Kenya′s High Court Grants Interim Order to African Queen′s JV Partner Abba Mining against Adverse License Claimant
AFRICAN QUEEN MINES LTD. (the 'Company?) announces that the High
Court of Kenya in Kisumu has issued a formal order staying the
effectiveness of the adverse license claim of B & M Mining Company ('B &
M?) covering 15 sq. km in the Kamwango area which is also covered by
Special License no. 287 previously granted January 22, 2010, to Abba
Mining Company ('Abba?), which covers an aggregate of 112 sq. km.
(Please see the Company′s Press Release dated February 14, 2011.) The
order is in effect for a period of up to 60 days to allow for
disposition by the Court of the substantive merits of the dispute. The
matter has now been scheduled for hearing on the merits on May 12, 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 under its
joint venture with Abba, without interference from B & M or its
affiliates pending formal adjudication by the Court of the merits of the
dispute. The order was contained in a detailed 15 page opinion issued by
the Hon. Judge R.N. Nambuye allowing Prayer 5 of the application
previously filed on February 15, 2011 by Abba Mining Company.
The Company is active in Kenya exploring the Rongo Gold Fields Project
with Abba. It has completed its Phase 1 field exploration program in
2010 and is now readying targets for a comprehensive core drilling
program which is scheduled to commence within the next few months. The
Company also has commenced exploration of the Ugunja Gold Project to the
North under a separate joint venture with Kenya Discovery Limited and
has applications pending with the Commissioner of Mines and Geology for
exploration licenses covering other highly prospective areas in Kenya.
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
undertaking exploration in Botswana and Namibia for diamonds, gold and
other metals. The Company′s licenses in Botswana comprise approximately
2890 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 737 sq. km. of gold and other
minerals licenses 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.; 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