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Market: TSX-V
Sector: Diamonds & Gemstones
Epic: .AQ
News: Latest news
Web Site: African Queen Mines
Other Articles: 15-12-200927-11-200919-10-2009

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African Queen Mines

African Queen Mines

African Queen Mines Ltd. (TSX.V - AQ) 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.

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Monday, May 25, 2009

African Queen Mines commences exploration at Fingoe Gold Project, Mozambique

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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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