African Gold Group Appoints ABS Africa to Conduct ESIA at Kobada Gold Project
November 12 2019 - 5:00PM
African Gold Group, Inc. (TSX-V: AGG) (“
AGG” or
the “
Company”) is pleased to announce that
Advisory on Business and Sustainability Africa (Pty) Ltd
(“
ABS Africa”) was appointed to undertake the
Environmental and Social Impact Assessment (the
“
ESIA”) as well as the Environmental Permitting
Process for AGG’s Kobada Gold Project. The ESIA and permitting
process will be undertaken in partnership with a well-respected
local partner.
“ABS Africa offers a complete range of
sustainability services to clients in the mining, infrastructure
and energy sectors. Our team of social and environmental
professionals have completed numerous ESIAs in East, West and
Southern Africa. Our team is familiar with the need to ensure that
the project design and assessment process addresses both in-country
legal requirements as well as best practice guidelines such as the
Equator Principles and associated IFC Performance Standards” said
Fanie Coetzee, Director of ABS Africa.
“ABS Africa is looking forward to renewing its
working relationship with SENET and contributing to the successful
completion of the Kobada Gold Feasibility Study for AGG.”
As a part of the program to deliver a definitive
feasibility study, the Company is working on updating the approved
ESIA at the Kobada Gold project. The Kobada Gold project is fully
licensed and permitted by the Government of Mali. However, in
anticipation of the construction beginning in 2020, it was deemed
necessary by the management to update the ESIA to include the
results of the 2019 drill program and account for the developments
at site. Management of the Company does not expect any major
changes to the existing ESIA. The updated ESIA study will be
prepared in accordance to IFC and World Bank international
guidelines.
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 further information please
contact:
Stan BhartiPresident and Chief Executive
Officer(416) 861 2267
Forward-Looking Statements
This press release contains "forward looking
information" within the meaning of applicable Canadian securities
legislation. Forward looking information includes, but is not
limited to, the Company’s development and exploration plans for the
Kobada project, the timeline for the completion of the definitive
feasibility study and ESIA and other statements with respect to the
future plans or intentions of the Company. Generally, forward
looking 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", “aims”,
"intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". Forward-looking
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 the Company to be
materially different from those expressed or implied by such
forward-looking information, including but not limited to: general
business, economic, competitive, geopolitical and social
uncertainties; the actual results of exploration activities;
regulatory risks; risks inherent in foreign operations; and other
risks of the mining industry. Although the Company 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 forward looking information. The Company does not
undertake to update any forward-looking information, except in
accordance with applicable securities laws.
NEITHER THE 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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