The chief executive of African Gold Group (TSX-V:AGG) rarely uses superlatives, but Danny Callow describes the most recent resource update about the Kobada Gold project in Mali as "phenomenal."
Callow is delighted with the "substantial increase" in total resource to more than 3.1 million ounces, which includes a 44% increase in Measured and Indicated resource of 1.71 million ounces, and a 26% increase in Inferred resource of 1.43 million ounces.
His confidence in the Kobada project is palpable and he has engaged advisors to outline potential corporate opportunities which may include acquisitions, joint ventures and creative corporate financing.
"We're seeing an opportunity to grow this resource substantially, quite quickly and quite easily with not a lot of dollars with something that is becoming world class in terms of where we are," adds Callow who stresses Mali is a much calmer country after a period of political turbulence.