AMN - MALI: New drilling program at Kobada

African Gold Group (AGG) has started its 2019 drilling program at the flagship Kobada Gold Project in southern Mali. The program is designed to build on the existing 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-metres and is dedicated to expanding and upgrading the current estimate. At the same time, AGG also plans to explore additional highly prospective areas identified through previous regional exploration programs.

This expansion program will focus largely on the Kobada Main Shear zone where the potential to rapidly increase the resource appears most favourable.

Four drill rigs have been deployed by partner AMCO Drilling to the Kobada Gold project. Drilling has already commenced with the first two rigs, and an additional two rigs en-route.

In the meantime, the Kobada camp has been revamped and upgraded to cater to the AMCO team.

AGG's VP exploration Dr Andreas Rompel said, “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 the 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 mineralisation model needed for future target generation.”

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 drill core will assist AGG in the understanding of the mineralisation processes and improve the prediction of future drill targets in adjacent shear zones," Dr Rompel said

The program will assist in refining the structural geology and mineralisation model that is being established by Minxcon in conjunction with the definitive feasibility study, which is being developed with Senet.

AGG expects this drilling campaign to be completed in the first quarter of 2020, with initial results anticipated in the fourth quarter of 2019.

The drill program may evolve in response to potential discoveries and continue on the neighbouring yet untested shear zones which run parallel to the well-known Kobada Main Shear.

The geological project team, Minxcon, will manage all aspects of the 2019 drilling program under the supervision of EPCM partner, SENET.

The drilling contract has been awarded to AMCO Drilling and sample analysis will be undertaken by SGS SA, with sample preparation carried out in their Bamako facility in order to achieve a quick turn-around time for our assay results.

The company also announces that Bruce Humphrey has elected to resign from his position as a director to focus on other ventures. Mr Humphrey was appointed to the board in April 2017 and has provided valuable advice to the company over the years.

The company would like to thank Mr Humphrey for his contribution and support of the company and wish him all the best in his future endeavours.

www.africangoldgroup.com