AFRICAN QUEEN MINES COMMENCES AIRBOURNE GEOPHYSICAL SURVEY AT RONGO GOLD FIELD PROJECT IN KENYA'S LAKE VICTORIA GREENSTONE BELT
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce that it has now commenced a detailed airbourne geophysical survey on its Rongo Gold Field Project, which covers an area of approximately 112 sq. km in the Kanango gold mining area of the Migori District of Nyanza Province in Southwest Kenya near Lake Victoria. The survey is anticipated to highlight areas of structural interest such as faults and shear zones. Terrascan Airborne GmbH & Co Kg, based in Germany, has been contracted to carry out the program on behalf of the Company and has had extensive experience working in remote parts of Africa.
Both magnetic and radiometric surveys are being carried out over the license area. Preliminary tests and orientation were carried out during the last few days and flying has now commenced. The first day of data acquisition was successful. The survey is being conducted on 100 m line spacing with lines directed at 045o and a flying height of 70 m. Approximately 2700 line kilometres are planned. Data will be supplied to the Company on a daily basis and detailed interpretation will commence within the next few weeks.
The area of the license covers Archaean age metavolcanic lithologies, including basalts, andesites and rhyolites. These are all included in the Nyanzian System within which a number of gold mines are known. Migori, one of the earliest gold mines in Kenya, is situated to the immediate south of the Project. Importantly, the license area is not well blessed with outcrop and is considered to be underexplored even though artisanal mining is presently occurring on the Kamwango area of the license. Regional field mapping has been completed over the last three weeks and a very good understanding of the underlying geology has been developed. Magnetic susceptibility was measured on all outcrops and this will provide valuable information in integrating the geophysical survey data with the sub-surface geology.
Detailed geological mapping and trench sampling of the Kamwango area is presently being carried out by Remote Exploration Services of Cape Town, S.A. ("RES") on behalf of the Company. Overall project management is being provided to the Company by Senior Consulting Geologist Pete Siegfried (M.Sc., MAusIMM), a qualified person, who has approved the contents of this press release.
Saprolite is generally encountered after 2 meters of surficial, clay-rich soils are excavated, and therefore it is believed that geochemical sampling of these trenches should reflect the mineralisation of the underlying rock. Highly silicified and epidotised mafic volcanic lithologies as well as a number of quartz veins have been encountered. Sampling is being carried out with the appropriate methodologies and all samples will be submitted to accredited laboratory with the necessary CRM's (certified reference material), blanks and duplicates as demanded by N.I. 43-101 reporting standards.
The Project is subject to an Earn-In and Joint Venture Agreement (the "Agreement") between the Company and Abba Mining Company Limited ("Abba"), pursuant to which the Company may earn up to an 85% interest in the Project, by funding prescribed optional stages from exploration through feasibility. The present airbourne geophysical survey is part of the Phase 1 Exploration Program to assess the overall geologic structure of the License area and the likelihood of a commercially viable gold deposit within the License area, as well as to identify discreet drill targets for a Phase 2 core drilling program.
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.