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African Gold Group Adds Proven Mine Builder, Danny Callow, as Chief Operating Officer

  • STRONG LEADER TO BUILD AGG INTO MID-TIER GOLD PRODUCER

/EIN News/ -- TORONTO, Aug. 13, 2019 (GLOBE NEWSWIRE) -- African Gold Group, Inc. (TSX-V: AGG) (“AGG” or the “Company”) is pleased to announce that Danny Callow has agreed to join the Company as Chief Operating Officer.

Mr. Danny Callow, over his more than 20-year mining career, has built an extensive track record developing and operating mines throughout Africa. Prior to joining AGG, Mr. Callow was Head of African Copper Operations for Glencore PLC (“Glencore”), where he oversaw all Glencore copper operations in Africa, including operations in the DRC and Zambia, which produced more than 500,000 tonnes of finished copper annually and employed more than 25,000 workers. At the same time, he managed capital projects totaling more than $2.5 billon.

During his time at Glencore, Mr. Callow was Chief Executive Officer and Executive Director of Katanga Mining Limited and Chief Executive Officer of Mopani Copper Mines PLC. Mr. Callow holds an MBA from Henley Management College and a Bachelor (Hons) of Mining Engineering from the Camborne School of Mines as well as a non-executive Director professional diploma from FT-London.

“We could not be more thrilled to have Danny joining the team at African Gold,” said Mr. Stan Bharti, Chairman and Chief Executive Officer of the Company. “With his extensive experience managing capital projects, operations and building world class operating teams, and with the recent financing in place, African Gold is well positioned to make the jump from developer to mid-tier producer.”

“I am very happy to be joining African Gold as we move from exploration towards production. The opportunity to build another greenfield mining project in Africa, and in particular Mali, is very exciting and I am looking forward to the opportunity,” commented Mr. Danny Callow, Chief Operating Officer. “From the most recent site visit, there is significant potential upside in this project, with a large number of prospective targets yet to be drilled. Our primary focus is on optimizing the resource, completing a definitive feasibility study and upgrading infrastructure, so we will be well positioned to start construction in the New Year.”

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 Bharti
President 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 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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