African Gold Group: KBRC11-025 Hits 10 m of 5.7 g/t Au & 15 m of 4.79 g/t Au; KBRC11-008 Hits 3 m of 42.4 g/t Au; KBRC11-001 Hits 3 m of 29.7 g/t Au in North, Near Surface, Step Outs at Kobada
07.04.2011 | Marketwired
TORONTO, ONTARIO -- (Marketwire) -- 04/07/11 -- African Gold Group, Inc., ('AGG' or the 'Company') AGG is pleased to report the analytical results for 27 near surface (oxide), reverse circulation (RC), step out drill holes. All 27 step out RC drill holes being reported in this release were drilled to the north of the Zone 1 deposit that contains a 43-101 resource of 740,000 ozs Au at an average grade of 1.25 g/t Au at a 0.3 g/t Au cutoff.
The 27 northern step out holes were grouped in four distinct regions, north of the Zone 1 deposit. The cluster of northern step out holes drilled closest to the Zone 1 deposit were collared approximately 400 meters north of the 43-101 resource. Moving north, the second cluster of northern step out holes measured approximately 1,100 meters north of the 43-101 resource. Continuing north, the third cluster of step out holes are located approximately 1,500 meters north of the 43-101 resource and the remaining cluster, representing the most northerly step-out holes measured approximately 2,000 meters north of the 43-101 resource. Please activate the link to view a plan map illustrating the northern step out drill collar locations and trace of the step out holes.
http://media3.marketwire.com/docs/agg0406planmap.pdf
Near Surface (Oxide) Drill Highlights Include:
KBRC11-025: 10 m at 5.7 g/t Au, incl 1 m at 25.45 g/t Au and 1 m at 19.06
g/t Au
and
15 m at 4.79 g/t Au, incl 2 m at 30.80 g/t Au, ended in
mineralization
KBRC11-026: 45 m at 1.21 g/t Au, incl 1 m at 16.2 g/t Au and 1 m at 15.6
g/t Au
KBRC11-024: 10 m at 2.18 g/t Au
KBRC11-023: 73 m at 0.75 g/t Au, incl 1 m at 18.9 g/t Au, ended in
mineralization
KBRC11-019: 34 m at 2.08 g/t Au, incl 1 m at 45.8 g/t Au
KBRC11-020: 107 m at 0.60 g/t Au
KBRC11-016: 15 m at 1.61 g/t Au
and
10 m at 2.38 g/t Au, incl 1 m at 20.86 g/t Au
KBRC11-012: 8 m at 6.23 g/t Au, incl 1 m at 47.34 g/t Au
KBRC11-005: 3 m at 19.6 g/t Au
KBRC11-007: 6 m at 3.02 g/t Au
KBRC11-008: 3 m at 42.4 g/t Au
KBRC11-001: 3 m at 29.7 g/t Au
The assay results depicting the 27 near surface (oxide) northern step out RC holes are listed in Table 1 below:
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Hole
Section Hole ID From To Length Au EOH Degrees Objective
(m) (m) (m) (g/t) (m) (tn)
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1200S KBRC11-024 11 21 10 2.18 102 200
29 53 24 0.76 102 200
58 63 5 0.31 102 200 Northern Step Out
70 73 3 0.31 102 200
78 81 3 1.42 102 200
89 93 4 0.32 102 200
95 98 3 0.48 102 200
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KBRC11-025 10 20 10 5.70 114 200
including 11 12 1 25.45 114 200
including 14 15 1 19.06 114 200 Northern Step Out
25 28 3 0.89 114 200 Ended in
37 43 6 1.33 114 200 Mineralization
66 81 15 4.79 114 200 at 114 meters
including 72 74 2 30.80 114 200
92 98 6 0.79 114 200
108 114 6 0.64 114 200
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KBRC11-026 4 11 7 1.14 102 200
24 48 24 0.90 102 200 Northern Step Out
56 101 45 1.21 102 200
including 90 91 1 16.2 102 200
including 99 100 1 15.6 102 200
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1150S KBRC11-021 3 6 3 0.34 120 200
14 17 3 4.49 120 200 Northern Step Out
including 15 16 1 12.9 120 200 Ended in
72 75 3 0.39 120 200 Mineralization
84 98 14 0.83 120 200 at 120 meters
107 120 13 0.68 120 200
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KBRC11-022 8 18 10 0.79 108 200
56 59 3 0.31 108 200 Northern Step Out
65 68 3 0.32 108 200
76 79 3 0.33 108 200
85 97 12 0.44 108 200
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KBRC11-023 3 13 10 1.24 114 200 Northern Step Out
Ended in
41 114 73 0.75 114 200 Mineralization
including 96 97 1 18.9 114 200 at 114 meters
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1100S KBRC11-027 37 42 5 0.44 102 200 Northern Step Out
87 90 3 0.37 102 200
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KBRC11-018 3 9 6 0.38 102 200 Northern Step Out
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KBRC11-019 3 37 34 2.08 132 200
including 9 10 1 45.8 132 200 Northern Step Out
51 67 16 0.41 132 200
89 99 10 0.32 132 200
108 125 17 0.51 132 200
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KBRC11-020 3 17 14 0.53 132 200 Northern Step Out
Ended in
25 132 107 0.60 132 200 Mineralization
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400S KBRC11-015 23 28 5 0.78 102 200 Northern Step Out
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KBRC11-016 3 18 15 1.61 100 200
including 3 4 1 14.14 100 200 Northern Step Out
29 32 3 0.44 100 200
45 65 20 0.46 100 200
75 78 3 0.90 100 200
87 97 10 2.38 100 200
96 97 1 20.86 100 200
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KBRC11-017 7 16 9 0.41 102 200 Northern Step Out
Ended in
60 68 8 0.46 102 200 Mineralization
86 102 16 0.67 102 200 at 102 meters
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350S KBRC11-013 4 7 3 0.31 100 200
30 33 3 0.31 100 200 Northern Step Out
60 63 3 0.59 100 200 Ended in
76 79 3 0.44 100 200 Mineralization
96 100 4 0.36 100 200 at 100 meters
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KBRC11-014 47 78 31 0.75 78 200 Northern Step Out
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000N KBRC11-011 2 5 3 0.31 114 200
44 47 3 0.67 114 200 Northern Step Out
60 65 5 0.78 114 200
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KBRC11-012 7 15 8 0.59 97 200
23 30 7 0.34 97 200 Northern Step Out
41 49 8 6.23 97 200
including 41 42 1 47.34 97 200
65 79 14 0.48 97 200
84 91 7 0.56 97 200
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050N KBRC11-009 28 32 4 0.74 102 200 Northern Step Out
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KBRC11-010 4 8 4 2.43 102 200 Northern Step Out
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350N KBRC11-005 2 5 3 19.6 126 200 Northern Step Out
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KBRC11-006 43 46 3 2.19 100 200 Northern Step Out
69 81 12 0.47 100 200
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KBRC11-007 7 10 3 0.49 100 200
28 31 3 1.96 100 200 Northern Step Out
57 61 4 1.24 100 200
92 98 6 3.02 100 200
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KBRC11-008 58 61 3 42.4 102 200
72 75 3 0.71 102 200 Northern Step Out
94 97 3 1.01 102 200
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400N KBRC11-001 19 22 3 0.41 126 200
121 124 3 29.7 126 200
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KBRC11-002 8 11 3 0.43 120 200
17 20 3 0.33 120 200 Northern Step Out
25 30 5 0.62 120 200
34 37 3 0.37 120 200
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KBRC11-003 7 13 6 1.29 102 200
18 22 4 0.51 102 200 Northern Step Out
33 43 10 0.8 102 200
54 64 10 0.8 102 200
75 88 13 0.57 102 200
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KBRC11-004 No Significant
Mineralization 114 200
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Notes:
1) step out holes drilled at N200 degrees azimuth are perpendicular to
East-West tension gashes
2) 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
3) Up to 5m of horizontal 'waste' included within mineralized intercept
'We are most pleased and encouraged by the results of this very significant step out program along trend to the north of our Zone 1, 43-101 resource. The four areas that we tested measured up to 2,000 meters north of Zone 1 and targeted ancient local gold diggings where artisanal miners have excavated caverns up to 100 meters long by 30 meters wide, just below the duricrust hardpan of the laterite profile. These targets occur within the 4.3 km strike length between the Zone 1 deposit and the Foroko North structure that AGG announced as a new gold discovery zone on October 14, 2010: http://www.africangoldgroup.ca/index.php?option=com_content&view=article&id=167:african-gold-group-inc-step-out-drilling-yields-discovery-of-new-gold-zone-located-43-km-north-o&catid=47:2010&Itemid=162.
The holes located in the 1100S area, represent a step out of 400 meters north of the Zone 1, 43-101 resource. These holes clearly indicate the occurrence of economic grade of near surface oxide mineralization that occurs over widths of at least 80 meters and corresponding vertical depths of up to 100 meters. Future drilling in this region will be focused on linking this mineralization to the 43-101 resource and continue to test its northern extension.
The three more northerly clusters or groupings of step out drilling generated very encouraging mineralized intercepts, especially in the 400N area, almost 2,000 meters north along trend from our Zone 1 deposit where hole KBRC11-003 contained 39 meters of greater than 0.5 g/t Au mineralization. Each of these three northern anomalies is now scheduled for additional drilling in 2011.
We are presently drilling as far as 1,300 meters south of the 43-101 resource and remain optimistic that the combination of our northern and southern step out holes will ultimately result in the significant expansion and growth of our Kobada gold project,' states Dr. Kevin Downing, V. P. Exploration.
Please activate the links to view selected cross sections of drill intercepts.
http://media3.marketwire.com/docs/agg0406section710e.pdf
http://media3.marketwire.com/docs/agg0406section670e.pdf
http://media3.marketwire.com/docs/agg0406section830e.pdf
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 picked up on site by ALS Chemex Laboratories for delivery to its Burkina Faso facilities. 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 checks (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 four distinct stand alone exploration projects. Three of these projects are located in Ghana and one project (Kobada) is 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.
Contacts:
African Gold Group, Inc.
Michael A. J. Nikiforuk
(416) 644-8892 ext 101
info@africangoldgroup.com
www.africangoldgroup.com