African Queen Mines
African Queen Mines Ltd. and its subsidiaries acquire, explore and develop mineral properties in areas of Africa deemed to have relatively high potential for mining success and relatively low political risk.
The Company is engaged in the acquisition, exploration and development of properties for the potential mining of gold, metals and diamonds in Africa, initially focusing on exploration for diamonds in Botswana and Namibia, and gold in Mozambique. The Company has approximately 5,500 sq. km. of contiguous diamond licenses in Botswana and 6,200 sq. km. in Namibia, and is exploring for gold and metals in Mozambique under agreements with other companies.
African Queen Mines commences exploration at Fingoe Gold Project, Mozambique
The Tete Province in Mozambique has been receiving a lot of attention from industrial metal focused companies, but African Queen Mines (TSX-V: AQ) has set its sights on proving up a substantial gold project.
Today the Canadian junior confirmed that field work was now underway at the Fingoe Gold Project in Tete Province, Mozambique. The Fingoe Gold Project consists of nine prospecting covering some 1359 square kilometers. African Queen is placing most of its focus on the Fingoe Belt to the north of Lake Cahorra Basa. The Fingoe area has been the subject of artisanal mining in the past, but as of yet has not been systematically explored using modern techniques. African Queen has conducted mapping at Fingoe already, which revealed “good potential for undiscovered hard rock gold mineralization in the region”.
African Queen can earn up to 85% in the Fingoe Gold Project from London listed exploration minnow African Eagle Resources (AIM: AFE).
“The objective of the 2009 field program is to identify structures within the region with potential to host commercial hard rock gold deposits and to select discreet targets for the Company's upcoming reconnaissance core drilling program planned for the region,” the company stated.
Pitting, trenching, detailed mapping and rock sampling followed by drilling is all planned for 2009.
African Queen added that it had narrowed down its priorities to four targets: Aliyele, Ashwa, Tambika and Tsimbi.
Irwin Olian, CEO of African Queen said the company was excited about the opportunities at Fingoe: "We have now identified a number of key targets for follow-up in the greater regional project area. Our exploration team is now in the field and we expect to generate a number of highly prospective drill targets for our upcoming reconnaissance core drilling program in the region."
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Other African Queen Mines articles
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20/07/10 African Queen Mines: Developing Strategic Assets in Target African Nations
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19/10/09 African Queen in JV deal with Akan Exploration over Newmont’s Noyem-Nyafoman license in Ghana
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15/12/08 African Queen Mines' Sampling Yields G10 Garnets at Okavango Project in Botswana
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10/11/08 African Queen Mines– two diamond geezers on board
Other African Queen Mines news
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12/08/10 African Queen Mines kicks of Airborne Geophysical Survey at Rongo Gold Field
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19/07/10 African Queen starts Phase 1 exploration at Rongo Gold Field in Kenya
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28/06/10 African Queen Mines report start of core drilling at King Solomon gold project in Mozambique
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25/06/10 African Queen Mines appoints Gregory Nowak to oversee operations in Ghana
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17/05/10 African Queen Mines enters earn-in and JV deal with Kenyan partner over Rongo Gold field
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23/03/10 African Queen gets NI43-101 technical report for King Solomon gold project
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11/01/10 African Queen Mines eyes up drilling King Solomon Project, Mozambique
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15/12/09 African Queen to Close Private Placing On 21 December
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27/11/09 African Queen to raise up to C$3 mln in private placement to accelerate African gold projects
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14/10/09 African Queen says further samples from King Solomon in Mozambique confirm potential copper-gold-silver system
