African Gold Group, Inc.: Mankranho Project Update.TORONTO -- Drills Continue to Intersect In a relational database, to match two files and produce a third file with records that are common in both. For example, intersecting an American file and a programmer file would yield American programmers. Gold Mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. Zones, Including High Grade Veins & Visible Gold African Gold Group, Inc., (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:AGG AGG Aggregate AGG Allgemeines Gleichbehandlungsgesetz AGG African Gold Group, Inc. AGG Arnall Golden Gregory LLP (Atlanta, GA) AGG Aggravated AGG Asociación de Gerentes de Guatemala )("AGG" or the "Company") is pleased to report the results of diamond drill holes 13 through 24, representing the balance of results for the first 24 holes drilled to date at AGG's Mankranho concession, located in Ghana, West Africa West Africa A region of western Africa between the Sahara Desert and the Gulf of Guinea. It was largely controlled by colonial powers until the 20th century. West African adj. & n. . All results represent analysis performed by Eco-Tech Labs of Kamloops, Canada. Highlights AGG continues to be encouraged with the results from the initial portion of the Phase I drilling program located within Area I of the Mankranho concession . In particular:
- Area I North: widths up to 16.48 metres at 2.82 g/t gold;
including up to 1.50 metres at 43.40 g/t gold;
and 1.48 metres at 26.60 g/t gold
The Mankranho concession is located at the north-eastern end of the Sefwi Gold Belt in Ghana and lies along strike and contiguous to Newmont Mining Newmont Mining Corporation NYSE: NEM, based in Denver, Colorado, USA, is one of the world's largest producers of gold, with active mines in, Nevada, Indonesia, Australia/New Zealand, Ghana, and Peru. Some smaller operations include Bolivia, Mexico, and Canada. Corp.'s ("Newmont") 9.1 Moz Ahafo gold project, where production has been scheduled for Q3, 2006. The Mankranho concession has been subdivided into four separate areas (Area's 1, 2, 3 and 4) based on historical and/or current soil sampling, pitting, trenching, ground magnetic and IP geophysics geophysics, study of the structure, composition, and dynamic changes of the earth, its atmosphere, hydrosphere and magnetosphere, based on the principles of physics. (see attached map). Mr. Greg Hawkins Gregory Dale Hawkins was a trader and principal in the hedge fund Long-Term Capital Management that after four spectacularly successful years lost most of its clients' money in 1998 when the Russian government defaulted on its debt payments on August 17, 1998, triggering a , P. Geo., a director of AGG, stated that, "the continuity of mineralized sections along strike and to depth is very encouraging with results supporting the notion of fold and fault controlled gold. While much needs to be done to fully understand what controls the economic concentrations, the broad widths of mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. , isolated high-grade gold veins and numerous occurrences of visible gold all support the expectation of developing the broad economic grades encountered in the same geologic environments by Newmont at their Ahafo project, to our immediate south." AREA I All 24 of the diamond drill holes to date were concentrated within sub-regions of Area I. Diamond drill holes 13 through 17, plus holes 23 and 24 were collared in the sub region designated, "Area I - North." Diamond drill holes 18 through 22 were collared in the sub-region designated the, "Boundary Zone", located on the south western flank flank (flank) the side of the body between ribs and ilium. flank n. 1. The side of the body between the pelvis or hip and the last rib; the side. 2. of the AGG-Newmont (Mankranho-Ahafo) common border (see attached map). The 24 holes drilled to date represent 64.45% of the budgeted 10,000 metre diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral program that comprises a part of the Phase I exploration program at the Mankranho concession. As previously stated, these diamond drill holes were selected in order to gain a better understanding of: - The geological signature of the region; - The orientation of the geological structure; and - The geological features that control mineralization in the region. As detailed in the Company's Press Release dated November 09, 2004, the broad, lower grade gold-bearing zones intersected in Area I occur typically within tuffs and argillites exhibiting ductile ductile /duc·tile/ (duk´til) susceptible of being drawn out without breaking. duc·tile adj. Easily molded or shaped. ductile susceptible of being drawn out without breaking. deformation deformation /de·for·ma·tion/ (de?for-ma´shun) 1. in dysmorphology, a type of structural defect characterized by the abnormal form or position of a body part, caused by a nondisruptive mechanical force. 2. . Data from the initial drilling (i.e., core orientation data) in addition to newly acquired geophysics and satellite remote sensing Deriving digital models of an area on the earth. Using special cameras from airplanes or satellites, either the sun's reflections or the earth's temperature is turned into digital maps of the area. data will greatly assist in a more detailed structural interpretation of the region. The results of this exercise will be utilized to focus future drilling on the identification and delineation of brittle (jargon) brittle - Said of software that is functional but easily broken by changes in operating environment or configuration, or by any minor tweak to the software itself. Also, any system that responds inappropriately and disastrously to abnormal but expected external stimuli; e. deformation structures which commonly host the majority of lode gold deposits in the Ahafo area (i.e., large scale faults, extensive shear zones or fold hinges Hinges may refer to:
Area I - North Area I North is located in the northeastern region of Area I. A total of 6 of the 24 drill holes (holes 2, 4, 5, 8, 9, & 11) were the focus of the Company's press release dated November 09, 2004. These drill holes tested 200 metres of strike under trenches T5 (historic results included 1,321 ppb ppb abbr. parts per billion gold over 12 metres) and T6 (historic results included 1,062 ppb gold over 21 metres). Drill hole results reported in today's press release represent testing of other geochemical, geophysical ge·o·phys·ics n. (used with a sing. verb) The physics of the earth and its environment, including the physics of fields such as meteorology, oceanography, and seismology. and structural targets beyond Trenches 5 and 6, within the Area I - North region (refer to map). Gold mineralization in Area I North appears to be associated with multi-phase quartz veining vein·ing n. Distribution or arrangement of veins or veinlike markings. including vein swarms/quartz flooding +/- carbonate, disseminated disseminated /dis·sem·i·nat·ed/ (-sem´i-nat?ed) scattered; distributed over a considerable area. dis·sem·i·nat·ed adj. Spread over a large area of a body, a tissue, or an organ. fine-grained pyrite pyrite (pī`rīt) or iron pyrites (pīrī`tēz, pə–, pī`rīts), pale brass-yellow mineral, the bisulfide of iron, FeS2. , thin shear zones, and quartz-sericite-pyrite alteration zones. Significant Intersections: Area I North Results are tabulated based on the section line on which they were drilled. These section lines Section lines in the United States are one mile apart. When surveyors originally map an area, for instance a township, it was their custom to divide the new township into 36 - 1 square mile sections. Property ownership often followed this layout. A section is a 1 by 1 mile area. correspond to the existing or historical survey grid.
Section 129+00E
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Interval (m)
Hole --------------------------------- Au (g/t)
From To Length
----------------------------------------------------------
----------------------------------------------------------
MN04-13 56.50 58.00 1.50 0.56
166.90 168.03 1.13 0.58
187.25 194.49 7.24 0.56
191.48 193.00 1.52 1.85
325.50 333.00 7.50 0.31
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Section 131+00E
Trench 13: 0.48 g/t Au over 6 metres, including 1.43 g/t
Au over 2 metres
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Interval (m)
Hole --------------------------------- Au (g/t)
From To Length
----------------------------------------------------------
----------------------------------------------------------
MN04-14 75.00 76.50 1.50 0.44
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Section 133+00E
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Interval (m)
Hole --------------------------------- Au (g/t)
From To Length
----------------------------------------------------------
----------------------------------------------------------
MN04-17 No significant intersections
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MN04-23 No significant intersections
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MN04-24 59.00 60.50 1.50 0.31
75.50 78.72 3.22 1.42
incl 78.55 78.72 0.17 20.50
----------------------------------------------------------
Hole MN04-24 was drilled oblique to the section, toward
section 134+00E to intersect the possible strike extensions
of the gold-bearing veins encountered in drill holes MN04-15
and MN04-16 (Section 134+00E).
Section 134+00E
Trench 4: 0.42 g/t Au over 2 metres; composite chip sample
of quartz vein material with 6.09 g/t over 2.50 metres
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Interval (m)
Hole --------------------------------- Au (g/t)
From To Length
----------------------------------------------------------
----------------------------------------------------------
MN04-15 62.50 68.50 6.00 0.68
----------------------------------------------------------
95.50 111.98 16.48 2.82
incl 110.50 111.98 1.48 26.60
122.50 124.00 1.50 0.53
158.50 160.00 1.50 43.40
----------------------------------------------------------
MN04-16 116.15 117.65 1.50 0.33
122.30 128.30 6.00 0.47
159.00 160.50 1.50 0.92
165.00 166.50 1.50 0.51
178.50 180.00 1.50 0.38
206.00 221.65 15.65 0.87
incl 209.00 209.50 0.50 14.80
----------------------------------------------------------
Area I - Boundary Zone The Area I - Boundary zone is situated close to the AGG-Newmont (Mankranho-Ahafo) concession boundary. This area was identified by soil sampling and the completion of a 150 metre follow up trench, T19 (refer to map). Channel sample results taken from saprolite sap·ro·lite n. Soft, partially decomposed rock rich in clay and remaining in its original place. saprolite exposed in T19 returned an anomalous zone of 2,149 ppb gold over 10 metres, including a higher grade core of 5,413 ppb gold over 3 metres.
Significant Intersections: Area I - Boundary Zone
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Interval (m)
Hole --------------------------------- Au (g/t)
From To Length
----------------------------------------------------------
----------------------------------------------------------
MN04-18 61.00 62.50 1.50 1.83
----------------------------------------------------------
MN04-19 86.00 87.50 1.50 0.51
233.10 234.28 1.18 0.48
----------------------------------------------------------
MN04-20 197.30 198.80 1.50 0.30
----------------------------------------------------------
MN04-21 267.31 268.80 1.49 0.82
----------------------------------------------------------
MN04-22 220.50 222.00 1.50 0.78
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Drill hole MN04-18 tested Trench 19 at depth. Drill hole MN04-19 tested the strike potential 100 metres to the west of hole 18. Drill holes MN04-20, 21 and 22 tested the strike potential 100 metres to the east of hole 18 and were set up as a fence at 125 metre spacings. This press release has been reviewed and approved by Christopher O. Naas, P. Geo., a Qualified Person. African Gold Group, Inc., based in Toronto, is engaged in the identification, acquisition and exploration of prospective gold projects situated along significant gold trends in Ghana, West Africa. The Company's immediate focus is to systematically explore both surface, and in particular, subsurface sub·sur·face adj. Of, relating to, or situated in an area beneath a surface, especially the surface of the earth or of a body of water. Adj. 1. targets along three major gold trends: the Sefwi, Asankrangwa and Ashanti Gold Belts. On Behalf of the Board: Kevin J. van Niekerk President and Chief Executive Officer NOTE: A map is available on CCNMatthews' website at: http://www2.cdn-news.com/database/fax/2000/agg1118.pdf The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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