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African Gold Group Inc.

Publié le 29 mars 2011

March 29/11

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Mots clés associés :   Burkina Faso | Canada | Ghana | Mali |
African Gold Group

African Gold Group, Inc. Gold In Trenches Establish RC Drill Targets Up To 1,000 Meters South Of Zone 1 Deposit, At Kobada, Mali

African Gold Group, Inc., (�AGG� or the "Company�) is pleased to report that its recently completed excavator trench program, at the Company�s Kobada, Mali gold project, has generated encouraging results within  trenches that were excavated along what is perceived to be the southern extension of the Zone 1 deposit. In addition, the trenching  has covered regions that are situated up to 1.25 km south east of the Zone 1 deposit, within the region of the newly discovered gold zone that AGG has dubbed the Termite Zone. Click here to view the announcement regarding the discovery of the Termite Zone

A total of 3,980 meters of trenching was completed in 8 trenches covering the perceived southern extensions of the Zone 1 deposit, as well as, the southern region of the Termite Zone. The gold intercepts within the trenches are depicted in Table 1 below:

Section Trench No. From (m) To   (m) Length (m) Grade (ppb) Inc. (m@ppb)       Comment           

2800S

 

 

 

 

10

 

 

 

 

045E

105E

145E

170E

070W

064E

137E

161E

190E

255E

19

32

16

20

325

690

260

230

170

140

1m @7,5670

 

 

 

 

Zone 1 Ext.

Zone 1 Ext.

Zone 1 Ext.

Zone 1 Ext.

Zone 1 Ext.

3000S

 

 

 

9

 

 

 

050W

145E

170E

115W

038E

160E

222E

239E

88

15

52

354

240

160

190

140

1m @ 8,410

 

 

 

Zone 1 Ext.

Zone 1 Ext.

Zone 1 Ext.

Whole Trench

3200S

 

 

8

 

 

132E

188E

263E

173E

249E

272E

41

61

9

280

1050

46

1m @ 60,80 & 1m @ 23,7000

 

Zone 1 Ext.

Zone 1 Ext.

 

3325S

 

 

7

 

 

142E

195E

270E

185E

243E

274E

43

48

4

300

460

360

1m @ 11,950

Zone 1 Ext.

Zone 1 Ext.

Zone 1 Ext.

3250S

 

14

 

510E

645E

513E

695E

3

14

550

890

 

1m @ 9,340

Between Zones

Termite Zone

3550S

 

 

 

12

 

 

 

078E

145E

165E

190E

087E

155E

176E

213E

9

10

11

23

360

200

620

220

 

 

Zone 1 Ext.

Zone 1 Ext.

Zone 1 Ext.

Zone 1 Ext.

3550S

 

11

 

438E

610E

461E

626E

23

16

160

520

 

Between Zones

Termite Zone

3800S

 

 

 

 

 

13

 

 

 

 

 

125E

163E

180E

210E

222E

235E

138E

174E

187E

215E

230E

245E

13

11

7

5

8

10

120

170

130

110

280

150

 

 

 

 

Zone 1 Ext.

Zone 1 Ext.

Zone 1 Ext.

Zone 1 Ext.

Zone 1 Ext.

Zone 1 Ext.

3800S

 

 

13 (cont'd)

 

 

342E

355E

370E

342E

355E

370E

7

2

12

110

4320

160

 

 

 

Between Zones

Between Zones

Between Zones

3800S

 

 

 

 

13 (cont'd)

 

 

 

 

495E

520E

580E

613E

633E

502E

538E

588E

620E

657E

7

18

8

7

24

170

150

330

190

130

 

Termite Zone

Termite Zone

Termite Zone

Termite Zone

Termite Zone

 

Excavator Trench Program

 

AGG is extremely pleased with the results of the recently completed excavator trench program. This program has clearly established the occurrence of significant gold mineralization for at least another 1,000 meters south of the Zone 1 deposit, along the N020E (degrees) trend and continues to remain open to the south, beyond trench 13.

In a bid to push the extent of gold mineralization further south, AGG geologists have completed a line of 61 auger drill holes, spaced 25 meters apart on section 4400S, the equivalent of 1,800 meters south of the Zone 1 deposit and 800 meters south of trench 13, the most southerly trench. Results remain pending for the line of auger drill holes.  

Auger Drilling Lines and Trenches

Gold anomalies must be viewed within the context of the known background gold values for the region being surveyed. On a simplistic level background gold values for trenches within the Kobada gold project can be stated as 0 ppb to 20 ppb. Background gold values in trenches can approach 80 ppb for samples that are 50 meters or less from mineralization. Therefore, trench values that are three times (3 x) or greater than three times (> 3 x) background values are indeed, highly anomalous.

It should also be noted that trench samples were collected from within the upper part of the saprolite zone of the laterite weathering profile, which is commonly a zone of secondary depletion of gold mineralization . Trenches 9 and 10 were not able to reach the upper saprolite zone, due to the thickness of the overlaying mottle zone (typically a zone of enrichment). Trenches 7, 8, 12 and 13 have intersected this insitu material and have established good targets for RC drilling.

In the interest of expediting laboratory analysis of the trench samples to establish RC drill targets, as quickly as possible, all trench samples were analyzed by fire assay on a 50g charge at ALS Chemex Laboratories in Bamako, Mali.

AGG will continue to ship all future RC drill samples to ALS Chemex�s facilities in Burkina Faso for analysis using Leachwell on two (2kg) of pulp. (Leachwell is a bottle roll cyanidation procedure with the addition of a catalyst to speed up gold dissolution.)

AGG uses the Leachwell analytical method on RC samples because it analyses a larger sample (2kg), in comparison to the standard fire assay (50 g).  The use of the larger sample increases the chances of detecting the coarse gold occurrences that are known to occur in the Kobada deposit.  The 50 g fire assay results from the trenches have detected some of these coarse gold occurrences, even with the smaller sample for analysis, as demonstrated by the following trench results.  AGG contends the number of high grade intercepts is understated by fire assay on a 50 g charge.

  • Trench 7: 1 m @ 11,950 ppb (11.95 g/t Au)
  • Trench 8: 1 m @ 6,080 ppb (  6.08 g/t Au) and 1 m @ 23,700 ppb (23.7 g/t Au)
  • Trench 9: 1 m @ 8,410 ppb (8.41 g/t Au)
  • Trench 10: 1 m @ 7,560 ppb (7.56 g/t Au)
  • Trench 14: 1 m @ 9,340 ppb (9.34 g/t Au)

    Based on the successful results of the above stated trench program a step out RC drill program, consisting of approximately 100 RC drill holes has been designed to test the region between sections 2700S and 3550S. Drilling in this region is currently underway.

    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.

    EXPLORATEUR
    CODE : AGG.V
    ISIN : CA00829A1066
    Suivi et investissement
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    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.

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