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Thursday 29th of July 2010
Thursday, April 17, 2008

African Gold Group updates Trenching returns

African Gold Group updates Trenching returns

African Gold Group, Inc., reports the assay results for five trenches, located within the immediate proximity of the excavated artisanal mining pit at AGG’s Manso Atwere (Ghana) concession.

The five trenches total 1,628 meters in aggregate length and average 3 meters in depth. All trenches were sampled on two meter spacing. Diamond drilling is currently underway at AGG’s Manso Atwere concession and will shift to AGG’s Assuowunu concession, contiguous with Keegan Resource’s Esaase concession, within approximately 14 days.

The Company announced its acquisition of the Manso Atwere concession on October 25, 2007. The 7.2 sq km concession represents the fifth distinct contiguous concession that comprises AGG’s 456.2 sq km consolidated land holdings in the northern Asankrangwa gold belt. Much of the gold that has contributed to the wealth of the famous Ashanti Kingdom, over centuries. More recently, this region has been the subject of extensive conventional mining and includes the recent discovery of Keegan Resource’s Esaase gold deposit, which is contiguous with AGG’s Assuowunu concession.

The Manso Atwere concession contains an unusually large, recently excavated, open pit that was manually dug by locals with pick and shovel. This pit measures approximately 110 meters in length, approximately 35 meters in width and approximately 35 meters in depth. It is estimated that approximately 300,000 metric tons of ore has been manually moved from the site of the pit, located on a hilltop, approximately 2 km to the valley floor where there is water for processing the ore.

 

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