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 EldridgeNon-Executive Chairman of the
Board(604) 722-5381Scott.Eldridge@africangoldgroup.com
Daniyal Baizak VP Corporate Development(416)
861-2267Daniyal.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.
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