We wish to bring your attention to David Pescod’s Stocktalk Late Edition newsletter earlier this week, which prominently featured African Gold Group.
“… there’s not too many stocks doing well, even in the gold sector which is not too far away from old highs.
One stock that is hitting new highs though is African Gold [Group] which got some attention on Stockhouse with feature article by Tom Calandra, but I think it’s time we repeat the article we did with Jed Richardson, the former Sprott mining analyst and current VP of Amazon Mining (AMZ), director of Great Quest (GQ) – two of the biggest success stories on markets that last while and now performing a significant role with D’Arianne Resources (DAN).
His comments on African Gold repeated from a few days ago: “African Gold Group is still in the first inning of what I think is in store for them this year. Right now all of the action is in Mali. They are drilling hole 38, 39 and 40 of a program that will ultimately be 200+ holes. There are 22 holes currently in the lab. The focus of this work will be a 2km step out from the main zone and it already has produced some promising results.
The Company is trenching south of the main zone and hopes to move drills to this area before the rainy season (August-September in Mali). All in the company plans 25,000m of drilling. The Mali work is probably 1 million ounces now, and these step outs could increase the size of the deposit dramatically.
However what really excites me about African Gold is the work in Ghana, which will likely get started in April. A 460 km2 land package, with land on strike with Keegan and on a parallel structure. Geologists have outlined 11 targets, they will narrow that down to the best three and kick start a 20,000m program.
One good hole in this area will get the market very excited, but in the meantime the shares are well supported by the project in Mali.” …”
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