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African Gold Group, Inc. Southern Step Out Hole Intercepts 96 Meters of 1.35 g/t Au from Surface, Ends in Mineralization at Kobada, Mali
Published : June 01, 2011

Zone 1 Strike Extends to 3,300 Meters- Remains Open

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Mots clés associés :   Burkina Faso | Canada | Ghana | Mali |

TORONTO, ONTARIO--(Marketwire - June 1, 2011) - African Gold Group, Inc. ("AGG" or the "Company") (News - Market indicators) 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.

Please activate the link to view drill collar and trace for Section 2800S area plan map.

http://media3.marketwire.com/docs/sect2800plan.pdf

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

Section Hole ID From To Length Au EOH Degrees   Hole Objective
    (m) (m) (m) (g/t) (m) (tn)    
2700S RPA10-007A* 4 7 3 1.38 102 195   Southern Step Out
    26 29 3 0.44        
    38 41 3 0.49        
    70 102 32 0.56       End in mineralization
  RPA10-008A* 0 102 102 1.00 102 195   Southern Step Out
  including 0 13 13 1.03        
  and 38 58 20 1.45        
  and 64 102 38 1.33       End in mineralization
  KBRC11-028 11 14 3 0.48 101 195   Southern Step Out
    27 30 3 5.1        
  KBRC11-029 6 102 96 1.35 102 195   Southern Step Out
  including 11 33 22 2.41        
  and 25 26 1 11.4        
  and 28 29 1 21.7        
  and 76 77 1 14.9        
    88 102 14 1.87       End in mineralization
  KBRC11-030 31 36 5 1.09 54 195   Southern Step Out
    41 54 13 0.53       End in mineralization
2750S KBRC11-031 1 4 3 1.29 100 195   Southern Step Out
    11 29 18 0.88        
    78 81 3 0.46        
  KBRC11-032 4 37 33 0.60 100 195   Southern Step Out
    45 58 13 0.51        
    87 100 13 0.8       End in mineralization
  KBRC11-033 1 7 6 0.72 100 195   Southern Step Out
    28 31 3 1.85        
    54 100 46 1.53        
  including 81 82 1 16.56        
  KBRC11-034 1 4 3 0.37 100 195   Southern Step Out
    25 34 9 1.45        
    57 100 43 0.79       End in mineralization
2800S KBRC11-035 1 4 3 0.42 100 195   Southern Step Out
  KBRC11-036 3 6 3 0.75 100 195   Southern Step Out
    15 18 3 0.59        
    28 33 5 0.40        
    44 100 56 0.77       End in mineralization
  KBRC11-037 2 5 3 2.98 100 195   Southern Step Out
    22 32 10 1.02        
    42 84 42 0.81        
  including 49 50 1 11.47        
    95 100 5 0.95       End in mineralization
  KBRC11-038 1 20 19 0.69 100 195   Southern Step Out
    87 93 6 1.62        
  KBRC11-039 12 17 5 1.03 100 195   Southern Step Out
    61 64 3 0.63        
    72 78 6 0.59        
    83 99 16 0.44        
 
Notes:
1) Step outholes 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 0.9g.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

Please activate the links to view selected area 2800S Cross Sections of drill intercepts.

http://media3.marketwire.com/docs/2800sect150eN070.pdf

http://media3.marketwire.com/docs/2800sect190eN070.pdf

"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

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

African Gold Group, Inc.
Michael A. J. Nikiforuk
President, Director
(416) 644-8892 ext 101
info@africangoldgroup.com
Données et statistiques pour les pays mentionnés : Burkina Faso | Canada | Ghana | Mali | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Burkina Faso | Canada | Ghana | Mali | Tous

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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