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"Ladies in Waiting"
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On November 15, 2007 African Gold Group, Inc. Announced a Joint Venture With Randgold Resources Ltd. to Explore its Bagoe Assets in Mali.
The Bagoe East and West concessions are located in the Sikasso region of Mali, approximately 50 kilometers from the Morila mine, one of the most significant gold discoveries on the African continent in recent times, jointly owned by Randgold Resources, AngloGold Ashanti and the Government of the Republic of Mali.
The Bagoe West concession comprises 183 sq. km of land where soil surveys outlined two main anomalous zones. The southern Djissan soil anomaly, oriented at 010º, is continuous over 3.5 km. It corresponds to a sheared contact between intrusive and metasedimentary rocks. The Tiéfala anomaly in the central portion of the claim, extends for 4 km in an E-W orientation. In 2003, the Djissan Anomaly was tested with 1,342 metres of AirCore drilling in 32 holes.
The consensus opinion of management, with respect to this JV agreement with Randgold Resources, is that we could not have envisioned a more logical scenario for the further exploration and subject to results, subsequent development of our Bagoe East & West concessions.
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Mali:
Ghana:
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