African Queen′s JV Partner Abba Mining Wins Interim Order in Kenya′s High Court Today Against Adverse License Claimant
AFRICAN QUEEN MINES LTD. (the 'Company?) announces that the High
Court of Kenya in Kisumu has issued a formal order today prohibiting any
activities by B & M Mining Company ('B & M?) and its affiliates on B &
M′s disputed license covering 15 sq. km in the Kamwango area which is
also covered by Abba Mining Company′s Special License no, 287 granted
January 22, 2010, which covers an aggregate of 112 sq. km. (Please see
the Company′s Press Release dated February 14, 2011.) The order is in
effect pending formal adjudication of the dispute, which is scheduled to
commence on March 3, 2011.
The effect of the interim order is to allow the Company to continue work
on the Kamwango prospect of its Rongo Gold Fields property without
interference from B & M or its JV partner, Linear Metals Corporation (T:
LMR). The effectiveness of B & M′s adverse license has now been stayed
and such parties are now prohibited from entering upon the ground in
question pending formal adjudication.
The Company is active in Kenya exploring the Rongo Gold Fields Project
with Abba. It has completed its Phase 1 field exploration program and is
now readying targets for a comprehensive core drilling program which is
scheduled to commence within the next few months. The Company is also in
negotiation on several joint ventures with other partners covering other
projects and has applications pending with the Commissioner of Mines and
Geology for exploration licenses covering a number of other highly
prospective areas.
About African-Queen
The Company is an exploratory resource company with diversified mineral
properties in Southern and West Africa. It is exploring its properties
in Mozambique, Kenya and Ghana for gold and other metals and it is
exploring its properties in Botswana and Namibia for diamonds. The
Company′s licenses in Botswana and Namibia comprise approximately 9208
sq km of diamond prospects. In Mozambique it has approximately 230 sq km
of gold and other metals licenses under an agreement with another
company. In Kenya it has approximately 112 sq. km. of gold and other
minerals licenses under an agreement with another company. 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.; its
operations in Mozambique are carried out through its subsidiary PAM
Mocambique Limitada and its operations in Ghana are carried out through
its subsidiary AQ Ghana Gold Limited. Its operations in Kenya are being
carried out through its operating subsidiary AQ Kenya Gold Limited. 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
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.
African Queen Mines Ltd.
Irwin Olian, President and CEO
E-mail:
tigertail@africanqueenmines.com
Phone:
(604) 899-0100
Fax: (604) 899-0200
or
Carrie Howes,
Corporate Communications
Email: carrie@africanqueenmines.com
Phone:
Germany - 49 (0) 21141 740411
U.K. - 44 (0) 870 490 5443
Canada
- 1 416 900 3634