Focused On Discovering A World Class Gold Deposit
  • Demo Video
  • Private Messages
  • Edit My Profile
  • View/Edit Portfolio

AGORACOM News Flash


AGORACOM WIRE - WEDNESDAY MAY 23RD


LOMIKO METALS - Graphite and Zinc Price Outlook is Favourable Through 2013  Read More 

  • Lomiko owns 100% of the 5,407 Ha Vines Lake Zinc Property and has an agreement to acquire 100% of the Quatre Milles Graphite Property which has recently been expanded to 3,780 Ha.
  • The price for flake graphite is $ 1,500 - 3,000 per tonne depending on flake size and grade.

Lomiko Metals is a *Sponsor  |  Visit the Lomiko Metals HUB 

AGORACOM LAUNCHES FACEBOOK HUB Facebook closes at $34, below IPO price ... Now What?  ... BUY? SELL? GO TO HUB

GOT GRAPHITE? AGORACOM Graphite Stocks Blog Visit Blog

2.46 MILLION OUNCES PGM + GOLD - Pacific North West Capital Corp (TSX:PFN) Read More AGORACOM Twitter: On Palladium Equivalent, PFN  has 3.94M ounce M&I resource http://stks.co/3uSb Anglo Platinum a major shareholder *CLIENT

 

 

Message: African Gold Group, Inc. Drill Hole RPA10-055 Intercepts 16 Meters ....

Agoracom
Rank: [?]
President
Points: [?]
11175
Rating: [?]
Votes: 1 Score: 5.0
  • Currently 5.0/5 Stars.
Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

African Gold Group, Inc. Drill Hole RPA10-055 Intercepts 16 Meters ....

posted on Jun 03, 10 09:28AM

African Gold Group, Inc. Drill Hole RPA10-055 Intercepts 16 Meters Of 1.71 g/t Au & 36 Meters Of 1.34 g/t Au, Includes 9 Meters Of 3.91 g/t Au

TORONTO, CANADA, JUNE 03, 2010 -- African Gold Group, Inc., ("AGG" or the "Company") is pleased to report the analytical results of the first eight Reverse Circulation ("RC") drill holes to be released from the ongoing drill program at the Company's Kobada, Mali gold project.

Near Surface Drill Highlights Include:

RPA10-072: 11 m @ 3.47 g/t Au (hole ended in mineralization)
RPA10-066: 29 m @ 1.20 g/t Au (hole ended in mineralization)
RPA10-055: 16 m @ 1.71 g/t Au and 36 m of 1.34 g/t Au, including 9 m of 3.91 g/t Au
RPA10-054A: 61 m @ 0.69 g/t Au
RPA10-056B: 24 m @ 1.15 g/t Au (hole ended in mineralization)


Hole identification commencing with "RPA" indicate holes that were specified to be drilled by the Company's consulting group, Scott Wilson Roscoe Postle Associates. A total of 68 RPA holes were designated to be drilled within the upper oxide profile of "Zone 1" of the Kobada deposit and all 68 RPA holes have been completed.

To date, the Company is pleased to advise that it has completed drilling for a total of 131 RC holes (of which 68 holes represent the above mentioned RPA holes) for a total of approximately16,464 meters drilled. All holes average approximately 125 meters in length, drilled at -55º and are intended to test gold mineralization within the saprolite profile that averages approximately 100 vertical meters from surface.

The assay results contained within this press release represent the first eight holes (of 131 holes drilled) to be reported from the ongoing program. A total of 25,000 meters of RC drilling, approximating 200 RC drill holes, has been planned for the ongoing work program that is scheduled for completion on or about July 31, 2010.

The drill results from the first eight holes of the ongoing program are listed in Table 1 below:

TABLE 1

Section
Hole ID
From
(m)
To
(m)
Length
(m)
Au
(ppm)
AZIMUTH
(°TN)
Comments
1600S RPA10-071
13
44
31
0.44
200
1600S RPA10-071
72
75
3
0.31
125 meters @ -55°
1600S RPA10-071
79
82
3
0.49
1600S RPA10-071
94
97
3
0.37
1600S RPA10-071
112
115
3
0.35
1600S RPA10-071
122
125
3
0.74
Ended in Mineralization
1600S RPA10-072
3
11
8
0.38
190
1600S RPA10-072
20
24
4
0.32
125 meters @ -55°
1600S RPA10-072
40
51
11
3.47
1600S includes
44
46
2
15.45
1600S RPA10-072
80
92
12
0.86
1600S RPA10-072
101
125
24
0.70
Ended in Mineralization
1650S RPA10-066
1
30
29
1.20
180
1650S RPA10-066
39
42
3
0.46
125 meters @ -55°
1650S RPA10-066
69
73
4
2.22
1650S RPA10-066
90
93
3
0.74
1650S RPA10-066
103
106
3
0.72
1650S RPA10-066
122
125
3
0.36
Ended in Mineralization
1750S RPA10-055
1
4
3
0.41
290
1750S RPA10-055
19
35
16
1.71
126 meters @ -55°
1750S RPA10-055
42
61
19
0.57
1750S RPA10-055
88
124
36
1.34
includes
88
97
9
3.91
1750S includes
93
95
2
8.07
1775S RPA10-050A
0
3
3
1.03
290
1775S RPA10-050A
19
28
9
0.93
125 meters @ -55°
1775S RPA10-050A
41
60
19
0.69
1775S RPA10-050A
72
75
3
0.58
1775S RPA10-050A
83
97
14
1.09
1775S RPA10-050A
113
116
3
0.90
1775S RPA10-054A
0
61
61
0.69
200
126 meters @ -55°
1775S RPA10-056A
0
11
11
1.64
200
1775S RPA10-056A
40
43
3
0.34
126 meters @ -55°
1775S RPA10-056A
62
81
19
0.53
1775S RPA10-056A
94
102
8
1.50
1775S RPA10-056B
0
23
23
0.84
110
1775S RPA10-056B
39
42
3
0.62
126 meters @ -55°
1775S RPA10-056B
55
88
33
0.93
includes
55
79
24
1.15
1775S RPA10-056B
106
126
20
0.91
Ended in Mineralization



Notes

  1. Holes (2) at 290° TN are infill within the 2008 resource estimate and perpendicular to Zone 1 strike
  2. The remaining 6 holes are drilled at various directions to the strike of Zone 1 in an effort to test the intensity of cross-cutting veins (stockwork and tension gashes)
  3. All holes are within Zone 1
  4. Minimum intercept is 3m at 0.3 g/t or the product "Length x Grade" greater than 0.9 g.m/t
  5. Up to 5m of horizontal "waste" within mineralized intercept
  6. Sampling at 1m interval
  7. Results are uncut with results greater than 10 g/t Au shown as "includes"
  8. QA/QC program in place
src="http://www.africangoldgroup.com/i/maps/NR_June02_2010_Map1-sm.jpg" border="0" />
> />Click to enlarge
src="http://www.africangoldgroup.com/i/maps/NR_June02_2010_Map3-sm.jpg" border="0" />
> />Click to enlarge


"This release sets the stage for an unprecedented level of consistent news flowing from our Kobada, Mali gold project. Ideally, we envision reporting Kobada results to our shareholders and the investment community at large throughout the balance of this calendar year and well on into 2011 as we continue with the aggressive development of Kobada and ultimately, Asankrangwa, Ghana, as well," states Michael Nikiforuk, AGG President and Director.

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 metre 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).

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.

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 target="_blank">www.sedar.com and through the Company's offices at: BCE Place, Canada Trust Tower, 27th Floor, 161 Bay Street, Toronto, Canada M5J 2S1

On Behalf of the Board:
Michael A. J. Nikiforuk
President, Director

FOR FURTHER INFORMATION PLEASE CONTACT:
African Gold Group, Inc.
Michael A. J. Nikiforuk
(416) 572-2225
info@africangoldgroup.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

New Message

Please login to post a reply

AGORACOM Quick Tips

AGORACOM 100 - The Top 100 Small Caps ... Find Your Next Investment
Watch
Today's Show
in 00:00:000

President's D.D.

New feature: Hub Presidents can add important links here.