African Gold Triples Strike Length of Key Oxide Gold Zone in Mali

HALIFAX, NS – As part of an extensive step-out drilling campaign, African Gold Group (TSX: AGG) continues to hit significant gold intercepts in near surface oxides beyond the boundaries of its Zone 1 resource estimate at its Kobada project in Mali.

So far this year African Gold has collared all its drillholes beyond Zone 1 where it has sketched out a 740,000-ounce-gold inferred resource in a deposit that snakes along a 1.1 kilometre strike length and lies within 100 metres or so of surface.

African Gold stretched the farthest yet with step-outs to the north, where in early April it reported hitting gold mineralization in four drill-targeted clusters up to two kilometers to the northeast of Zone 1. About 300 metres beyond the resource area, for example, African Gold hit one of its longer intercepts with 107 metres @ 0.60 g/t gold.

Some of the higher grade intercepts came from big step-outs, such as 3 metres @ 42.4 g/t Au in hole 8.

Since extending mineralized strike length beyond Zone 1’s resource area to the north, African Gold now reports another round of drilling results from step-outs to the south. These extend mineralization 200 metres south of Zone 1 with intercepts consistent with depth and grade African Gold has drilled in the nearby resource area. Hole 29, for example, hit 96 metres @ 1.35 g/t Au.

Putting the step-out progress in perspective, African Gold notes, “In essence, our Zone 1 mineralized strike length currently extends over 3,300 meters and remains open in both directions along strike and at depth.”

As well, more extensions could yet come. While African Gold has marched farther north than it has to the south, its southern drill rigs appear poised to start catching-up. African Gold reported it was drilling at 100 metre increments to the south, as far as 1.2 kilometres of its inferred resource.

Furthermore, beyond Zone 1, African Gold is drilling a number of other targets including Foroko North, which African Gold discovered last year about four kilometres north of Zone 1 when it drilled as much as 53 metres @ 1.33 g/t Au.

The chief aim of the expansion program is to reach a resource of two million ounce gold. Ultimately, African Gold sees an open-pit mine operating at Kobada. “We envision both a low capital and operating cost operation with bulk open pit mining and gravity alone gold recovery,” African Gold states.

Full Article by Kip Keen


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