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African Gold Group, Inc. Step Out Hole Intercepts 48 Meters of 1.28 g/t Au at New Discovery Zone – Infill Hole Intercepts 86 Meters of 0.8 g/t Au, Both Near Surface, at Kobada, Mali

13 January 2011

African Gold Group, Inc., is pleased to report the analytical results for 19 near surface (oxide) drill holes. Four holes comprise diamond drill holes, the balance of 15 holes were reverse circulation (RC) drill holes. Eleven of 19 holes were drilled into the hanging wall or foot wall, with the intent of defining the east-west  lateral extent of the mineralized structural corridor that contains the Zone 1 deposit. Seven holes consisted of definition drilling and one hole was drilled at azimuth 195 degrees to test the east-west tension gashes. The  infill drill holes reported in this release concludes the reporting of infill drill holes generated from the 2010 drill program.

Near Surface (Oxide) Drill Highlights Include:

  • RPA10-13: 86 m @ 0.8 g/t Au
  • RPA10-15A: 47 m @ 1.15 g/t Au, incl 1 m @ 16.99 g/t Au
  • RPA10-15: 28 m @ 1.18 g/t Au, Hole Ended In Mineralization @ 102 m
  • KBD10-104: 15.5 m @ 2.08 g/t Au
  • RPA10-28: 34 m @ 0.93 g/t Au
  • RPA10-21: 33 m @ 0.76 g/t Au, Hole Ended In Mineralization @ 126 m

The assay results depicting the 19 near surface (oxide) infill holes drilled within Zone 1 are listed in Table 1 below:

Table 1

Section Hole ID From (m) To (m) L (m) Au (g/t) EOH (m) Degrees (TN) Hole Objective
2350S RPA10-015A 0 48 48 0.69 144 195 Zone 1 Testing Gashes
2350S

 

RPA10-013

 

0

13

4

99

4

86

0.60

0.80

 

102

290

 

Definition

 

2350S

 

 

RPA10-012

including

including

30

35

44

77

36

45

47

1

1

1.15

12.51

16.99

 

 

114

290

 

 

Definition

 

 

2400S

 

 

RPA10-015

 

 

0

39

67

28

52

102

28

13

35

1.18

0.60

1.06

 

 

102

190

 

 

Definition In Hanging Wall

 

Ended In Mineralization

2050S

 

 

 

RPA10-026

 

 

 

1

54

82

101

43

58

85

116

42

4

3

15

0.36

0.46

0.30

0.41

 

 

 

126

290

 

 

 

Collared in Hanging Wall

Ends in Zone 1

 

 

2050S

 

RPA10-028

 

10

70

44

84

34

14

0.93

0.88

 

126

290

 

Collared in Hanging Wall

Ends in Zone 1

2050S

 

RPA10-029

 

0

64

27

67

27

3

0.53

0.31

 

121

290

 

Collared in Hanging Wall

Ends in Footwall

2050S

 

RPA10-030

 

0

25

3

28

3

3

0.44

0.90

 

126

290

 

Collared in Zone 1, Mostly Footwall

 

2050S RPA10-031 0 6 6 2.15 126 290 Collared in Zone 1, Mostly Footwall
2050S RPA10-032 111 120 9 0.32 126 290 Collared in Zone 1, Mostly Footwall
2050S

 

 

 

RPA10-033

 

 

 

8

37

86

99

11

69

90

102

3

32

4

3

0.40

0.57

1.13

0.50

 

 

 

126

290

 

 

 

Collared in Zone 1, Mostly Footwall

 

 

 

2100S

 

 

 

RPA10-024

 

 

 

17

70

90

115

39

73

93

118

22

3

3

3

0.52

0.33

0.49

0.49

 

 

 

126

290

 

 

 

Zone 1

 

 

 

2100S

 

 

KBD10-102

 

 

0

49.4

81.5

17.8

52.6

84.9

18

3.2

3.4

0.59

0.99

0.69

 

92

 

17

 

Definition & Testing of Tension Gashes

 

 

2100S

 

 

KBD10-103

 

 

0

24

 

5.5

28.5

56.1

5.5

4.5

6.3

0.49

0.90

0.50

 

 

101

17

 

 

Definition & Testing of Tension Gashes

 

 

2100S

 

 

KBD10-104

 

 

0

29.1

62

15.5

41.4

114

15.5

12

52

2.08

0.67

0.58

 

 

114

17

 

 

Definition & Testing of Tension Gashes

 

 

2100S

 

 

 

 

KBD10-105

 

 

 

 

0

8.5

47

74.4

90.7

2.5

34

64.3

78

115

2.5

26

17.3

3.6

24

0.32

0.58

0.78

0.29

0.69

 

 

 

 

120

17

 

 

 

Definition & Testing of Tension Gashes

 

 

 

 

2150S

 

 

RPA10-023

 

 

0

20

110

4

23

113

4

3

3

2.62

0.33

0.34

 

 

126

290

 

 

Mostly Footwall of Zone 1

 

 

2150S RPA10-025 100 104 4 0.55 126 290 Footwall of Zone 1
2150S

 

 

 

 

RPA10-021

 

 

 

 

0

10

43

68

120

4

27

48

101

126

4

17

5

33

6

0.35

0.40

0.38

0.76

0.44

 

 

 

 

126

290

 

 

 

 

Definition Ending in Hanging Wall

 

 

 

Ended in Mineralization

Notes:

  • In-fill holes drilled a N290 degrees azimuth are perpendicular to Zone 1 strike
  • In-fill holes drilled in other azimuth are designed to test for the density of occurrence of mineralized tension gashes perpendicular to Zone 1 strike
  • Significant drilled intercepts have a minimum length of 3m at 0.3 g/t or the product “Length X Grade” greater than 0.9 g.m/t
  • Up to 5m of horizontal “waste” included within mineralized intercept

STEP OUT HOLE KBRC10-059 EXTENDS GOLD MINERALIZATION TO 1.2 KM AT FOROKO NORTH DISCOVERY ZONE

On October 14, 2010 the Company reported that step-out drilling yielded the discovery of a new gold zone, located 4.3 km north-east of the most northerly section of the Zone 1 deposit. This new zone of extensive gold mineralization is located in a distinct structural setting and emanates from AGG’s Foroko concession. The Foroko concession is contiguous with AGG’s Kobada concession, on Kobada’s eastern boundary and projects north into the northeastern section of the Kobada concession. The Foroko north structure is oriented in a North/South (N-S) direction as distinct from the Kobada structure, which is oriented at north 20 degrees east.  

Near Surface (Oxide) Drill Highlights From Foroko North Step-Out Holes Include:

  • KBRC10-034: 23m @ 2.10 g/t Au
  • KBRC10-037: 10m @ 0.92 g/t Au
  • KBRC10-038: 53m @ 1.33 g/t Au and 9m @ 5.78 g/t Au, includes 1m @ 46.86 g/t Au
  • KBRC10-047: 16m @ 0.91 and 62m @ 1.04 g/t Au

The initial reporting of the Foroko North discovery zone resulted in gold mineralization intercepted over 600 meters of strike length as represented by KBRC10-032, collared 600 meters north of KBRC10-048.

The Company is pleased to report that discovery hole KBRC10-059 has intercepted 48 meters at 1.28 g/t Au, including 1 meter at 12.72 g/t Au. Of great significance is the fact that this discovery hole is located 600 meters south of hole KBRC10-048, the most southerly hole reported on October 14, 2010, as mentioned above (see plan map).

The assay results depicting the 10 near surface (oxide) RC holes drilled within the Foroko North new discovery zone are listed in Table 2 below:

Table 2: Foroko North

Section Hole ID From (m) To (m) L (m) Au (g/t) EOH (m) Degrees TN Hole Objective
1960N

 

 

KBRC10-59

 

Including

41

54

54

44

102

55

3

48

1

0.88

1.28

12.72

 

102

180

 

 

Testing Artisinal Diggings & Structure

Hole Ended in Mineralization @ 102 m

1990N

 

 

 

KBRC10-058

 

 

 

5

33

58

71

105

8

36

61

82

108

3

3

3

12

3

3.51

0.58

0.30

0.82

0.49

 

 

 

 

108

180

 

 

 

 

Testing Artisinal Diggings & Structure

 

 

Hole Ended in Mineralization @ 108 m

2060N KBRC10-057 64 71 7 0.68 108 180 Testing Artisinal Diggings & Structure
2080N

 

KBRC10-052

 

31

42

34

32

3

10

0.34

0.37

 

108

180

 

Testing Artisinal Diggings & Structure

 

2120N

 

 

 

KBRC10-051

 

 

 

14

34

81

100

18

37

84

103

4

3

3

3

0.68

0.38

1.07

0.33

 

 

 

108

180

 

 

 

Testing Artisinal Diggings & Structure

 

 

 

2175N

 

KBRC10-050

 

11

100

33

103

22

3

0.59

0.34

 

108

180

 

Testing Artisinal Diggings & Structure

 

2225N

 

 

KBRC10-049

 

Including

5

55

56

10

68

57

5

13

1

0.71

1.5

17.25

 

 

108

180

 

 

Testing Artisinal Diggings & Structure

 

 

KBRC10-54-56 No Significant Mineralization

“AGG is most encouraged by the results of discovery hole KBRC10-059 and the positive impact of this drill hole on expanding the mineralized strike length of the Foroko North structure from 600 meters to 1.2 km, to date. Ground reconnaissance initiatives, conducted by AGG Geologists demonstrate the Foroko North structure measures approximately 4 km in length. Drilling to date has tested approximately 30% of this structure. We therefore remain optimistic that 2011 drilling holds the potential to significantly increase the strike length of the mineralized envelope contained within this structure,” states AGG President, Michael A. Nikiforuk.

Foroko North Observations

The Foroko North structure is marked by a 2 km long N-S zone of contiguous ancient orpaillage workings which have resulted in collapse zones in the duricrust averaging 50 meters in width with areas up to 100 meters wide.  The investigation of certain of the workings, that have not collapsed, reveals that the artisanal mining was to depths of approximately 6 meters and mining was exclusively within the mottle zone (saprolite devoid of structure) of the laterite weathering profile.  To the north of this zone there is an additional 3 km of sporadic NNE oriented ancient and modern orpaillage activity that extends onto the Chakabougou airborne geophysical anomaly that is located in the northern region of AGG’s Acoma license. (For more information click here to view the AGG press release – Aug. 10, 2010).

Exploration Drilling Intercepts Significant Gold Mineralization At Foroko South Zone

The Company is pleased to report that a distinct drill target that is located approximately 1.5 km north-east of the most northern section of the Zone 1 deposit and approximately 2 km south-west of Foroko North was drill tested as part of the 2010 step-out exploration drill program. At present, AGG geologists are certain that this target is neither the southern extension of Foroko North and clearly not the northern extension of the Zone 1 deposit.

A total of 6 holes were drilled off two separate drill pads (see inset of Location Map) to test this region of extensive artisanal mining that AGG has named the Foroko South region. The extensive artisanal mining consists of a series of pit/shaft lines that are spaced approximately five meters apart over a distance of approximately 1.2 kilometers. Artisanal miners have dug approximately 15 shafts spaced approximately three meters apart on each line over the 1.2 km distance. Each of the manually dug shafts measure approximately five meters deep.

The Company is pleased to report that two of the six holes encountered significant gold mineralization. The assay results depicting the two near surface (oxide) RC holes drilled within the Foroko South region are listed in Table 3 below:

Table 3: Foroko South

Section Hole ID From (m) To (m) L (m) Au (g/t) EOH (m) Degrees TN Hole Objective
Foroko South
  
KBRC10-69

 

 

 

1

26

47

84

11

29

50

93

10

3

3

9

0.90

1.29

0.31

0.45

 

 

 

93

Testing Artisinal Diggings & Structure

Hole Ended in Mineralization @ 93 m

Foroko South
   
KBRC10-070

 

 

 

0

25

42

54

3

35

47

63

3

10

5

9

0.51

0.36

0.33

0.37

 

 

 

 

90

Testing Artisinal Diggings & Structures

 

 

 

AGG will continue to investigate the potential of the newly discovered Foroko South region as part of the 30,000 meter 2011 drill program.

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.

Sampling – QA/QC Program

RC cuttings are recovered at the bottom outlet of the RC rig cyclone into 50-kg capacity poly-weave bags to recover the cuttings from each 1 meter of drill penetration.  Each one meter sample weighs an average of approximately 19 to 23 kg.  Each sample is passed through a 3-tier Jones Riffler (1 to 8 split), the samples are riffled twice to obtain from 3 to 5 kg of cuttings which are put in a numbered sample bag. Each bag is sealed and dispatched to the ALS Chemex laboratory located in Burkina Faso.  The remaining 14 to 18 kg of cuttings (field rejects) are stored in camp under tarps to protect the bags against the elements.

Original samples are analyzed using Leachwell on 2 kg of pulp.  Leachwell is a bottle roll cyanidation procedure with the addition of a catalyst to speed up gold dissolution.  A QA/QC program is in place and includes:  blank (1 in 20 samples), duplicates (1 in 20), standards (1 in 20), external lab checks (1 in 30) and two different analytical procedures check (1 in 100).

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 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.

This press release includes certain “Forward-Looking Statements.” All statements, other than statements of historical fact included herein, including without limitation, statements regarding future plans and objectives of African Gold Group; and statements regarding the ability to develop and achieve production at Kobada are forward-looking statements that involve various risks and uncertainties.

There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from African Gold Group’s expectations have been disclosed under the heading “Risk Factors” and elsewhere in African Gold Group’s documents filed from time-to-time with the TSX Venture Exchange and other regulatory authorities. African Gold Group disclaims any intention or obligation to update or revise any forward looking statements whether resulting from new information, future events or otherwise, except as required by applicable law.