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Kamis, 14 Januari 2021

VanGold Engages Behre Dolbear for PEA on El Cubo Purchase

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VanGold Engages Behre Dolbear for PEA on El Cubo Purchase

VANCOUVER, BC / ACCESSWIRE / January 14, 2021 / VanGold Mining Corp (the "Company" or "VanGold") (TSXV:VGLD) announces that it has engaged Behre Dolbear & Company Inc. ("Behre Dolbear") to provide a Preliminary Economic Assessment (PEA) in relation to its purchase of the El Cubo mine and mill complex ("El Cubo") located 8km by road northeast of the Company's El Pinguico silver-gold project near the city of Guanajuato, Mexico from Endeavour Silver Corp. ("Endeavour"), as announced on December 18, 2020.

Engages Behre Dolbear for PEA:

The Company has engaged the engineering consultancy firm of Behre Dolbear to provide third party engineering due diligence and guidance regarding the purchase, refurbishing, and operation of the El Cubo mine and mill and complete a NI 43-101 compliant PEA level study by early February 2021. This study will form part of VanGold's submission to the TSX Venture Exchange (the "TSXV") for acceptance of the Company's acquisition of El Cubo. Prior to signing its LOI with Endeavor and as part of VanGold's initial due diligence, Behre Dolbear completed a 37 page ‘Desk Top Review' of VanGold's El Cubo / El Pinguico business plan. This review has helped form the basis of VanGold's internal cash flow modelling and initial, high level mine planning for the combined operation.

VanGold Director Hernan Dorado Smith said: "Having spent four days in Guanajuato with the Behre Dolbear team in November 2020, both at El Pinguico and at El Cubo, we are impressed with their experience, hard work, and professionalism. We look forward to a long business relationship with them."

About Behre Dolbear: One of the oldest mineral industry advisory firms in the world, continuously operating since 1911, Behre Dolbear specialises in performing impartial technical and strategic studies for mining companies, financial institutions, governments and international agencies. Typical studies include resource and reserve reviews, mineral property valuations, due diligence studies for bankability and acquisition purposes, and independent expert reports for capital raisings and valuations.

El Cubo Mine and Mill:

On December 18, 2020 the Company announced it had signed a binding LOI with Endeavour (the "Endeavour Agreement") to acquire El Cubo (the "Acquisition"). The El Cubo plant and tailings facilities are currently on short term care and maintenance and VanGold intends to re-start the mill at approximately 750 tonnes per day using mineralized material from its existing surface and underground stockpiles at El Pinguico as a significant portion of its estimated throughput for the first 36 months of operation.

As reported by Endeavour on January 29, 2020 i, as at December 31, 2019, El Cubo contained the following silver-gold resources:

Resource

Tonnes

Ag g/t

Au g/t

Ag oz

Au oz

Ag Eq oz

Measured

19,000

224

1.89

140,000

1,200

236,000

Indicated

32,000

209

2.03

214,000

2,100

382,000

Inferred

463,000

163

1.89

2,419,000

28,200

4,675,000

             

VanGold is not treating these estimates as current mineral resources as a qualified person on behalf of VanGold has not done sufficient work ii to classify these estimates as current resources. iii However, as such resources were derived from 19 different veins on the property, the Company believes El Cubo hosts excellent exploration possibilities for the future.

Under the Endeavour Agreement, VanGold will acquire the El Cubo mine, the El Cubo mill (known also as the El Tajo mill), and approximately 7,000 hectares of prospective mining concessions located adjacent to the El Cubo mill and within the greater Guanajuato mine region. The Acquisition remains subject to acceptance of the TSXV.

VanGold's El Pinguico Project:

El Pinguico is a high-grade gold and silver deposit that was mined from the early 1890s until 1913. Toward the end of that period it was mined exclusively by The Pinguico Mines Company of New York City, whose shares traded on the Boston and New York Stock Exchanges. The mining was done principally from the El Pinguico and El Carmen veins, which are thought to be splays off the Mother Vein, or ‘Veta Madre'.

The Veta Madre is associated with a mega fault that outcrops for 25 kilometres and is the most important source of precious metal mineralization in the region. Current geologic interpretation, based on regional mapping and projections from the Veta Madre developed at adjacent historic mine operations, suggest that the Veta Madre vein system may cross VanGold's property at depth, underneath the high grade El Pinguico and El Carmen veins. Very limited drilling has been done on the property and no drilling has yet attempted to encounter the Veta Madre at depth. The intersection of these major vein structures are excellent exploration targets and may result in zones of significant size and grades.

Hernan Dorado Smith, a director of VanGold and a "qualified person" as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, has approved the scientific and technical information contained in this news release.

About VanGold Mining Corp.

VanGold Mining is an exploration and development company engaged in reactivating high-grade past producing silver and gold mines near the city of Guanajuato, Mexico. The Company's El Pinguico project is a significant past producer of both silver and gold located just 7 kilometers south of the city. The Company remains focused on the near-term potential for development and monetization of its surface and underground stockpiles of mineralized material at El Pinguico, and in delineating silver and gold resources through underground and surface drilling on projects located in this historic mining camp.

ON BEHALF OF THE BOARD OF DIRECTORS

"James Anderson"
Chairman and CEO

For further information regarding VanGold Mining Corp, please contact:

James Anderson, Director, +1 (778) 989-5346
Email: james@vangoldmining.com
Continue to watch our progress at: www.vangoldmining.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains certain forward-looking statements and information, which relate to future events or future performance including, but not limited to, the successful acquisition of El Cubo on the proposed terms and estimated timing for closing thereof, the ability of VanGold to raise the necessary funding to purchase El Cubo on the terms and conditions contemplated, the ability of VanGold to successfully re-start the El Cubo mill and supply sufficient mineralized material from El Cubo and the Company's El Pinguico project for processing through the El Cubo mill at projected rates, the ability to generate positive cash flow from the El Cubo mill as contemplated or at all, the exploration and development potential of El Cubo and the potential existence of mineral resources thereon, and the potential intersection at depth of the "Veta Madre" with the Company's El Pinguico and El Carmen veins. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, currency rate fluctuations, actual results of exploration and development activities, unanticipated geological formations and characteristics, environmental risks, future prices of gold, silver and other metals, operating risks, accidents, labor issues, delays in obtaining governmental or regulatory approvals and permits, and other risks in the mining industry. There are no assurances that VanGold will successfully finance and complete the acquisition of El Cubo on the terms contemplated or at all or, if acquired, that the Company will be able to re-start the El Cubo mill to process mineralize materials in the amounts and at the costs anticipated. In addition, there is uncertainty about the spread of COVID-19 and the impact it will have on the Company's operations, supply chains, ability to access El Pinguico or El Cubo or procure equipment, contractors and other personnel on a timely basis or at all and economic activity in general. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by law.

VANGOLD MINING CORP.
PH: +1(778) 989-5346 E: info@vangoldmining.com W: vangoldmining.com
CA: Suite 2820 - 200 Granville Street, Vancouver B.C. V6C 1S4
MX: Carretera - Guanajuato - Silao km 5.5, Int 4, Col. Marfil CP36250, Guanajuato, Gto., Mexico

i Extracted from Endeavour's news release dated January 29, 2020.

ii These figures are historical in nature, have not been verified by VanGold and should not be relied upon. A thorough review by VanGold's "qualified person" of all historic data, along with additional exploration and validation work to confirm results and estimation parameters, would be required in order to produce a current mineral resource estimate for El Cubo.

iii Endeavour reported that its El Cubo mineral resource estimates were (a) calculated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) and CIM Standards on Mineral Resources and Reserves, (b) cut-off grades were based on a 196 g/t silver equivalent for Area II (that comprises Dolores Mine) of El Cubo and 238 g/t silver equivalent for Areas I and IV (that comprises Santa Cecilia and San Nicolas Mines) of El Cubo, (c) silver equivalent grades and ounces are based on 80:1 silver:gold ratio and calculated using only silver and gold, and (d) price assumptions were US$16.34/oz for silver and US$1,279/oz for gold.

SOURCE: VanGold Mining Corp



View source version on accesswire.com:
https://www.accesswire.com/624272/VanGold-Engages-Behre-Dolbear-for-PEA-on-El-Cubo-Purchase

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Rabu, 13 Januari 2021

Latin Metals Receives Positive Results from Mapping and Sampling at the Lacsha Copper Project, Peru

 

Latin Metals Receives Positive Results from Mapping and Sampling at the Lacsha Copper Project, Peru

January 13, 2021

Vancouver, B.C. Latin Metals Inc. ("Latin Metals" or the "Company") - (TSXV: LMS) (OTCQB: LMSQF) announces receipt of positive exploration results from its 100% owned Lacsha copper property ("Lacsha" or the "Project") located in the Peruvian Coastal Copper Belt.  Rock sampling results confirm the existence of copper mineralization at Lacsha, related to the Coastal Batholith. 

Lacsha Sampling Details

A total of seventeen rock samples were collected with copper values ranging from 110 ppm to 6,410 ppm and molybdenum values ranging between 1.5 ppm and 86.8 ppm (Figure 1, Plate 1). 

The 4,000-hectare property was acquired based on historical stream sediment, soil and rock sampling results, defining an area of anomalous copper over approximately 5.0 km by 2.5km (news release August 4, 2020).  Verification of altered and mineralized outcrop at surface confirms the Company's exploration model. 

Property geology is dominated by granodiorite pluton intruded by various granites bodies up to 1 km length cut by monzonitic and diorite dykes with dominant north to northeast orientation.  The area is largely covered by recent quaternary material of approximately 1 m in thickness obscuring much of the outcrop.  There is significant potential for additional altered and mineralized rock to be discovered beneath this thin cover.  Alteration mapped at surface is dominated by epidote as veinlets cutting the intrusive rocks and chlorite-magnetite replacing mafic minerals.  Mineralization is related to oxidation of disseminated sulfides and quartz-copper oxide zones up to 2 m thick.

Next Steps

Follow-up work will include stream sediment sampling to cover the entire property and establish the most anomalous areas.  Rock sampling and mapping will accompany this work, which will be undertaken in Q1.

The Company has met with the local community and has had very positive discussions about the planned work and schedule.  As exploration proceeds, the Company will be aim to secure drill permits to test priority targets when they are fully defined.   


Figure 1: Geological map of the Lacsha Property with Historical
and Current Rock Sampling Results.


Plate 1: Mineralized Rock Samples

Incentive Stock Options

The Company also announced that it has granted 150,000 common share stock options (each an "Option") to various employees and consultants of the Company and its affiliates.  The Options entitle the holder to purchase shares at a price of $0.16 per share for a period of 36 months from the issue date.

QA/QC

The work program at Lacsha was designed and is supervised by Eduardo Leon, the Company's Exploration Manager, who is responsible for all aspects of the work, including the quality control/quality assurance program. 

On-site personnel at the project rigorously collect and track samples which are then security sealed and shipped to ALS laboratory in Lima.  Samples used for the results described herein are prepared and analyzed by multi-element analysis using an inductively coupled mass spectrometer in compliance with industry standards. 

Qualified Person

The technical content of this release has been approved for disclosure by Keith J. Henderson P.Geo, a Qualified Person as defined by NI 43-101 and the Company's CEO.  Mr. Henderson is not independent of the Company, as he is an employee of the Company and holds securities of the Company.

About Peru

Mining and extractive industries in the country account for approximately 15% of GDP and Peru is a significant producer of base metals and precious metals.  In world production, Peru is ranked #2 in copper production and #7 in gold production.  Politics in Peru is currently dominated by democratic center-right policy and the government understands the importance of mining to the national economy.  Mining law and regulatory framework in Peru is well-established and the country is competitive with respect to labour and power costs.  Fraser Institute Annual Survey of Mining Companies 2019 results show Peru is the second most attractive jurisdiction in Latin America and the Caribbean. 

About Latin Metals

Latin Metals is a mineral exploration company acquiring a diversified portfolio of assets in South America.  The Company operates with a Prospect Generator model focusing on the acquisition of prospective exploration properties at minimum cost, completing initial evaluation through cost-effective exploration to establish drill targets, and ultimately securing joint venture partners to fund drilling and advanced exploration.  Shareholders gain exposure to the upside of a significant discovery without the dilution associated with funding the highest-risk drill-based exploration.  

On Behalf of the Board of Directors of

LATIN METALS INC.

"Keith Henderson"

President & CEO

For further details on the Company readers are referred to the Company's web site (www.latin-metals.com) and its Canadian regulatory filings on SEDAR at www.sedar.com.

For further information, please contact:
Keith Henderson
Suite 2300
1177 West Hastings Street
Vancouver, BC, V6E 2K3
Phone: 604-638-3456
E-mail:  info@latin-metals.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995.  All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the negotiation of the Option Agreements and exercise of the Option for the Properties, the anticipated content, commencement, timing and cost of exploration programs in respect of the Properties and otherwise, anticipated exploration program results from exploration activities, and the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral deposits/resources/reserves on the Properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements.  Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct.  Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved.  In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, market fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Company's Argentine projects in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Company projects, and the Company's ability to comply with environmental, health and safety laws.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information.  Such risks and other factors include, among others, operating and technical difficulties in connection with mineral exploration and development and mine development activities at the Properties, including the geological mapping, prospecting and sampling programs being proposed for the Properties (the "Programs"), actual results of exploration activities, including the Programs, estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, costs of production, capital expenditures, the costs and timing of the development of new deposits, the availability of a sufficient supply of water and other materials, requirements for additional capital, future prices of precious metals and copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible variations in ore grade or recovery rates, possible failures of plants, equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, delays or the inability of the Company to obtain any necessary permits, consents or authorizations required, including TSX-V acceptance for filing of the Option Agreements, any current or future property acquisitions, financing or other planned activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities, risks related to joint venture operations, and risks related to the integration of acquisitions, as well as those factors discussed under the heading "Risk Factors" in the Company's latest Management Discussion and Analysis and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR website at www.sedar.com.

Readers are cautioned not to place undue reliance on forward looking statements.  Except as otherwise required by law, the Company undertakes no obligation to update any of the forward-looking information in this news release or incorporated by reference herein.

-30-

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AGG Announces Significant Intersections Including 41.80 g/t Au and 19.70 g/t Au in its Ongoing Phase 4 Drilling Campaign

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AFRICAN GOLD GROUP ANNOUNCES SIGNIFICANT INTERSECTIONS INCLUDING 41.80 G/T AU AND 19.70 G/T AU IN ITS ONGOING PHASE 4 DRILLING CAMPAIGN

Toronto, Canada – January 13, 2021 – African Gold Group, Inc. (TSX-V: AGG) ("AGG" or the "Company") is pleased to provide an update on the ongoing exploration drilling programme and the recent significant drilling results at the Kobada Gold Project ("Kobada") on its Phase 4 infill drilling programme targeting an upgraded resource model in early 2021.

Highlights:

  • Significant new drill intersects at the main shear zone of the Kobada Gold Project. Drilling highlights include:
    • 11.95 g/t Au over 4.0 m from 39.0 m to 43.0 m (Drill hole KB20_PH4A_31)
      • Including 3.78 g/t Au over 1.0 m
      • And 41.80 g/t Au over 1.0 m
    • 4.49 g/t Au over 6.50 m from 167.0 to 173.5 m (Drill hole KB20_PH4A_28)
      • Including 19.70 g/t Au over 1.40 m
    • 1.21 g/t Au over 10.0 m from 38.0 to 48.0 m (Drill hole KB20_PH4A_27)
      • Including 4.19 g/t Au over 1.0 m
      • And 4.07 g/t Au over 1.0 m
  • The drill program has extended the depth of the oxide-sulphide boundary from an anticipated 110 m to a more realistic 180 m at the northern extensions of the main shear zone, representing an approximate 60% increase.
    • This has highlighted the continuity of the mineralization in oxides at depth beneath the current pit design apart from the presence of high grades in sulphides to support potential future underground mining at Kobada.
  • High-grade gold mineralisation, plus numerous recent strong intersections consistently reported from outside the mineral resource estimate in the NI 43-101 Technical Report on Kobada Gold Project dated June 17, 2020 (the "2020 DFS") will be incorporated in the next mineral resource estimate update for early 2021.

To date, the Company has drilled 6,257.50 metres of combined Diamond Drilling ("DD") and Reverse Circulation ("RC") with encouraging results continuing to show deeper than anticipated extensions of the orebody.

The Company has completed Phase 4A drilling aimed at upgrading the inferred resource in oxides at the northern extension of the current pit design at Kobada concessions. After evaluating the results, the Company intends to continue with Phase 4B and C, aiming at the conversion of the majority of the 575,000 ounces of inferred oxide resources. The technical team is encouraged with the large number of high-grade intersections at very shallow levels, as well as at deeper levels, but still in the "soft-rock" saprolite, which extends deeper than originally anticipated, thereby increasing the volume of the known orebody.

The Company`s key internal goal for the Q1 2021 is to further show the considerable potential for increased resource base at Kobada Gold Project. The Company expects to incorporate the results of the drilling programme in the next mineral resource estimate update on track for early 2021.

Dr. Andreas Rompel, Vice President Exploration of AGG, commented:
"We are very happy to report more high-grade results from our highly successful endeavour to upgrade a portion of our inferred resource in the oxides to the indicated and measured category. Furthermore, we have discovered that a large portion of this orebody has oxides reaching deeper into the ground than originally anticipated, thus, leading to an unforeseen increase in volume of rock that we can mine in a future open pit. After a short break, we intend to continue pursuing this high-grade zone even further north along this highly prolific shear zone and, with additional resources, test its gold-bearing neighbouring shear zones."


Overview of Drilling Programme
The Company`s exploration drilling programme is focused on the following targets:

  • Increase resource from newly identified shear zones at Kobada, Faraba and Kobada Est concessions (Phase 3)
  • Conversion of the inferred resources to measured and indicated category, with the goal of expanding the Reserve base to over 1 Moz (Phase 4)
  • Strike extension of the main shear zone at Kobada concession (Phase 5)

The Company intends to continue drilling for the northern strike extension of the highly prolific Kobada Shear (Phase 5 ABC) and at its neighbouring shear zone, the Gosso Shear, where the initial drilling results have confirmed gold mineralisation not only at surface, but also down dip at depth (Phase 3 ABC).

Drill rigs have been operating since early September 2020, and despite heavy rains, the Company has made very good progress in its exploration drilling programme. To date, 6,257.50 m have been drilled, of which 4,035 m were RC and 2,222.50 m were DD. The assay results from the infill drilling campaign on the Kobada main shear zone have confirmed that to date, large portions of the geological model correlate positively with the existing inferred resource estimate.

Figure 1: Plan view of drilling campaign at Kobada. Significant drill intersections and cumulative mineralization

The Kobada Gold Project
The Kobada Gold Project is an advanced stage gold development project located in Mali, Africa's 4th largest gold producing country. The property is located 126 km south-west of Bamako, the capital city of Mali, in the Birimian Greenstone Belt, with excellent transportation links to the capital and excellent logistics routes via other West African ports.

In July 2020, the Company released an updated definitive feasibility study that showed Kobada`s potential as a highly profitable standalone mine, delivering IRR of 45.5% and NPV of US$284 m, with an AISC of US$788/oz Au.

The Company continues to advance the Kobada Gold Project through an exploration drilling programme in parallel to negotiations on securing the financing for the construction of the project. Advanced discussions with several institutional investors are underway.

About African Gold Group
African Gold Group is a TSX Venture Exchange (TSX-V: AGG) listed exploration and development company with a focus on building Africa's next mid-tier gold producer. The Company has a highly experienced board and management team with a proven track record in the African mining sector operating mines from development through to production. AGG's principal asset is the Kobada Gold Project in southern Mali, which is in an advanced stage of development having completed the 2020 DFS and is targeting gold production of 100,000 oz per annum by Q2 2022. As well as the initial Kobada Gold Project, other exploration locations have been identified on the Kobada, Farada and Kobada Est concessions, offering potential for an increase in resource. For more information regarding African Gold Group visit our website at
www.africangoldgroup.com.

Qualified Person

The scientific and technical information contained in this press release has been reviewed, prepared and approved by Dr. Andreas Rompel, PhD, Pr. Sci. Nat. (400274/04), FSAIMM, Vice President Exploration of AGG, who is a "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and by Mr. Uwe Engelmann (BSc (Zoo. & Bot.), BSc Hons (Geol.), Pr.Sci.Nat. No. 400058/08, MGSSA), a director of Minxcon (Pty) Ltd and a member of the South African Council for Natural Scientific Professions.

For more information:
Danny Callow
President and Chief Executive Officer
+(27) 76 411 3803

Danny.Callow@africangoldgroup.com
 
Scott Eldridge
Non-Executive Chairman of the Board
(604) 722-5381

Scott.Eldridge@africangoldgroup.com
 
Daniyal Baizak 
VP Corporate Development
(647) 835-9617

Daniyal.Baizak@africangoldgroup.com
 
Camarco (Financial PR)
Gordon Poole
Nick Hennis
Monique Perks
+44 (0) 20 3757 4997

AfricanGoldGroup@camarco.co.uk

 
Cautionary statements
This press release contains "forward‑looking information" within the meaning of applicable Canadian securities legislation. Forward‑looking information includes, but is not limited to, statements regarding, the Company's drilling and exploration programmes, expectations of increase in or conversion of resources and/or reserves at the Kobada Gold Project, timeline for delivery of future mineral resource estimates and extensions of orebody depth and length, anticipated construction timeline at the Kobada Gold Project and financing thereof. 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", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements 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 AGG to be materially different from those expressed or implied by such forward‑looking information, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour disputes and shortages 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.

 
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Table 1: Assay results from the mineralized zone

Cumulative Mineralization Widths

Significant Intersections (above 1 g/t Au) 

     
     
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