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African Queen Mines Limited

Publié le 26 juillet 2016

07/25/16 -DRILLING COMMENCES ON AFRICAN QUEEN’S YELLOWJACKET GOLD PROJECT

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07/25/16 -DRILLING COMMENCES ON AFRICAN QUEEN’S YELLOWJACKET GOLD PROJECT

DRILLING COMMENCES ON AFRICAN QUEEN'S YELLOWJACKET GOLD PROJECT

Vancouver, British Columbia - AFRICAN QUEEN MINES LTD. (the 'Company') is pleased to announce that diamond drilling has now commenced on its Yellowjacket Gold Project 9 km east of Atlin, B.C. (the 'Project'). The first phase of drilling comprises up to 2000 m of core drilling as part of the Company's 2016 exploration program at the Project. 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 in the historic Pine Creek and Spruce Creek areas in the Atlin district. Management views this ground as highly prospective for its potential to host commercially viable hard-rock gold deposits.

Historic drilling by previous operators, including Homestake Mineral Development Corp., Muskox Minerals Ltd. and Prize Mining Corp., has traced the known Yellowjacket gold mineralized zone for approximately 300-350 metres strike length along a fault-bounded structure. Within this zone, previous operators have reported numerous drill holes with elevated gold intersections from bedrock surface to a depth of approximately 140 metres. The Yellowjacket Zone remains open to depth and along strike. The primary objectives of this Phase 1 drill program are to confirm the presence of historic high-grade gold mineralization in the Yellowjacket Zone and to expand the zone along both depth and strike dimensions.

The current core drilling program will allow the Company to expand upon the existing geological knowledge base of the Project. The gold mineralization is structurally controlled by two or more moderate to steeply dipping, deep-seated fault zones. Identification of structural controls and alteration assemblages within the central core of the Yellowjacket Zone and comparisons to those at depth and along strike are integral to our understanding of the opportunities for expansion of the gold-bearing mineralized zone.

According to Irwin Olian, CEO of the Company, 'We are delighted to be at work drilling the Yellowjacket Gold Project. It has been some five years since the Project was last active and we are excited about being the new operator with prospects for making new discoveries on our large mineral tenure.'

Drill core samples are being shipped to Bureau Veritas Minerals (Acme Labs) in Whitehorse for sample preparation and then forwarded to Vancouver for analyses. Initial results of the program are expected to be available within approximately sixty days. Drilling is being undertaken by a highly experienced, Atlin-based drilling professional utilizing a 2016-built Zinex Mining deep hole drill rig mounted in a custom drill shack with rod handling capabilities. It is anticipated that HQ core will generally be utilized for the initial program, with the addition of NQ core where deemed advisable. Further targets will be developed and additional drilling will be undertaken on a result contingent basis.

Linda Dandy, P.Geo., a Qualified Person within the meaning of N.I. 43-101, is providing on site supervision and guidance and has reviewed and approved the contents of this press release. She previously oversaw exploration activities on the project for a predecessor operator.

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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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
07/09/2016AFRICAN QUEEN FURTHER EXPANDS LAND POSITION SOUTH OF YELLOWJ...
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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