Below is an excerpt from Thom Calandra’s article entitled, “Stepping Out for Aggressive Gold Discoveries.” Thom recently returned from a lengthy trip to West Africa, during which he visited several properties including a return trip to African Gold Group’s (OTC Other: AFFGG; TSX-V: AGG) Kobada property in Mali. As a result of that trip and following today’s news release (African Gold Group, Inc. Southern Step Out Hole Intercepts 96 Meters of 1.35 g/t Au from Surface, Ends in Mineralization at Kobada, Mali), Thom’s commentary can be found below.
TALKING MY OWN BOOK: Finally, of companies that I have covered and visited and whose shares I own, this one, African Gold Group (TSX: V.AGG, Stock Forum), just reported stepouts in the southern zone of its Mali project. See release. And a robust intercept map. (One section, 190E, pictured here, just below.)
I was just at Kobada a week ago. The heavy rains were just starting. This latest stepout within the oxide material of the rock extends the known gold zone at Kobada by about 200 meters. I am biased here, as I own the stock and have been to Kobada twice. AGG is also a client of the investor outreach firm I am associated with (see below).
The thing about AGG’s intent in its stepping out at 740,000-ounce Kobada is how focused the team there is on one goal. Pierre Lalande and Kevin Downing, the two lead geologists there, have drilled one thing into my noggin. “This is all about showing that we have a resource here of at least two million ounces gold,” Dr. Downing, trained in England, told me last week in a tour. Kevin Downing and Pierre Lalande’s trenching, drilling, auguring and geophysical workout on the vast property, including Leachwell bottle-rolls and termite-mounding, are intensive.
The work at Kobada is advanced, as they say in the prospecting business. I am down about 50 percent on the price I paid for my AGG shares in February and March. Based on these current assays, all reverse-circulation, I hope to purchase more shares. So you see, I still care.
Thom Steps Out: I am adding professional outreach for natural resources companies to my log. I will continue to write free articles like this one for Stockhouse and its nearly one million users. Here is the press release about my new gambit: Thom & Torrey Hills Capital.
VANCOUVER: I WILL BE SPEAKING AT Joe Martin’s Cambridge House show this coming weekend. My talk is on Monday June 6 at 8:30 a.m. I’ll be looking at West Africa ideas and images.
Want to find undervalued stocks first? Subscribe to Ticker Trax™.
- See how Ticker Trax can help you find the next big stock
More on Thom Calandra
- Read more of Thom Calandra’s Stockhouse articles
- Find out more about Thom Calandra
- For an explanation of Ticker Trax and Stockhouse reports research methods and disclosure procedures, please see: Stockhouse articles – Core Box Revealed. Companies whose site tours we attend for research purposes pay part or all of airfare and hotel.
Ticker Trax™ is published by Stockhouse Publishing Ltd. Ticker Trax is an information service for subscribers and neither Stockhouse nor any Ticker Trax contributors are brokers or an investment advisors. None of the information contained therein constitutes a recommendation by Stockhouse or any Ticker Trax contributors or that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. Ticker Trax does not purport to tell or suggest the investment securities subscribers or readers should buy or sell for themselves. Subscribers and readers of Ticker Trax should conduct their own research and due diligence and obtain professional advice before making any investment decisions. Ticker Trax will not be liable for any loss or damage caused by a reader’s reliance on information obtained in the reports. Subscribers and readers are solely responsible for their own investment decisions. Opinions expressed in Ticker Trax are based on sources believed to be reliable and are written in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy or completeness. All information contained in Ticker Trax should be independently verified. The editor and publisher are not responsible for errors or omissions or responsible for keeping information up to date or for correcting any past information. Ticker Trax and any Ticker Trax contributors do not receive from any companies that may be mentioned in Ticker Trax. Some of those companies are advertisers or clients of Stockhouse, the publisher. The mentioned companies may have been at one time a preferred client of Stockhouse for investment relations, marketing and other commercial but not editorial services, which are never guaranteed. Any opinions expressed are subject to change without notice. Owners, employees and writers may hold positions in the securities that are discussed in Ticker Trax. PLEASE DO NOT EMAIL SEEKING PERSONALIZED INVESTMENT ADVICE. Copyright 2011 all rights reserved.