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Message: African Gold Group, Inc. Step Out Hole Intercepts 48 Meters of 1.28 g/t Au at
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New Discovery Zone-Infill Hole Intercepts 86 Meters of 0.8 g/t Au, Both Near Surface, at Kobada, Mali
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TORONTO, ONTARIO, Jan. 13, 2011 (Marketwire) --
.
African Gold Group, Inc., (TSX VENTURE:AGG) ("AGG" or the "Company") is pleased to report the analytical results for 19 near surface (oxide) drill holes. Four holes comprise diamond drill holes, the balance of 15 holes were reverse circulation (RC) drill holes. Eleven of 19 holes were drilled into the hanging wall or foot wall, with the intent of defining the east-west lateral extent of the mineralized structural corridor that contains the Zone 1 deposit. Seven holes consisted of definition drilling and one hole was drilled at azimuth 195 degrees to test the east-west tension gashes. The infill drill holes reported in this release concludes the reporting of infill drill holes generated from the 2010 drill program.
Near Surface (Oxide) Drill Highlights Include:
-- RPA10-13: 86 m @ 0.8 g/t Au
-- RPA10-15A: 47 m @ 1.15 g/t Au, incl 1 m @ 16.99 g/t Au
-- RPA10-15: 28 m @ 1.18 g/t Au, Hole Ended In Mineralization @ 102 m
-- KBD10-104: 15.5 m @ 2.08 g/t Au
-- RPA10-28: 34 m @ 0.93 g/t Au
-- RPA10-21: 33 m @ 0.76 g/t Au, Hole Ended In Mineralization @ 126 m
The assay results depicting the 19 near surface (oxide) infill holes drilled within Zone 1 are listed in Table 1 below:
TABLE 1
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Hole From To L Au EOH Degrees Hole
Section ID (m) (m) (m) (g/t) (m) TN objective
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Zone 1 testing
2350S RPA10-015A 0 48 48 0.69 144 195 tension gashes
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2350S RPA10-013 0 4 4 0.60 290 Definition
13 99 86 0.80 102
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2350S RPA10-012 30 77 47 1.15 290 Definition
including 35 36 1 12.51
including 44 45 1 16.99 114
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Definition
ending in
2400S RPA10-015 0 28 28 1.18 190 hanging wall
39 52 13 0.60
Ended In
67 102 35 1.06 102 Mineralization
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Collared in
hanging wall,
2050S RPA10-026 1 43 42 0.36 290 ends in Zone 1
54 58 4 0.46
82 85 3 0.30
101 116 15 0.41 126
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Collared in
hanging wall,
2050S RPA10-028 10 44 34 0.93 290 ends in Zone 1
70 84 14 0.88 126
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Collared in
hanging wall
ends in
2050S RPA10-029 0 27 27 0.53 290 footwall
64 67 3 0.31 121
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Collared in
Zone 1, mostly
2050S RPA10-030 0 3 3 0.44 290 footwall
25 28 3 0.90 126
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Collared in
Zone 1, mostly
2050S RPA10-031 0 6 6 2.15 126 290 footwall
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Collared in
Zone 1, mostly
2050S RPA10-032 111 120 9 0.32 126 290 footwall
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Collared in
Zone 1, mostly
2050S RPA10-033 8 11 3 0.40 290 footwall
37 69 32 0.57
86 90 4 1.13
99 102 3 0.50 126
--------------------------------------------------------------------------
2100S RPA10-024 17 39 22 0.52 290 Zone 1
70 73 3 0.33
90 93 3 0.49
115 118 3 0.49 126
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Definition and
testing tension
2100S KBD10-102 0 17.8 18 0.59 17 gashes
49.4 52.6 3.2 0.99 92
81.5 84.9 3.4 0.69
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Definition and
testing tension
2100S KBD10-103 0 5.5 5.5 0.49 17 gashes
24 28.5 4.5 0.90
49.8 56.1 6.3 0.50 101
--------------------------------------------------------------------------
Definition and
testing tension
2100S KBD10-104 0 15.5 15.5 2.08 17 gashes
29.1 41.4 12 0.67
Ended In
62 114 52 0.58 114 Mineralization
--------------------------------------------------------------------------
Definition and
testing tension
2100S KBD10-105 0 2.5 2.5 0.32 17 gashes
8.5 34 26 0.58
47 64.3 17.3 0.78
74.4 78 3.6 0.29
90.7 115 24 0.69 120
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Mostly footwall
2150S RPA10-023 0 4 4 2.62 290 of Zone 1
20 23 3 0.33
110 113 3 0.34 126
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Footwall of
2150S RPA10-025 100 104 4 0.55 126 290 Zone 1
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Definition
ending in
2150S RPA10-021 0 4 4 0.35 290 hanging wall
10 27 17 0.40
43 48 5 0.38
68 101 33 0.76
Ended In
120 126 6 0.44 126 Mineralization
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Notes:
1)In-fill holes drilled a N290 degrees azimuth are perpendicular to Zone 1
strike
2)In-fill holes drilled in other azimuth are designed to test for the
density of occurrence of mineralized tension gashes perpendicular to
Zone 1 strike
3)Significant drilled intercepts have a minimum length of 3m at 0.3 g/t or
the product "Length X Grade" greater than 0.9 g.m/t
4)Up to 5m of horizontal "waste" included within mineralized intercept
STEP OUT HOLE KBRC10-059 EXTENDS GOLD MINERALIZATION TO 1.2 KM AT FOROKO NORTH DISCOVERY ZONE
On October 14, 2010 the Company reported that step-out drilling yielded the discovery of a new gold zone, located 4.3 km north-east of the most northerly section of the Zone 1 deposit. This new zone of extensive gold mineralization is located in a distinct structural setting and emanates from AGG's Foroko concession. The Foroko concession is contiguous with AGG's Kobada concession, on Kobada's eastern boundary and projects north into the northeastern section of the Kobada concession. The Foroko north structure is oriented in a North/South (N-S) direction as distinct from the Kobada structure, which is oriented at north 20 degrees east.
To view "Foroko N 2nd PR Plan Map", please visit the following link:
http://media3.marketwire.com/docs/AFGmap.pdf
Near Surface (Oxide) Drill Highlights From Foroko North Step-Out Holes Include:
-- KBRC10-034: 23m @ 2.10 g/t Au
-- KBRC10-037: 10m @ 0.92 g/t Au
-- KBRC10-038: 53m @ 1.33 g/t Au and 9m @ 5.78 g/t Au, includes 1m @ 46.86
g/t Au
-- KBRC10-047: 16m @ 0.91 and 62m @ 1.04 g/t Au
The initial reporting of the Foroko North discovery zone resulted in gold mineralization intercepted over 600 meters of strike length as represented by KBRC10-032, collared 600 meters north of KBRC10-048.
The Company is pleased to report that discovery hole KBRC10-059 has intercepted 48 meters at 1.28 g/t Au, including 1 meter at 12.72 g/t Au. Of great significance is the fact that this discovery hole is located 600 meters south of hole KBRC10-048, the most southerly hole reported on October 14, 2010, as mentioned above (see plan map).
The assay results depicting the 10 near surface (oxide) RC holes drilled within the Foroko North new discovery zone are listed in Table 2 below:
TABLE 2
----------------------------------------------------------------------------
Hole From To L Au EOH Degrees Hole
Target Section ID (m) (m) (m) (g/t) (m) TN objective
----------------------------------------------------------------------------
Testing
Artisanal
Diggings &
Foroko N 1960N KBRC10-059 41 44 3 0.88 180 Structure
Hole ended
in
Mineraliza-
1960N KBRC10-059 54 102 48 1.28 102 tion @ 102 m
1960N including 54 55 1 12.72
----------------------------------------------------------------------------
Testing
Artisanal
Diggings &
Foroko N 1990N KBRC10-058 5 8 3 3.51 180 Structure
1990N KBRC10-058 33 36 3 0.58
1990N KBRC10-058 58 61 3 0.30
1990N KBRC10-058 71 82 12 0.82
Ended in
Mineraliza-
1990N KBRC10-058 105 108 3 0.49 108 tion @ 108 M
----------------------------------------------------------------------------
Testing
Artisanal
Diggings &
Foroko N 2060N KBRC10-057 64 71 7 0.68 108 Structure
----------------------------------------------------------------------------
Testing
Artisanal
Diggings &
Foroko N 2080N KBRC10-052 31 34 3 0.34 180 Structure
2080N KBRC10-052 42 52 10 0.37 108
----------------------------------------------------------------------------
Testing
Artisanal
Diggings &
Foroko N 2120N KBRC10-051 14 18 4 0.68 180 Structure
2120N KBRC10-051 34 37 3 0.38
2120N KBRC10-051 81 84 3 1.07
2120N KBRC10-051 100 103 3 0.33 108
----------------------------------------------------------------------------
Testing
Artisanal
Diggings &
Foroko N 2175N KBRC10-050 11 33 22 0.59 180 Structure
2175N KBRC10-050 100 103 3 0.34 108
----------------------------------------------------------------------------
Testing
Artisanal
Diggings &
Foroko N 2225N KBRC10-049 5 10 5 0.71 180 Structure
2225N KBRC10-049 55 68 13 1.55
2225N including 56 57 1 17.25 108
----------------------------------------------------------------------------
No
Significant
KBRC10-54- Mineraliza-
Foroko N 56 tion
----------------------------------------------------------------------------
"AGG is most encouraged by the results of discovery hole KBRC10-059 and the positive impact of this drill hole on expanding the mineralized strike length of the Foroko North structure from 600 meters to 1.2 km, to date. Ground reconnaissance initiatives, conducted by AGG Geologists demonstrate the Foroko North structure measures approximately 4 km in length. Drilling to date has tested approximately 30% of this structure. We therefore remain optimistic that 2011 drilling holds the potential to significantly increase the strike length of the mineralized envelope contained within this structure," states AGG President, Michael A. Nikiforuk.
Foroko North Observations
The Foroko North structure is marked by a 2 km long N-S zone of contiguous ancient orpaillage workings which have resulted in collapse zones in the duricrust averaging 50 meters in width with areas up to 100 meters wide. The investigation of certain of the workings, that have not collapsed, reveals that the artisanal mining was to depths of approximately 6 meters and mining was exclusively within the mottle zone (saprolite devoid of structure) of the laterite weathering profile. To the north of this zone there is an additional 3 km of sporadic NNE oriented ancient and modern orpaillage activity that extends onto the Chakabougou airborne geophysical anomaly that is located in the northern region of AGG's Acoma license. (see AGG press release - Aug. 10, 2010).
Exploration Drilling Intercepts Significant Gold Mineralization At Foroko South Zone
The Company is pleased to report that a distinct drill target that is located approximately 1.5 km north-east of the most northern section of the Zone 1 deposit and approximately 2 km south-west of Foroko North was drill tested as part of the 2010 step-out exploration drill program. At present, AGG geologists are certain that this target is neither the southern extension of Foroko North and clearly not the northern extension of the Zone 1 deposit.
A total of 6 holes were drilled off two separate drill pads (see inset of Location Map) to test this region of extensive artisanal mining that AGG has named the Foroko South region. The extensive artisanal mining consists of a series of pit/shaft lines that are spaced approximately five meters apart over a distance of approximately 1.2 kilometers. Artisanal miners have dug approximately 15 shafts spaced approximately three meters apart on each line over the 1.2 km distance. Each of the manually dug shafts measure approximately five meters deep.
The Company is pleased to report that two of the six holes encountered significant gold mineralization. The assay results depicting the two near surface (oxide) RC holes drilled within the Foroko South region are listed in Table 3 below:
TABLE 3
----------------------------------------------------------------------------
Hole From To L Au EOH Degrees Hole
Section ID (m) (m) (m) (g/t) (m) TN Objective
----------------------------------------------------------------------------
Foroko Testing Artisanal
South KBRC10-069 1 11 10 0.90 Diggings
26 29 3 1.29
47 50 3 0.31
Hole Ended In
84 93 9 0.45 93 Mineralization @ 93 m
----------------------------------------------------------------------------
Foroko Testing Artisanal
South KBRC10-070 0 3 3 0.51 Diggings
25 35 10 0.36
42 47 5 0.33
54 63 9 0.37 90
----------------------------------------------------------------------------
AGG will continue to investigate the potential of the newly discovered Foroko South region as part of the 30,000 meter 2011 drill program.
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.
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 meter 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).
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 eleven 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 www.africangoldgroup.com and on www.sedar.com and through the Company's offices at: Sun Life Financial Tower, Suite 2518, 150 King St. West, Toronto, Canada M5H 1J9
On Behalf of the Board:
Michael A. J. Nikiforuk, President, Director
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
African Gold Group, Inc.
(416) 644-8892 ext 101
[email protected]
www.africangoldgroup.com
Source: Marketwire Canada (January 13, 2011 - 9:02 AM EST)
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