AFRICAN QUEEN MINES COMMENCES CORE DRILLING AT KING SOLOMON PROJECT IN MOZAMBIQUE; RECENT IP SURVEY CONFIRMS PROSPECTIVITY
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”)”) is pleased to announce that core drilling has now commenced on the King Solomon Project in western Tete Province in Mozambique (the “Project”). The initial reconnaissance drill program of approximately 2000-3000 m is being conducted on a contract basis for the Company and its partner, Swiss-based Opti Metal Trading Limited (“Optimetal”), by Resource Drilling Mozambique Lda. of Tete, Mozambique. Resource Drilling has been active in most parts of Africa over the past 15 years and has a fleet of some 20 drill rigs.
The drilling program began with the construction of all necessary access tracks, selection of drill sites and mobilization of the drill rig to site. Approximately 15 reconnaissance boreholes are planned for this first pass program to a depth of 150-200m. A track-mounted drilling rig has now commenced the first hole, which is on the Mankombiti target, utilizing HQ size core.
During the past few months while awaiting an end to this year’s extended rainy season, the Company concluded a thorough review of all geochemical and geophysical results from the Project. In addition, it was decided to undertake an induced polarization (“IP”) survey to assist in defining the final drill targets. This was successfully concluded in May and a number of conductive anomalies have been identified. Many of these are co-incident with the projected dip of the known surface mineralisation. The surface mineralisation is identified as a magnetite rich, copper bearing shear zone located on the contact zone of overlying limestone marbles and underlying granites.
The previous geochemical, magnetic and geological mapping results have now been integrated with data from the recent IP survey to target mineralisation on the Mankombiti, Eiland and Kazito zones. The drilling program planned will allow for testing of these three highly prospective zones, and review of these results will enable future drill planning for other already identified targets (see PR dated January 11, 2010). Data obtained to date 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 IP survey data were collected by the geophysical division of Remote Exploration Services of Cape Town, S.A. (“RES”) and a total of 7 section lines comprising approximately 9 line km were completed. Four lines located on the Kazito Target have allowed 3-D modelling, with all sections confirming the presence of a substantial conductor at depth. In addition it was determined that much of the area underlain by the conductor is covered by alluvium. The results on the Mankombiti Target confirm the geological as well as magnetic mapping previously conducted. It is clear that the conductor is flanked by resistive and non-conductive rocks, namely the hanging wall limestones and the footwall granites, which is the expected setting of the mineralised sheared contact zone. Modelling has indicated that the upper levels are fairly resistive whereas at about 40 – 50 m below surface a prominent conductor is present. This conductor is located near where the interpreted water table would be, and may reflect supergene enrichment. However, the anomaly may mask continuation of this body with depth. The quality of the data is regarded as good with sufficient penetration encountered.
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 Project is the subject of the Earn-in and Joint Venture Agreement dated July 10, 2009 (the “Agreement”), with 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.
The work program at King Solomon is being conducted by RES 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.
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.