with a cumulative weight of 280 kg were shipped to Canada for evaluation.
- Based on the results of this program it can be stated that using a bigger sample support(s) and aliquot(s) indicates the potential to increase overall grade and/or in situ gold content, at Kobada, in the saprolite (or oxide zone) by up to 39% with samples that contain high assays uncut. Samples containing high assay values that are cut back to 10 g/t Au continue to demonstrate an increase in overall grade and/or in situ gold content of approximately 11%.
- Step-out drilling beyond the northern region of Zone 1 showed that the mineralization intersected on Line 1200S in the 2008 RC drilling extend to Lines 1300S and 1100s adding a potential 200m strike length to the Zone 1 strike length of 1200m.
- Gravity and cyanide leach testing were initiated on some 280 kg of RC drill chips and core rejects. Early results indicates that both processing routes give good gold recovery. The final metallurgical test report detailing gold characterization and deportment tests is still pending and will be reported separately, upon receipt.
At this juncture management remains committed to the continuing development of its Kobada gold project, located in Mali, West Africa. Presently, drilling continues at Kobada and additional drill results are anticipated and will be reported in due course. Furthermore, the airborne survey of the entire Kobada gold project, comprising 216 sq kms and consisting of 4,700 linear kilometers flown on 50 meter line spacing at an altitude of 30 meters is complete. Final interpretation of the geophysical survey is anticipated within the next 30 days and is anticipated to generate a substantial increase in structural drill targets.
Third party due diligence remains ongoing and continues at Kobada at this point in time and management continues to express its interest in assessing all practical avenues to enhancing shareholder value through the continued development of its Kobada, Mali gold project.
Under the guidelines of National Instrument 43-101, the qualified person for the Kobada Gold Project is Mr. Pierre Lalande, P. Geo. Mr. Lalande is a member of the Association of Professional Geoscientists of Ontario and has reviewed and approved the contents of this news release.
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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