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African Gold Group Inc.
Summary
| Project: | Kobada | |
|---|---|---|
| Deposit: | Kobada | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 2/11/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 11-2-2020: African Gold Group Inc. announces an Exploration/Drilling Update report for its Kobada deposit at the Kobada project. Drilling results incl. 9.6m @ 13.27g/t Au. TORONTO, Feb. 11, 2020 -- African Gold Group, Inc. (TSX-V: AGG) (“AGG” or the “Comp | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andreas Rompel, Uwe Engelmann (Internal;Minxcon Pty Ltd.) | |
| ABSTRACT: | TORONTO, Feb. 11, 2020 -- African Gold Group, Inc. (TSX-V: AGG) (“AGG” or the “Company”) is pleased to report the highest grade intersection to date at its Kobada Gold Project (Figure 1). Building on the successful Phase 1 campaign, the first results from Phase 2, returned significant intersections, extending the mineralization to the north and south. Phase 2 is currently approximately 80% complete and is progressing northwards (Figure 3) from the central zone and aims to expand the overall mineral resource at the Kobada Gold Project. “We are extremely happy with these high-grade intersections in the immediate northern and southern extensions of our highly prolific Kobada Shear Zone,” says Dr. Andreas Rompel, Vice President Exploration. “Furthermore, it confirms the mineralization in the shear zones beyond what was previously known, which gives rise to expectations to a much larger mineralized shear zone system on our concessions.” The outstanding results to date confirm management’s belief that the resource at the Kobada Gold Project is larger and of greater thicknesses than suggested in the 2016 Feasibility Study, and clearly highlights the strong upside potential given the results are materially above the current resource grade. | |
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