African Gold Group, Inc. (TSX-V:AGG) announced positive results from the preliminary trenching programme in the Kobada Est exploration target at its Kobada Gold Project in southwestern Mali, Africa. The trenching programme was completed in June and consisted of three trenches with a combined length of 260 metres (m).
Kobada Est is a part of a group of permits located on the western flank of the Bougouni basin covering an area of 63,679 acres. The shear zones discovered in the Kobada Est concession form a part of the combined 55 kilometre (km) shear strikes, identified across the three concessions from previous geophysics and soil geochemistry.
African Gold Group said the results further reinforce its thesis that the exploration upside within its permits is significant, and it can now take Kobada Est to the next stage of exploration.
WATCH: African Gold shares phenomenal update on world class Kobada Gold project
The company said the trenching program continues to expand the footprint of the mineralised shear zones discovered on the property across the years. Two of the three trenches intersected mineralisation, extending laterally for hundreds of metres.
Artisanal mining in the vicinity also shows structures and mineralisation within or close to the target area. One trench has returned a 22m wide mineralised zone at 1.1 grams per ton (g/t) or 16m at 1.4 g/t. Preliminary trenching and artisanal pits confirm similar mineralisation and structural environment as the Kobada Main shear.
“We are pleased to see such impressive results as part of our regional exploration programme within our Kobada Est exploration concession area,” CEO Danny Callow said in a statement.
“This is the first time we have followed up prior programmes with trenching to determine possible gold mineralisation, and the results are very pleasing.
“From this trenching it's clear that a drilling programme should be designed to determine the continuity of the mineralisation identified in the trenching,” he added
African Gold Group is on track to become Africa’s next mid-tier gold producer, with the company targeting production of 100,000 gold ounces per year from Kobada by the second quarter of 2022.
Other exploration locations have also been identified on the Kobada, Farada and Kobada Est concessions, offering potential for an increase in resource.
Contact the author at stephen.gunnion@proactiveinvestors.com