Thursday, 12 July 2012

African Queen recovers 3.33 g/t gold over 28 metres at Odundu, Kenya

African Queen Mines (CVE:AQ) said Wednesday that has hit “broad zones” of mineralization at its Odundu property in Kenya, highlighting results trench B1 of 3.3 grams per tonne (g/t) gold over 28 metres.

The Odundu property covers an area of approximately 97 square kilometres in the Kanango gold mining area of the Migori District of Nyanza Province near Lake Victoria.

African Queen said that trench results from earlier this year have now been received and the first five core drill holes (OD1 to OD5) totaling 1043metres have been completed at the project. Hole OD6, positioned approximately 85 metres along strike, will explore the southeast extension at depth.

The assay results of trench channel samples, received from ALS Chemex Laboratories, confirm both low and higher grade gold mineralization over a strike of 567 metres, said the company.

Highlights from the trenching program revealed that gold mineralization within the main Odundu shear zone exposed by trench B1 assayed values of 4.40 g/t gold over one metre, 10.00 g/t gold over 2.2 metres and 29.30 g/t gold over one metre.

African Queen noted that gold assay results obtained from trench D include 33.00 g/t gold over one metre and 0.93g/t over 18 metres. Trench E recorded an assay value of 3.85 g/t gold over three metres.

“We will gain much more information from assays pending from samples from these drill cores, but it is certainly exciting to encounter mineralization over broad zones that is consistent with our structural model derived through our geochemical and
geophysics data from initial exploration activities over the past year,” said African Queen's CEO Irwin Olian.

In early April, the company said that Alkili Minerals Services had initiated its 2,000 metre core drilling program at the Odundu

African Queen said that drilling completed so far indicates the anomalous northwest-southeast trending shear zone that has been traced over the property for approximately three kilometers is mineralized at depth within the confines of the drilling.

The project is situated some 380 kilometres by road from the capital city of Nairobi and 60 kilometres north of the border with Tanzania, forming part of the rich Lake Victoria Greenstone Belt that hosts gold deposits including African Barrick Gold's

(LON:ABG) Bulyanhulu and North Mara Mines and AngloGold Ashanti's (NYSE:AU) Geita Mine.

In February and March of this year, seven trenches totaling 520 metres and covering a northwest-southeast strike of approximately 580 metres were excavated perpendicular to the main shear zone.

Broad zones of mineralized material were recorded in all seven trenches, as wide as 40 metres. Gold assay results obtained from samples from the main artisanal pit located between trenches A1 and B1 ranged between 2.12 g/t gold and 35.0 g/t. Intermediate values recorded within this range were 2.43 g/t, 3.0 g/t, 8.33 g/t, and 9.70 g/t gold, the company said.

Six core drill holes totaling approximately 1,300 metres were positioned to test the gold mineralization within an anomalous area of the northwest-southeast trending shear zone traversing the property.

This shear zone was initially discovered through the company's preliminary field reconnaissance work and later delineated through airborne and ground geophysics programs.

Under a joint venture agreement with Kenyan-based Abba Mining Company, African Queen can earn up to an 85 percent interest in the project by funding prescribed optional stages from exploration through feasibility.

The company is also the manager and operator of the property.

Vancouver-based African Queen is exploring its properties in Mozambique, Ghana and Kenya for gold and other metals and it is undertaking exploration in Botswana and Namibia for diamonds, gold and other metals.
Its operations in Kenya are being carried out through its operating subsidiary AQ Kenya Gold Limited.

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