African Queen Mines Limited

Published : December 15th, 2008

SAMPLING YIELDS G10 GARNETS AND OTHER KIMBERLITIC INDICATORS OVER KEY DIAMOND TARGETS

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African Queen Mines Ltd.

African Queen Mines Ltd.
Suite 1925, Box 11553
650 West Georgia Street
Vancouver, BC
V6B 4N8

FOR IMMEDIATE RELEASE

 

December 15, 2008                                                                                         TSX.V: AQ

 

AFRICAN QUEEN MINES' SAMPLING YIELDS G10 GARNETS AND OTHER KIMBERLITIC INDICATORS OVER KEY Diamond TARGETS ON ITS OKAVANGO PROJECT IN BOTSWANA

 

Vancouver, British Columbia - AFRICAN QUEEN MINES LTD. (the "Company") is pleased to announce that results of geochemical sampling from its Okavango property in the Ngamiland area of Northwest Botswana have now confirmed the presence of G10 garnets and other kimberlitic indicator minerals on its key Diamond targets.  The Okavango property comprises three Prospecting Licences covering approximately 2592 km2 held by the Company's wholly-owned subsidiary, PAM Botswana (Pty.) Ltd.  It is situated on a recently recognised extension of the Archaean Congo Craton, which hosts numerous economic kimberlite and alluvial Diamond deposits.  The property is covered by sands of the Kalahari Desert of variable thickness, averaging approximately 60 m.  This helps to account for the fact that the strong targets recently identified by the Company were previously overlooked.

 

Due to its remote location and sand cover, there is no record of systematic Diamond exploration ever having been previously carried out over the Okavango property.   High resolution aeromagnetic data covering the area, flown by the Botswana Geological Survey, has been filtered on behalf of the Company by Scott Hogg and Associates of Toronto to highlight circular magnetic targets that are typically associated with kimberlite pipes.    Analysis of the filtered data identified numerous bulls-eye magnetic features, consistent with the existence of a virgin sub-Kalahari kimberlite field with potentially as many as 100 or more distinct pipe targets.  Ground magnetic and gravity surveys subsequently carried out by the Company over a portion of the bulls-eye aeromagnetic targets identified coincident signatures consistent with kimberlites.   

 

Results of the Company's surface loam sampling program now received from Mike Scott & Associates laboratory of Johannesburg, South Africa show that several of the coincident magnetic and gravity bulls-eye targets are associated with kimberlitic garnets and ilmenites. This provides strong support for the existence of a sub-Kalahari kimberlite field on the licence area.  As kimberlitic garnets tend to disintegrate quickly in the Kalahari environment and the license area is covered with a relatively thick sand cover, discovery of the kimberlitic garnets is highly significant. Of the kimberlitic garnets recovered, a relatively high proportion were G10's and sodium-rich eclogitic garnets, with compositions matching inclusions in diamonds.  This suggests there is a strong potential for the kimberlite targets to be diamondiferous.

 

On the basis of the Company's geophysical and mineral chemistry information, numerous priority targets have been identified for core drilling.  The Company is now mobilising personnel and finalizing contractual arrangements with a view toward commencing the drill program in February, 2009.  According to Irwin Olian, CEO of the Company, "We are very excited with the data being generated from our Okavango Diamond property.  The convergence of positive geochemical, geophysics and topographic data, together with mapping of the ancient river system, suggest the possibility of a major kimberlite field on the property. We are anxious to get on with the drilling early next year.  Dr. Andy Moore, P.Geo., who runs our Diamond program, has done a brilliant job with his team of gathering and assembling data from a vast area of remote, sand-covered territory to identify a number of very exciting targets below the Kalahari." 

 

About African-Queen

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 licences in Botswana and Namibia comprise approximately 11,800 sq km of Diamond prospects. In Mozambique it has approximately 2,000 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.

 

"Irwin Olian"                         
Irwin Olian
Chairman & CEO

For more information, contact:

 

Irwin Olian, President and CEO

E-mail: tigertail@africanqueenmines.com

Phone: (604) 899-0100

Fax: (604) 899-0200

Carrie Howes, Corporate Communications

Email: carrie@totumos.com

Phone: D�sseldorf - +49 (0) 1722 1234 47

Phone: 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.

 

 

 

 

 



.
Data and Statistics for these countries : Botswana | Canada | Mozambique | Namibia | South Africa | All
Gold and Silver Prices for these countries : Botswana | Canada | Mozambique | Namibia | South Africa | All

African Queen Mines Limited

EXPLORATION STAGE
CODE : AQ.V
ISIN : CA00830C1095
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African Queen is an exploration gold 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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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...
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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...
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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...
8/19/201508/05/15 - AFRICAN QUEEN MINES SIGNS FORMAL ASSET PURCHASE A...
8/19/201508/11/15 -AFRICAN QUEEN MINES COMPLETES ACQUISITION OF YELLO...
2/9/2015IIROC Trading Resumption - WOW.P; PEP; AQ; MTH; LBI.H
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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