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African Gold says its delivered US$50,000 worth of projects to assist communities at Kobada region

The firm's flagship asset is Kobada, from where it aims to produce 100,000 ounces of gold a year by the second quarter of 2022

African Gold Group, Inc. -
Due to excessive rains last season, Lanseni Diawara, Chief of Samaya village requested the firm help with the rehabilitation of a bridge between the Samaya and Kobada villages

African Gold Group Inc (CVE:AGG) (FRA:3A61) has delivered projects worth over US$50,000 to aid local communities in the Kobada region in Mali, it said, as the company updated on corporate social responsibility (CSR) activities it carried out in the fourth quarter of 2020. 

The firm's flagship asset is the advanced Kobada gold project where it aims to produce 100,000 ounces a year by the second quarter of 2022. 

READ: African Gold Group extends drilling at flagship Kobada gold project after more encouraging assays

These CSR projects are part of the Africa - focused group's overall environmental and social management plan (ESMP) and are just one part of a more focused, longer term plan, it told investors in a statement.

"We are very proud of the team at Kobada and the scores of volunteers that have assisted us in delivering a number of key projects in the Kobada region," said Danny Callow, the CEO of AGG.

"Our alliance and ongoing positive enhancements in and around our mine site reinforce our commitment to the local communities and Mali as a whole. These projects have tackled critical infrastructure and health issues, and even though we are not in construction, have delivered projects costing more than US$50,000 to aid and assist the local communities."

The highlights of the CSR work carried out in the fourth quarter were as follows:

  • Rehabilitation of a critical bridge between Samaya and Kobada village to ensure safe passage of personnel, medical supplies, and equipment to the region.
  • Rehabilitation of roads and a bridge in Kobada village to allow safe passage of people and vehicles across a previously hazardous route.
  • Construction of a four main water channels in the Kobada village area to prevent standing pools of water, a breeding ground for malaria and a high risk for an increase for malaria infection.
  • Start of repairs on the 8km Samaya to Kobada road, a critical transport link connecting the local communities.

The Kobada project is in Mali, Africa’s fourth largest gold producing nation. It lies 126 km south-west of the capital Bamako and has excellent transportation links to the capital and excellent logistics routes via other West African ports.

Shares gained around 3% to C$0.17 each.

Contact the author at giles@proactiveinvestors.com 

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Price: 0.135 CAD

TSX-V:AGG
Market: TSX-V
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