African Gold PLC (AFG.London, not AGG.V) finds gold in Ghanaian wall rocks
27 Sep 2004
LONDON (AFX) - African Gold PLC said significant gold mineralisation has been intersected in initial drill holes at Owere/Konongo in Ghana.
In a statement, the company said the drilling confirms that substantial widths of highly-mineralised wall rock exist in the mine workings.
It said the results of all holes have confirmed the presence, continuity and grade of mineralisation in just one of nine such ore-bodies.
Previous drilling indicated the potential of the wall rocks to host an economic ore body and the current programme is focused on converting inferred and indicated gold ounces to measured ounces.
Drilling is ongoing and further results are expected in the very near future.
Co-chairman John Teeling said: "These are excellent results and fully support our belief that we can turn the 900,000 oz indicated gold resource into a significant gold mine."
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ra
