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African Gold Group Inc.

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Summary

Project:

Kobada

Deposit:Kobada
Location:Mali
Commodities:Gold
Date:11/18/2019
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Mine Development
Report details:18-11-2019: African Gold Group Inc. announces an Exploration/Drilling Update report for its Kobada deposit at the Kobada project. Drilling results incl. 53.5m @ 0.47g/t Au. TORONTO, Nov. 18, 2019 -- African Gold Group, Inc. (TSX-V: AGG) (“AGG” or the “Com
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Andreas Rompel, Uwe Engelmann (Internal;Minxcon Pty Ltd.)
ABSTRACT:TORONTO, Nov. 18, 2019 -- African Gold Group, Inc. (TSX-V: AGG) (“AGG” or the “Company”) is pleased to announce that it has completed the first three lines of drilling and has encountered significant intersections at its drilling program at the Kobada gold project. The drilling program, designed to build on the existing mineral resource estimate released in February 2016 (the “2016 Feasibility Study”), is laid out to systematically drill the existing mineralized zone from its southern extension through the main Kobada shear zone (lines 7 to 12) and then test its northern extension (Figure 1). The drilling for the southern satellite zone in lines 1, 2 and 3 has intersected significant mineralization at the expected depth and thereby confirming the structural mineralization model. The presence of better than expected mineralization in the southern zone, particularly at shallow depths, indicates the potential for additional extensions to the south of the known orebody.

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