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African Gold Announces Kobada Gold Drilling Project Update

Mining News - Published on Mon, 14 Oct 2019

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African Gold Group Inc announced that its 2019 drilling program has commenced at the Kobada Gold project. The program is designed to build on the existing mineral resource estimate released in February 2016, which confirmed the strong potential of the Kobada Gold project. The 2019 drilling program is budgeted for 15,000-meters and is dedicated to expanding and upgrading the current resource estimate. At the same time, AGG also plans to explore additional highly prospective areas identified through previous regional exploration programs. Four drill rigs have been deployed by our partner, AMCO Drilling, to the Kobada Gold project. In the meantime, the Kobada camp has been revamped and upgraded to cater to the AMCO team. Drilling has already commenced with the first two rigs, and an additional two rigs en-route.

Dr Andreas Rompel VP Exploration said that "We expect that the 2019 drilling program will greatly expand our geological understanding of the overall Kobada gold project and will allow us to demonstrate the true potential of the asset. We are very excited to have started this drilling program after minor delays caused by the rainy season and we believe that this is a beginning of a new chapter in AGG's story. We are keenly awaiting the results of this phase of drilling, which will lead to a better defined resource on higher confidence levels and a much improved geological and mineralization model needed for future target generation."

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.

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Posted By : Rabi Wangkhem on Mon, 14 Oct 2019
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