Projects

Cote d’Ivoire

Today Cote d’Ivoire is among the fastest growing economies in the world, and one of the most dynamic in West Africa. Côte d’Ivoire introduced a progressive new mining code in 2014, and on-going infrastructure improvements are making the country one of the more investor friendly countries in Africa. There is a strong desire to diversify the economy with gold and other mineral products. Exporting electricity  is playing an increasing role in this diversification.  Last year Côte d’Ivoire produced around 25 tonnes of gold up from only 1.2 tonnes in 2007. The mining sectors turnover rose by 11.5% in 2017, an increase achieved mainly via exports of gold, manganese and nickel. The country has 5 major producing gold mines and a number of near term development projects including Ity and Agbou (Endeavour), Yaoure and Sissingue (Perseus), Tongon (Barrick) and Bonicro (Newcrest). Other mineral commodities that offer potential for economic development in Côte d’Ivoire include diamonds, petroleum, natural gas, copper, iron, cobalt, bauxite, tantalum, lithium and silica sand.

The Agboville Project - An Exciting, Under-Explored Opportunity

Background

African Gold has 100% of four granted contiguous tenements. The permits comprise a total of 1400km and are located 50 kilometres to the north west of the economic capital and largest city in Côte d’Ivoire, Abidjan.

The Project area is situated 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). This land is well located and considered to be very prospective for gold. It is also considered to have potential for nickel, cobalt, copper, lithium, tantalum +/- niobium and beryllium.
Mineralisation styles within the tenements are:

  • Shear Hosted Gold mineralisation
  • Layered mafic-ultramafic intrusion hosted nickel, copper, cobalt mineralisation
  • Lateritic nickel – cobalt mineralisation
  • LCT Pegmatites, potentially hosting lithium, tantalum, niobium and beryllium mineralization.

Until quite recently there is little evidence of any systematic modern exploration in the area. To date there has been no exploration drilling completed in the project areas, and the exploration concepts remain completely untested. A number of large (>15km), of robust, high tenor (max gold in soil 4.11g/t) gold-in-soil anomalies present walk up drill targets. Additional work is required to evaluate nickel – copper – cobalt and LCT pegmatite potential

Geology

The Project is located in the Birimian South-Comoe domain. At a regional scale in eastern Cote d’Ivoire the bedrock geology is characterised by an alternation of narrow bands of early Tonalite-Trondjhemite-Granodiorite intrusions, greenstones, volcano-sedimentary series and leucogranite intrusions striking roughly north east to south west. Numerous strike-slip faults and ductile shear zones are recognised across the region, mostly striking to the north-north-east.

At project scale the dominant rocks in the area are Birimian-age terrigenous sedimentary rocks of the Comoe series comprising of sandstones with a phyllitic matrix, arkoses and pelitic layers. There are graphitic and conglomeratic units. Volcanic rocks are also present within the sedimentary sequence however they only form a minor component. Within this sedimentary package a number of leucogranites and layered mafic – ultramafic intrusions have been emplaced. Late stage pegmatitic rocks associated with the leucogranite plutons are present.

The volcano-sedimentary series are affected by D1 to D3 deformation phases of the Eburnean Orogeny which here manifested as a WNW directed shortening event. A number of regional scale faults/shears are mapped with this north east to south west trend. In addition ductile shear zones are often developed along the edges of the granites.

Mapped mineral occurrences on the licences include columbite, tantalite, monazite, copper, nickel, cobalt, manganese and chromite within the tenements, and lithium and beryllium to the immediate north of the Agboville tenement boundary.
Pegmatites near the township of Agboville, just north of the project area are known to be of the LCT type, and the likely origin of a number of tantalum, lithium and beryllium mineral occurences in the area. The lithium, beryllium, columbite and tantalite occurrences are likely to be associated with LCT pegmatites derived from the leucogranite (meta-monzogranite) intrusion in the north of and extending beyond the tenement. Such pegmatites will be spatially associated with these intrusions. Pegmatites have not been identified by mapping within the Project to date.
Alluvial and elluvial gold mineralisation is known to the east and west of the project along the regional trend and recent exploration work in the project area has delineated a large and significant gold in soil anomaly. This soil anomaly trends to the north east – south west, suggesting that the gold mineralisation is associated with shear zones parallel to the regional structural trend.

Exploration to Date

Historical

Some of the area now covered by the permits which were previously held by Golden Star Resources who completed stream sediment; laterite and soil sampling. This work identifying two gold-in-soil anomalies. The first which is the broadest, is orientated east- west, 3.5 kilometres long and 1.5 kilometres wide. The second which is the longest, is orientated north east to south west and is in excess of 10 kilometres long and 1 kilometre wide. The maximum gold assay returning from the soil samples was 4.11 g/t gold. Exploration carried out to date has defined a number of significant, robust walk up drill targets. Up until African Golds recent drilling in April 2019 no mineral exploration drilling has ever been undertaken on this project area.

African Gold

Conducted a reconnaissance geochemical sampling program, during 2019 a total of 408, 2kg soil samples were collected and submitted to SGS Tarkwa for BLEG analysis of gold. Objectives of the program were to: infill 800 metres x 50 metres anomalies and define parallel mineralized structures to the main 20 kilometres gold in soil anomaly (Tyche Prospect); confirm and evaluate historical single point soil and LAG anomalies in areas of single point original testing, focusing on the southern extensions and a conceptual structural-magnetic target around the Agboville granite body and act as an orientation survey to evaluate BLEG as compared to FA for soils within the main Tyche Prospect.

Results of the program were considered extremely encouraging, with many samples returning anomalous gold values (maximum 589ppm gold). Infill sampling of historical 800 metres x 50 metres grid defined two new ENE striking anomalies to the east and west of the main Tyche Anomaly. The Eastern Anomaly is over 7 kilometres long and the South Western Anomaly is over 1kilometre long, both are open along strike. Follow up in areas outside the main soil grid highlighted a number of anomalous gold in soil results indicating significant areas of the project not currently covered should be followed up. Only 10% of the project area (~1,400km2) is covered by semi detailed (800 metres x 50 metres) soil geochemistry, 2.5% by detailed (200 metres x 50 metres) soil geochemistry and 55% by wide spaced LAG.

Results suggest the main Tyche anomaly could extend at least a further 10 kilometres to the SW. Results from the reconnaissance soil program supports the fact that anomalous LAG samples collected by Golden Star can for the most part be repeated by soil sampling and BLEG, thus giving confidence in previous results.

African Gold completed a 6,000 metre, 174 hole Air Core drilling program in May 2019. The program was designed to provide a first pass assessment of the robust ~20 kilometre northeast trending gold-in-soil anomaly, known as the Tyche Prospect.

Results are currently being compiled and will be released to the market as soon as possible.

Exploration Potential

Exploration Potential

Gold

Although there was no gold occurrences reported within the tenements by the SODEMI project undertaken in 1996, the historical soil sampling by Golden Star Resources recorded significant gold values of up to 4,110 ppb gold over a strike length of over 10 kilometres in the north eastern portion of the Agboville licence. The anomalous soil values formed a large and very robust gold anomaly.  Such a soil anomaly represents excellent exploration potential and could host several gold deposits along its strike. The trend of the soil anomalism parallels a number of mapped structures corresponding to the regional geological and structural trend in the tenement and surrounding area. It is likely that the source of the gold in soil anomaly is gold mineralisation associated with a NNE-WSW trending shear (or shears), possibly associated with the regional folding which have axial planes/fold hinges parallel to the trend of these shears. In addition to this there are a number of anomalies defined during the regional stream sediment and laterite sampling programs that have yet to be followed up.

Nickel-Copper-Cobalt +/- PGE

In the centre of the Project area outcrops a layered mafic- ultramafic intrusion approximately 9 kilometres x 4 kilometres in dimensions, elongate, like the granitiod intrusions in the area, in a north east to south west direction. Three other smaller intrusions are mapped to the north west, two of which in part lie within the Project tenements. A number of mineral occurrences are associated with these intrusions and are reported as copper-nickel, chrome-copper-nickel, nickel-cobalt, PGE-nickel-chrome and manganese-cobalt.

Lithium, beryllium, columbite and tantalite

Lithium, columbite and tantalite, or LCT bearing pegmatites are present in and around the granite intrusions surrounding the town of Agboville, just north of the project. And further east centred on the Adzope area. A number of Lithium, beryllium, columbite and tantalite occurrences are mapped spatially associated with several granitoids within and just to the north of the tenement suggesting that prospective pegmatites are likely to be present within the tenement.

Proposed Exploration Program

African Gold has proposed a dualistic multi-disciplinary exploration approach to evaluate the existing anomalies and generating new exploration targets. The proposed programs will target gold but also other known Li/Ta/Be and Cu/Ni/Co anomalies. The overall program will be phased with some later components of the program being contingent on positive results from earlier phases.

Since listing on the 14th February 2019 the company has been very active. We have completed a reconnaissance soil program, undertaken geological mapping and sampling and completed a 174 hole 6018 meters reconnaissance Aircore Drilling program over the northern most 10 kilometres of the more than 20 kilometer long Tyche gold-in-soil anomaly. Results for this drilling program are being compiled and will be release to the market as soon as possible.

Future Work Programs

Drilling has confirmed the stripped nature of the regolith profile and drill assays received to date suggest a reasonably close correlation between soil results and anomalism in drilling. Mapping in the southern part of the Tyche anomaly suggests a change in lithology and possible rheological contrasts within the broader corridor. Further work will focus on identifying and targeting changes jogs and changes in orientation of the mineralised structure, changes in lithologies and presence of small intrusive bodies.

Trenching will be undertaken where suitable to evaluate soils anomalies, surface mineralisation and anomalous drill intercepts. This will be followed by further Air Core and Reverse Circulation drilling to evaluate gold-in-soil anomalies, Air Core drill intercepts and results of pitting and trench results.

A soil sampling geochemical program will be undertaken to further define SW strike continuity of the Tyche anomaly, at least an additional 10 kilometres of strike. Multielement analysis will be done on soils from this southern extension program, as well as on selected lines on the 20km of the already defined Tyche gold-in-soil anomaly, these geochemical data will be used to identifying changes in geology along the strike extent of the mineralised shear zone. The area to the SW is complicated by flexures to the shear corridor, changes in mapped lithologies and the presence of a number of intrusive bodies. In addition to this mapping, rock chip and soil geochemical sampling of the mafic intrusive bodies will be undertaken to evaluate their potential to host base metal and PGE mineralization.

Falémé Project

Mali

Gold production dominates Mali’s natural resource sector, with Mali being the third largest gold exporter in Africa.  Gold is by far Mali’s most important export, comprising nearly 70% of total exports in 2017.  Gold panning form artisanal miners contributes approximately 10% of gold exports. Over two million people, representing more than 10% of the population, depend on the mining sector for income. Mali also has other mineral prospects as the majority of the territory remains largely unexplored and unmapped. Mali has a demonstrated history of discovery and ability to deliver value by building mines.

Background

The Falémé Gold Project located in western Mali comprises four permits comprising 111 km2 located on 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).

The project encompasses a major geological splay associated with a major flexure on the SMSZ with extensive alluvial and hard-rock artisanal gold workings scattered over 28 kilometers of strike potential.

By the payment of an aggregate amount of US$130,000 (Option Fee) to four vendors, African Gold has secured an option to acquire the permits comprising the Falémé Gold Project (Option).

Geology

The Project is located in within the Kenieba Gold Province in Western Mali, West Africa, approximately 560 km west of the Capital of Mali, Bamako.

The Kenieba-Kedougou Inlier is located to the extreme north-west of the Man shield and comprises a volcano-sedimentary sequence of Birimian rocks, tightly folded, and weakly metamorphosed during the Eburnean orogeny and intruded by syn-to-late tectonic granites. Upper Mid to Late Proterozoic sandstones and inter-bedded pebble conglomerates of the Taoudeni basin (often termed the Infra Cambrian), unconformably overlies the Birimian. Both the sedimentary and volcanic sequences are cross cut by dolerite, diorite and lamprophyre dykes.

In general the Birimian rocks comprise a series of fine-grained sedimentary and volcanic rocks. The sedimentary sequence consists of arenite, argillite, calc-silicates, greywacke and carbonates. The volcanic formations comprise andesites tuffs, tholeiitic basalts, and rhyolites with the mafic components predominating. The area underlain by African Golds Falémé Project comprises mostly sediments of the Daléma/Kofi Series.

In Western Mali, the Birimian rocks are transected by the regional NNW-SSE trending strike-slip fault known as the Senegal-Malian Shear Zone. This fault is present over a strike length of more than 500km. It is thought that Sadiola, Yatela, Fekola and Loulo gold deposits are related to this major structure.

Exploration to Date

Historical exploration was by various groups on various licences, some of the data is available some is not. Rigorous efforts have been made to acquire, collate compile and validate all significant material data. Exploration to date has very limited, with less than 25 holes having been drilled on three prospects over all four permits.

Great Quest Metals Ltd conducted campaign-based exploration on an area called the Bourdala Project between 2001 and 2012, which included some of the current licences. During this time they reported having done diamond drilling at the TD Area (3 holes for 471 metres) current BouBou permit and the Damba Massa Area (8 hole for 1178.5 metres) current Bourdala permit. GQ also carried out soil sampling, rock chip sampling and pitting. GQ commissioned the P.D.R.M to conduct a dipole-dipole induced polarization geophysical survey covering 1300 metre x 600 metre on the Damba Massa area.

SAB International conducted exploration in 2017 on the Diokeba Sud permit. This included regional mapping and 400 metres x 100 metre soil sampling. ABG Exploration Mali SARL conducted exploration during 2017-2018 on the BouBou permit. This included RC drilling at the Bourdala West Area (2 holes 235 metres) and Bourdala Area (10 holes for 1414 metres).

ABG also conducted soils sampling 400 metres x 50 metres, location on imaged results available.

Society Macina Gold Company SARL Tintinba Nord pitting, trenching, sampling.

The Tintinba Nord, Bourdala, BouBou and Diokena Sud permits which comprise African Gold Ltd’s new Falémé Gold Project are located in favorable structural positions associated with splays and accommodation structures close to and associated with the SMSZ. All the acquired permits have significant demonstrated gold anomalism either in the form of artisanal gold workings, gold-in-soil anomalies and or historical drill intercepts.

Selected historical reconnaissance RC and Diamond drill intercepts include:

Demba Massa Prospect:   

24 m @ 2.01 g/t gold
5 m @ 8.6 g/t gold3 m @ 1.8 g/t gold
2.1 m @ 5.63 g/t gold
3 m @ 2.83 g/t gold
2.3 m @ 3.40 g/t gold
1.6 m @ 5.00 g/t gold
2.9 m @ 2.37 g/t gold

TD Prospect:

5.5 m @ 2.9 g/t gold within a broader 23 m @ 1.0 g/t gold
9 m @ 1.04 g/t gold within a broader 26 m @ 0.58 g.t gold
64 m @ 0.23 g/t gold
7 m @ 4.2 g/t gold
4.3 m @ 4.3 g/t gold

Bourdala West Prospect:  

2 m @ 4.09 g/t gold

 

Exploration Potential

The Tintinba Nord, Bourdala, BouBou and Diokena Sud permits which comprise African Gold Ltd’s new Falémé Gold Project are located in favorable structural positions associated with splays and accommodation structures close to and associated with the SMSZ. All the acquired permits have significant demonstrated gold anomalism either in the form of artisanal gold workings, gold-in-soil anomalies and or historical drill intercepts.

Fewer than 25 shallow drill holes have been completed on only 3 prospects (all targeting artisanal sites) within the project area. Many of these have returned significant intercepts, structure and alteration.   Encouragingly for the discovery of a large gold system is the identification of broad zones of alteration, shearing encompassing multiple lithologies. Recently completed soil sampling surveys by the previous company at Diokeba and BouBou Prospects have returned numerous >1 kilometre, coherent, robust >40 ppb gold-in-soil anomalies that have never been drill tested.

There are multiple high-priority walk up drill targets on the properties.

Proposed Exploration Program

During the wet season to end early October exploration activities will be office based and consist of data collection, collation, validation and interpretation.

Post the wet season work will consist of detailed regolith and geological mapping; detailed mapping and sampling of artisanal sites; semi-regional surface geochemical sampling on the Tintinba Nord and Bourdala permits and infill geochemical sampling on the BouBou and Diokeba Sud permits. In addition to this pitting and trenching will be undertaken to help build the 3D regolith map and allow interpretation of the surface geochemical sampling programs.

Air Core and Reverse Circulation drilling will then be undertaken to evaluate existing and new targets.

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