African Gold Limited holds 100% of 1400km2 of the highly prospective Agboville Gold Project through its wholly owned subsidiary Golden Ivoire SARL. The project area is located less than 100km north west of the economic capital and largest city in Cote d’Ivoire, Abidjan. The Project is located in the south east of the West African Craton in an area referred to as the South-Comoe Domain, part of what is referred to as the Birimian – Paleoproterozoic rocks of West Africa. The Project is considered to have excellent prospectivity for gold, but is also considered to have potential for nickel, cobalt, copper, lithium, tantalum, niobium and beryllium. Results from our maiden Air Core drilling and trenching program on a small portion of a robust +30k long gold-in-soil anomaly are viewed as extremely encouraging and point to the discovery of a large gold system.
African Gold Limited holds 9 permits for a total of 446km2 in Mali. Eight of the projects are located within the prolific gold producing Kedougou-Kenieba (KKI) Inlier in Western Mali and one along the Syama Shear Zone along strike from Resolute Mining’s +10Moz Syama Mine Complex. Permits within the KKI are located close to the prolific Senegal Mali Shear Zone (SMSZ) between the AngloGold Ashanti / IAMGold Sadiola Mine (15 Moz) and Barrick’s Loulo-Gounkoto Mine Complex (14 Moz). All permits have numerous high-quality untested targets (conceptual geological, geochemical, geophysical, historic intercepts and extensive artisanal workings). Results from our maiden RC drilling programs carried out late 2019 have returned very significant high-grade intercepts from drilling at our Sitakili Permit.