TORONTO, Aug. 20, 2019 (GLOBE NEWSWIRE) -- African Gold Group, Inc. (AGG.V) (“AGG” or the “Company”) is pleased to announce that Minxcon Consulting (Pty) Limited (“Minxcon”), has been awarded the contract to oversee and manage the upcoming diamond drilling campaign in order to confirm and add to the current resource.
Minxcon is an Africa-focused advisory company, specializing in geological project management, mineral resource estimation, geological modelling and data validation.
Minxcon oversaw the previous drilling campaign at Kobada in 2018. “We are very pleased to have signed Minxcon for the next drilling campaign as geological project managers,” says Dr. Andreas Rompel, Vice President Exploration of AGG. “Minxcon has shown their competence and understanding of the project during the last phase and identified potential extensions to the current strike length which require further follow up drilling, and we are happy for them being on board.”
“We are delighted to continue our relationship with AGG at the Kobada project which is shaping up to be a significant resource,” says Uwe Engelmann, Director of Geology and Exploration, Minxcon. “We believe that following on from this campaign, Kobada will be well positioned to move into the next phase of construction.”
Minxcon will undertake a review of the existing drill hole database and then design, oversee and manage the next drilling phase, the subsequent sampling, assaying and QA/QC process, the geological modelling and the resource evaluation at our Kobada project. Once completed this work will be incorporated into both the updated geological model and definitive feasibility study. Minxcon anticipates having personnel on site before the end of August in order to fast-track the program.
About African Gold Group
African Gold Group is a Canadian listed exploration and development company on the TSX Venture Exchange (TSX V:AGG) with its focus on developing a gold platform in West Africa. Its principal asset is the Kobada Project in southern Mali. For more information regarding African Gold Group visit our website at www.africangoldgroup.com.
For further information please contact:
President and Chief Executive Officer
(416) 861 2267
This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes, but is not limited to, management’s, the Company’s development and exploration plans for the Kobada project, the timeline for the completion of the feasibility study and other statements with respect to the future plans or intentions of the Company. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", “aims”, "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of exploration activities; regulatory risks; risks inherent in foreign operations; and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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