Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
AnglaisFrancais
Cours Or & Argent en

African Gold Group Inc.

Publié le 19 juin 2014

African Gold Group, Inc.: Bulk Sampling Results Identifies Significant Potential for High Grade Gold Mineralisation at the Kobada Gold Project

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   Canada | Mali |

African Gold Group, Inc.: Bulk Sampling Results Identifies Significant Potential for High Grade Gold Mineralisation at the Kobada Gold Project

TORONTO, ONTARIO--(Marketwired - Jun 19, 2014) - African Gold Group, Inc., ("AGG" or the "Company") (TSX VENTURE:AGG) is pleased to report the final results for the bulk sampling program at its wholly-owned Kobada Gold Project in Mali, West Africa. The program was designed to emulate the Kobada deposit from surface through to bedrock.

HIGHLIGHTS

  • Average bulk sample gold grade was 63% higher than assay data from the same drill hole intervals;

  • Considering bulk sample data above a 0.4 g/t Au cutoff grade indicated that gold content was 76% greater than that provided from the assay data over the same drill hole intervals; and

  • These results demonstrate that drill hole data alone is likely to under estimate gold content for the Kobada resource. Once a mining operation is established at Kobada, this trend is likely to result in positive reconciliations between resource estimates and actual gold production.

TESTWORK

The average bulk sample size was 776 kg, with a total of 82 tonnes of material treated at AGG's pilot plant at Kobada. The bulk sample comprised the retained residue from the 2012 Kobada RC drilling program, which was batched through the pilot plant as individual holes.

The primary purpose of the test work was to demonstrate the effect that a large sample size has on the measured gold content. Each bulk sample represented 30 to 50 metres of drill hole length, and was compared to the composite of gold grades of the same drill hole interval previously established by leachwell analysis. This leachwell analysis was performed on a 2kg split of RC chips every one metre of the RC drill hole.

Comparing the results for the entire 82 tonnes of material processed, the composite grade from drilling was 0.31 g/t Au while the average grade from the bulk sample was calculated to be 0.51 g/t Au, representing a 63% increase in contained gold. This is shown in Figure 1 with no Au cutoff grade applied to the bulk sample data (i.e. Cutoff = 0 g/t Au).

It is important to note that the bulk sample contained material from RC drill holes that would be classified as waste or below an economic cutoff grade. Figure 1 illustrates that as the bulk sample data is filtered above increasingly higher grades (the bulk sample cutoff grade), the average grade of the bulk sample increases at a greater rate than the average grade of the drill hole data.

This means that at estimated economic cutoff grades for a full scale mining project at Kobada, which is likely to be between 0.4 and 0.5g/t Au, the bulk sample data suggests that contained gold will be 76% to 94% greater than that indicated by the composited drill hole data.

To view Figure 1 - Bulk sample and drill hole data by cutoff grade, please click on the following link: http://media3.marketwire.com/docs/Figure1-AGG.pdf.

The same data analysis is detailed in Table 1.

Table 1 - Bulk sample and drill hole data by cutoff grade
Percentage Bulk Drill hole Bulk sample
Bulk sample Sample of total sample composite to
cutoff size sample size grade grade Drill hole
Au g/t kg % Au g/t Au g/t grade ratio
0 81,543 100 % 0.51 0.31 163 %
0.1 67,565 83 % 0.60 0.36 166 %
0.2 56,144 69 % 0.69 0.41 167 %
0.3 47,409 58 % 0.78 0.46 171 %
0.4 39,583 49 % 0.87 0.49 176 %
0.5 30,510 37 % 1.00 0.51 194 %

President and CEO of African Gold Group Mr. Declan Franzmann, FAusIMM, comments, "Results of this program demonstrated that there is a nugget effect associated with the Kobada resource, and that this will likely have a positive effect on the head grade for the project. The test work clearly demonstrated that at economic gold grades, the contained gold of the bulk sample was significantly greater than that estimated from drill hole assaying alone."

"That said, it is AGG's view that the feasibility study currently underway will consider a resource estimate from only the assay data of drill holes. AGG plans to update the resource estimate in the near future, once data from the current drill program has been processed. It is management's belief that the grade and size of the Kobada resource is sufficient to be economic without the inclusion of data from this work. The nugget effect established in the bulk sample test work will likely result in positive reconciliations once mining of the project commences."

AGG Director Mr. Pierre Lalande, P.Geo., comments, "It is important to note that lab analysis of drill intervals from within the lateritic hardpan zone overlying saprolite often averaged less than the 0.3 g/t Au, which is the cut-off grade for the Company's 2013 mineral resource estimate. The bulk sample testing has demonstrated that this first 10 meters of the Kobada deposit is likely to significantly understate the contained gold endowment."

Bulk Sample Methodology

Analytical results for the calculated gold grade were based on processing the individual composited bulk samples through AGG's onsite pilot plant. This plant produced a gravity concentrate, a screen deck oversize and a tailing. Gold content of these three products was determined separately and combined to produce the calculated gold content of the bulk sample.

Sampling Protocol

Representative samples of the feed material, plant screen oversize and tails and entire concentrates were sent for analysis at Activation Laboratories by 100-mesh metallics screened fire assay on 1000-g aliquot. One sample in 20 was further analyzed by Leachwell on 2,000-g aliquot as part of the QA/QC program.

Qualified Persons

The bulk sampling program was executed under the supervision of Mr. Florent Baril, P. Eng., Metallurgical Engineer. Mr. Baril is the CEO of Bumigeme Inc., a consulting engineering group, located in Montreal, Canada. Mr. Baril is a Qualified Persons under National Instrument 43-101 and has approved the technical information contained in this release.

About African Gold Group

African Gold Group is a Canadian exploration and development company with a strong focus on West Africa. African Gold Group is positioned to grow in value as it progresses its Kobada Gold Project through a feasibility study, development and into production. For more information regarding African Gold Group visit our website at www.africangoldgroup.com.

On Behalf of the Board:

Declan Franzmann, President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release includes certain "Forward-Looking Statements." All statements, other than statements of historical fact included herein, including without limitation, statements regarding future plans and objectives of African Gold Group; and statements regarding the ability to develop and achieve production at Kobada are forward-looking statements that involve various risks and uncertainties.

There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from African Gold Group's expectations have been disclosed under the heading "Risk Factors" and elsewhere in African Gold Group's documents filed from time-to-time with the TSX Venture Exchange and other regulatory authorities. African Gold Group disclaims any intention or obligation to update or revise any forward looking statements whether resulting from new information, future events or otherwise, except as required by applicable law.

Lire la suite de l'article sur finance.yahoo.com
Données et statistiques pour les pays mentionnés : Canada | Mali | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Mali | Tous

African Gold Group Inc.

EXPLORATEUR
CODE : AGG.V
ISIN : CA00829A1066
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

African Gold Group est une société d’exploration minière d'or basée au Canada.

African Gold Group détient divers projets d'exploration au Ghana.

Ses principaux projets en exploration sont BAGOE - EAST, BAGOE - WEST et KOBADA au Mali et NYANKUMASI, MANKRANHO et ASANKRANGWA au Ghana.

African Gold Group est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 48,9 millions CA$ (39,1 millions US$, 34,3 millions €).

La valeur de son action a atteint son plus haut niveau récent le 02 avril 2004 à 3,40 CA$, et son plus bas niveau récent le 12 avril 2019 à 0,01 CA$.

African Gold Group possède 326 100 000 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Financements de African Gold Group Inc.
18/03/2015Announces Closing of Private Placement
11/03/2015Announces Private Placement
05/09/2013Announces the Closing of $1,500,000 Private Placement Offeri...
20/03/2006private placement of up to 4 million shares
Attributions d'options de African Gold Group Inc.
05/04/2011, Engages Torrey Hills Capital for Investor Relations
Projets de African Gold Group Inc.
23/08/2013(Kobada)Clarifies Disclosure on Kobada, Mali Gold Project Press Rele...
03/05/2010(Asankrangwa)Airborne Survey Of Asankrangwa Holdings -- Contiguous And O...
08/04/2010(Asankrangwa)To Commence Airborne Survey Of Asankrangwa Holdings -- Conti...
18/02/2010(Kobada)Drilling At Kobada, Mali Focused On Surpassing 1,000,000 Oz ...
20/01/2010(Kobada)Multi-Phase Work Program Focused on Surpassing 1,000,000 oz ...
24/03/2010(Kobada)Intersects 18 Meters of 7.04 G/T Au In Zone 1 and 21 Meters ...
28/10/2009(Mankranho)Newmont Confirms Structures That Host Yamfo North-East & Sub...
23/09/2009(Kobada)Kobada "Zone 1" Resources Estimate Will Increase
21/05/2008(Kobada)Files Initial 43-101 Mineral Resources Estimate For "Zone 1"...
09/04/2008(Kobada)Intercepts 9 Meters Of 25.8 G Au/T
Mineralization Identi...
02/04/2008Releases Initial 43-101 Mineral Resources Estimate for "Zone...
18/03/2008(Kobada)Diamond Drilling Set To Test Multiple Structures Parallel To...
06/03/2008(Bagoe - East)Randgold Resources Reports Rab Drilling Is Underway At Bagoe...
Communiqués de Presse de African Gold Group Inc.
06/01/2016African Gold Group, Inc. Announces Sale of Ghanian Assets fo...
28/10/2015African Gold Group, Inc. Announces Metalurgical Test Work Co...
03/09/2015African Gold Group Announces Closing of Private Placement
05/08/2015African Gold Group, Inc. Announces Grant of Kobada Mining Li...
08/07/2015African Gold Group, Inc. Announces Election of Mr. Georges C...
06/02/2015African Gold Group to Participate in "Doing Business in Mali...
22/01/2015African Gold Group Closes Second Non-Brokered Private Placem...
14/01/2015African Gold Group Closes Non-Brokered Private Placement for...
23/12/2014African Gold Group, Inc. Announces Filing of Preliminary Eco...
25/11/2014African Gold Group, Inc.: Updated Preliminary Economic Asses...
29/10/2014Kobada Metallurgy Test Work Confirms 85.2% Gold Recovery for...
28/10/2014African Gold Group Unaware of Any Material Change
04/09/2014AGG Appoints David Brown as Company Chairman
29/07/2014African Gold Group Updates on Kobada Feasibility Study
23/07/2014African Gold Group Inc. Completes 2014 Kobada Field Season-B...
17/07/2014African Gold Group, Inc., Appoints Misha Collins Feasibility...
09/07/2014African Gold Group, Inc., Kobada Feasibility Study Work to M...
19/06/2014African Gold Group, Inc.: Bulk Sampling Results Identifies S...
22/05/2014African Gold Group Closes Over-Subscribed Non-Brokered Priva...
29/04/2014African Gold Group Strengthens Mine Development Team With th...
25/03/2014African Gold Group, Inc. Announces Early Warrant Exercise In...
22/10/2013(Kobada), Engineering Team Mobilizes to Commence Metallurgical Test ...
08/07/2013Annual and Special Shareholder Meeting
20/06/2013letter Press Release June 18 2013
18/06/2013(Kobada)Updated Resources Estimate for Kobada Gold Project Surges to...
29/05/2013KBRC12-160 Intercepts 75 Meters of 3.06 g/t Au; KBRC12-201 I...
29/05/2013KBRC12-160 Intercepts 75 Meters of 3.06 g/t Au; KBRC12-201 I...
15/05/2013KBRC12-084 Intercepts 69 Meters of 2.37 g/t Au; KBRC12-066 I...
08/05/2013Feasibility Study Drilling on 25 Meter Centers Pushes Au Min...
25/03/2013IGE Resources calls for Extra General Meeting, related to th...
05/02/2013(Mankranho)Completes Sale of Mankranho, Ghana Concession for US$4,000,0...
05/11/2012Pope & Company Initiates Equity Research Coverage on African...
10/10/2012(Mankranho)Announces Sale of Mankranho, Ghana Concession for US$4,000,0...
01/05/2012May 01/2012
29/03/2012March 29/2012
20/03/2012March 20/2012
29/11/2011Nov 30/11
26/10/2011Featured In The Financial Post,
25/10/2011Oct 25/11
14/09/2011Sept 14/11
25/08/2011Featured In The Financial Post, Mining News
13/07/2011July 13/11
13/07/2011Positive Preliminary Economic Assessment Generates $216.9 Mi...
01/06/2011June 01/11
01/06/2011Southern Step Out Hole Intercepts 96 Meters of 1.35 g/t Au f...
05/04/2011April 05/11
29/03/2011March 29/11
22/03/2011March 22/ 11
22/03/201167 RC Drill Holes Shipped to Lab; 3,980 m of Trench Results ...
16/03/2011Re-Adopts Shareholder Rights Plan
29/04/2008 included in The Gold Newsletter, April 2008 Edition
16/04/2008Trenching Returns 84 Meters Of 3.0 G Au/T, Including 36 Mete...
25/02/2008 Retains AGORACOM To Provide Google Search Engine IR Program...
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TSX-V (AGG.V)OTHER OTC (AGGFF)
0,150+0.00%0,125+13.64%
TSX-V
CA$ 0,150
03/08 10:30 -
0%
Cours préc. Ouverture
0,150 0,150
Bas haut
0,145 0,150
Année b/h Var. YTD
0,085 -  0,195 11,11%
52 sem. b/h var. 52 sem.
0,085 -  0,195 15,38%
Volume var. 1 mois
76 091 -%
24hGold TrendPower© : 20
Produit
Développe
Recherche Gold
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Dernière mise à jour le : 25/03/2010
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
20227,14%0,200,08
2021-20,00%0,200,11
2020-40,68%0,380,10
20191375,00%0,590,01
2018-55,56%0,060,02
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,15 AU$-3,77%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,20 AU$+0,00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,86 AU$+0,00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
5,77 US$-2,86%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,80 GBX-3,75%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,08 CA$-11,11%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,05 CA$+3,02%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
8,55 CA$+1,18%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,18 CA$+2,86%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,30 AU$+0,00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
2,50 CA$+2,46%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
68,46 US$+0,26%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,03 AU$+0,00%Trend Power :