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African Queen Mines Limited

Publié le 18 juin 2016

06/17/16 -AFRICAN QUEEN MINES EXPANDS LAND POSITION IN ATLIN DISTRICT WITH STRATEGIC CLAIMS ACQUISITION

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Mots clés associés :   9/11 | Canada | Dubai | Mines |

06/17/16 -AFRICAN QUEEN MINES EXPANDS LAND POSITION IN ATLIN DISTRICT WITH STRATEGIC CLAIMS ACQUISITION

AFRICAN QUEEN MINES EXPANDS LAND POSITION IN ATLIN DISTRICT WITH STRATEGIC CLAIMS ACQUISITION

Vancouver, British Columbia - AFRICAN QUEEN MINES LTD. (the 'Company') is pleased to announce that it has now acquired fifteen additional Mineral Claims under the B.C. Mineral Tenure Act aggregating 15,028 hectares or 150.28 sq.km, in close proximity to its Yellowjacket Gold Project 9 km East of Atlin, B.C. (the 'Project'). The new Mineral Claims cover hard-rock deposits in an area of interest to the South and South-East of the Company's existing claims and encompass the highly prolific Spruce Creek placer mining area. Several of them are contiguous to the Company's existing license area. Together with the existing license area covering 7776 hectares or 77.76 sq.km, the Company now controls 41 mineral claims, placer claims and placer leases covering an aggregate of 22,804 hectares or approximately 228.04 sq. km of strategic ground comprising the Project.

Addition of the new Mineral Claims effectively triples the size of the Company's exploratory land position in the Atlin area, creating the potential for a District scale gold project if the Company's exploration efforts are successful. Management views the new ground as highly prospective for its potential to host commercially viable hard-rock gold deposits in its underlying greenstone belt.

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. Acquisition of additional Mineral Claims were announced by PR dated October 15, 2015. The Project includes all mineral rights, claims and leases comprising the Project, all equipment located thereon and 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. It has already commenced its 2016 exploration program at the Project and targeting for its upcoming core drilling program is underway. Acquisition of this additional ground in close proximity to its existing license area further secures the Company's land position in the Atlin District and provides additional potential exploration targets.

According to Irwin Olian, CEO of the Company, 'Acquisition of the new ground to the South and South-East of the Yellowjacket mine now gives the Company the predominant exploratory hard-rock land position in the Atlin District. While this ground has been a prolific placer mining area for some time, it is largely unexplored and underexplored for its hard-rock potential. We view this as creating an exciting opportunity for the Company and its talented technical team to potentially make an important major new discovery.'

About African Queen

The Company is an exploratory resource company engaged in exploration and development of mineral properties in Canada and Africa. It is presently focusing on development of its Yellowjacket Gold Project in Atlin, British Columbia, which covers an aggregate of approximately 228.04 sq. km. 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.

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Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

African Queen Mines Limited

EXPLORATEUR
CODE : AQ.V
ISIN : CA00830C1095
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African Queen est une société d’exploration minière d'or basée au Canada.

African Queen détient divers projets d'exploration au Botswana, au Mozambique et en Namibie.

Ses principaux projets en exploration sont KING SOLOMON et CAZULA au Mozambique, NOYEM NYAFOMAN au Ghana et OKAVANGO KIMBERLITE et TSAU KIMBERLITE au Botswana.

African Queen est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 2,5 millions CA$ (2,0 millions US$, 1,6 millions €).

La valeur de son action a atteint son plus haut niveau récent le 08 octobre 2010 à 0,75 CA$, et son plus bas niveau récent le 11 septembre 2015 à 0,01 CA$.

African Queen possède 101 190 000 actions en circulation.

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Financements de African Queen Mines Limited
06/03/2012ANNOUNCES PRIVATE PLACEMENT
Nominations de African Queen Mines Limited
18/04/2012APPOINTS JENNIFER TODHUNTER AS NEW CFO AND DIRECTOR
Projets de African Queen Mines Limited
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26/04/2013PRESENTING AT CHICAGO RESOURCE EXPO ON APRIL 26, 2013
25/03/20132013 FIELD EXPLORATION PROGRAM COMMENCES AT AFRICAN QUEEN
14/01/2013EXPLORATION LICENSE FOR AFRICAN QUEEN?S NOYEM-NYANFOMAN
13/11/2012INITIAL CORE DRILL RESULTS AT AFRICAN QUEEN?S NOYEM-NYAN
12/07/2012ENCOUNTERS BROAD ZONES OF MINERALIZATION AT
16/04/2012CORE DRILLING COMMENCES AT AFRICAN QUEEN?S ODUNDU PROPER
22/02/2012COMMENCES DRILLING AT NOYEM-NYANFOMAN GOLD P
19/02/2012FAVORABLE EXPLORATION RESULTS AT AFRICAN QUEEN?S ODUNDU
19/01/2012SECURES DRILLER FOR NOYEM-NYANFOMAN PROJECT
06/01/2012(King Solomon)REPORTS RESULTS FROM 2011 RECONNAISSANCE DRILL PROGRAM AT KI...
25/05/2011COMMENCES 2011 FIELD PROGRAM AT NOYEM-NYAFOMAN GOLD PROJECT ...
24/02/2009(Cazula)ABANDONS CAZULA PROJECT IN MOZAMBIQUE TO FOCUS ON HIGHLY PRO...
05/02/2009(Okavango Kimberlite)Executes Contract for Core Drilling at Its Okavango Diamond ...
15/12/2008(Okavango Kimberlite)SAMPLING YIELDS G10 GARNETS AND OTHER KIMBERLITIC INDICATORS...
Communiqués de Presse de African Queen Mines Limited
26/07/201607/25/16 -DRILLING COMMENCES ON AFRICAN QUEEN’S YELLOWJACKET...
12/07/201607/11/16 -DR. REINHARD RAMDOHR TAKES REINS OF AFRICAN QUEEN’...
07/07/201607/06/16 -PLACER MINING OPERATIONS COMMENCE AT AFRICAN QUEEN...
28/06/201606/27/16 -AFRICAN QUEEN CLOSES $450,000 PRIVATE PLACEMENT
22/06/201606/21/16 -AFRICAN QUEEN CEO TO PRESENT AT RICHMOND CLUB LUNC...
18/06/201606/17/16 -AFRICAN QUEEN MINES EXPANDS LAND POSITION IN ATLIN...
01/06/201605/31/16 -AFRICAN QUEEN ANNOUNCES PRIVATE PLACEMENT
23/05/201605/20/16 -AFRICAN QUEEN MINES COMMENCES 2016 EXPLORATION PRO...
01/12/201511/17/15 -AFRICAN QUEEN MINES PRESENTING AT CHICAGO NATURAL ...
15/10/201510/14/15 -AFRICAN QUEEN MINES HIRES FIONNUALA DEVINE TO OVER...
08/10/201510/1/15 -AFRICAN QUEEN MINES ACQUIRES ADDITIONAL GROUND AT Y...
19/08/201508/05/15 - AFRICAN QUEEN MINES SIGNS FORMAL ASSET PURCHASE A...
19/08/201508/11/15 -AFRICAN QUEEN MINES COMPLETES ACQUISITION OF YELLO...
09/02/2015IIROC Trading Resumption - WOW.P; PEP; AQ; MTH; LBI.H
04/02/2015IIROC Trading Halt - AQ, CPP, PKS, SPF
08/08/2014IIROC Trading Resumption - AQ
04/04/2012SECURES DRILLER FOR ITS ODUNDU PROPERTY IN KENYA; MOBILIZATI...
31/03/2012CLOSES SECOND TRANCHE OF $2.417 MILLION PRIVATE PLACEMENT
17/03/2012CLOSES $1.7 MILLION FIRST TRANCHE OF PRIVATE PLACEMENT
02/06/2011JOIN AFRICAN QUEEN MINES AT THE 2011 WORLD RESOURCE INVESTME...
02/03/2011JOIN SACRE - COEUR & AFRICAN QUEEN MINES AT THE 2011 PDAC CO...
22/01/2011GHANA MINISTRY CONSENTS TO TRANSFER OF NOYEM LICENSE FROM NE...
21/02/2009ACCELERATING WORK PROGRAM ON KEY GOLD TARGET
13/02/2009AMENDS STOCK OPTION PLAN
24/01/2009ENGAGES CARRIE HOWES FOR INVESTOR RELATIONS TEAM
08/01/2009shifts to gems
27/12/2008Abandons Braganza Gold Project in Mozambique to Focus on Pri...
17/12/2008COMMENCES TRADING ON THE FRANKFURT STOCK EXCHANGE
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