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African Gold Limited (ASX:A1G)

ALERT: Price-sensitive ASX Announcement for A1G
Current share price for A1G : $1.040 0.695 (201.45%)+
Announcement
Release
27 Oct 2025 9:53AM
Price at Release
$0.345
Full Release
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Summary
African Gold Limited has identified significant gold anomalies at its Konahiri project in Côte d'Ivoire through geochemical soil sampling, with peak results showing up to 1.18 g/t Au. The company plans to continue geochemical exploration and commence a 5,000-meter diamond drilling program in November 2025, targeting high-priority zones. The project area is geologically characterized by felsic intrusive rocks and greenstone belts, with historical artisanal gold workings. Additional exploration will involve auger drilling and possibly Reverse Circulation drilling to further define the mineralization.
Key Points
  • High-grade gold indicators found with peak lag samples up to 1.18 g/t Au.
  • Multiple datasets support the continuity and scale of the gold anomaly in Konahiri.
  • African Gold Limited is continuing geochemical sampling to extend the 5 km soil anomaly.
  • A 3,000 m+ auger program prioritizes and refines drill targets.
  • A maiden diamond drilling program of at least 5,000 m is scheduled for November 2025.
  • Geochemical survey results identified an anomaly approximately 3.5 km long and 1.7 km wide.
  • Konahiri project area geology includes felsic intrusive rocks and greenstone succession.
  • Planned further exploration includes auger drilling and possibly Reverse Circulation (RC) drilling.
  • The project area has artisanal workings where gold was historically produced.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.