African Gold Group, Inc. (TSX-V:AGG) has reported results from its trenching program on the Fié trend at Kobada Gold Project in Southern Mali.
The company said the trenching program continues to expand the footprint of the mineralized shear zones discovered on the property and further confirms the similarity of the geological structure to the Kobada main shear zone and the Gosso shear zone.
It added that the trenching program has delivered positive results for the mineralization potential of the Kobada Est shear zone and will be followed up with additional trenching and drilling to test the target area in more detail.
READ: African Gold Group closes oversubscribed placing, raIsing over C$5M to advance Kobada
“The anomalies found across multiple trenches in the Kobada Est concession indicated our continued confidence in the upside potential of the overall African Gold Group portfolio,” said African Gold CEO Danny Callow in a statement.
“The progression of exploration into our adjacent concessions as part of our requirement to deliver commitments as part of our licenses continues to give us great confidence in the upside potential of the overall project."
Further trenching highlights include:
- Trench 2 -- 80 meters (m) long, with good intersections within 1m at 2.27 grams per ton (g/t) and 1m at 8.11 g/t
- Trench 3 -- Trench crosscutting several E-W veins and veinlets
- Many intersections within 6m at 1.39 g/t followed by another 5m at 1.19 g/t with over 2.5 g/t at several places
- Grab samples taken close to Trench 3 in historical artisanal mining zone at 3m depth with E-W quartz veinlets occurring into the sap
- Samples following each other on about 5m wide pit at an average of 2.79 g/t
- Additional positive anomalies from Trenches 5 and 6 at Fié trend requiring further follow up
The company said the Fié trend is a part of the Kobada Est exploration permit and forms part of the combined 55 kilometers (km) of shear zones, identified across the three concessions from previous geophysics, soil geochemistry, and other regional exploration. The 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 trenching program was completed in October 2021 with the aim of confirming the Fié trend anomaly. Two trenches with a combined length of 110m, and an average depth of 2.5m, with 0.5m to 1.5m in laterite and 0.5m to 1.0m in the saprolite.
Following a strong commitment from shareholders in the previous private placement raise, the company said it is budgeting additional funds to start to drill out the most prospective shear zones in both the Faraba and Kobada Est exploration concessions.
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