Jul 24 2014
African Gold Group, Inc. ("AGG" or the "Company") is pleased to announce the completion of drilling for the 2014 field season at Kobada, Mali. This body of work has resulted in the successful collection of over 2.4 tonnes of lateritic and saprolitic material that is representative of the Kobada ore types.
The final drilling was completed subsequent to the incident that was reported in the Company's press release of July 9, 2014. AGG wishes to acknowledge the continuing support of the Government of Mali and their ongoing efforts to curtail illegal mining activity, throughout the entire country, during the rainy season, in accordance with Mali law. This support has allowed the Company to continue its planned work program through to completion.
Officials representing the Canadian Embassy in Mali continue to be most helpful in providing the Company with advice and support, as well as, intervening at the highest levels of the Mali Government on the Company's behalf. AGG wishes to express its gratitude for the continuing initiatives.
Importantly, 1.8 tonnes of sample material has been air-freighted to Australia for the commencement of metallurgical testwork. The balance of the material is being stored in Mali pending initial results of the testwork. The remainder of the sample material, which is packaged and ready for transport, will be sent to Australia via air-freight, should additional material be required.
President and CEO of AGG, Mr. Declan Franzmann comments, "The aim of the 2014 field season was the collection of a representative sample of Kobada ore types. The successful completion of this work, despite the incident reported on July 09, shows that AGG has the support to continue along the development timeline. The material collected will be used for further metallurgical test work and will underpin data for the ongoing feasibility study. Together with an update of the resource estimate, this test work is likely to be significant in the demonstration of the economic potential of the Kobada Gold Project."
About African Gold Group
African Gold Group, Inc., based in Toronto, Canada, is focused on the development of the Kobada Gold Project in southern Mali. A Feasibility Study is currently underway and the Company is projecting completion of the study in the fourth quarter of 2014. At this time the Company will also submit an application for a Mining License, to the Malian Authorities.
Additional Information is available under the AGG's profile on the SEDAR website at: https://www.sedar.com/homepage_en.htm and on the Company's website at: www.africangoldgroup.com.
On Behalf of the Board:
Declan Franzmann, President and CEO
Source: http://www.africangoldgroup.com/