TORONTO, ONTARIO--(Marketwired - Jan. 29, 2014) - African Gold Group, Inc. ("AGG" or the "Company") (TSX VENTURE:AGG) is pleased to report that local artisanal miners have discovered a one kilogram gold nugget at the Company's Kobada, Mali gold project.
AGG geologists, on site at Kobada, Mali, have recorded the UTM coordinates of the discovery at 54591E, 1289982N in the vicinity of Section 800 South of the Zone 1 deposit. Please activate the link to view the Kobada concession map, the location of the discovery of the one kilogram gold nugget and a inset image of the gold nugget: http://media3.marketwire.com/docs/AGG1.jpg
Of note, on February 26, 2008 the Company similarly announced the discovery of a 2.7 Kilogram gold nugget at Kobada, Mali. AGG geologists recorded the UTM coordinates of this discovery at 543261E, 1290951N. Please click on the link to view an image of the 2.7 kilogram gold nugget: http://media3.marketwire.com/docs/AGG2.jpg
While the 1 kilogram nugget was discovered within the Zone 1 deposit, the location of the discovery of the 2.7 kilogram gold nugget is a considerable distance from the site of any work undertaken by AGG and speaks to the general prospective nature of the overall Kobada concession. Please click on the link to view the Kobada concession map and the location of the discovery of the 2.7 kilogram gold nugget: http://media3.marketwire.com/docs/AGG3.jpg
AGG geologists describe both gold nuggets as being "local." These factors are indicative of the nuggets not having travelled very far from their respective points of origin. It is hypothesized that the gold nuggets were weathered out of a quartz-carbonate vein.
"Kobada shares a common characteristic of many established mining districts throughout the West African theater, that being the presence of extensive local artisanal mining. It is this feature or characteristic that has attracted the western miner(s) to the region, to test the depth extent of gold mineralization and in several instances, has resulted in world class mining projects - Syama, Sadiola and Siguri to name a few. The local population have been exploring and mining the Kobada region for hundreds of years and can still find new resources within sight of old workings," states AGG President, Michael A. Nikiforuk.
AGG Interview: Kobada Pilot Plant
AGG President, Michael Nikiforuk and Director, Pierre Lalande recently discussed the initial findings of the Kobada Pilot Plant testing program on a taped video conference hosted by Torrey Hills Capital, an investor relations group that has been engaged by the Company. The (approximate) 40 minute archived telecast of that video conference is now available for viewing at the following link: http://www.screencast.com/t/3bAikajIA
African Gold Group, Inc., based in Toronto, Canada, is fully focused and committed to putting its Kobada, Mali gold project into production.
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
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.