African Gold Group, Inc.
TSX VENTURE : AGG

African Gold Group, Inc.

November 10, 2010 09:02 ET

African Gold Group, Inc. Intercepts 53 Meters of 2.08 g/t Au-Hole Ends in Mineralization-and 90 Meters of 0.91 g/t Au from Surface, at Kobada, Mali

TORONTO, ONTARIO--(Marketwire - Nov. 10, 2010) - African Gold Group, Inc., ("AGG" or the "Company") (TSX VENTURE:AGG) is pleased to report the analytical results for 23 near surface (oxide) reverse circulation ("RC") drill holes from AGG's Kobada, Mali gold project.

Near Surface (Oxide) Drill Highlights Include:

RPA10-040: 53 m @ 2.08 g/t Au, including 4 m @ 9.12 g/t Au, Ended In Mineralization
RPA10-052A: 90 m @ 0.91 g/t Au
RPA10-055: 16 m @ 1.71 g/t Au and 36 m @ 1.34 g/t Au
RPA10-036: 26 m @ 1.97 g/t Au
RPA10-052C: 41 m @ 1.03 g/t Au
RPA10-043: 26 m @ 1.42 g/t Au

Table 1 below depicts significant intercepts in 22 of 23 holes being reported in this release. A total of 13 of the 23 holes were drilled into the hanging wall or the footwall of the deposit. These 13 holes have succeeded in identifying the lateral limits, or footwall and hanging wall (respectively to the west and east) of the mineralized envelope and will assist in calculating the volume of ore contained within the mineralized structural corridor.

"We feel confident that our 2010 drill program has achieved a twofold success in that we have succeeded in defining the width of mineralization within Zone 1 but also and of great importance, we believe this program has considerably improved both the tonnage and grade of the deposit at Kobada, Mali," states Kevin Downing, Ph.D., Senior Structural Geologist.

A drill hole location map and select cross sections can be viewed at www.africangoldgroup.com.

TABLE 1
 
Section Hole
ID
From
(m)
To
(m)
L
(m)
Au
(g/t)
EOH
(m)
Deg.
(TN)
Hole
objective
1750S RPA10-055 1 4 3 0.41   290  
    19 35 16 1.71     Delineation
    42 61 19 0.57      
    88 124 36 1.34 126    
1775S RPA10-041 72 75 3 0.45   290 Hanging wall
    113 125 12 0.35 126    
1775S RPA10-042 0 3 3 0.91   290 Hanging wall, ending in Zone 1
    46 49 3 0.34      
    83 86 3 0.59      
    95 98 3 0.30      
    103 106 3 4.64      
1775S Including 105 106 1 13.07 126    
1775S RPA10-044 20 23 3 0.35   290 Hanging wall, ending in Zone 1
    42 54 12 0.45      
    68 71 3 0.39      
    105 126 21 0.35 126   Hole ended in mineralization
1775S RPA10-046 8 11 3 0.36   290 Hanging wall, ending in Zone 1
    22 25 3 0.44      
    70 74 4 0.53      
    96 99 3 0.68      
    111 125 14 0.85 125    
1775S RPA10-047 0 7 7 0.33   290 Mostly infill
    28 44 16 0.96      
    55 70 15 1.05      
    95 108 13 1.38      
    113 116 3 0.40 126    
1775S RPA10-050A 0 6 6 0.60   290 Infill drilling
    7 13 6 0.21      
    19 28 9 0.93      
    41 60 19 0.69      
    72 75 3 0.58      
    83 97 14 1.12      
    106 120 14 0.36 125    
1775S RPA10-052 3 36 33 0.68   290 Collared in Zone 1, ends in hanging wall
1775S RPA10-052 66 71 5 0.82      
1775S RPA10-052 108 114 6 0.88 125    
1775S RPA10-052C 2 9 7 0.91   15 Infill
    15 32 17 0.63      
    40 51 11 0.36      
    82 123 41 1.03 125    
1775S RPA10-052A 1 91 90 0.91   195 Infill
    114 122 8 0.41 124    
1775S RPA10-052B 2 29 27 0.90   110 Infill
    46 63 17 0.64      
    115 123 8 0.83 125    
1775S RPA10-056A 0 14 14 1.09      
    27 37 10 0.51      
    51 61 10 0.61      
1800S RPA10-043 13 32 19 0.75   290 Infill
    45 71 26 1.42      
  Including 48 49 1 18.36      
    84 96 12 0.95      
    102 123 21 0.61 126    
1800S RPA10-051 0 12 12 0.91 126 290 Definition ending in hanging wall
1825S RPA10-040 2 16 14 0.36   290 Infill
    25 78 53 2.08      
  Including 41 45 4 9.12      
  Including 59 61 2 6.90      
    102 105 3 0.50      
    122 126 4 0.49 126   Hole ended in mineralization
1825S RPA10-045 0 16 16 1.00   290 Collared in Zone 1, mostly footwall
    33 39 6 1.07      
    53 70 17 0.82 126    
1900S RPA10-039 56 59 3 0.78 126 290 Footwall
1950S RPA10-035 0 16 16 0.71   290 Collared in Zone 1, mostly footwall
    32 43 11 0.31      
    92 95 3 0.42 126    
1950S RPA10-036 2 5 3 0.34   290 Collared in Zone 1, mostly footwall
    50 76 26 1.97      
    109 112 3 0.43      
    122 125 3 1.09 126    
1950S RPA10-037 12 17 5 1.20   290 Footwall
    25 28 3 0.72      
    34 37 3 0.67      
    67 76 9 0.32 126    
1950S RPA10-038 4 7 3 0.40   290 Footwall
    14 17 3 0.52      
    24 29 5 0.71 126    
2000S RPA10-027 5 10 5 1.86   290 Twin of hole KBD18
    53 80 27 0.62      
    95 109 14 0.68 126    
2000S RPA10-034 9 12 3 0.37   290 Collared in Zone 1, mostly footwall
    25 28 3 1.44      
    54 57 3 0.32      
    70 73 3 0.46 126    
     
     
Notes:    
     
  1) In-fill holes drilled a N290 degree 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 intercept 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

 

As reported in the Company's press release of November 04, 2010, "Since 2009, AGG has used Leachwell analysis with a 2-kg aliquot which significantly reduces the "nugget effect" previously encountered with the 50-g fire assay technique. In-fill holes have confirmed the width of the mineralization and Leachwell increased the continuity of the mineralization in the northern portion of the resource block. In addition, Leachwell has increased the grade of the mineralization, especially at low cutoff grades.

Re-logging of 2006 and 2007 AGG diamond drill cores indicated the presence of a significant amount of tension gashes perpendicular to the strike of Zone 1. Holes at an azimuth of N015°and N0195° were drilled to test the frequency of occurrence of the tension gashes and their grade. Quantification of the tension gashes could lead to an increase of mineralized tonnage," reports AGG Director, Pierre Lalande, P. Geo.

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 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 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.

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