Holding up well ,seemed low to me
African Gold drills 2.5 m of 3.09 g/t Au at Kobada
2019-11-18 07:12 ET - News Release
Mr. Stan Bharti reports
AFRICAN GOLD GROUP INTERSECTS HIGH-GRADE AT KOBADA GOLD PROJECT
African Gold Group Inc. has completed the first three lines of drilling and has encountered significant intersections at its drilling program at the Kobada gold project.
The drilling program, designed to build on the existing mineral resource estimate released in February, 2016, is laid out to systematically drill the existing mineralized zone from its southern extension through the main Kobada shear zone (lines 7 to 12) and then test its northern extension. The drilling for the southern satellite zone in lines 1, 2 and 3 has intersected significant mineralization at the expected depth and thereby confirming the structural mineralization model. The presence of better-than-expected mineralization in the southern zone, particularly at shallow depths, indicates the potential for additional extensions to the south of the known orebody.
Mineralized zone BHID From To Composite length Composite grade From To Includes Includes (m) (m) (m) (g/t) (m) (m) (m) (g/t) KB19-P1-02 46.60 51.00 4.40 0.42 KB19-P1-02 56.00 57.00 1.00 0.36 KB19-P1-02 63.00 65.00 2.00 2.04 KB19-P1-02 67.00 69.00 2.00 0.60 KB19-P1-02 90.00 92.00 2.00 0.78 KB19-P1-02 149.00 150.00 1.00 2.00 KB19-P1-03 5.00 6.00 1.00 0.56 KB19-P1-03 20.00 24.90 4.90 1.65 21.00 23.50 2.50 3.09 KB19-P1-03 71.00 95.60 24.60 0.33 82.00 84.60 2.60 1.91 KB19-P1-03 104.00 123.00 19.00 0.34 115.35 118.00 2.65 1.54 KB19-P1-03 135.00 137.00 2.00 0.34 KB19-P1-03 161.00 163.00 2.00 0.53 161.00 162.00 1.00 0.92 KB19-P1-04 24.00 29.00 5.00 0.37 25.00 27.00 2.00 0.55 KB19-P1-04 83.00 90.00 7.00 0.49 85.00 87.00 2.00 1.44 KB19-P1-04 163.50 167.50 4.00 0.27 163.50 164.50 1.00 0.46 CUMULATIVE MINERALIZATION WIDTHS Cumulative Mineralization width Average grade (m) (g/t) KB19-P1-02 12.4 0.89 KB19-P1-03 53.5 0.47 KB19-P1-04 16 0.40 SIGNIFICANT INTERSECTIONS (ABOVE ONE G/T) BHID From To Intersection length Au final (m) (m) (m) (g/t) KB19-P1-02 63 64 1.00 1.87 KB19-P1-02 64 65 1.00 2.20 KB19-P1-02 149 150 1.00 2.00 KB19-P1-03 21 23.5 2.50 3.09 KB19-P1-03 82 83 1.00 1.55 KB19-P1-03 83 84.6 1.60 2.13 KB19-P1-03 115.35 116.15 0.80 1.46 KB19-P1-03 116.15 118 1.85 1.57 KB19-P1-04 85 86 1.00 1.94
The latest results show good correlation to the existing 2016 feasibility study, and in two of the three holes analyzed to date, better intersections in the upper parts of the orebody.
2019 Kobada drilling campaign
This diamond drilling program focuses largely on the Kobada Main shear zone where the potential to move the company's current resource to a higher confidence and increase the total resource appears most favourable. The information provided here by the infill and resource drilling represents the southern extension of the Kobada Main shear where drilling commenced. Drilling is continuing and moving northward toward the thickest portion of this shear zone, where drilling results are expected to be even more favourable.
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 by SENET (as previously announced on Aug. 19, 2019). AGG expects phase 1 and 2 of the drilling campaign to be completed by December, 2019, with additional drilling targeted to explore other shear zones in the first quarter 2020.
"We are very happy to have intersected significant mineralization in this southern satellite zone," said Dr. Andreas Rompel, vice-president, exploration, "and we are very excited to move northwards into the main zone of mineralization where the future pit is planned to be. The higher-grade intersections being above the mean grade of the 2016 feasibility study already indicates that we can expect very positive results. The focus on updating the structural integrity of the geological resource model over the past three months using all available drilling and regional geological information gives us an excellent understanding of the main shear zone, and this can be replicated in identifying future drilling targets in the other 26 kilometres of currently undrilled shear zones on our concession."
African Gold Group's geological project team, Minxcon, manages all aspects of the 2019 drilling program with the co-operation of SENET. African Gold Group's drilling contractor, AMCO Drilling, is making good progress on metres drilled and has produced very good core recoveries, despite challenging conditions. SGS, African Gold Group's assay laboratory in Bamako, Mali, has been very efficient in its turnaround of results.
As previously stated, the intention of the 2019 drilling program is primarily to target infill drilling to reinforce the updated geological resource model, so any improvements above the anticipated intersections is very positive for the outcome of this model. The company anticipates an updated final resource model to be released in January, 2020, more than a month earlier than initially planned.
Qualified persons
The scientific and technical information contained in this press release has been reviewed, prepared and approved by Dr. Andreas Rompel, PhD, PrSci Nat, FSAIMM, PrSciNat, No. 400274/04, vice-president, exploration, of African Gold Group, who is a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects -- and by Uwe Engelmann (BSc (Zoo and Bot), BSc, honours (Geol), PrSciNat, No. 400058/08, MGSSA, a director of Minxcon Pty. Ltd. and a member of the South African Council for natural scientific professions.
About African Gold Group Inc.
African Gold Group is focused on developing a gold platform in West Africa. Its principal asset is the Kobada project in southern Mali.