Field Work Underway at African Queen′s Ugunja Gold Project in Kenya′s Lakeland District
AFRICAN QUEEN MINES LTD. (the 'Company?) is pleased to announce
that work is now underway on the ground in its Phase 1 Exploration
Program at the Ugunja Gold Project, which encompasses approximately 625
sq. km in the Busia, Siaya and Kakamega areas (aka the Lakeland
District) located N of the shores of Lake Victoria in Western Kenya. The
initial work presently being undertaken comprises principally stream and
termite-mound soil sampling, together with mapping. To date, more than
1100 termite-mound soil samples have been collected as well as more than
150 stream samples from the license area. Sampling is ongoing. Mapping
of the Samia Hills ironstones (containing isolated known gold
occurrences) should be completed this week. All samples will be
transported to Scientific Services Laboratories in Cape Town, South
Africa for gold and base metals analysis. This program is designed to
identify potential targets for a later drill program to be carried out.
Ugunja has been the site of significant artisanal mining and comprises
low-grade metasedimentary rocks, chiefly argillites, sandstones and
conglomerates. These are part of the late Archaean age Kavirondian
Group. They overlie Nyanzian age greenstones which include banded iron
formation (BIF) and dominantly metabasaltic lithologies. The presence of
massive sulphide lenses as well as gold in quartz veins and BIF horizons
is anticipated.
Under the terms of its Earn-In and JV Agreement with Kenya Discovery
Limited, the Company, through its wholly-owned operating subsidiary AQ
Kenya Gold Limited, may earn up to an 85% interest in the Ugunja Project
by funding prescribed optional stages from exploration through
feasibility. The Company serves as manager and operator of the Project.
The Project is being managed on behalf of the Company by Senior
Consulting Geologist Mr. Pete Siegfried (M.Sc., MAusIMM), a qualified
person.
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