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African Gold Group Inc.
Summary
| Project: | Kobada | |
|---|---|---|
| Deposit: | Kobada | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 11/21/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 21-11-2019: African Gold Group Inc. announces an Exploration/Drilling Update report for its Kobada deposit at the Kobada project. Drilling results incl. 49.00m @ 0.94g/t Au from 8.00m. TORONTO, Nov. 21, 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, Nov. 21, 2019 -- African Gold Group, Inc. (TSX-V: AGG) (“AGG” or the “Company”) is extremely pleased to release the first drill hole from the Central part of the Kobada Main Shear Zone (Figure 1 and Table 1). The very high-grade intersections clearly indicate the considerable upside potential at the project. “We are thrilled that these additional higher-grade results confirm our long-standing view that the Kobada project is higher grade over larger thicknesses,” commented Stan Bharti, Chairman. “We anticipate additional drilling in this area will provide further support for our view.” “We are very excited to have intersected better than expected grades. This high-grade mineralization in the central zone of the Kobada main shear confirms our belief that the resource is bigger with better thicknesses than suggested in previous studies,” says Dr. Andreas Rompel, VP Exploration. “We are now in a better position to design a very robust open pit in this area.” This first hole in the central portion of the Main Shear Zone far exceeded expectations and clearly outlines the strong upside potential given the results are materially above the current resource grade. Drilling continues in this zone with several additional holes expected to be completed over the coming weeks. AGG anticipates future results from this area will be equally favourable. | |
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