AFRICAN QUEEN MINES HIRES GREGORY NOWAK AS GHANA COUNTRY MANAGER AND NOYEM PROJECT MANAGER
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce that it has now engaged Gregory Nowak, P.Geo., to serve as its full-time Country Manager for its activities in Ghana and On-Site Project Manager for the Noyem Gold Project (the “Project”). Mr. Nowak is a highly seasoned Senior Geologist with more than 25 years experience, largely in exploration and project development. Most of his work has been in gold exploration in the West African countries of Ghana, Burkina Faso, Mali, Cote d’Ivoire, Liberia and Sierra Leone, as well as the western United States, Canada and South America. He has previously worked extensively throughout Ghana for Ashanti Goldfields, IGR and Red Back Mining, and is very familiar with the geology, mineralization and social structure there. He has worked in the Akyem and Konongo areas of Ghana, in the vicinity of the Project on the Ashanti Gold Belt.
Mr. Nowak holds both Bachelor’s and Master’s degrees in Geology. He is a Certified Professional Geologist and is a Qualified Person under N.I. 43-101. He resides in the U.S. and will be commencing services immediately. In addition to assimilating all data with respect to the project and preparing for the upcoming work programs, the initial focus of Mr. Nowak’s efforts will be to assist in finalization of the transfer of the Prospecting License for the Project from Newmont Ghana Gold Limited (“NGGL”) to the Company’s operating subsidiary, AQ Ghana Gold Limited (“AQGGL”). This transfer has been pending since November pursuant to the executed Purchase & Sale Agreement between NGGL and AQGGL. In addition, there remain issues under discussion with the local community and local miners concerning the boundaries of small scale mining in the vicinity of the Project. We are hoping for a speedy resolution of these issues to enable field work on the Project to get underway in the near future.
The Noyem License currently covers an area of approximately 28.9 sq. km. located within the Birim North District of Ghana’s Eastern Region, approximately 130 km. NW of Accra. It is at the northeastern end of Ghana’s well-known, gold-producing Ashanti Gold Belt, near Newmont’s Akyem deposit which is presently under development for potential production. It is also within approximately 100 km. of AngloGold Ashanti’s world-class Obuasi Mine and the old Konongo open pit gold mine. In addition to its close proximity to Accra which facilitates access, the Project is bisected in a NE-SW direction by a tarred road. It has long been host to large numbers of artisinal miners and in October, 2008, a shed-off area of 8.98 sq. km. adjacent to the current license area was reserved for small scale mining. The Company’s interest in the Project arises from its Earn-In and Joint Venture Agreement with Akan Exploration Ltd., a Marshall Islands company, pursuant to which the Company may earn an interest of up to 75% in the Project by funding work in prescribed stages through feasibility. Overall project supervision remains with Senior Consulting Geologist Pete Siegfried, a Qualified Person, who oversees the Company’s exploration programs throughout Africa.
About African Queen
The Company is an exploratory resource company with diversified mineral properties in Southern and West Africa. It is exploring its properties in Mozambique, Kenya and Ghana for gold and other metals and it is exploring its properties in Botswana and Namibia for diamonds. The Company’s licenses in Botswana and Namibia comprise approximately 9208 sq km of diamond prospects. In Mozambique it has approximately 380 sq km of gold and other metals licenses under agreements with two other companies. In Kenya it has approximately 112 sq. km. of gold and other minerals licenses under an agreement with another company. 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.; its operations in Mozambique are carried out through its subsidiary PAM Mocambique Limitada and its operations in Ghana are carried out through its subsidiary AQ Ghana Gold Limited. Its operations in Kenya will be carried out by an operating subsidiary presently being formed. 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.