Screen Fire Assays Returns 10m at 123g/t Gold from 66m at Didievi Gold Project



HIGHLIGHTS

  • Screen fire assays received on high grade (+5g/t gold) samples highlight high grade component of the system at the Didievi Gold Project

  • Shallow high grade gold assays include:

- 10.0m at 123g/t gold from 66m including 2.0m at 613g/t gold (DRC334)

- 17.4m at 17g/t gold from 244m including 1.0m at 216g/t gold (DDD0029)

  • Complements historical high grade assay of 0.74m at 192.5g/t gold from 47.76m (DDD0013)

  • African Gold encouraged to have high grade gold system as well as broad zones of mineralization including:

- 83.3m at 3.3g/t gold including 18.0m 12.0g/t gold (DDD01)

- 80.0m at 3.0g/t gold including 23.0m at 9.5g/t gold (DDD013)

- 37.0m at 7.7g/t including 24.0m at 11.0g/t gold (DRC208)

- 27.0m at 4.6g/t including 11.0m at 11.1g/t gold (DRC337)

  • Future assays will include screen fire assays for all samples over 5g/t gold to ensure this high grade component is captured in the system

  • The BG system at Didievi is currently over 1.5km x 1km and open with a number of new lodes identified as part of the recent drilling program

  • Rights issue to raise approximately $3.9 million

  • African Gold to undertake 2 for 7 non-renounceable rights issue at $0.15 per share to raise approximately $3.9 million (before costs)


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