African Gold Group Resumes Drilling at Kobada, Focused on Significant Increase and Upgrade of 43-101 Resource as Part of Feasibility Study

 

African Gold Group, Inc., (TSX-V: AGG.V; OTC Other: AGGFF) announced today that drilling has resumed and is well underway at the Company’s Kobada, Mali gold project. Post rainy season drilling, commencing November 2011, through to July 2012, is referred to as the 2012 drill campaign. The 2011 drill campaign, commencing November 2010 through to July 2011, focused 100% on step-out exploration drilling along strike, to the north and south of the Zone 1, 43-101 deposit. In addition, 2011 step-out drilling also tested off trend targets that resulted in the announcement of the discovery of new gold zones located at Foroko North (4.3 km north of Zone 1 deposit), The Termite Zone (1.5 km south-east of Zone 1 deposit) and the Gosso Zone (5 km east of Zone 1 deposit).

AGG’s 2012 drill program is focused on achieving two primary goals that pertain to the completion and submission of a positive Feasibility Study for the Kobada (Mali) gold project:

1.  Increase the strike length of the 43-101 Zone 1 deposit from 1.7
    kilometers (contained within Section 1100S – 2800S) to 3.15 kilometers
    of strike length (contained within Section 650S – 3800S), representing a
    potential 185% increase in (relative) strike length.

2.  Upgrade the classification of the 43-101 resource from the Inferred
    category to the Indicated category as a result of drilling on a 50 meter
    x 50 meter grid, from Section 650S through to Section 3800S (3.15
    kilometers of strike).

Read More

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: