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TORONTO, CANADA, MAY 20, 2008 – African Gold Group, Inc., (“AGG” or the "Company”) is pleased to announce that it has filed its National Instrument 43-101 compliant Mineral Resources estimate for “Zone 1” of its Kobada Gold Project located in Mali, West Africa, on SEDAR.
The Mineral Resources estimate was completed by Watts, Griffis and McOuat Limited of Toronto (“WGM”), a well respected international consulting firm which has filled the role of AGG’s independent consultant since December, 2007.
In summary, WGM estimates that “Zone 1” of the Kobada deposit, representing approximately 10% of the overall Kobada Trend, as presently outlined, contains an Inferred Mineral Resource of between 450,000 ounces of gold and 740,000 ounces of gold as follows:
The complete report is available for public viewing at:
http://www.sedar.com/DisplayCompanyD...
African Gold Group, Inc., based in Toronto, Canada, is engaged in the identification, acquisition and exploration of prospective gold projects that are situated along significant gold trends within West Africa. To date, the Company controls a total of twelve gold concessions that are consolidated in five distinct standalone exploration projects, of which three projects are located in Ghana and the remaining two are located in Mali, West Africa.
Additional Information is available on the Company's website at www.africangoldgroup.com and on www.sedar.com and through the Company's offices at: BCE Place, Canada Trust Tower, 27th Floor, 161 Bay Street, Toronto, Canada M5J 2S1
On Behalf of the Board:Michael A. J. NikiforukPresident, Director
FOR FURTHER INFORMATION PLEASE CONTACT:
African Gold Group, Inc.
Michael A. J. Nikiforuk
(416) 572-2225
About Agoracom&...
For all African Gold Group investor relations needs, investors are asked to visit the African Gold IR Hub at http://www.agoracom.com/IR/africangold where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to agg@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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