TSX-listed African Gold Group says that it is progressing steadily towards the completion of the definitive feasibility study (DFS) at its Kobada gold project in Mali.
Mali – The announcement comes after African Gold Group announced that it had discovered additional high-grade intersections in the northern extension of the main shear zone of the project.
- Drilling results returned intersections of broad and continuous mineralisation progressing to new depths within a largely untested area of the Kobada concession
- Drill hole KB19_P2_33 returned 2.14g/t Au over 16 m including 30.80g/t over 1 m
- Drill hole KB19_P2_34 returned 2.12g/t Au over 3.0 m and 1.88g/t Au over 1 m
- Drill hole KB19_P2_35 returned 2.0g/t Au over 2.30 m and 3.79g/t Au over 1.1 m
- Drill hole KB19_P2_36 returned 2.49g/t Au over 4.03 m including 2.89g/t over 3.39 m
- Drill hole KB19_P2_38 returned 3.26g/t Au over 2.20 m
Dr. Andreas Rompel, VP: Exploration of the company stated, “We still encounter high-grade mineralisation moving northwards beyond the planned open pit along strike and down dip, proving the yet open-ended extension northwards and along dip beyond the saprolite zone. Furthermore, we are testing the width of the Kobada Shear and are happy to see that it extends further westwards than anticipated in parts.”
Company looking at other interests
Kobada is a fully licensed and permitted advanced development project located in the prolific Birimian Greenstone belt in Southern Mali. Africa Gold Group is working towards delivering the DFS in Q2 2020 as a part of the final process before the commencement of construction. Since 2019, the company has completed a drilling campaign totalling 11,428 m within the concession area.
To date, the company has not discovered the northern or the southern end of mineralization along the Kobada Shear. Furthermore, the company intends to step away from the Kobada Shear to test the neighbouring and parallel-striking Gosso Shear, which has been exposed by shallow artisanal mining.
Results from the drilling programme will be incorporated into an updated mineral resource statement targeted to be released within the next few weeks.