HUGE day. up 36% today on 1 million + volume.
BRIEF-African Gold Group Moving Kobada Project Forward
BY Reuters
— 7:09 AM ET 08/19/2019
Aug 19 (Reuters) - African Gold Group Inc ( AGGFF ):
* AFRICAN GOLD GROUP MOVING KOBADA PROJECT FORWARD
* AFRICAN GOLD GROUP INC ( AGGFF ) - BEEN AWARDED CONTRACT TO DELIVER AN UPDATED DEFINITIVE FEASIBILITY STUDY FOR KOBADA GOLD PROJECT
* AFRICAN GOLD GROUP INC ( AGGFF ) - FEASIBILITY STUDY IS EXPECTED TO BE COMPLETED BY APRIL 2020. Source text for Eikon: Further company coverage:
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African Gold Group Appoints Minxcon Consulting (Pty) Ltd. to Manage the Next Kobada Drilling Campaign; Strong West African Gold Expertise
BY GlobeNewswire
— 1:36 PM ET 08/20/2019
TORONTO, Aug. 20, 2019 (GLOBE NEWSWIRE) -- African Gold Group, Inc. ( AGGFF
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) (“AGG” or the “Company”) is pleased to announce that Minxcon Consulting Pty Limited (“Minxcon”), has been awarded the contract to oversee and manage the upcoming diamond drilling campaign in order to confirm and add to the current resource.
Minxcon is an Africa-focused advisory company, specializing in geological project management, mineral resource estimation, geological modelling and data validation.
Minxcon oversaw the previous drilling campaign at Kobada in 2018. “We are very pleased to have signed Minxcon for the next drilling campaign as geological project managers,” says Dr. Andreas Rompel, Vice President Exploration of AGG. “Minxcon has shown their competence and understanding of the project during the last phase and identified potential extensions to the current strike length which require further follow up drilling, and we are happy for them being on board.”
“We are delighted to continue our relationship with AGG at the Kobada project which is shaping up to be a significant resource,” says Uwe Engelmann, Director of Geology and Exploration, Minxcon. “We believe that following on from this campaign, Kobada will be well positioned to move into the next phase of construction.”
Minxcon will undertake a review of the existing drill hole database and then design, oversee and manage the next drilling phase, the subsequent sampling, assaying and QA/QC process, the geological modelling and the resource evaluation at our Kobada project. Once completed this work will be incorporated into both the updated geological model and definitive feasibility study. Minxcon anticipates having personnel on site before the end of August in order to fast-track the program.
About African Gold Group ( AGGFF
African Gold Group ( AGGFF ) is a Canadian listed exploration and development company on the TSX Venture Exchange with its focus on developing a gold platform in West Africa. Its principal asset is the Kobada Project in southern Mali. For more information regarding African Gold Group ( AGGFF
visit our website at www.africangoldgroup.com.
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