African Gold Group

Show printable version of 'Kobada' item in a New WindowEmail 'Kobada' item to a friend

"Majestic Trend"


click on image to view enlarged version


click on image to view enlarged version


African Gold Group announced it was entering Mali, West Africa, through the acquisition of three gold concessions on the 28th of June, 2005.

The acquisition included a body of reference material that comprises a historical data base derived from the expenditure of approximately €5,000,000 in exploration and development capital.

Kobada is located in the Kangaba region of Mali and measures 216 sq. km. This includes the Kobada, Foroko and Acoma concessions. To date most of the exploration work on Kobada has been confined to "Zone 1", a 1.2 km long gold in soil anomaly that represents a mere 10% of the entire 12 km, anomalous Kobada Trend.

AGG believes that the Kobada Trend may have multi-million oz Au potential. At this point, the whole of "Zone-1" has been infill drilled yielding favorable results: 81 Meters of 1.21 g/t Au, including 18 Meters of 2.26 g/t Au, and 48 Meters of 2.95 G/T Au including 19.20 Meters of 5.91 G/T Au.

In November of 2007, AGG initiated a 25,000 Meter RC drill campaign to test for Au mineralization over the remaining untested 11 kilometers of the Kobada Trend. The exploration potential remains open along strike and at depth.


The best intercepts are summarized in the following table:




AGG Kobada 2006-2007
The best intercepts on section(s)




The exploration results are listed below in the order that we received them. Click on the respective title to view each press release in its entirety:

October 11, 2007
African Gold Group, Inc: Drilling Extends Continuity Of Mineralized Strike Length To 1.35 Km At Kobada And Remains Open Along Strike

For coherence, the results from the 23 diamond drill holes have been organized according to the section the hole was drilled on as opposed to numerical order and are depicted in Table 1 below.

TABLE 1: RESULTS FROM AGG'S DIMAOND DRILLING CAMPAIGN
Signficant Intersections On Sections Drilled
Metallic Assays
Kobada Project, Mali


Section

Hole

Interval

Au (g/t)

From

To

Length

18+00S

KB07-60

259.80

289.50

29.70

1.09

 

incl

278.00

287.70

9.70

2.44

18+50S

KB07-76

277.00

285.50

8.50

1.01

 

 

290.00

298.20

8.20

0.69

 

incl

292.00

295.00

3.00

1.29

19+00S

KB07-64

231.00

234.50

3.50

0.79

 

KB07-68

No significant intersections

 

KB07-79

307.00

320.00

13.00

0.38

 

 

351.00

352.00

1.00

1.46

19+50S

KB07-93

109.00

121.00

12.00

0.26

 

 

201.30

205.30

4.00

0.76

23+50S

KB07-84

79.50

101.50

22.00

0.75

 

incl

80.40

83.10

2.70

2.04

 

and

88.50

92.50

4.00

1.82

24+50S

KB07-58*

79.70

100.50

20.80

0.74

 

incl

86.50

94.00

7.50

1.65

 

KB07-66

192.30

207.00

14.70

0.44

 

incl

192.30

197.00

4.70

0.92

 

KB07-75

123.00

148.60

25.60

0.36

 

incl

124.00

126.50

2.50

0.83

 

 

173.40

174.50

1.10

4.37

 

KB07-83

20.50

31.00

10.50

16.76

 

incl

22.00

23.50

1.50

94.34

 

and

28.00

29.00

1.00

32.19

 

 

54.10

56.70

2.60

1.94

25+50S

KB07-61*

11.00

23.50

12.50

0.34

 

 

53.50

87.50

34.00

0.51

 

incl

56.50

61.90

5.40

1.75

 

KB07-62

52.00

98.00

46.00

0.52

 

incl

80.00

88.00

8.00

1.48

 

and

92.00

98.00

6.00

1.13

 

KB07-63

169.50

189.00

19.50

0.37

 

 

208.00

211.00

3.00

1.03

26+00S

KB07-77

8.50

13.00

4.50

2.75

 

incl

10.00

13.00

3.00

3.99

 

 

77.50

83.50

6.00

1.02

 

incl

79.00

81.00

2.00

2.79

 

 

96.30

99.30

3.00

1.19

 

 

109.00

126.20

17.20

0.50

 

 

143.50

154.00

10.50

0.46

 

incl

147.00

150.70

3.70

0.97

 

 

162.50

168.50

6.00

1.01

 

KB07-80

2.50

28.00

25.50

0.32

 

 

65.50

72.00

6.50

0.78

 

incl

67.30

72.00

4.70

0.98

 

KB07-94

134.10

140.00

5.90

0.82

 

incl

137.60

139.00

1.40

2.70

 

 

252.00

256.60

4.60

1.01

 

incl

253.50

256.60

3.10

1.33

26+50S

KB07-78

85.50

141.50

56.00

1.29

 

incl

116.00

117.10

1.10

45.03

 

and

139.40

141.50

2.10

2.16

 

 

215.50

222.00

6.50

1.16

 

incl

215.50

218.50

3.00

1.70

 

KB07-81

0.00

60.00

60.00

0.60

 

incl

29.50

33.60

4.10

1.97

 

and

42.00

47.70

5.70

1.25

 

 

65.50

95.50

30.00

0.22

 

 

136.70

139.40

2.70

1.55

 

 

146.50

155.00

8.50

0.82

 

incl

148.00

148.35

0.35

14.92

 

KB07-82

35.90

58.50

22.60

1.11

 

incl

41.50

45.50

4.00

4.18

 

 

94.00

141.00

47.00

0.32

 

incl

96.50

99.50

3.00

1.00

 

KB07-95

114.50

122.00

7.50

1.12

 

incl

114.50

122.00

7.50

1.12

 

 

169.00

179.90

10.90

3.54

 

incl

170.00

171.50

1.50

19.01

 

and

175.50

179.90

4.40

2.11

 

 

195.00

223.80

28.80

0.45

 

incl

214.60

218.10

3.50

1.51

 

 

227.60

251.80

24.20

0.35

27+00S
KB07-96
161.00
199.20
38.20
0.38
 
 
215.10
234.00
18.90
0.30
 
 
237.00
261.00
24.00
0.38
 
incl
243.50
245.40
1.90
2.38
 
KB07-97
44.50
55.00
10.50
0.47
 
 
94.00
147.00
53.00
0.60
 
incl
106.80
108.00
1.20
9.83
28+00S
KB07-98
113.00
124.00
11.00
0.39
29+00S
KB07-99
67.00
88.00
21.00
0.40
 
incl
68.50
71.50
3.00
1.20

* KB07-58 & KB07-61 represent fire assay results only.

July 10, 2007
African Gold Group, Inc: Kb07-73 Intersects 38.20 Meters Of 1.93 G/T Au, Including 6.5 Meters Of 9.39 G/T Au At Kobada, Mali

For coherence, the results from the nine diamond drill holes have been organized according to the section the hole was drilled on as opposed to numerical order and are depicted in Table 1 below.

TABLE 1: RESULTS FROM AGG'S DIAMOND DRILLING CAMPAIGN

Significant Intersections On Sections Drilled

Metallics Assays

 

 

 

Kobada Project, Mali

 

 

 

 

 

 

 

 

 

Section

Hole

Interval

Au (g/t)

From

To

Length

20+00S

KB07-71

89.50

93.50

4.00

0.27

20+50S

KB07-74

130.00

138.50

8.50

1.51

 

 

143.50

151.00

7.50

0.86

 

incl

143.50

149.50

6.00

1.03

21+50S

KB07-70

7.00

24.80

17.80

0.69

 

incl

16.00

21.00

5.00

1.48

 

 

30.80

57.70

26.90

0.35

 

incl

30.80

35.00

4.20

1.11

 

 

64.20

88.00

23.80

1.82

 

incl

71.50

83.50

12.00

3.26

 

KB07-72

35.50

50.00

14.50

0.57

 

incl

37.00

40.00

3.00

1.49

 

 

118.50

137.50

19.00

1.14

 

incl

118.50

121.00

2.50

4.88

 

and

128.50

131.50

3.00

2.31

22+50S

KB07-67

182.00

193.50

11.50

0.25

 

 

198.50

280.00

81.50

0.96

 

incl

226.00

278.70

52.70

1.29

 

KB07-69

70.50

82.00

11.50

1.32

 

 

88.00

127.00

39.00

0.48

24+50S

KB07-65

103.50

114.90

11.40

0.44

 

 

120.00

127.00

7.00

0.46

25+00S

KB07-73

78.80

117.00

38.20

1.93

 

incl

92.50

99.00

6.50

9.39

 

incl

94.00

96.00

2.00

28.04

 

and

106.70

112.00

5.30

1.12

 

 

145.50

162.50

17.00

0.71

 

incl

145.50

152.60

7.10

1.28

25+50S

KB07-59

14.50

25.00

10.50

0.31



May 30, 2007
African Gold Group, Inc: 33 New Drill Holes Advance Kobada Potential To Southwest Within "Zone 1"

For coherence, the results from the 33 diamond drill holes have been organized according to the section the hole was drilled on as opposed to numerical order and are depicted in Table 1 below.

TABLE 1: RESULTS FROM AGG'S DIAMOND DRILLING CAMPAIGN

Section

Hole

Interval

Au (g/t)

From

To

Length

15+50S

KB07-14

71.50

74.50

3.00

2.54

 

 

182.00

185.00

3.00

2.63

 

 

192.00

228.00

36.00

0.45

17+00S

KB07-41

249.80

267.50

17.70

0.90

17+50S

KB07-53

176.40

182.00

5.60

0.69

 

 

227.50

238.20

10.70

0.80

 

incl

230.50

234.50

4.00

1.66

 

 

242.80

251.50

8.70

1.38

 

incl

243.50

249.60

6.10

1.85

 

 

261.00

296.00

35.00

1.27

 

incl

262.00

269.00

7.00

2.53

 

and

287.60

296.00

8.40

1.99

18+00S

KB07-50

141.00

163.50

22.50

0.73

 

 

175.50

186.00

10.50

1.98

 

 

192.00

210.00

18.00

0.47

 

incl

204.70

208.50

3.80

1.04

 

 

234.00

249.00

15.00

0.50

18+50S

KB07-30

0.00

8.50

8.50

0.91

 

incl

2.50

7.50

5.00

1.21

 

 

40.00

44.50

4.50

1.18

 

KB07-45

114.00

126.00

12.00

0.91

 

incl

118.50

121.50

3.00

1.24

 

 

215.00

234.60

19.60

0.75

 

incl

220.00

225.00

5.00

1.46

 

 

245.00

250.00

5.00

1.02

 

incl

246.00

250.00

4.00

1.16

19+00S

KB07-29

0.00

7.00

7.00

0.83

 

 

37.00

56.50

19.50

0.76

 

incl

37.00

40.00

3.00

2.10

 

and

50.50

56.50

6.00

1.21

 

KB07-47

166.00

177.70

11.70

3.78

 

incl

167.50

172.00

4.50

9.57

19+50S

KB07-26

97.00

116.50

19.50

0.72

 

incl

108.80

116.50

7.70

1.33

 

 

122.50

147.00

24.50

0.95

 

incl

122.50

133.50

11.00

1.80

 

KB07-27

25.00

55.30

30.30

0.57

 

incl

34.00

48.50

14.50

0.78

 

 

61.00

91.00

30.00

0.50

 

incl

88.00

91.00

3.00

1.55

 

 

125.50

136.00

10.50

0.47

 

incl

128.50

134.50

6.00

0.72

20+00S

KB07-28

97.00

131.50

34.50

0.29

 

 

137.70

163.00

25.30

0.60

 

incl

151.00

155.00

4.00

1.37

 

 

209.00

218.00

9.00

1.29

 

incl

211.80

217.00

5.20

2.05

20+50S

KB07-31

67.00

80.50

13.50

0.38

 

 

115.00

118.50

3.50

1.56

 

KB07-32

212.50

250.00

37.50

0.69

 

incl

217.50

236.80

19.30

1.00

 

KB07-33

220.00

299.00

79.00

0.58

 

incl

236.00

239.00

3.00

2.04

 

and

263.00

278.00

15.00

0.95

 

and

284.70

293.00

8.30

1.19

 

 

309.00

316.00

7.00

1.47

 

KB07-39

276.50

292.50

16.00

0.53

 

 

347.50

355.00

7.50

0.83

 

KB07-56

132.20

142.00

9.80

0.25

21+00S

KB07-34

197.00

237.00

40.00

0.57

 

incl

223.00

226.00

3.00

1.37

 

and

229.00

233.40

4.40

2.13

 

 

243.00

262.00

19.00

0.56

 

KB07-35

143.50

194.00

50.50

0.73

 

incl

164.00

165.00

1.00

19.35

 

and

180.00

184.00

4.00

1.48

21+50S

KB07-36

183.00

241.00

58.00

0.60

 

incl

202.00

206.10

4.10

2.44

 

and

210.00

213.00

3.00

1.48

 

and

216.00

229.00

13.00

0.86

 

KB07-37

110.50

117.00

6.50

1.01

 

incl

113.00

116.00

3.00

1.84

 

 

167.00

200.00

33.00

0.55

 

incl

180.00

190.00

10.00

1.00

22+00S

KB07-38

0.00

2.50

2.50

6.57

 

 

161.50

195.00

33.50

0.62

 

incl

166.00

187.10

21.10

0.76

 

KB07-40

0.00

5.50

5.50

1.98

 

 

204.00

244.00

40.00

0.76

 

incl

211.00

222.00

11.00

1.29

 

and

239.00

244.00

5.00

1.31

22+50S

KB07-42

159.00

201.00

42.00

1.05

 

incl

169.00

194.50

25.50

1.55

 

KB07-43

114.00

149.00

35.00

0.67

 

incl

130.00

140.00

10.00

0.93

23+00S

KB07-44

153.30

178.00

24.70

0.40

 

 

184.00

201.00

17.00

1.55

 

incl

184.00

193.00

9.00

1.57

 

and

197.00

201.00

4.00

2.93

 

 

207.00

216.20

9.20

1.28

 

KB07-46

224.00

235.50

11.50

0.39

 

 

243.60

260.50

16.90

0.38

 

incl

245.80

249.30

3.50

1.12

23+50S

KB07-48

118.00

135.00

17.00

0.68

 

incl

118.00

129.70

11.70

0.87

 

 

145.00

155.50

10.50

0.65

 

KB07-49

161.00

205.00

44.00

0.75

 

incl

170.00

180.00

10.00

1.66

 

KB07-51

196.20

214.00

17.80

0.31

 

 

221.00

238.00

17.00

0.64

 

incl

223.10

226.10

3.00

1.76

 

 

246.70

255.20

8.50

2.99

 

incl

246.70

249.00

2.30

10.29

24+00S

KB07-52

5.50

8.50

3.00

1.03

 

 

14.50

19.00

4.50

1.08

 

incl

16.00

19.00

3.00

1.41

 

 

28.00

38.50

10.50

0.55

 

KB07-54

70.00

87.00

17.00

2.05

 

KB07-55

114.30

129.00

14.70

1.01

 

KB07-57

141.90

149.00

7.10

0.88

 

 

190.00

215.10

25.10

0.50

 

incl

208.00

211.00

3.00

1.12

 

 

241.00

248.40

7.40

1.89

 

incl

246.00

248.40

2.40

5.30



Director, Greg Hawkins, P.Geo, comments, "Drilling continues to confirm the continuity and size of the Kobada system. Our initial review of the drill data, contained within the historical data base, led us to anticipate that the average grade falls below 1.0 g/t Au from 18+50S to 21+00S, even though the width of the zone persists throughout the strike. Hole KB07-42, on section 22+50S, with 42.0 m of 1.05g/t Au attests to the continuity as does Hole KB07-54 on Section 24+00S with 17.00m of 2.05g/t Au. The shallow historical holes, that support this model within this region, are illustrated in Table 2 below."

TABLE 2: HISTORICAL DRILLING -- SECTIONS 20+00S, 21+00S & 24+00S

Section

Hole

Interval

Au (g/t)

From

To

Length

20+00S

KBD17

45.0

49.0

4.0

6.48

 

incl

45.0

47.0

2.0

12.70

 

 

79.0

91.0

12.0

0.36

 

KBD18

43.0

63.0

20.0

0.84

 

incl

51.0

59.0

8.0

1.65

 

 

67.0

99.0

32.0

0.65

 

incl

69.0

75.0

6.0

1.35

 

and

85.0

89.0

4.0

1.52

 

KBD19

7.0

13.0

6.0

0.26

 

 

39.0

55.0

16.0

0.34

 

KBD20

0.0

35.0

35.0

0.75

 

incl

9.0

15.0

6.0

3.21

 

 

41.0

49.0

8.0

0.44

 

 

85.0

91.0

6.0

2.94

 

KBD21

0.0

25.0

25.0

0.71

 

KBRC129

23.0

62.0

39.0

0.74

 

incl

45.0

51.0

6.0

1.49

21+00S

KBD22

3.0

11.0

8.0

0.35

 

 

45.0

75.0

30.0

0.99

 

incl

47.0

53.0

6.0

3.18

 

 

83.0

95.0

12.0

0.30

 

KBD25

0.0

5.0

5.0

1.02

 

 

23.0

39.0

16.0

1.43

 

incl

23.0

25.0

2.0

8.30

 

KBD26

0.0

23.0

23.0

0.65

 

incl

7.0

21.0

14.0

0.77

 

 

35.0

45.0

10.0

1.94

 

incl

35.0

41.0

6.0

3.15

 

KBD27

0.0

11.0

11.0

0.69

 

incl

0.0

3.0

3.0

1.90

 

 

43.0

49.0

6.0

0.47

 

KBD28

27.0

37.0

10.0

0.88

 

incl

29.0

35.0

6.0

1.36

 

KBD28

59.0

65.0

6.0

7.02

 

incl

61.0

65.0

4.0

10.33

 

KBD29

0.0

11.0

11.0

1.03

 

KBD30

0.0

11.0

11.0

0.23

 

KBRC128

10.0

20.0

10.0

0.74

 

incl

15.0

20.0

5.0

1.17

 

KBRC128

27.0

46.0

19.0

0.39

24+00S

KBD38

0.0

17.0

17.0

0.29

 

 

27.0

43.0

16.0

0.33

 

KBRC070

36.0

46.0

10.0

1.84

 

 

59.0

90.0

31.0

0.52

 

incl

70.0

77.0

7.0

0.98

 

KBRC071

15.0

45.0

30.0

1.63

 

incl

17.0

24.0

7.0

3.98

 

and

28.0

34.0

6.0

2.22

 

KBRC072

0.0

23.0

23.0

0.95

 

incl

10.0

13.0

3.0

3.71

 

KBRC072

68.0

84.0

16.0

0.73

 

incl

69.0

75.0

6.0

1.31

 

KOBC7(1)

0.0

12.0

12.0

0.52



March 28, 2007
African Gold Group, Inc: KB07-19 Intersects 42 Meters of 1.45 g/t Au, Including 28 Meters Of 2.01 g/t Au at Kobada, Mali

The drill core samples were both HQ and NQ size and were cut in half by a diamond saw on site. Half of the core from one meter long samples was shipped to Groupe de laboratoire ALS MALI SARL, located in Bamako, Mali and analyzed for gold by fire assay on a 50 gram sample charge. Metallic screen assays were also performed on all samples from within the mineralized zone. Standards and blanks were inserted alternatively every 20 samples submitted to the laboratory for analysis.

TABLE 1: RESULTS FROM AGG's CONTINUING DIAMOND DRILLING CAMPAIGN

Hole Section Interval (m) Gold (g/t)
From To Length Metallics
KB07-17 17+00S 0.00 64.00 64.00 0.69
Incl   17.50 33.00 15.50 1.70
    76.00 89.50 13.50 0.41
    98.50 116.50 18.00 0.55
KB07-18 18-00S 0.00 72.00 72.00 0.50
Incl   13.00 16.00 3.00 3.31
and   70.00 72.00 2.00 2.51
KB07-19 18+50S 4.00 46.00 42.00 1.45
Incl   11.50 39.50 28.00 2.01
    53.50 76.00 22.50 0.48
    122.30 136.00 13.70 0.77
KB07-20 18+50S 0.00 99.50 99.50 0.51
Incl   29.50 35.50 6.00 2.97
and   56.00 59.00 3.00 2.26
    119.50 135.20 15.70 0.80
Incl   121.00 128.50 7.50 1.27
KB07-21 15+50S 2.50 16.00 13.50 1.84
    89.50 118.00 28.50 0.90
Incl   108.00 115.00 7.00 2.95
    129.00 132.00 3.00 2.20
KB07-22 15+50S 11.50 25.00 13.50 0.52
    38.50 46.00 7.50 0.53
    53.00 62.00 9.00 0.72
KB07-23 16+00S 37.50 47.30 9.80 2.18
KB07-24 19+00S 22.50 39.00 16.50 0.37
    55.00 58.50 3.50 1.95
    66.00 84.00 18.00 0.49
    117.00 135.00 18.00 2.93
Incl   120.00 129.00 9.00 5.66
    142.00 151.00 9.00 0.61
KB07-25 19+00S 6.00 42.60 36.60 1.06
Incl   22.50 42.60 20.10 1.75
    51.50 63.00 11.50 0.62
    87.00 100.50 13.50 0.19
    124.00 129.50 5.50 0.77


The above results confirm an additional 50 meters of strike length and simultaneously test another historical section in 19+00S. AGG has now successfully tested 600 meters of the 1,200 meters that are indicated by historical drilling (see Table 2, below).

TABLE 2: HISTORICAL DRILLING ON SECTION 19+00S

Hole Section Interval (m) Gold (g/t)
From To Length
KBRC058 19+00S 10.0 15.0 5.0 0.94
    18.0 19.0 1.0 2.13
    28.0 49.0 21.0 0.37
    59.0 75.0 16.0 0.31
KBRC059 19+00S 6.0 21.0 15.0 0.59
    30.0 55.0 25.0 0.66
incl   43.0 55.0 12.0 1.14
    60.0 68.0 8.0 0.17


February 06, 2007
African Gold Group, Inc: KB07-16 Intersects 81.5 Meters of 1.30 G/T AU, Including 15.8 Meters Of 4.95 G/T AU At Kobada, Mali

The drill core samples were both HQ and NQ size and were cut in half by a diamond saw on site. Half of the core from one meter long samples was shipped to Groupe de laboratoire ALS MALI SARL, located in Bamako, Mali and analyzed for gold by fire assay on a 50 gram sample charge. Metallic screen assays were also performed on all samples from within the mineralized zone. Standards and blanks were inserted alternatively every 20 samples submitted to the laboratory for analysis.

TABLE 1: RESULTS FROM AGG'S CONTINUING DIAMOND DRILLING CAMPAIGN

SECTION Hole Interval (m) Gold (g/t)
From To Length Metallics
  KB06-12 46.0 52.0 6.0 1.09
17+50S and 101.0 138.5 37.5 1.36
  incl 112.0 118.0 6.0 4.22
  and 182.0 196.0 14.0 0.33
  KB06-13 62.0 90.0 28.0 0.29
  and 111.0 114.0 3.0 2.66
18+40S and 155.0 163.0 8.0 0.58
  and 178.0 198.0 20.0 0.81
  incl 185.0 192.0 7.0 1.34
15+50S KB07-14 Metallics assays pending
15+90S KB07-15 73.0 125.0 52.0 0.69
  incl 80.5 98.5 18.0 0.92
16+50S KB07-16 0.0 81.5 81.5 1.30
  incl 55.7 71.5 15.8 4.95


The above results confirm an additional 100 meters of strike length and simultaneously test another historical section in 1800S. AGG has now successfully tested 550 meters of the 1,200 meters that are indicated by historical drilling (see Table 2, below).

TABLE 2: HISTORICAL DRILLING ON SECTION 18+00S

SECTION Hole Interval (m) Gold (g/t)
From To Length
  KBD08 37 95 58 0.98
  incl     12 2.34
  KBD09 0 84 84 0.51
  incl     20 0.78
18+00S KBD10 0 25 25 0.96
  incl     9 2.13
  KBD11 0 23 23 0.61
  incl     9 1.00
  KBD12 29 43 14 0.54
  KBRC131 30 105 75 0.53
  incl     11 1.7


January 17, 2007
African Gold Group, Inc: Kb06-10 Intersects 62.0 Meters Of 1.71 G/T Au, Including 21.0 Meters Of 3.57 G/T Au At Kobada, Mali

TABLE 1: RESULTS FROM AGG'S DECEMBER, 2006 DIAMOND DRILLING CAMPAIGN

Hole      Interval (m)               Au (g/t)
           From   To    Length     Metallics Assay
KB06-10    75.0  104.0   29.0         1.04
and       119.0  181.0   62.0         1.71
incl      119.0  140.0   21.0         3.57
KB06-11    61.0   65.0    4.0         3.83
and        84.0  125.0   41.0         1.01


August 23, 2006
African Gold Group, Inc.: Intersects 81 Metres of 1.21 g/t Au, Including 18 Metres of 2.26 g/t Au at Kobada, Mali

Results from AGG's nine diamond drill holes, located on lines 1600S, 1650S and 1700S that total approximately 2,200 metres, are shown in Table 1 below. All samples from this portion of AGG's 2006, planned 10,000 metre program, were analyzed by ABILAB Afrique de l'ouest SARL, located in Bamako, Mali.

TABLE 1 RESULTS FROM AGG'S 2006 DIAMOND DRILLING CAMPAIGN (16+00S)

------------------------------------------------------------------------
                                         Interval (m)                
                            --------------------------------         Au
SECTION    HOLE NUMBER         From         To        Length       (g/t)
------------------------------------------------------------------------
------------------------------------------------------------------------
16+00S          KB06-1       121.50     163.50         42.00       0.82
             including       144.00     163.50         19.50       1.34
         ---------------------------------------------------------------
                KB06-2
            (abandoned)      196.50     199.50          3.00       1.12
         ---------------------------------------------------------------
                KB06-3
                (short)      121.00     136.00         15.00       0.41
------------------------------------------------------------------------
16+50S          KB06-4       183.00     203.00         20.00       3.26
         ---------------------------------------------------------------
                KB06-5
                (short)      270.50     274.50          4.00       2.26
------------------------------------------------------------------------
17+00S          KB06-6       213.00     248.00         35.00       1.26
             including       231.00     248.00         17.00       2.15
                   and       263.00     274.50         11.50       2.74
         ---------------------------------------------------------------
                KB06-7       142.50     223.50         81.00       1.21
             including       204.50     222.50         18.00       2.26
------------------------------------------------------------------------
17+50S          KB06-8       134.00     177.50         43.50       1.18
             including       134.00     147.50         13.50       1.28
                   and       159.50     177.50         18.00       1.88
------------------------------------------------------------------------
16+50S          KB06-9        84.50     175.00         90.50       1.05
             including        96.50     132.20         35.70       1.51
------------------------------------------------------------------------


Historical RC and diamond drill results, undertaken by the previous owner(s) of the concession on lines 16+00S and 17+00S are shown in Table 3 below.

TABLE 3 Historical Mineralized Intersections

------------------------------------------------------------------------
                                         Interval (m)
                            -------------------------------    Au    Ag
SECTION    HOLE NUMBER         From         To       Length  (g/t) (g/t)
------------------------------------------------------------------------
------------------------------------------------------------------------
22+00S          KB05-1        36.00      42.00         6.00  2.93
                KB05-1        85.50     105.00        19.50  0.29
         ---------------------------------------------------------------
                KB05-2        51.00      72.55        21.55  1.11
             including        51.00      60.40         9.40  1.20
                KB05-2       120.50     122.50         2.00  0.75  38.7
         ---------------------------------------------------------------
                KB05-3       106.50     144.00        37.50  1.23
             including       106.50     111.00         4.50  3.91
                KB05-3       126.00     129.00         3.00  4.40   6.1
------------------------------------------------------------------------
23+00S          KB05-4        52.50     100.50        48.00  2.95
             including        81.30     100.50        19.20  5.91
         ---------------------------------------------------------------
                KB05-5       112.50     151.00        38.50  1.58
             including       136.00     148.00        12.00  3.50
------------------------------------------------------------------------
24+00S          KB05-6       115.00     132.00        17.00  0.82
(oblique)    including       116.00     123.70         7.70  1.31
------------------------------------------------------------------------


February 23, 2006
African Gold Group, Inc: 48 Metres of 2.95 G/T Au Including 19.20 Metres of 5.91 G/T Au Confirms Gold Discovery at Kobada, Mali

Results from AGG's 6 diamond drill hole campaign, totaling 1,033 metres, are shown in Table 1 below. All samples from AGG's diamond drill program were analyzed by Eco-Tech Laboratory of Kamloops, Canada. Samples returning greater than 300 ppb Au were fire assayed.

TABLE 1 RESULTS FROM AGG's 2005 DIAMOND DRILLING CAMPAIGN

-----------------------------------------------------------------
                         From        To  Interval       Au     Ag
HOLE      -------------------------------------------------------
NUMBER                      m         M         m      g/t    g/t
-----------------------------------------------------------------
KB05-1(i)      TWIN     36.00     42.00      6.00     2.93
KB05-1(i)               85.50    105.00     19.50     0.29
          -------------------------------------------------------
KB05-2(i)      TWIN     51.00     72.55     21.55     1.11
KB05-2(i)     incl.     51.00     60.40      9.40     1.20
KB05-2(i)              120.50    122.50      2.00     0.75   38.7
-----------------------------------------------------------------
KB05-3      BEDROCK    106.50    144.00     37.50     1.23
KB05-3        incl.    106.50    111.00      4.50     3.91
KB05-3                 126.00    129.00      3.00     4.40    6.1
-----------------------------------------------------------------
KB05-4(i)      TWIN     52.50    100.50     48.00     2.95
KB05-4(i)     incl.     81.30    100.50     19.20     5.91
-----------------------------------------------------------------
KB05-5      BEDROCK    112.50    151.00     38.50     1.58
KB05-5        incl.    136.00    148.00     12.00     3.50
-----------------------------------------------------------------
KB05-6      BEDROCK    115.00    132.00     17.00     0.82
KB05-6        incl.    116.00    123.70      7.70     1.31
-----------------------------------------------------------------
(i) represent diamond drill holes that twinned Cominor RC drill 
    holes.


Results from historical RC drilling by Cominor along sections 2200S and 2300S are shown in Table 2 below. The samples from Cominor's RC drilling program were analyzed by AbilabAfrique de l'Ouest SARL, located in Bamako, Mali.

TABLE 2 RESULTS FROM COMINOR'S PREVIOUS RC DRILL CAMPAIGNS

-----------------------------------------------------------------
SECTION   DRILLHOLE              FROM      TO   INTERVAL       Au
-----------------------------------------------------------------
                                    m       m          m      g/t
-----------------------------------------------------------------
2200 S    KBRC055                  66      67          1     0.41
          -------------------------------------------------------
          KBRC056(ii)               7      25         18     0.83
          KBRC056(ii)   incl.       7      15          8     1.09
          KBRC056(ii)              50      75         25     8.41
          KBRC056(ii)   incl.      54      67         13    12.82
          -------------------------------------------------------
          KBRC057                   8      10          2     1.19
          KBRC057                  36      42          6     2.54
          -------------------------------------------------------
          KBRC127(ii)              66      90         24     2.50
          KBRC127(ii)   incl.      66      77         11     4.80
          KBRC127(ii)              83      90          7     0.75
-----------------------------------------------------------------
2300 S    KBRC051                  43      55         12     1.20
          KBRC051                  60      75         15     0.79
          -------------------------------------------------------
          KBRC052                  35      50         15     4.37
          KBRC052       incl.      35      39          4    15.19
          -------------------------------------------------------
          KBRC053                   1      14         13     3.46
          KBRC053       incl.       7      14          7     4.49
          -------------------------------------------------------
          KBRC054                  40      46          6     1.09
          KBRC054                  60      64          4     0.98
-----------------------------------------------------------------
          KBRC126(ii)              51      59          8     2.21
          KBRC126(ii)              69      71          2     3.55
          KBRC126(ii)              80      94         14     1.89
          KBRC126(ii)   incl.      83      93         10     2.47
          KBRC126(ii)             100     105          5     4.48
-----------------------------------------------------------------
(ii) Cominor Holes twinned by AGG diamond drill holes.


As per AGG's technical objective as stated in 1(A) above: A comparison of results derived from twinning three of Cominor's original RC drill holes with AGG diamond drill holes, to confirm the presence of gold mineralization, are shown in Table 3, below.

TABLE 3 MINERALIZED INTERSECTION RESULTS FROM THE RC/DIAMOND DRILL TWINNING CAMPAIGN

------------------------------------------------------------------
                             From        To     Interval        Au
DRILLHOLE        SAMPLE    ---------------------------------------
NUMBER             TYPE         M         M            m       g/t
------------------------------------------------------------------
KBRC127              RC       14.0     15.0          1.0      1.26
KB05-1              DDH       12.0     15.0          3.0      2.96
------------------------------------------------------------------
KBRC127              RC       41.0     45.0          4.0      0.26
KB05-1              DDH       36.0     42.0          6.0      2.93
------------------------------------------------------------------
KBRC127              RC       66.0     95.0         29.0      2.06
KB05-1              DDH       85.5    105.0         19.5      0.29
------------------------------------------------------------------
KBRC056              RC       22.0     25.0          3.0      1.75
KB05-2              DDH       22.0     25.0          3.0      0.40
------------------------------------------------------------------
KBRC056              RC       35.0     36.0          1.0      0.95
KB05-2              DDH       36.0     37.5          1.5      0.42
------------------------------------------------------------------
KBRC056              RC       51.0     75.0         24.0      3.27
KB05-2              DDH       51.0     72.6         21.6      1.11
------------------------------------------------------------------
KBRC126              RC       52.0     71.0         19.0      1.48
KB05-4              DDH       52.5     69.0         16.5      0.87
------------------------------------------------------------------
KBRC126              RC       81.0    105.0         24.0      2.06
KB05-4              DDH       81.3    100.5         19.2      5.91
------------------------------------------------------------------


As per AGG's technical objective as stated in above: Results derived from AGG's re-sampling of two of Cominor's RC drill holes are shown in Table 4, below. These Cominor RC drill pulp rejects were re-sampled and collected by AGG's technical personnel and re-assayed by AbilabAfrique de l'Ouest SARL.

TABLE 4 RE-ASSAY RESULTS FROM COMINOR RC DRILL PULPS

-------------------------------------------------------------------
                                                  COMINOR      AGG
RC HOLE                                              2004     2005
NUMBER              FROM        TO    INTERVAL         AU       AU
-------------------------------------------------------------------
                      (m)       (m)         (m)      (g/t)    (g/t)
-------------------------------------------------------------------
KBRC126               52       105          53       1.49     2.17
KBRC126    incl.      52        54           2       2.02     1.88
KBRC126    incl.      56        63           7       2.03     4.89
KBRC126    incl.      69        71           2       3.55     9.21
KBRC126    incl.      80        94          14       1.89     2.48
KBRC126    incl.      82        93          11       2.31     2.94
KBRC126    incl.     100       105           5       4.48     2.44
KBRC126    incl.     101       104           3       6.99     3.28
-------------------------------------------------------------------
KBRC127               14        15           1       1.26     3.78
KBRC127               66        69           3      11.06    12.13
KBRC127               73        77           4       4.77     3.35
KBRC127    incl.      73        74           1      16.99     8.40
KBRC127               83        84           1       2.21     3.24
KBRC127               89        90           1       1.28     2.20
KBRC127              116       117           1       2.87     4.29
-------------------------------------------------------------------