Dear Investors,
We wish to bring your attention to African Gold Group Inc.'s most recent press release which was prominently featured in the Financial Post, Mining News Section.
KBRC11-140 INTERCEPTS 42 METERS OF 1.50 g/t Au IN NEAR SURFACE RC HOLE
African Gold Group, Inc., is pleased to report the analytical results for 17 near surface (oxide), reverse circulation (RC), step-out drill holes, from the Company's Kobada, Mali gold project. All 17 step-out drill holes were collared approximately 5 kilometers south-east of the Zone 1 deposit. The drill holes being reported in this release represent the first drilling ever undertaken in this area of the Kobada gold project. AGG has named this new gold discovery zone the Gossokorodji ("Gosso") Target.
Near Surface (Oxide) Drill Highlights From the Gosso Step-Out Holes Include:
- KBRC11-138: 15 m @ 0.62 g/t Au
- KBRC11-140: 42 m @ 1.50 g/t Au, incl 1 m @ 11.82 g/t Au
- KBRC11-142: 4 m @2.34 g/t Au
- KBRC11-144: 28 m @ 0.67 g/t Au
Gosso represents one of seven geophysical targets that exhibit characteristics similar to Kobada's Zone 1 deposit. Paterson, Grant & Watson Ltd., (2010) classified this target as a Priority 1 airborne geophysical target characterized by: 1) a 250 meter wide ENE interpreted fault zone with numerous NNE inferred faults; 2) a highly anomalous magnetic alteration zone along the western edge of the contact of the basement rock with an interpreted granitoid intrusion; 3) a zone of potassium (K) enrichment, coincident with a southern magnetic alteration zone in the region of a strong ENE-NNE deformation; and 4) an arsenic anomaly located over the ENE faults in the Mag/K alteration zone in the southwest corner of the target. The target is coincident with artisanal gold diggings. Lastly, the 2011 gold geochemical survey conducted on a 80 meter by 400 meter grid also indicates a ENE trend cutting through the geophysical target. No outcrop was observed during the survey within this target.
Continue reading at the Financial Post...
Additional Information is available on the Company's website at africangoldgroup.com and on 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
African Gold Group, Inc.
Michael A. J. Nikiforuk
President, Director
(416) 644-8892 ext 101
info@africangoldgroup.com