REPEAT - African Gold Group Assists in Keeping Critical Transport Link Open in Mali

African Gold Group, Inc. (TSX-V: AGG) (" AGG " or the " Company ") is pleased to provide an update on its commitment to social responsibility at its Kobada Gold Project in south-western Mali. With Mali experiencing one of the longest and wettest rainy seasons in recent memory, AGG's team on the ground has been involved in assisting local stakeholders in keeping key roads and infrastructure open.

The Samaya to Kobada road is a critical transport link from the Niger River that provides access for goods, services and medical facilities for several local communities. Due to the excessive rains this season, the road has become impassable in places. However, with the assistance of Etasi, the drilling contractor on site, and the wider AGG team, significant efforts have been made to keep the logistics routes open.

In the past few weeks, it became apparent that a major bridge on this route was deteriorating to the extent that the local chief feared it could collapse. Mr. Lanseni Diawara, Chief of Samaya town requested assistance from AGG before the route was cut off and the villages of Kobada and Faraba became completely isolated.

With assistance from our EPCM partners, SENET in South Africa, a design for the steelwork required was completed. Work started on a bypass that would allow traffic to traverse the river in the short term and once completed, the main works on supporting a new structure over the old bridge will commence. The steelwork and other construction materials have been paid for by AGG, and Senet has assisted with the engineering design.

All labour costs will be met by AGG but the village chief Mr. Lanseni Diawara has promised that the villagers will also assist with labour in getting the work completed. Total costs for work carried out are estimated at more than $25,000 and is a substantial commitment to ensuring that local villages have continued access to this critical infrastructure.

"I am very happy with this project and very pleased to be here on the first day of work. Both personally, and in the name of the communities of Samaya and Kobada, I would like to thank AGG for their efforts. It is hard to put into words just how much both I and the communities of Samaya and Kobada appreciate this project," commented Chief Diawara at the opening ceremony.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ad40aa1d-a30e-40e7-b446-a6e846337933

Groundbreaking ceremony. From left to right: Mr Vince Andrews ( Camp Manager, AGG ) , Lansine Diawara (Chief of Samaya) and Dantouma Diawara (Chief of Kobada)

"We have experienced one of the most challenging rainy seasons this year in Mali, and our teams have been busy throughout repairing roads and infrastructure to assist the local villages," says Danny Callow, Chief Executive Officer of AGG. "The construction of the bridge is vital in ensuring safe access to the villages of Kobada and Faraba from Samaya and Bamako and therefore, when we were asked to assist, we were very happy to do so. We believe in being good, socially responsible neighbours and are very passionate about our CSR programme which we are starting to roll out as the mine moves closer to construction. Local labour provided by the village chiefs and assistance from our partners such as Etasi Drilling and Senet has ensured that this project is completed quickly, safely and in line with attaining the goals set out in our Environmental and Social Management Plan. This project is a win-win for the local communities in ensuring vital deliveries of products and service, as well as keeping open vital transport routes for our operations as we forge ahead with our exploration drilling programme."

The bridge repairs are expected to take approximately three weeks and once complete will ensure the safety of all people crossing the river.

About African Gold Group

African Gold Group is a Canadian listed exploration and development company on the TSX Venture Exchange (TSX-V: AGG) with its focus on developing a gold platform in West Africa. Its principal asset is the Kobada Project in southern Mali. For more information regarding African Gold Group visit our website at www.africangoldgroup.com .

For more information:

Danny Callow
President and Chief Executive Officer
+(27) 76 411 3803
Danny.Callow@africangoldgroup.com

Scott Eldridge
Non-Executive Chairman of the Board
(604) 722-5381
Scott.Eldridge@africangoldgroup.com

Daniyal Baizak
VP Corporate Development
(416) 861-2267
Daniyal.Baizak@africangoldgroup.com

Cautionary statements

This press release contains "forwardlooking information" within the meaning of applicable Canadian securities legislation. Forwardlooking information includes, but is not limited to, statements regarding, the infrastructure work commitments. Generally, forwardlooking 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".  Forwardlooking 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 forwardlooking 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 AGG 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 forwardlooking information. AGG does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Primary Logo

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
African Gold Group

African Gold Group

Overview

African Gold Group (TSXV:AGG) is a Canadian gold development company currently pursuing projects in resource-rich West Africa. The company is focused on its Kobada gold project in Southern Mali, West Africa. This low capital project is fully permitted, features low operating costs and presents significant upside, with the potential to produce more than 100,000 ounces of gold per annum. With a focus on gold development, African Gold Group has a first-mover advantage by being one of the few construction-ready projects in West Africa.

Kobada gold project is located in Southern Mali in the Sikasso administrative region, near the border of Guinea, and is considered to be a mining-friendly environment with strong government support that is well-aligned for the country’s long term stability. In August 2020, the African Gold Group announced a partnership with SAFE Ltd to enable provenance and transparency of its supply chain process to address changes in conflict minerals regulation and strengthen awareness of local distribution processes.

Keep reading...Show less

Low-Cost Gold Development in West Africa

Gold bars with rising graph overlay and text "Weekly Editor's Picks."

Editor's Picks: Gold Knocks Out Inflation-Adjusted High, Silver Breaks US$42

Gold's record-setting price run continued this week, with yet another new all-time high in the books. Silver also fared well, breaking US$42 per ounce.

According to Bloomberg, gold has now also surpassed its inflation-adjusted all-time high of US$850 per ounce, which it set more than 45 years ago on January 21, 1980. The news outlet notes that at the time the US was dealing with currency issues, inflation and recession concerns.

These are problems that sound all too familiar today. This week brought the release of the latest US consumer price index (CPI) data, which shows a 0.4 percent month-on-month increase for the all-items index — that's ahead of estimates and the most since the start of 2025.

Keep reading...Show less
Gold pan holding pieces of gold from creek placer deposit, with words '5 Top Canadian Mining Stocks This Week.'

Top 5 Canadian Mining Stocks This Week: Guardian Exploration Gains 94 Percent

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

On Thursday (September 11), Canadian Prime Minister Mark Carney revealed the first tranche of projects selected by the newly created Major Projects Office.

The goal of the office is to accelerate timelines for projects deemed to be in the national interest, which include infrastructure, natural resources and technology. The office is being led by Dawn Farrell, who previously served as president and CEO of TransAlta (TSX:TA) and Trans Mountain. Three of the five projects announced are well into permitting or development and the Prime Minister said that the intention was to help them with a final regulatory push or to find the financing needed to complete.

Keep reading...Show less
Hamak Gold

Admission to Trading on the OTCQB Market

Hamak Gold Limited (LSE: HAMA / OTCQB: HASTF), a company combining traditional gold exploration in West Africa with a Digital Asset Treasury Management strategy, is pleased to announce that the Company's shares have been admitted to trading on the OTC Venture Market ("OTCQB") in the United States, under the symbol "HASTF". No new Ordinary Shares have been issued by the Company for this parallel trading of its shares.

The purpose of the listing of shares on the OTCQB is to broaden the Company's exposure to the North American investor markets and to increase trading liquidity in a drive to deliver shareholder value.

Keep reading...Show less
Stock market display with "Mergers and Acquisitions" in green and white text.

Barrick’s Plan to Sell Hemlo Mine for US$1 Billion Marks Canadian Exit

Barrick Mining (TSX:ABX,NYSE:B) has agreed to sell its Hemlo gold mine in Ontario for up to US$1.09 billion, transferring one of Canada’s most storied gold operations to a new owner and continuing Barrick’s shift away from non-core assets.

The company announced on Thursday (September 11) that Carcetti Capital (TSXV:CART.H,LSE:ORUG), which will be renamed Hemlo Mining (HMC), will acquire the mine under terms that include US$875 million in cash, US$50 million in HMC shares, and as much as US$165 million in contingent payments tied to future gold prices and production.

Barrick president and chief executive Mark Bristow said that the sale is part of the company’s ongoing capital allocation approach, noting that proceeds will help bolster the company’s balance sheet and fund returns to shareholders.

Keep reading...Show less
Gold nuggets beside text: "5 Top Australian Mining Stocks This Week."

Top 5 Australian Mining Stocks This Week: Zenith Minerals Strikes Gold at Red Mountain

Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks listed on the ASX, starting with news in Australia's resource sector.

Companies focused on a mix of minerals and resources once again form this week’s top stocks list, including ones searching for gold, rutile, graphite, lithium and oil.

Significant news, including broad mineralisation discoveries and new acquisitions, drove the top performers this week, which you can learn more about in the list below.

Looking at the bigger picture, Australian lithium stocks took a hit this week following the announcement of Chinese battery giant Contemporary Amperex Technology's (SZSE:300750,HKEX:3750) reported production restart at its Jianxiawo lithium mine in Yichun. Lithium prices and mining companies had previously been lifted in mid-August after the mine was suspended.

Keep reading...Show less
Toronto Stock Exchange sign on a stone wall.

Newmont to Exit Toronto Stock Exchange as Cost Cuts Deepen

Newmont (TSX:NGT,NYSE:NEM,ASX:NEM) is preparing to withdraw from the Toronto Stock Exchange later this month, the latest in a string of moves to streamline operations and rein in costs following its US$15 billion takeover of Newcrest Mining in 2023.

The Denver-based miner said Wednesday it has applied for a voluntary delisting of its common shares from the TSX, effective at the close of trading on September 24.

Keep reading...Show less

Latest Press Releases

Related News

Ă—