African Gold Group Inc.

Published : June 01st, 2011

June 01/11

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African Gold Group
African Gold Group, Inc. Southern Step Out Hole Intercepts 96 Meters Of 1.35 g/t Au From Surface, Ends In Mineralization

ZONE 1 STRIKE EXTENDS TO 3,300 METERS - REMAINS OPEN

TORONTO, CANADA, June 01, 2011 � African Gold Group, Inc., (�AGG� or the "Company�) is pleased to report the analytical results for 14 near surface (oxide), reverse circulation (RC), step out drill holes. All 14 step out RC drill holes being reported in this release were drilled to the south of the Zone 1 deposit that contains a 43-101 resource of 740,000 ozs Au at an average grade of 1.25 g/t Au at a 0.3 g/t Au cutoff.

Near Surface (Oxide) Southern Step Out Drill Highlights Include:

  • KBRC11-029: 96 m at 1.35 g/t Au, incl 22 m at 2.41 g/t Au and 14 m at 1.87 g/t Au, ended in mineralization
  • KBRC11-033: 46 m at 1.53 g/t Au, incl 1 m at 16.56 g/t Au, ended in mineralization
  • KBRC11-034: 9 m at 1.45 g/t Au and 43 m at 0.79 g/t Au, ended in mineralization
  • KBRC11-036: 56 m at 0.77 g/t Au, ended in mineralization
  • KBRC11-037: 3 m at 2.98 g/t Au and 10 m at 1.02 g/t Au and 42 m at 0.81 g/t Au, incl
  • 1 m at 11.47 g/t Au, ended in mineralization
  • RPA10-008A*: 102 m at 1.00 g/t Au, incl 20 m at 1.45 g/t Au and 38 m at 1.33 g/t Au, ended in mineralization

The assay results depicting the 14 near surface, (oxide) southern step out RC holes are listed in Table 1 below:

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

2700S

 

 

 

RPS10-007A*

 

 

 

4

26

38

70

7

29

41

102

3

3

3

32

1.38

0.44

0.49

0.5

102

 

 

 

195

 

 

 

Southern Step Out

 

 

End in Mineralization

 

RPA 10-008*

Including

And

And

0

0

38

64

102

13

58

102

102

13

20

38

1.00

1.03

1.45

1.33

102

 

 

 

195

Southern Step Out

 

 

End in Mineralization
 

KBRC11-028

 

11

27

14

30

3

3

0.48

5.10

101

 

195

Southern Step Out

 

 

KBRC11-029

Including

And

And

 

 

6

11

25

28

76

88

102

33

26

29

77

102

96

22

1

1

1

14

1.35

2.41

11.40

21.70

14.90

1.87

102

 

 

 

 

 

195

 

Southern Step Out

 

 

 

 

Ended in Mineralization

 

KBRC11-030

 

31

41

36

54

5

13

1.09

0.53

54

 

195

Southern Step Out

Ended in Mineralization

2750S

 

 

KBRC11-031

 

 

1

11

78

4

29

81

3

18

3

1.29

0.88

0.46

100

 

 

195

 

Southern Step Out

 

 

 

 

KBRC11-032

 

4

45

87

37

58

100

33

13

13

0.60

0.51

0.80

100

 

 

195

 

Southern Step Out

 

Ended in Mineralization

 

KBRC11-033

 

 

Including

1

28

54

81

7

31

100

82

6

3

46

1

0.72

1.85

1.53

16.56

100

 

 

 

195

 

Southern Step Out

 

 

 

 

KBRC11-034

 

 

1

25

57

4

34

100

3

9

43

0.37

1.45

0.79

100

 

 

195

Southern Step Out

 

Ended in Mineralization

2800S

KBRC11-035

1 4 3 0.42 100

 

195

Southern Step Out

 

KBRC11-036

 

 

 

3

15

28

44

6

18

33

100

3

3

5

56

0.75

0.59

0.40

0.77

100

 

 

 

195

Southern Step Out

 

 

Ended in Mineralization

  KBRC11-037

2

22

42

49

95

5

32

84

50

100

3

10

42

1

5

2.98

1.02

0.81

11.47

0.95

100

 

 

 

 

195

Southern Step Out

 

 

 

Ended in Mineralization

  KBRC11-038

1

87

20

93

19

6

0.69

1.62

100

 

195

Southern Step Out

 

KBRC11-039

 

12

61

72

83

17

64

78

99

5

3

6

16

1.03

0.63

0.59

0.44

100

 

195

 

Southern Step Out

Notes:

  1. Step out  holes drilled at N195 degrees azimuth are perpendicular to East-West tension gashes
  2. 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
  3. Up to 5m of horizontal "waste" included within mineralized intercept
  4. *Previously reported drill holes that are included to provide complete drill data for Section(s) reported

2800S Area Section 150e Looking N 070 W deg

2800S Area Section 190E Looking N 070 W deg

�We are most pleased and encouraged by the extent of gold mineralization we have intercepted in this first release of our southern step out drill holes. Our current Zone 1 resource is contained within 1,100 meters of strike length. Today�s drill results extend our southern strike by 200 meters. On April 07, 2011, AGG released 27 northern step out drill holes that extended our northern strike length by 2,000 meters. In essence, our Zone 1 mineralized strike length currently extends over 3,300 meters and remains open in both directions along strike and at depth. Our 2011 RC drill program is comprised entirely of step out drilling to a maximum vertical depth of 100 meters. We continue to drill RC fences on 100 meter spacing up to 1,200 meters south of our current resource. We are drill testing the strike extensions of our recently announced new gold discovery at Foroko North and we are testing lateral targets that lie as much as 5,000 meters east of the Zone 1 deposit, in addition to, distinct targets that are situated up to 8,000 meters north of  Zone 1, along perceived strike. This year�s field program is intended to bring visibility to the 2,000,000 oz Au threshold, as an interim target,  derived from within the oxide profile of the deposit. We envision both a low capital and operating cost operation with bulk open pit mining and gravity alone gold recovery,� states AGG Director, Pierre Lalande, P. Geo.

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 picked up on site by ALS Chemex Laboratories  for delivery to its Burkina Faso facilities.  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 checks (1 in 100).

African Gold Group, Inc., based in Toronto, Canada, is engaged in the identification, acquisition and exploration of prospective gold projects that are situated along significant gold trends within West Africa. To date, the Company controls a total of eleven gold concessions that are consolidated in four distinct stand alone exploration projects. Three of these projects are located in Ghana and one project (Kobada) is  located in Mali, West Africa.

Additional Information is available on the Company's website at www.africangoldgroup.com and on www.sedar.com and through the Company's offices at:  Sun Life Financial Tower, Suite 2518, 150 King St. West, Toronto, Canada M5H 1J9

 

On Behalf of the Board:

Michael A. J. Nikiforuk

President, Director

 

FOR FURTHER INFORMATION PLEASE CONTACT:

African Gold Group, Inc.

Michael A. J. Nikiforuk

(416) 644-8892 ext 101

info@africangoldgroup.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

 

 

Communication Design by Independent Development Inc.




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African Gold Group Inc.

EXPLORATION STAGE
CODE : AGG.V
ISIN : CA00829A1066
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African Gold Group is a gold exploration company based in Canada.

African Gold Group holds various exploration projects in Ghana.

Its main exploration properties are BAGOE - EAST, BAGOE - WEST and KOBADA in Mali and NYANKUMASI, MANKRANHO and ASANKRANGWA in Ghana.

African Gold Group is listed in Canada and in United States of America. Its market capitalisation is CA$ 48.9 millions as of today (US$ 39.1 millions, € 34.3 millions).

Its stock quote reached its highest recent level on April 02, 2004 at CA$ 3.40, and its lowest recent point on April 12, 2019 at CA$ 0.01.

African Gold Group has 326 100 000 shares outstanding.

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