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 29 novembre 2011

Nov 30/11

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

African Gold Group, Inc. Positive Auger Drill Results Escalate Potential For Increasing Zone 1 Strike Extension A Further 400 Meters North

TORONTO, CANADA,  - African Gold Group, Inc., is pleased to report that auger drilling at Kobada, Mali has intercepted highly anomalous gold values located on Section 700S. Section 700S represents a 400 meter step-out to the north of the  43-101 inferred resource estimate that contains AGG's Zone 1 gold deposit. The anomaly is clearly intercepted by projecting the orientation of the Zone 1 deposit 400 meters north, along strike, through Section 700S. AGG interprets the interception of the anomaly on Section 700S as escalating the potential for extending the Zone 1 deposit a further 400 meters north, along strike.

The assay results depicting the 15 auger drill holes are listed in Table 1 below:

Hole ID

 
From
(m)

 
To
(m)

 
Length
(m)

 
Au, average
whole hole
(ppb)
EOH
(m)

 
Au, last
sample
saprolite
(ppb)
Hole Objective

 
KBMT 11-320 0 12 12 0.018 12 0.004 Testing N extension of Zone 1
KBMT 11-321 0 12 12 0.037 12 0.006 Testing N extension of Zone 1
KBMT 11-322 0 12 12 0.029 12 0.005 Testing N extension of Zone 1
KBMT 11-323 0 12 12 0.109 12 0.040 Testing N extension of Zone 1
KBMT 11-324 0 15 15 1.130 15 0.003 Testing N extension of Zone 1
KBMT 11-325 0 15 15 1.500 15 0.012 Testing N extension of Zone 1
KBMT 11-326 0 15 15 0.205 15 0.697 Testing N extension of Zone 1
KBMT 11-327 0 15 15 0.088 15 0.026 Testing N extension of Zone 1
KBMT 11-328 0 15 15 0.188 15 0.036 Testing N extension of Zone 1
KBMT 11-329 0 15 15 0.357 15 0.797 Testing N extension of Zone 1
KBMT 11-330 0 15 15 0.159 15 0.081 Testing N extension of Zone 1
KBMT 11-331 0 15 15 1.350 15 0.346 Testing N extension of Zone 1
KBMT 11-332 0 15 15 0.868 15 0.785 Testing N extension of Zone 1
KBMT 11-333 0 15 15 0.476 15 1.170 Testing N extension of Zone 1

Background gold values at AGG's Kobada gold project can be stated as 0 ppb to 20 ppb. Auger drill holes average between 12 to 15 meters in vertical depth. The primary objective of the auger drill program is to obtain a sample containing at least three meters of in situ saprolite material that lies beneath the enriched duracrust and mottle zone(s).

The anomalous values derived from the saprolite interval of the auger holes on Section 700S are identified in holes KBMT11-326 through KBMT11-333. The sequential holes are spaced approximately 25 meters apart and therefore represent an east-west anomaly measuring approximately 175 meters in width. Anomalous gold values averaged over the entire hole are also included.

2011-RC-Drilling-on-sections-1000S-and-1050S-and-Auger-Saprolite-results-on-section-700S

ZONE 1 NORTHERN STRIKE POTENTIAL ESCALATES

AGG's Zone 1, NI 43-101 inferred resource is currently contained within a mineralized envelope that measures 1.7 kilometers in strike length. The most northern boundary of the 43-101 mineralized envelope is located on Section 1100S. The step-out auger holes being reported in today's release are located 400 meters north on Section 700S.

On November 15, 2011 AGG announced the analytical results for six near surface (oxide), reverse circulation (RC), step-out drill holes that were collared up to 100 meters north of the 43-101 resource on Section 1000S. These step-out RC holes, when evaluated in conjunction with the results of today's auger drill results, illustrate the potential for extending the Zone 1 deposit a further 400 meters north, along strike.

Near Surface (Oxide) Drill Highlights From Step-Out Holes On Section 1000S Include:

KBRC11-189: 112 m @ 2.14 g/t Au, incl, 1 m @ 90.19 g/t Au, ended in mineralization

KBRC11-192: 88 m @ 1.66 g/t Au, incl 2 m @ 25.60 g/t Au

KBRC11-191: 55 m @ 0.79 g/t Au, incl 1 m @ 15.06 g/t Au

KBRC11-190: 42 m @ 0.96 g/t Au, incl 1 m @ 12.42 g/t Au

KBRC11-193: 12m @ 0.89 g/t Au, ended in mineralization

On April 07, 2011, AGG announced the analytical results of the first set of 27 northern step-out drill holes from the 2011 campaign. The 27 northern step out holes were grouped in four distinct regions, north of the Zone 1 deposit. The group of holes closest to the Zone 1 deposit, located on Section 1100S, have been in-filled and now form part of the current NI 43-101 resource that was published in conjunction with the July 13, 2011 dissemination of AGG's Preliminary Economic Assessment ("PEA"). The remaining step-out RC holes, grouped further north on Section 400S, Section 000 and Section 400N currently remain outside of the 43-101 resource. Gold mineralization contained within these northern  grouping of step-out RC drill holes escalate the potential for extending Zone 1 mineralization up to an additional 1.5 kilometers north along strike. This step-out drilling has yet to define or delineate the northern extent of gold mineralization contained within the Kobada structural corridor.

Highlight holes from the April 07, 2011northern step-out holes included:

Section 400S: 700 meters north of Section 1100S, (the north limit of 43-101 resource)

KBRC11-016: 15 m @ 1.61 g/t Au
And     20 m @ 0.46 g/t Au
And     10 m @ 2.38

KBRC11-015: 8 m @ 5.08
And     22 m @ 1.48

Section 000N: 1.1 km north of Section 1100S, (the north limit of 43-101 resource)

KBRC11-012: 8 m @ 0.59 g/t Au
And     7 m @ 0.34 g/t Au
And     8 m @ 6.23 g/t Au|
And     9 m @ 0.59 g/t Au
And     7 m @ 0.56 g/t Au

Section 400N: 1.5 km north of Section 1100S, (the north limit of 43-101 Resource)

KBRC11-003: 6 m @ 1.29 g/t Au

And 4 m  @ 0.51 g/t Au

And 10 m @ 0.80 g/t Au

And 6 m @ 1.23 g/t Au

And 13 m @ 0.57 g/t Au

KBRC07-038: 5 m @ 4.04 g/t Au

"We reiterate our comments contained within our November 15, 2011 press release, that being, we are most encouraged by the significant gold anomaly generated on Section 700S by our auger drill program. We have no doubt that our Zone 1, 43-101 resource holds the potential to extend up to an additional 400 meters north of the current boundary located on Section 1100S. Our near term goal is to include the potential tonnes and ounces of Au contained within this area. Of even greater significance is the blue sky potential that is being amply demonstrated by the mineralized intercepts encountered as much as 1.5 km north of our resource's current northern boundary. We remain open along strike, in both directions and at depth. We have encountered new discovery zones at Foroko North, Gosso and the Termite Zone. We have drill tested less than three per cent of our 218 sq km footprint and are confident that Kobada will continue to grow," states AGG President, Michael A. Nikiforuk

Kobada Review

On July 13, 2011 AGG announced the results of a positive NI 43-101 PEA that evaluates the potential of an open pit, based on a bulk mining model, utilizing a gravity recovery process plant, at the Company's Kobada (Mali) gold project. The PEA incorporates and includes drill data up to the end of December, 2010. There is no drill data from the 2011 campaign included in the PEA. More specifically, the PEA does not incorporate drill data for the northern extension holes that hold potential to extend Zone 1 up to 1.5 kilometers north of the Zone 1 deposit, in addition, the PEA does not incorporate the 2011 southern holes that hold potential to extend Zone 1 up to 1.55 kilometers south of the Zone 1 deposit, nor does the Study include any potential from the newly discovered Foroko North deposit, the newly discovered Termite Zone or the recently announced Gosso discovery zone the latter three discovery zones being separate and distinct structures from Zone 1.

Project Economics - Base Case

The PEA estimates an after-tax Net Present Value (NPV) of US$216.9 million from commencement of construction and an after-tax Internal Rate Of Return (IRR) of 90.57% using a base case of US$1,100 per ounce of gold and a discount rate of 5%.

The Kobada project base case is for processing 20,000 tonnes per day for a total of 7,000,000 tonnes per year in a gravity process plant that is projected to recover 87.9% of the gold contained in 41,750,000 tonnes of lateritic material assaying 0.64 g/t Au, for average annual production of 126,600 ounces of gold for the first five years of operation. The average annual operating cost is calculated to be US$8.27/t for the first five years of operation with a CAPEX of US$122,500,000. The project produces gold at the direct cost of US$470.90 per ounce. The Study demonstrates that the Kobada gold project is economically optimized by adopting bulk mining versus selective mining. The direct implications of bulk mining are demonstrated in a substantial increase in tonnage and recoverable gold but with an associated decrease in the average gold grade. Please visit www.africangoldgroup.com to review the entire content of AGG's July 13, 2011 press release announcing the results of the positive Preliminary Economic Assessment.

Pending Drill Results

At present, the following Kobada step-out holes, forming part of AGG's ongoing 2011 exploration campaign, remain pending: Zone 1 southern extension step-out holes; Foroko North strike extension step-out holes and step-out holes east of Zone 1 to test a perceived parallel structure. The analytical results for the outstanding step-out drill holes will be published upon receipt of the results from the laboratory.

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.

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.

Mineral resources that are not mineral reserves do not have demonstrated economic viability. The preliminary assessment includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary assessment will be realized.

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
(647) 288-0453
majn@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.




Powered by Joobi
Données et statistiques pour les pays mentionnés : Canada | Ghana | Mali | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Ghana | 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%0,127-15.33%
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
 -  -
52 sem. b/h var. 52 sem.
0,085 -  0,195 11,11%
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
20230,00%
20227,14%0,200,08
2021-20,00%0,200,11
2020-40,68%0,380,10
20191375,00%0,590,01
 
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$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
7,03 AU$-0,28%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
6,20 US$-1,63%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,69 GBX-4,97%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,09 CA$+38,46%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
2,05 CA$-2,38%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
9,61 CA$-0,31%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,23 CA$+0,00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,34 AU$-2,86%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
2,11 CA$-0,94%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
61,69 US$-0,84%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,03 AU$-3,57%Trend Power :