African Queen Mines Limited

Published : October 08th, 2015

10/1/15 -AFRICAN QUEEN MINES ACQUIRES ADDITIONAL GROUND AT YELLOWJACKET GOLD PROJECT IN BRITISH COLUMBIA

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Keywords :   Canada | Dubai | Germany | Gold | Kenya | London |

10/1/15 -AFRICAN QUEEN MINES ACQUIRES ADDITIONAL GROUND AT YELLOWJACKET GOLD PROJECT IN BRITISH COLUMBIA

AFRICAN QUEEN MINES ACQUIRES ADDITIONAL GROUND AT YELLOWJACKET GOLD PROJECT IN BRITISH COLUMBIA

Vancouver, British Columbia - AFRICAN QUEEN MINES LTD. (the 'Company')is pleased to announce that it has now acquired four additional Mineral Claims under the B.C. Mineral Tenure Act aggregating 2411.38 hectares, in close proximity to its Yellowjacket Gold Project 9 km East of Atlin, B.C. (the 'Project'). The claims are in an area of interest to the South and West of the Company's existing license area and three of them are contiguous to the Company's existing license area. Together with the initial license area covering 5544.96 hectares, the Company now controls 27 mineral claims, placer claims and placer leases covering an aggregate of 7956.34 hectares or approximately 79.56 sq. km of strategic ground comprising the Project.

As previously announced by PR dated August 11, 2015, the Company completed its acquisition of the Project pursuant to the terms of an Asset Purchase Agreement dated August 5, 2015. The Project includes all mineral rights, claims and leases comprising the Project, all equipment located thereon and any reclamation bonds associated therewith. The Project is in one of the Province's most prolific historic gold mining camps and includes a permitted mining operation with both hard rock and placer exploration targets.

The Company is presently formulating its plans for exploration, development and potential mining of the Project. Acquisition of this additional ground in close proximity to its existing license area further secures the Company's land position and provides additional potential exploration targets.

About African Queen

The Company is an exploratory resource company with diversified mineral properties in East Africa. It is exploring its properties in Kenya for gold and other metals, where it has approximately 737 sq. km. of gold and other minerals licenses under agreements with two other companies. Its operations in Kenya are carried out through its operating subsidiary AQ Kenya Gold Limited. The Company has its executive offices in Vancouver, Canada. The Company was incorporated under the laws of the Province of British Columbia, Canada on April 30, 2008, and received certain southern African assets in a spin off transaction related to the acquisition of Pan African Mining Corp. by Asia Thai Mining Co., Ltd.

ON BEHALF OF THE BOARD OF DIRECTORS OF AFRICAN QUEEN MINES, LTD.

'Irwin Olian'
Irwin Olian
Chairman & CEO

For more information, contact:

Irwin Olian
President and CEO
E-mail: [email protected]
Phone: (604) 899-0100
Fax: (604) 899-0200

Carrie Howes
Corporate Communications
Email: [email protected]
Phone:
Dubai - +971 55 997 0427
London - +44 (0) 7780 602 788
Germany - +49 (0) 21141 740411
U.K. - +44 (0) 870 490 5443


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.

Read the rest of the article at www.noodls.com
Data and Statistics for these countries : Canada | Germany | Kenya | All
Gold and Silver Prices for these countries : Canada | Germany | Kenya | All

African Queen Mines Limited

EXPLORATION STAGE
CODE : AQ.V
ISIN : CA00830C1095
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African Queen is a gold exploration company based in Canada.

African Queen holds various exploration projects in Botswana, in Mozambique and in Namibia.

Its main exploration properties are KING SOLOMON and CAZULA in Mozambique, NOYEM NYAFOMAN in Ghana and OKAVANGO KIMBERLITE and TSAU KIMBERLITE in Botswana.

African Queen is listed in Canada and in Germany. Its market capitalisation is CA$ 2.5 millions as of today (US$ 2.0 millions, € 1.6 millions).

Its stock quote reached its highest recent level on October 08, 2010 at CA$ 0.75, and its lowest recent point on September 11, 2015 at CA$ 0.01.

African Queen has 101 190 000 shares outstanding.

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Financings of African Queen Mines Limited
3/6/2012ANNOUNCES PRIVATE PLACEMENT
Nominations of African Queen Mines Limited
4/18/2012APPOINTS JENNIFER TODHUNTER AS NEW CFO AND DIRECTOR
Project news of African Queen Mines Limited
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4/26/2013PRESENTING AT CHICAGO RESOURCE EXPO ON APRIL 26, 2013
3/25/20132013 FIELD EXPLORATION PROGRAM COMMENCES AT AFRICAN QUEEN
1/14/2013EXPLORATION LICENSE FOR AFRICAN QUEEN?S NOYEM-NYANFOMAN
11/13/2012INITIAL CORE DRILL RESULTS AT AFRICAN QUEEN?S NOYEM-NYAN
7/12/2012ENCOUNTERS BROAD ZONES OF MINERALIZATION AT
4/16/2012CORE DRILLING COMMENCES AT AFRICAN QUEEN?S ODUNDU PROPER
2/22/2012COMMENCES DRILLING AT NOYEM-NYANFOMAN GOLD P
2/19/2012FAVORABLE EXPLORATION RESULTS AT AFRICAN QUEEN?S ODUNDU
1/19/2012SECURES DRILLER FOR NOYEM-NYANFOMAN PROJECT
1/6/2012(King Solomon)REPORTS RESULTS FROM 2011 RECONNAISSANCE DRILL PROGRAM AT KI...
5/25/2011COMMENCES 2011 FIELD PROGRAM AT NOYEM-NYAFOMAN GOLD PROJECT ...
2/24/2009(Cazula)ABANDONS CAZULA PROJECT IN MOZAMBIQUE TO FOCUS ON HIGHLY PRO...
2/5/2009(Okavango Kimberlite)Executes Contract for Core Drilling at Its Okavango Diamond ...
12/15/2008(Okavango Kimberlite)SAMPLING YIELDS G10 GARNETS AND OTHER KIMBERLITIC INDICATORS...
Corporate news of African Queen Mines Limited
7/26/201607/25/16 -DRILLING COMMENCES ON AFRICAN QUEEN’S YELLOWJACKET...
7/12/201607/11/16 -DR. REINHARD RAMDOHR TAKES REINS OF AFRICAN QUEEN’...
7/7/201607/06/16 -PLACER MINING OPERATIONS COMMENCE AT AFRICAN QUEEN...
6/28/201606/27/16 -AFRICAN QUEEN CLOSES $450,000 PRIVATE PLACEMENT
6/22/201606/21/16 -AFRICAN QUEEN CEO TO PRESENT AT RICHMOND CLUB LUNC...
6/18/201606/17/16 -AFRICAN QUEEN MINES EXPANDS LAND POSITION IN ATLIN...
6/1/201605/31/16 -AFRICAN QUEEN ANNOUNCES PRIVATE PLACEMENT
5/23/201605/20/16 -AFRICAN QUEEN MINES COMMENCES 2016 EXPLORATION PRO...
12/1/201511/17/15 -AFRICAN QUEEN MINES PRESENTING AT CHICAGO NATURAL ...
10/15/201510/14/15 -AFRICAN QUEEN MINES HIRES FIONNUALA DEVINE TO OVER...
10/8/201510/1/15 -AFRICAN QUEEN MINES ACQUIRES ADDITIONAL GROUND AT Y...
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2/4/2015IIROC Trading Halt - AQ, CPP, PKS, SPF
8/8/2014IIROC Trading Resumption - AQ
4/4/2012SECURES DRILLER FOR ITS ODUNDU PROPERTY IN KENYA; MOBILIZATI...
3/31/2012CLOSES SECOND TRANCHE OF $2.417 MILLION PRIVATE PLACEMENT
3/17/2012CLOSES $1.7 MILLION FIRST TRANCHE OF PRIVATE PLACEMENT
6/2/2011JOIN AFRICAN QUEEN MINES AT THE 2011 WORLD RESOURCE INVESTME...
3/2/2011JOIN SACRE - COEUR & AFRICAN QUEEN MINES AT THE 2011 PDAC CO...
1/22/2011GHANA MINISTRY CONSENTS TO TRANSFER OF NOYEM LICENSE FROM NE...
2/21/2009ACCELERATING WORK PROGRAM ON KEY GOLD TARGET
2/13/2009AMENDS STOCK OPTION PLAN
1/24/2009ENGAGES CARRIE HOWES FOR INVESTOR RELATIONS TEAM
1/8/2009shifts to gems
12/27/2008Abandons Braganza Gold Project in Mozambique to Focus on Pri...
12/17/2008COMMENCES TRADING ON THE FRANKFURT STOCK EXCHANGE
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