Tuesday, 14 June 2011

African Queen Mines starts ground survey at Rongo Gold Fields

Vancouver-based African Queen Mines (CVE:AQ), a mineral exploration company focused in southern Africa, reported Tuesday that work is underway for a ground geophysics survey at its Rongo Gold Fields project in southwest Kenya, near Lake Victoria.
The Rongo gold project covers an area about 112 kilometres in the Kanango gold mining area of the Migori district of Nyanza Province and is situated some 380 kilometres by road from the capital city of Nairobi.
The purpose of the survey is suss out drill targets and delineate the sulphide rich zone, where previous ground magnetic surveys and field exploration work have shown gold content as high as 669 parts per billion (ppb), the company said.
The ground geophysics survey is a 3-D resistivity and induced polarization survey of key targets, comprised of 5 lines measuring a total of 3,375 linear meters. The survey will be conducted by Akili Minerals Services, a Kenyan-based company, and is expected to wrap up in 30 days.
African Queen's rights to the Rongo Gold Fields project stem from a joint venture agreement with Kenyan-based Abba Mining, under which the company can earn an 85% stake in the property by funding stages from exploration through feasibility. As part of the joint venture, African Queen has been designated as manager and operator of the project.
Currently, however, a licensing dispute between Abba and B & M Mining continues to be adjudicated by the High Court of Kenya in Kisumu, over a 15 square kilometre portion of Abba's project's license for Rongo.
On March 31, the High Court granted Abba an interim right to continue work on the Kamwango prospect of the Rongo Gold Fields property without interference from B&M Mining.
African Queen said today it expects a favourable outcome for Abba from such litigation, but in any event, has identified "highly prospective targets" outside of the disputed area.
African Queen Mines has diversified mineral properties in Southern and West Africa, exploring for diamonds, gold and other metals.

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