African Queen Mines (CVE:AQ) said Wednesday that it has now started its 2012 core drilling program at its Noyem-Nyanfoman project on Ghana’s Ashanti Belt.
The initial phase is planned to be a minimum of 2,000 metres, and
will be expanded on a "result-contingent" basis, the company said.
The drill program is being carried out by affiliates of Energold Drilling
Corp. (CVE: EGD), and will be overseen by the company's senior
technical team, including Dr. Andy Moore and Pete Siegfried, and by
personnel from consulting firm Remote Exploration Services.
The first holes will range generally from 100 to 200 metres in depth,
with the aim of testing and confirming the gold mineralization
previously discovered by predecessors of Newmont Mining
Corp. on the Noyem A reef in the eastern portion of the concession,
where an historic inferred gold resource of approximately 1.1 million
ounces of gold was established down to a depth of 550 metres by Bonsai
The program will also test new targets elsewhere on the license area,
developed through the company’s own exploration programs over the past
“We are excited that drilling is now underway at Noyem-Nyanfoman and
look forward to successfully building on the positive results previously
achieved by Newmont and its predecessors," said African Queen CEO,
"We are particularly excited to drill some of the new targets our
team has generated away from the historic resource area, as they have
the potential to significantly enhance the resource potential of the
The Noyem-Nyanfoman license currently covers an area of approximately
28.9 square kilometres located within the Birim North District of
Ghana’s Eastern Region, approximately 130 kilometres northwest of Accra.
It is at the northeastern end of Ghana’s gold-producing Ashanti Belt,
near Newmont’s Akyem deposit, which is currently under development for
production - with a stated resource in excess of 8 million ounces of
The property has also long been host to large numbers of artisanal miners.
African Queen can earn up to a 75 percent interest in the project
under an earn-in and joint venture agreement with Akan Exploration, by
funding prescribed stages from exploration through feasibility.
The African-focused mineral explorer is designated as manager and operator of the project.
Earlier this week, African Queen reported what it called "favourable"
results from its preliminary field work and airborne geophysics at its
Odundo property in southwest Kenya's Rongo Gold Fields.
The results are being used for target generation for the company's
upcoming core drilling program at the site. African Queen said that
positive sampling and geochemical results, combined with positive ground
and airborne geophysics studies, have pointed to a number of "highly
prospective targets" that it is planning to drill test.