Last C$0.14 CAD
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Volume 149.0K
As of 1:26 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

african gold group inc (AGG) Snapshot

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african gold group inc (AGG) Details

African Gold Group, Inc., a junior mineral exploration company, engages in the acquisition, exploration, and development of precious and base metal mineral resource properties in West Africa. The company’s principal gold projects located in Mali include the Kobada gold project, which covers an area of approximately 216 square kilometers in the Kangaba region. Its gold projects situated in Ghana comprise the Asankrangwa gold belt, which comprises 5 gold concessions; the Mankranho concessions; and the Nyankumasi concessions. African Gold Group, Inc. was founded in 1988 and is headquartered in Toronto, Canada.

Founded in 1988

african gold group inc (AGG) Top Compensated Officers

Co-Founder, Chief Executive Officer, Presiden...
Total Annual Compensation: C$192.0K
Chief Financial Officer
Total Annual Compensation: C$108.0K
Vice President, Secretary, Director, Member o...
Total Annual Compensation: C$192.0K
Compensation as of Fiscal Year 2012.

african gold group inc (AGG) Key Developments

African Gold Group, Inc. Reports Increase in Gold Grade from Bulk Metallurgical Test Results at Kobada, Mali

African Gold Group Inc. reported the analytical results for the first 50 bulk metallurgical test samples that were comprised of composites of reverse circulation drill intervals that were specifically selected to emulate the Kobada deposit, from surface down through to fresh bedrock. Each bulk sample consisted of drill cuttings from one or more RC drill holes, within a specific horizon or layer of mineralization emanating from drill intervals that ranged between 30 to 50 meters in length and weighed between 0.8 up to 1.5 metric tonnes. Average calculated gold grades of the 50 individual bulk composite samples, processed through the gravimetric pilot plant, yielded gold grades 65% higher than the average given gold grade, based on 2 kg Leachwell analysis, from the identical drill interval. 28 of the 50 bulk composite samples were classified as waste, averaging 0.085 g/t Au, based on 2 kg leachwell analysis, of the drilled interval(s). The calculated average grade of the bulk samples processed through the gravimetric pilot plant, for the identical drill interval(s), averaged 0.299 g/t Au, representing a 252% increase in gold content from the identical drill interval(s). Pilot plant test results continue to confirm that increasing "sample support" (volume of material) and "aliquot" (the actual amount of material analyzed) is highly beneficial for improving the overall grade of mineralization of the Kobada deposit, a characteristic of the "nugget effect." Pilot plant test results continue to confirm that a Bulk Mining model applies to Kobada and that all material contained within the (mineralized) structural corridor is envisioned to be processed through a gravimetric gold recovery plant - including material that is defined as waste, based on drill sample support and Leachwell analysis.

African Gold Group, Inc. Discovers a One Kilogram Gold Nugget at Kobada, Mali Gold Project

African Gold Group Inc. reported that local artisanal miners have discovered a one kilogram gold nugget at the company's Kobada, Mali gold project. AGG geologists, on site at Kobada, Mali, have recorded the UTM coordinates of the discovery at 54591E, 1289982N in the vicinity of Section 800 South of the Zone 1 deposit. While the 1 kilogram nugget was discovered within the Zone 1 deposit, the location of the discovery of the 2.7 kilogram gold nugget is a considerable distance from the site of any work undertaken by AGG and speaks to the general prospective nature of the overall Kobada concession.

African Gold Group, Inc. announces Engineering Team Mobilizes to Commence Metallurgical Test Work at Kobada, Mali

African Gold Group Inc. announced that a team of engineers, under the direction of Bumigeme Inc., is mobilizing to depart Canada, en-route to Mali, West Africa, with the specific objective of commencing and completing the metallurgical test work for AGG's Kobada gold project. Completion of the metallurgical test work represents an important phase of work that is essential to concluding it's Feasibility Study for a 1,500 tone/day gravity (gold recovery) plant for Kobada. A total of 500 samples have been identified by it's technical team for processing through a fully constructed and commissioned pilot plant. The plant, specifically designed for metallurgical research, has a capacity throughput of up to 2 tones per hour. Each of the 500 samples will weigh between 1 to 1.5 metric tones. All samples are compiled from Reverse Circulation (RC) drill cuttings that represent between 30 meters and 50 meters of drilling, derived from one or more holes, within a specific horizon or layer of mineralization, within the deposit. The longer the drill intercept(s) for a given sample the greater the weight of the respective sample.


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