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| |    "The Jewel In The Crown"
The Mankranho concession lies on strike and contiguous with Newmont Mining 's largest development project in the world - The 11 million ounce Ahafo gold project. Their US$450 million processing plant was 60% completed in 2006 and production was scheduled to begin in the second half of 2006, at a rate of 500,000 ounces/year. Mankranho shares nine common borders and surrounds the northern extension of Ahafo on three sides. Newmont made a formal request to access the Mankranho concession in June 2005 in order to complete an IP survey up to the common Mankranho/Ahafo borders.
Drill highlights to date:  The continuity of mineralized sections along strike and to depth is very encouraging and results support the notion of fold and fault controlled gold. Exploration work to date has indicated the presence of significant gold mineralization on the property. Area I has provided the most detailed exploration to date and mineralization is seen to occur as both wide (>10 metres) low-grade mineralized bodies and as narrow high-grade quartz veins with visible gold. Exploration potential remains open at depth and along strike. For more detailed drill results information on the Mankranho property please refer to: November 18, 2004 Drills Continue to Intersect Gold Mineralized Zones, Including High Grade Veins & Visible Gold Highlights AGG continues to be encouraged with the results from the initial portion of the Phase I drilling program located within Area I of the Mankranho concession . In particular:
- Area I North: widths up to 16.48 metres at 2.82 g/t gold;
including up to 1.50 metres at 43.40 g/t gold;
and 1.48 metres at 26.60 g/t gold
Results are tabulated based on the section line on which they were drilled. These section lines correspond to the existing or historical survey grid.
Section 129+00E
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Interval (m)
Hole --------------------------------- Au (g/t)
From To Length
----------------------------------------------------------
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MN04-13 56.50 58.00 1.50 0.56
166.90 168.03 1.13 0.58
187.25 194.49 7.24 0.56
191.48 193.00 1.52 1.85
325.50 333.00 7.50 0.31
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Section 131+00E
Trench 13: 0.48 g/t Au over 6 metres, including 1.43 g/t
Au over 2 metres
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Interval (m)
Hole --------------------------------- Au (g/t)
From To Length
----------------------------------------------------------
----------------------------------------------------------
MN04-14 75.00 76.50 1.50 0.44
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Section 133+00E
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Interval (m)
Hole --------------------------------- Au (g/t)
From To Length
----------------------------------------------------------
----------------------------------------------------------
MN04-17 No significant intersections
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MN04-23 No significant intersections
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MN04-24 59.00 60.50 1.50 0.31
75.50 78.72 3.22 1.42
incl 78.55 78.72 0.17 20.50
----------------------------------------------------------
Hole MN04-24 was drilled oblique to the section, toward
section 134+00E to intersect the possible strike extensions
of the gold-bearing veins encountered in drill holes MN04-15
and MN04-16 (Section 134+00E).
Section 134+00E
Trench 4: 0.42 g/t Au over 2 metres; composite chip sample
of quartz vein material with 6.09 g/t over 2.50 metres
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Interval (m)
Hole --------------------------------- Au (g/t)
From To Length
----------------------------------------------------------
----------------------------------------------------------
MN04-15 62.50 68.50 6.00 0.68
----------------------------------------------------------
95.50 111.98 16.48 2.82
incl 110.50 111.98 1.48 26.60
122.50 124.00 1.50 0.53
158.50 160.00 1.50 43.40
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MN04-16 116.15 117.65 1.50 0.33
122.30 128.30 6.00 0.47
159.00 160.50 1.50 0.92
165.00 166.50 1.50 0.51
178.50 180.00 1.50 0.38
206.00 221.65 15.65 0.87
incl 209.00 209.50 0.50 14.80
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Area I - Boundary Zone The Area I - Boundary zone is situated close to the AGG-Newmont (Mankranho-Ahafo) concession boundary. This area was identified by soil sampling and the completion of a 150 metre follow up trench, T19 (refer to map). Channel sample results taken from saprolite exposed in T19 returned an anomalous zone of 2,149 ppb gold over 10 metres, including a higher grade core of 5,413 ppb gold over 3 metres.
Significant Intersections: Area I - Boundary Zone
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Interval (m)
Hole --------------------------------- Au (g/t)
From To Length
----------------------------------------------------------
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MN04-18 61.00 62.50 1.50 1.83
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MN04-19 86.00 87.50 1.50 0.51
233.10 234.28 1.18 0.48
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MN04-20 197.30 198.80 1.50 0.30
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MN04-21 267.31 268.80 1.49 0.82
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MN04-22 220.50 222.00 1.50 0.78
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November 09, 2004 Mankraho Project Update-Drill Holes 1 Through 12 Intersect Gold Mineralized Zones Highlights AGG is encouraged by the results from the Phase 1 drilling program on the Mankranho concession within Area I. In particular:
- Area I, North: widths up to 18.62 metres at 1.25 g/t gold;
- Area I, South: widths up to 15.98 metres of 1.86 g/t gold; and
widths up to 5.35 metres of 2.22 g/t gold
Significant Intersections: Area I - North
Section 129+00E
Trench 5: 0.74 g/t Au over 31 metres, including 1.32 g/t Au over 12
-------- metres
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Interval (m)
Hole -------------------------- Au (g/t)
From To Length
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MN04-08 125.20 134.00 8.80 1.28
incl 132.50 134.00 1.50 5.21
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MN04-09 141.32 160.33 19.01 0.68
incl 147.30 151.80 4.50 1.5
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MN04-11 235.00 236.50 1.50 4.52
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Section 130+00E
Trench 6: 1.06 g/t Au over 16 metres, including 1.88 g/t Au over 11
-------- metres
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Interval (m)
Hole -------------------------- Au (g/t)
From To Length
---------------------------------------------------------------------
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MN04-02 74.65 93.27 18.62 1.25
incl 74.65 78.03 3.38 2.57
and 88.20 89.37 1.17 5.54
---------------------------------------------------------------------
MN04-04 91.08 92.58 1.50 1.16
146.75 149.70 2.95 0.53
---------------------------------------------------------------------
MN04-05 123.00 124.50 1.50 1.64
165.80 167.30 1.50 1.02
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Area I - South Area I South is located in the southwestern extent of Area I (refer to map). Six drill holes drilled under two trenches (T10 and T17) testing over 200 metres of strike length. Broad mineralized gold zones up to 17.97 metres in width are hosted within volcanoclastics and zones of graphitic and magnetite-rich argillites. Gold-bearing quartz veining and sulphide mineralization is commonly characterized by strong sericite alteration and magnetite destruction. Significant selected intersections from Area I South (complete results) include: Significant Intersections: Area I - South
Section 114+00E
Trench 17: 0.63 g/t Au over 17 metres
---------
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Interval (m)
Hole -------------------------- Au (g/t)
From To Length
---------------------------------------------------------------------
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MN04-01 62.55 72.91 10.36 0.98
incl 64.35 68.88 4.53 1.46
91.80 100.85 9.05 0.54
126.10 134.49 8.39 0.4
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MN04-03 60.50 76.48 15.98 1.86
101.15 108.83 7.68 0.69
133.20 151.17 17.97 0.93
incl 133.20 138.55 5.35 2.22
---------------------------------------------------------------------
MN04-06 71.54 88.13 16.59 0.56
76.01 79.05 3.04 1.18
101.76 104.70 2.94 1.81
131.16 132.77 1.61 1.46
150.70 152.23 1.53 1.93
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Section 116+00E
Trench 10: 1.86 g/t Au over 26 metres, including 4.30 g/t Au over 10
--------- metres
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Interval (m)
Hole -------------------------- Au (g/t)
From To Length
---------------------------------------------------------------------
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MN04-07 64.98 67.87 2.89 0.75
134.73 150.88 16.15 0.64
incl 137.65 146.42 8.77 0.84
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MN04-10 98.59 99.75 1.06 1.16
108.51 111.56 3.05 2.61
132.58 149.37 16.79 0.36
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MN04-12 155.95 159.48 3.53 2.53
205.80 217.80 12.00 0.51
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September 20, 2004 Mankranho Project Update-Initial Drill Results Intersect Gold Mineralized Zones Highlights AGG is encouraged by the results from both surface work and Phase 1 drilling on the Mankranho concession. In particular, recent results highlight the: - Extensive gold endowment throughout the concession; - Continuous gold-bearing zones intersected in Area I; - Potential for high grade intercepts at depth; and - Extensive and strongly developed gold-in-soil anomalies up to 1.6 kilometres in length identified in Area III. Significant selected intersections from Area 1 North (complete results) include:
Area I North
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Interval (m)
Hole --------------------------------Au (g/t)
From To Length
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MN04-02 74.65 93.27 18.62 0.95
incl 74.65 79.20 4.55 1.10
81.24 82.70 1.46 1.59
88.20 89.37 1.17 5.54
104.30 105.46 1.16 0.72
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MN04-04 89.55 92.58 3.03 0.65
98.71 101.71 3.00 0.42
165.35 167.37 2.02 0.73
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MN04-05 123.00 124.50 1.50 1.64
165.80 167.30 1.50 1.02
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MN04-08 125.20 134.00 8.80 1.27
incl 132.50 134.00 1.50 5.21
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Area I - South Area I South is located in the southwestern extent of Area I (refer to map). Six drill holes drilled under two trenches (T10 and T17) testing over 200 metres of strike length. Broad mineralized gold zones up to 25 metres in width are hosted within volcanoclastics and zones of graphitic and magnetite-rich argillites. Gold-bearing quartz veining and sulphide mineralization is commonly characterized by strong sericite alteration and magnetite destruction. Significant selected intersections from Area I South (complete results) include:
Area I South
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Interval (m)
Hole --------------------------------Au (g/t)
From To Length
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MN04-01 60.45 71.87 11.42 0.93
64.35 68.88 4.53 1.46
91.80 100.85 9.05 0.54
96.32 97.25 0.93 1.25
126.10 129.03 2.93 0.42
130.61 134.49 3.88 0.47
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MN04-03 68.15 70.14 1.99 2.37
incl 69.25 70.14 0.89 4.19
74.98 76.48 1.50 3.46
86.40 90.30 3.90 0.69
incl 86.40 87.17 0.77 1.98
101.15 108.83 7.68 0.69
incl 103.14 104.70 1.56 1.66
133.20 138.55 5.35 2.22
incl 133.20 135.70 2.50 3.77
148.81 151.17 2.36 1.37
-------------------------------------------------------
MN04-07 64.98 67.87 2.89 0.70
130.02 155.36 25.34 0.49
incl 137.65 139.15 1.50 1.52
and 145.22 146.42 1.20 2.75
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