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African Gold Group Inc.
Summary
| Project: | Kobada | |
|---|---|---|
| Deposit: | Kobada | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 3/2/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 2-3-2020: African Gold Group Inc. announces an Exploration/Drilling Update report for its Kobada deposit at the Kobada project. Drilling results incl. 52.4m @ 1.12g/t Au from 20.1m. TORONTO, Feb. 29, 2020 -- African Gold Group, Inc. (TSX-V: AGG) (“AGG” or | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andreas Rompel (Internal) | |
| ABSTRACT: | TORONTO, Feb. 29, 2020 -- African Gold Group, Inc. (TSX-V: AGG) (“AGG” or the “Company”) is excited to report additional exceptional drill results in the northern extension of the main shear zone (Figure 1) from its Kobada Gold project in southern Mali. Following on from the previously reported drill holes of Phase 2, the next batch of assay results received from SGS laboratory in Bamako continue to demonstrate the large extent of the mineralization along strike and down dip along the highly prolific and auriferous Kobada shear zone. 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. The planned Phase 3 drilling campaign will progress further northwards as we still receive high grade results from the Kobada Shear. To date, the Company has not discovered the northern end of mineralization. Furthermore, AGG intends to step away from the Kobada Shear to test the neighbouring and parallel striking Gosso Shear, which has been exposed by shallow artisanal mining. | |
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