March 4 , 2009
CORE DRILLING COMMENCES ON AFRICAN QUEEN’S OK41 AT OKAVANGO DIAMOND PROJECT IN BOTSWANA
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce that drilling has now commenced on magnetic target OK41-hole1as part of a Phase 1 core drilling program on its Okavango diamond property in the Ngamiland area of Northwest Botswana. The drilling is being carried out on behalf of the Company by Botswana-based Discovery Drilling Africa (PTY) Ltd. utilizing a custom-built Discovery 1400 rig. OK41 is the priority target closest to the main access track and its choice for commencement of the drill program reflects the Company’s decision to order targets in a manner designed to create efficiency and minimize drill moving time and costs.
The Okavango property comprises three Prospecting Licences covering approximately 2592 km2 held by the Company’s wholly-owned subsidiary, PAM Botswana (Pty.) Ltd. It is situated on a recently recognised extension of the Archaean Congo Craton, which hosts numerous economic kimberlite and alluvial diamond deposits. The property is covered by sands of the Kalahari Desert of variable thickness, averaging approximately 60 m. The Company previously announced the discovery of G10 garnets and other kimberlitic indicator minerals in place over key circular targets generated through its airbourne and ground geophysics studies on the property.
The Phase 1 program encompasses approximately 2500 m of core drilling covering 12-15 holes to be drilled into select targets among the more than 100 distinct kimberlite targets identified by the Company’s geologic team. The goal of the drill program is to prove the existence of a virgin sub-Kalahari diamondiferous kimberlite field. A tricone system is being used to drill through the Kalahari sand cover, followed by core drilling to a depth of approximately 200 m once kimberlite is intersected. The drill program is being supervised by Dr. Andy Moore (Pr. Sci. Nat.), who is a Qualified Person with 30 years’ experience in diamond exploration in Southern Africa. The Site Manager is Mr. Michael Saunders, who has experience drilling in the Ngamiland region as well as in connection with the development of De Beers’ Letlhakane and Orapa diamond mines in Botswana.
The Company is an exploratory resource company with
diversified mineral properties in Southern Africa. It is exploring its properties in
Botswana and Namibia for diamonds, and it is exploring its properties in Mozambique
for gold and other metals. The Company licences in Botswana and Namibia comprise
approximately 11,800 sq km of diamond prospects. In Mozambique it has approximately
1350 sq km of gold and other metals licences under agreements with two other companies.
Its operations in Botswana are carried out through its operating subsidiary, PAM Botswana
(Pty) Ltd.; its operations in Namibia are carried out through its operating subsidiary PAM
Minerals Namibia (Pty) Ltd.; and its operations in Mozambique are carried out through its
subsidiary PAM Mocambique Limitada.
The Company has its executive offices in Vancouver, Canada.
ON BEHALF OF THE BOARD OF DIRECTORS OF
AFRICAN QUEEN MINES, LTD.
Chairman & CEO
For more information, contact:
President and CEO
Phone: (604) 899-0100
Fax: (604) 899-0200
Düsseldorf +49 (0) 1722 1234 47
London - +44 (0) 7780 602 788
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations.