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African Queen Mines Limited

Publié le 21 février 2009

ACCELERATING WORK PROGRAM ON KEY GOLD TARGET

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Mots clés associés :   Botswana | Canada | Mozambique |
African Queen Mines Ltd.

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

FOR IMMEDIATE RELEASE

 

February 20, 2009                                                                                               TSX.V: AQ         Frankfurt: QM0

 

AFRICAN QUEEN ACCELERATING WORK PROGRAM ON KEY GOLD TARGETS IN MOZAMBIQUE'S FINGOE BELT AS A RESULT OF FAVORABLE SAMPLING RESULTS

 

Vancouver, British Columbia - AFRICAN QUEEN MINES LTD. (the "Company") is pleased to announce that it has now identified several high priority gold targets in Mozambique's Fingoe Belt in Tete Province as a result of favorable results from its ongoing field exploration and geochemical sampling program in the region.  The Company's interests in the Fingoe belt, which encompass 9 Prospecting Licenses comprising approximately 1359 sq.km. in aggregate, arise from an Earn-In Agreement with Manica Minerals Ltd. ("Manica") dated August 9, 2006, as supplemented August 8, 2007, under which the Company can earn up to an 85% interest, and an Agreement dated April 10, 2007 with African Eagle Resources plc ("African Eagle") under which the Company now holds a 98% interest in certain prospecting licenses.

 

Over the past two years, the focus of the Fingoe Project has been methodical stream sampling of the region with follow-up of gold and base metals anomalies by field geologists who conducted further reconnaissance soil sampling, mapping, rock sampling and trenching.  The program has been very effective in identifying several priority sources of anomalous gold within the region. Due to the potential nugget effect of coarse gold, additional follow-up samples have been collected 100m upstream and downstream from the original positive samples.  Where a coincidence of gold in all three samples was found to exist the target has been given priority with respect to its rating and importance.

 

A number of significant gold in soil anomalies have been delineated as a result of the sampling program, with sampled grids showing highly anomalous values in some cases >200 ppb.  One such anomalous gold target within the region covers an area of approximately 10 km x 10 km.    Further sampling and trenching is planned for the coming months in order to develop drill-ready targets for core drilling later this year on structurally-controlled gold targets.

 

The Company's exploration activities on the Fingoe Gold Project are under the guidance of Senior Consulting Geologist Pete Siegfried, P.Geol., a qualified person.  Field studies have been carried out on behalf of the Company by Remote Exploration Services of Cape Town, South Africa. 

 

According to Irwin Olian, CEO of the Company, "We are delighted that our regional exploration program of geochemical sampling and related work on the Fingoe Belt has now generated several key targets for further investigation.  We intend to get on with further follow-up work as soon as possible with a view toward identifying discreet drill targets for potential primary hard-rock gold deposits. Our Fingoe Gold Project now gives the Company a significant gold opportunity in Mozambique coupled with our diamond programs in Botswana and Namibia."

 

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 1700 sq km of gold and other metals licences under agreements with two 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@africanqueenmines.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.

 

 

 

 

 



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