African Gold Group, Inc. Step Out Hole Intercepts 48 Meters of 1.28 g/t Au at New Discovery Zone-Infill Hole Intercepts 86 Meters of 0.8 g/t Au, Both Near Surface, at Kobada, Mali


TORONTO, ONTARIO--(Marketwire - Jan. 13, 2011) - 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
 
Section   Hole
ID
  From
(m)
  To
(m)
  L
(m)
  Au
(g/t)
  EOH
(m)
  Degrees
TN
  Hole
objective
2350S   RPA10-015A   0   48   48   0.69   144   195   Zone 1 testing tension gashes
2350S   RPA10-013   0   4   4   0.60       290   Definition
        13   99   86   0.80   102        
2350S   RPA10-012   30   77   47   1.15       290   Definition
    including   35   36   1   12.51            
    including   44   45   1   16.99   114        
2400S   RPA10-015   0   28   28   1.18       190   Definition ending in hanging wall
        39   52   13   0.60            
        67   102   35   1.06   102       Ended In Mineralization
2050S   RPA10-026   1   43   42   0.36       290   Collared in hanging wall, ends in Zone 1
        54   58   4   0.46            
        82   85   3   0.30            
        101   116   15   0.41   126        
2050S   RPA10-028   10   44   34   0.93       290   Collared in hanging wall, ends in Zone 1
        70   84   14   0.88   126        
2050S   RPA10-029   0   27   27   0.53       290   Collared in hanging wall ends in footwall
        64   67   3   0.31   121        
2050S   RPA10-030   0   3   3   0.44       290   Collared in Zone 1, mostly footwall
        25   28   3   0.90   126        
2050S   RPA10-031   0   6   6   2.15   126   290   Collared in Zone 1, mostly footwall
2050S   RPA10-032   111   120   9   0.32   126   290   Collared in Zone 1, mostly footwall
2050S   RPA10-033   8   11   3   0.40       290   Collared in Zone 1, mostly 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        
2100S   KBD10-102   0   17.8   18   0.59       17   Definition and testing tension gashes
        49.4   52.6   3.2   0.99   92        
        81.5   84.9   3.4   0.69            
2100S   KBD10-103   0   5.5   5.5   0.49       17   Definition and testing tension gashes
        24   28.5   4.5   0.90            
        49.8   56.1   6.3   0.50   101        
2100S   KBD10-104   0   15.5   15.5   2.08       17   Definition and testing tension gashes
        29.1   41.4   12   0.67            
        62   114   52   0.58   114       Ended In Mineralization
2100S   KBD10-105   0   2.5   2.5   0.32       17   Definition and testing tension 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        
2150S   RPA10-023   0   4   4   2.62       290   Mostly footwall of Zone 1
        20   23   3   0.33            
        110   113   3   0.34   126        
2150S   RPA10-025   100   104   4   0.55   126   290   Footwall of Zone 1
2150S   RPA10-021   0   4   4   0.35       290   Definition ending in hanging wall
        10   27   17   0.40            
        43   48   5   0.38            
        68   101   33   0.76            
        120   126   6   0.44   126       Ended In Mineralization
 
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         
 
Target   Section   Hole
ID
  From(m)   To
(m)
  L
(m)
  Au
(g/t)
  EOH(m)   Degrees
TN
  Hole
objective
Foroko N   1960N   KBRC10-059   41   44   3   0.88       180   Testing Artisanal Diggings & Structure
    1960N   KBRC10-059   54   102   48   1.28   102       Hole ended in Mineralization @ 102 m
    1960N   including   54   55   1   12.72            
Foroko N   1990N   KBRC10-058   5   8   3   3.51       180   Testing Artisanal Diggings & 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            
    1990N   KBRC10-058   105   108   3   0.49   108       Ended in Mineralization @ 108 M
Foroko N   2060N   KBRC10-057   64   71   7   0.68   108       Testing Artisanal Diggings & Structure
Foroko N   2080N   KBRC10-052   31   34   3   0.34       180   Testing Artisanal Diggings & Structure
    2080N   KBRC10-052   42   52   10   0.37   108        
Foroko N   2120N   KBRC10-051   14   18   4   0.68       180   Testing Artisanal Diggings & 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        
Foroko N   2175N   KBRC10-050   11   33   22   0.59       180   Testing Artisanal Diggings & Structure
    2175N   KBRC10-050   100   103   3   0.34   108        
Foroko N   2225N   KBRC10-049   5   10   5   0.71       180   Testing Artisanal Diggings & Structure
    2225N   KBRC10-049   55   68   13   1.55            
    2225N   including   56   57   1   17.25   108        
Foroko N       KBRC10-54-56                           No Significant Mineralization

"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        
 
Section   Hole
ID
  From(m)   To
(m)
  L
(m)
  Au
(g/t)
  EOH(m)   Degrees
TN
  Hole
Objective
Foroko South   KBRC10-069   1   11   10   0.90           Testing Artisanal Diggings
        26   29   3   1.29            
        47   50   3   0.31            
        84   93   9   0.45   93       Hole Ended In Mineralization @ 93 m
Foroko South   KBRC10-070   0   3   3   0.51           Testing Artisanal 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

Contact Information: African Gold Group, Inc.
Michael A. J. Nikiforuk
(416) 644-8892 ext 101
info@africangoldgroup.com
www.africangoldgroup.com