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African Gold Group Inc.
Summary
| Project: | Kobada | |
|---|---|---|
| Deposit: | Kobada | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 12/10/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 10-12-2019: African Gold Group Inc. announces an Exploration/Drilling Update report for its Kobada deposit at the Kobada project. Drilling results incl. 6.00m @ 5.34g/t Au from 157.00m. TORONTO, Dec. 10, 2019 -- African Gold Group, Inc. (TSX-V: AGG) (“AGG | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andreas Rompel, Uwe Engelmann (Internal;Minxcon Pty Ltd.) | |
| ABSTRACT: | TORONTO, Dec. 10, 2019 -- African Gold Group, Inc. (TSX-V: AGG) (“AGG” or the “Company”) is pleased to announce exceptional high-grade intersections at Kobada Gold Project. Results to date have returned better than expected grades in the central shear zone and support the Company’s belief that there is upside potential at the Kobada Gold project. “The additional high-grade intersections are raising our confidence in the Kobada Gold Project”, says Dr. Andreas Rompel, Vice President Exploration. “We are very excited with the results from the Phase 1 drilling program as it provides us with confirmation of a likely larger and higher grade deposit.” The outstanding results to date confirm management’s belief that the deposit at the Kobada gold project is larger, with greater thicknesses than suggested in the 2016 Feasibility Study. The Phase 1 drilling campaign, which focused on confirming and upgrading the confidence level of the resource, clearly indicates a strong correlation to the geological model in the 2016 Feasibility Study. In addition, better than expected drilling results and an updated understanding of the structural geology and mineralization model of the the deposit will further reinforce the updated resource model due in January 2020. The Phase 2 drilling campaign has commenced, progressing to the north, and aims to extend the resource northward. Continuing mineralization north of the central zone is expected to further confirm our view that the Kobada project is larger than previously suggested. | |
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