Thom Calandra on African Gold Group

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.

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