Toronto - African Gold Group, Inc. (TSX-V: AGG) ('AGG' or the 'Company') is pleased to announce that it has successfully completed Phases 3A and 4A of its drilling program at the Kobada Gold Project aimed at upgrading the oxide resources in the inferred category to indicated and measured (Phase 4A) and to initially prove mineralisation at the neighbouring Gosso shear zone (Phase 3A).
Danny Callow, Chief Executive Officer of AGG, commented: 'It is very pleasing to have completed the initial 6,300 m phased infill drilling programme along our Kobada main shear zone and the step-out drill campaign at the nearby Gosso shear zone. The results from Gosso show that our regional focus that has identified up to 55 km of shear zones on the property which have the potential to be mineralised is bearing fruit, which can be converted into future resources. This is extremely encouraging for significant near-term resource upside potential. In addition, our thesis of deeper oxides within the current resource shell, with holes extending the oxides in saprolite down to 180m, and additional mineralised zones outside of our current ore resource envelopes gives us confidence in a positive improvement in resource and reserves as we update this information into our geological model.
We believe that 2021 will be a transformational year for AGG, and whilst this is still early days in the evolution of understanding the full Kobada potential, our short-term target still remains to hit 1 million ounces of mineable reserves as soon as possible.'
Andy Rompel, VP Exploration of AGG, commented: 'We are thrilled by the results of Phase 4A with the high-grade results from several of its boreholes and from the fact that we will gain volume for mining at depth through a deeper than expected soft rock / hard rock boundary. The latter will allow us to 'free-dig' in our scheduled open pit deeper than projected. Furthermore, we are now assured that our prolific Kobada shear zone extends further north and most importantly it is mineralised. We will continue to pursue the Kobada shear northwards during our next campaigns.'
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 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.
Contact:
Danny Callow
Tel: + (27) 76 411 3803
Email: Danny.Callow@africangoldgroup.com
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 resources or reserves at the Kobada Gold Project, timeline for delivery of future mineral resource estimates and extensions of orebody depth and length. 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.
TOUBANI RESOURCES INC. 
