African Gold Group Inc TSXV:AGG announced drill results from the Termite Zone of its Kobada Gold Project in Mali. Assays include 2.7 g/t gold over 12 metres, 1.25 g/t over 8 metres, 9.16 g/t over 3 metres, 0.61 g/t over 26 metres, 0.96 g/t over 9 metres, 0.6 g/t over 15 metres, 0.6 g/t over 30 metres.
President Mike Nikiforuk said, “We are most encouraged with the development potential of the southern region of our Kobada gold project. In addition, our 2010 drill program has confirmed that the most northern region of the Zone 1 deposit remains open along strike. The Termite Zone represents a separate and distinct structure that lies up to 1,500 metres south of and between 300 to 600 metres east of the North 20 degrees East trend of the Zone 1 main gold deposit. At present, our understanding of the Termite Zone region has yet to reach a level from which we can draw conclusions about the ultimate potential of the area. It may be that the mineralization intersected at depth in KBRC10-018 and KBRC10-026 are connected, as low angle veins have also been observed in Zone 1. If this is the case, we may be at the north end of another pod of mineralization. Regardless, all tonnes and ounces that emanate from the Termite Zone could be accurately categorized as incremental ounces that will ultimately complement the main Zone 1 gold deposit. Our Kobada gold project continues to grow.”
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Michael A. Nikiforuk
416.644.8892 x 101
by Ted Niles