REGIONAL SOIL SAMPLING RESULTS FROM KING SOLOMON PROJECT CONFIRM PROSPECTIVITY AND SET STAGE FOR UPCOMING CORE DRILL PROGRAM ON KEY TARGETS
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce receipt from Scientific Services Laboratories of Cape Town, S.A. of geochemical results from its extensive soil sampling survey over its King Solomon Project in Mozambique. After careful integration with geological mapping to date, as well as results of ground geophysics surveys and sampling programs previously completed, the current data indicate a number of linear Cu-Au-Zn enriched zones are present, with the potential to host skarnoid-type Cu-Au mineralization over the Mankombiti target as well as mesothermal shear-hosted Au-Cu-Zn mineralization over the Eiland and Kazito targets. The regional soil sampling results corroborate the strong rock and chip sample results from the three main target zones previously announced in the Company’s Press Releases of September 17 and October 14, 2009, and January 11, 2010.
In excess of 7100 samples were collected and assayed as part of the soil sampling survey over the key targets in the license area, generally from relatively thin soils which reflect in situ material. Samples were collected along 100 m spaced lines with two samples collected at every 50 m. These included samples submitted for mini-BLEG gold analysis as well as samples submitted for AAS analyses for the elements Cu, Pb, Zn, Co, Ni, Mn and Fe. Applicable quality control procedures were adhered to in shipment as well as in the analytical process, with the necessary duplicates, blanks and in-house standards being submitted.
The gridded soil Au results define a number of significant soil anomalies over the Eiland, Kazito and to a lesser extent the Mankombiti and Ntumba targets. Approximately 6.5% of all samples reported had anomalous gold values in excess of 100 ppb Au. The gridded soil Cu results define a number of soil anomalies over the Kazito, Mankombiti, Ntumba and Messeca targets, with over 8% of all samples reporting Cu values in excess of 200 ppm.
The gridded soil Pb results, like the soil Zn results, are typically elevated over the metacarbonates within the Kazito, Mankombiti and Ntumba areas. Over 13% of the Zn values were in excess of 200 ppm.
Preparations are now underway for a 3000 m reconnaissance core drilling program set to commence immediately upon conclusion of the rainy season when vehicular access is possible. Principal drill targets have already been selected over the key target zones discussed herein and a drilling contractor has been secured. A site visit by our team to conduct further preparatory work is scheduled to take place later this month. Weather permitting, it is hoped that drilling will commence in the first part of April.
The King Solomon Project is located within the central parts of the Mesoproterozoic Fingoe Belt in western Tete Province, Mozambique. These rocks consist of metavolcanics, metasediments and intrusive granitic and gabbroic rocks. The license is the subject of the Earn-in and Joint Venture Agreement dated July 10, 2009 (the “Agreement”), with Swiss-based Opti Metal Trading Limited (“Optimetal”), covering exploration, development and exploitation of Prospecting License No. 884L held by Optimetal’s Mozambique subsidiary (the “License”). The License covers an area of approximately 230 km2 in the center of the Fingoe Belt, adjacent to permits which are the subject of existing earn-in and joint venture Agreements between the Company and Manica Minerals Ltd. and African Eagle Resources plc (AIM: AFE), respectively, covering an aggregate of 1359 sq.km.
The work program at King Solomon is being conducted by Remote Exploration Services (“RES”) of Cape Town, S.A. under the direction of C. Ocker on behalf of the joint venture partners. RES has been conducting field programs for the Company on the Fingoe Regional Gold Project from the initiation of the program in 2006. The Project is being managed on behalf of the Company by Senior Consulting Geologist Mr. Pete Siegfried (M.Sc., MAusIMM), a qualified person, who has reviewed and approved the contents of this Press Release. All sample results presented in this Press Release have been analyzed by Scientific Services Laboratories (Cape Town) and submitted under the guidance of Mr. Siegfried. Overall sampling and laboratory protocols are overseen by Mr. Ardito Martohardjono, a Director, who manages the Company’s laboratory services. Dr. Peter Christopher, P.Eng. of Vancouver, is presently preparing a Technical Report on the Project in accordance with N.I. 43-101.
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's licences in Botswana and Namibia comprise approximately 11,800 sq km of diamond prospects. In Mozambique it has approximately 1689 sq km of gold and other metals licences under agreements with three 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.