African Gold Group Inc. (AGG.V)
African Gold Group Inc. is a Canadian based gold exploration and development company holding 12 highly prospective gold concessions that are consolidated in 5 distinct standalone projects. Three of the projects are located in Ghana and two of the projects are situated in Mali, West Africa.
Overview
The Company’s most advanced asset is its Kobada (Mali) gold project. Kobada is located in the Kangaba region of south-west Mali and consists of 3 contiguous concessions – Kobada, Foroko & Acoma – that collectively comprise a 216 sq km footprint. In May, 2008, AGG filed its initial National Instrument 43-101 compliant Mineral Resources estimate for “Zone 1” of the Kobada Gold Project on SEDAR. The initial resources estimate was completed by Watts, Griffis and McOuat Limited (WGM), an international, Canadian based, consulting group. In summary, WGM estimates that “Zone 1” of the Kobada deposit, representing approximately 10% of the overall (12 km) Kobada Trend, as outlined in 2008, contains an Inferred Mineral Resource of 740,000 ounces of gold at a 0.3 g/t Au cutoff.
AGG’s current Kobada work program commenced in February, 2010. This program consists of an objective of drilling 25,000 meters of predominantly RC holes (approx. 60% Zone 1 infill from surface to approx. 100 vertical meters and approx. 40% “Blue-Sky” step-out holes), a high resolution airborne magnetic and radiometric survey of the entire 216 sq km footprint, flown on lines spaced 50 meters apart at an altitude of 30 meters and regional geochem to investigate structural targets generated from the airborne survey. The collective objective of the 2010 program has a twofold focus: 1) surpassing the strategically important 1,000,000 oz Au threshold; 2) demonstrating Kobada’s potential to grow to a multi-million oz Au project via the successful testing of multiple Blue-Sky step-out targets along strike and parallel to strike.
Head Office
African Gold Group, Inc.
Sun Life Financial Tower
Suite 2518, 150 King Street West
Toronto, Canada M5H 1J9
Phone: +1(416) 572-2252
Fax: +1(416) 572-4107
Contact
Michael A. J. Nikiforuk
Tel: 416-644-8892 xt 101
Subsidiary Office
AGG (Ghana) Limited
No. 10, Soula Loop
North Labone, Accra
Ghana
Contact
Kwame Opoku, Senior Geologist, Ghana
Phone: +233 (21) 760-543
Directors
Michael A.J. Nikiforuk
Marco J. Durante
David S. Brown
Jean-Jacques Lefebvre
Pierre Lalande
Officers
Michael A.J. Nikiforuk – President, DirectorMarco Durante – Vice President, Corporate Secretary, Director
Jaimie Macpherson, Chief Financial Officer