African Gold to Acquire High Grade Brownfields Gold Project

New highly credentialed explorationists appointed to complement existing Board


HIGHLIGHTS

  • African Gold to earn into large landholding -1,534km2 in highly prospective underexplored Birimian greenstone belts in Côte d'Ivoire

  • Didievi Project (391km2) is located within emerging Oume-Fetekro Birimian greenstone belt and surrounded by existing multimillion ounce deposits and process plants

  • Blaffo Gueto Prospect - significant, large, high grade, mineralised system. Historical intercepts include:

- 83.3m at 3.3g/t Au from 166.9m incl. 18.0m at 12.0g/t Au

- 89.0m at 3.0g/t Au from 0m incl. 23.0m at 9.5g/t Au

- 43.0m at 4.3g/t Au from 57m incl. 17.0m at 9.5g/t Au

- 69.0m at 2.9g/t Au from 31m incl. 37.0m at 4.9g/t Au

- 37.0m at 7.7g/t Au from 42m incl. 24m at 11.0g/t Au

  • Koyekro permit along strike of Tietto Minerals Ltd (ASX: TIE) Abujar Gold Project

  • Previous regional work has defined a number of high-quality walk-up drill targets with only 2 prospects of 9 drill tested

  • Kohahiri N & S and Koyekro permits are applications and have not been explored to date

  • Highly credentialed technical executives, Simon Bolster and Peter Williams, to join Board to complement existing technical team - both credited with finding multiple multi-million ounce gold projects in West Africa

  • African Gold to undertake a two tranche placement of up to $1.7 million (before costs) at $0.10 per share and a fully underwritten 1 for 6 non-renounceable rights issue to raise approximately $1 million (before costs)


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