African Gold Group, Inc. Intercepts 53 Meters of 2.08 g/t Au-Hole Ends in Mineralization-and 90 Meters of 0.91 g/t Au from Surface, at Kobada, Mali
TORONTO, ONTARIO -- (Marketwire) -- 11/10/10 -- African Gold Group, Inc., ('AGG' or the 'Company') (TSX VENTURE: AGG) is pleased to report the analytical results for 23 near surface (oxide) reverse circulation ('RC') drill holes from AGG's Kobada, Mali gold project.
Near Surface (Oxide) Drill Highlights Include:
RPA10-040: 53 m @ 2.08 g/t Au, including 4 m @ 9.12 g/t Au, Ended In
Mineralization
RPA10-052A: 90 m @ 0.91 g/t Au
RPA10-055: 16 m @ 1.71 g/t Au and 36 m @ 1.34 g/t Au
RPA10-036: 26 m @ 1.97 g/t Au
RPA10-052C: 41 m @ 1.03 g/t Au
RPA10-043: 26 m @ 1.42 g/t Au
Table 1 below depicts significant intercepts in 22 of 23 holes being reported in this release. A total of 13 of the 23 holes were drilled into the hanging wall or the footwall of the deposit. These 13 holes have succeeded in identifying the lateral limits, or footwall and hanging wall (respectively to the west and east) of the mineralized envelope and will assist in calculating the volume of ore contained within the mineralized structural corridor.
'We feel confident that our 2010 drill program has achieved a twofold success in that we have succeeded in defining the width of mineralization within Zone 1 but also and of great importance, we believe this program has considerably improved both the tonnage and grade of the deposit at Kobada, Mali,' states Kevin Downing, Ph.D., Senior Structural Geologist.
A drill hole location map and select cross sections can be viewed at www.africangoldgroup.com.
TABLE 1
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Section Hole From To L Au EOH Deg. Hole
ID (m) (m) (m) (g/t) (m) (TN) objective
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1750S RPA10-055 1 4 3 0.41 290
19 35 16 1.71 Delineation
42 61 19 0.57
88 124 36 1.34 126
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1775S RPA10-041 72 75 3 0.45 290 Hanging wall
113 125 12 0.35 126
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1775S RPA10-042 Hanging wall, ending
0 3 3 0.91 290 in Zone 1
46 49 3 0.34
83 86 3 0.59
95 98 3 0.30
103 106 3 4.64
1775S Including 105 106 1 13.07 126
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1775S RPA10-044 Hanging wall, ending
20 23 3 0.35 290 in Zone 1
42 54 12 0.45
68 71 3 0.39
Hole ended in
105 126 21 0.35 126 mineralization
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1775S RPA10-046 Hanging wall, ending
8 11 3 0.36 290 in Zone 1
22 25 3 0.44
70 74 4 0.53
96 99 3 0.68
111 125 14 0.85 125
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1775S RPA10-047 0 7 7 0.33 290 Mostly infill
28 44 16 0.96
55 70 15 1.05
95 108 13 1.38
113 116 3 0.40 126
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1775S RPA10-050A 0 6 6 0.60 290 Infill drilling
7 13 6 0.21
19 28 9 0.93
41 60 19 0.69
72 75 3 0.58
83 97 14 1.12
106 120 14 0.36 125
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1775S RPA10-052 Collared in Zone 1,
3 36 33 0.68 290 ends in hanging wall
1775S RPA10-052 66 71 5 0.82
1775S RPA10-052 108 114 6 0.88 125
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1775S RPA10-052C 2 9 7 0.91 15 Infill
15 32 17 0.63
40 51 11 0.36
82 123 41 1.03 125
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1775S RPA10-052A 1 91 90 0.91 195 Infill
114 122 8 0.41 124
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1775S RPA10-052B 2 29 27 0.90 110 Infill
46 63 17 0.64
115 123 8 0.83 125
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1775S RPA10-056A 0 14 14 1.09
27 37 10 0.51
51 61 10 0.61
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1800S RPA10-043 13 32 19 0.75 290 Infill
45 71 26 1.42
Including 48 49 1 18.36
84 96 12 0.95
102 123 21 0.61 126
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1800S RPA10-051 Definition ending in
0 12 12 0.91 126 290 hanging wall
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1825S RPA10-040 2 16 14 0.36 290 Infill
25 78 53 2.08
Including 41 45 4 9.12
Including 59 61 2 6.90
102 105 3 0.50
Hole ended in
122 126 4 0.49 126 mineralization
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1825S RPA10-045 Collared in Zone 1,
0 16 16 1.00 290 mostly footwall
33 39 6 1.07
53 70 17 0.82 126
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1900S RPA10-039 56 59 3 0.78 126 290 Footwall
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1950S RPA10-035 Collared in Zone 1,
0 16 16 0.71 290 mostly footwall
32 43 11 0.31
92 95 3 0.42 126
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1950S RPA10-036 Collared in Zone 1,
2 5 3 0.34 290 mostly footwall
50 76 26 1.97
109 112 3 0.43
122 125 3 1.09 126
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1950S RPA10-037 12 17 5 1.20 290 Footwall
25 28 3 0.72
34 37 3 0.67
67 76 9 0.32 126
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1950S RPA10-038 4 7 3 0.40 290 Footwall
14 17 3 0.52
24 29 5 0.71 126
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2000S RPA10-027 5 10 5 1.86 290 Twin of hole KBD18
53 80 27 0.62
95 109 14 0.68 126
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2000S RPA10-034 Collared in Zone 1,
9 12 3 0.37 290 mostly footwall
25 28 3 1.44
54 57 3 0.32
70 73 3 0.46 126
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Notes:
1) In-fill holes drilled a N290 degree azimuth are perpendicular to
Zone 1 strike
2) In-fill holes drilled in other azimuth are designed to test for
the density of occurrence of mineralized tension gashes
perpendicular to Zone 1 strike
3) Significant drilled intercept have a minimum length of 3m at 0.3
g/t or the product 'Length X Grade' greater than 0.9 g.m/t
4) Up to 5m of horizontal 'waste' included within mineralized
intercept
As reported in the Company's press release of November 04, 2010, 'Since 2009, AGG has used Leachwell analysis with a 2-kg aliquot which significantly reduces the 'nugget effect' previously encountered with the 50-g fire assay technique. In-fill holes have confirmed the width of the mineralization and Leachwell increased the continuity of the mineralization in the northern portion of the resource block. In addition, Leachwell has increased the grade of the mineralization, especially at low cutoff grades.
Re-logging of 2006 and 2007 AGG diamond drill cores indicated the presence of a significant amount of tension gashes perpendicular to the strike of Zone 1. Holes at an azimuth of N015 degrees and N0195 degrees were drilled to test the frequency of occurrence of the tension gashes and their grade. Quantification of the tension gashes could lead to an increase of mineralized tonnage,' reports AGG Director, Pierre Lalande, P. Geo.
Under the guidelines of National Instrument 43-101, the qualified person for the Kobada Gold Project is Mr. Pierre Lalande, P. Geo. Mr. Lalande is a member of the Association of Professional Geoscientists of Ontario and has reviewed and approved the contents of this news release.
Sampling - QA/QC Program
RC cuttings are recovered at the bottom outlet of the RC rig cyclone into 50-kg capacity poly-weave bags to recover the cuttings from each 1 meter of drill penetration. Each one meter sample weighs an average of approximately 19 to 23 kg. Each sample is passed through a 3-tier Jones Riffler (1 to 8 split), the samples are riffled twice to obtain from 3 to 5 kg of cuttings which are put in a numbered sample bag. Each bag is sealed and dispatched to the ALS Chemex laboratory located in Burkina Faso. The remaining 14 to 18 kg of cuttings (field rejects) are stored in camp under tarps to protect the bags against the elements.
Original samples are analyzed using Leachwell on 2 kg of pulp. Leachwell is a bottle roll cyanidation procedure with the addition of a catalyst to speed up gold dissolution. A QA/QC program is in place and includes: blank (1 in 20 samples), duplicates (1 in 20), standards (1 in 20), external lab checks (1 in 30) and two different analytical procedures check (1 in 100).
African Gold Group, Inc., based in Toronto, Canada, is engaged in the identification, acquisition and exploration of prospective gold projects that are situated along significant gold trends within West Africa. To date, the Company controls a total of twelve gold concessions that are consolidated in five distinct standalone exploration projects, of which three projects are located in Ghana and the remaining two are located in Mali, West Africa.
Additional Information is available on the Company's website at www.africangoldgroup.com and on www.sedar.com and through the Company's offices at: Sun Life Financial Tower, Suite 2518, 150 King St. West, Toronto, Canada M5H 1J9.
On Behalf of the Board:
Michael A. J. Nikiforuk, President, Director
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
African Gold Group, Inc.
Michael A. J. Nikiforuk
(416) 644-8892 ext 101
info@africangoldgroup.com
www.africangoldgroup.com