AFRICAN GOLD GROUP
African Gold Group is a Canadian listed exploration and development company on the TSX Venture Exchange (TSX V:AGG)
with its focus on developing a gold platform in West Africa.
African Gold Group is focused on the development of the Kobada Gold Project in Mali, a low capital and low operating cost gold project
with the potential to produce more than 50,000 ounces of gold per annum for greater than 10 years of mine life.
The Kobada Project is an advanced gold project located approximately 125km south south west of Bamako, the capital city of Mali.
Kobada is a near-surface gold project that has a global resource base of over 2.2Moz of gold. Previous operators completed 1,108 holes and
126,335m of drilling on the property and completed 3 economic studies, the last one being a feasibility study released in February 2016.
Although the economics were compelling, the new management of the project has decided to undertake internal scoping studies in order to
gain a better understanding of the project with a goal to optimize the size of the envisioned mine and increase the confidence in the resource model.
PRESENTATION & FACT SHEET
2019 Kobada Drilling Campaign
This expansion program will focus largely on the Kobada Main Shear zone where the potential to rapidly increase the resource appears most favourable.
The additional information provided by the infill and resource drilling will increase AGG’s overall knowledge and understanding of the resource,
expand the resource, assist in the initial pit design and aid in the determination of the mineralogy for processing purposes.
We anticipate geological information from the drillcore will assist AGG in the understanding of the mineralization processes
and improve the prediction of future drill targets in adjacent shear zones.
This program will assist in refining the structural geology and mineralization model that is
being established by Minxcon in conjunction with the definitive feasibility study, which is being developed with Senet
(as previously announced on August 19th, 2019). AGG expects this drilling campaign to be completed in the
first quarter of 2020, with initial results anticipated in the fourth quarter 2019.
For further information please contact:
President and Chief Executive Officer
(416) 861 2267
MANAGEMENT’S DISCUSSION AND ANALYSIS
General Share Information
Ticker Symbol -- AGG on TSX AGGFF on OTC
Shares Outstanding -- 62 Million
Options -- 2.46 Million
Warrants -- 14.2 million
PROJECT OVERVIEW http://www.africangoldgroup.com/projects/kobada-gold-project-mali/
SEVEN MOS; http://www.barchart.com/quotes/stocks/AGGFF
*DISCLAIMER *The Board Monitor and The Board Assistants herewith, are not licensed brokers and assume NO responsibility for the actions, investment decisions, and or messages posted on this forum.
• We do NOT recommend that anyone buy or sell any securities posted herewith. Any trade entered into risks the possibility of losing the funds invested.
• There are no guarantees when buying or selling any security.