African Queen Mines Ltd. (CVE:AQ) said Thursday it has identified many drill targets and encountered visible gold near surface at its Kenyan Ugunja gold project.
Phase 1b exploration program also found a structure with potential to
host commercial deposits, African Queen said in a statement.
are delighted that preliminary exploration results from both our Ugunja
and Odundu projects in Western Kenya are generating positive results
with identification of highly prospective drill targets,” African
Queen's chief executive Irwin Olian said.
“Kenya is becoming an
increasingly important focus of African Queen's exploration activities
and we look forward to much success in Kenya in the future.”
The Ugunja project covers 370 square kilometres in the Lakeland district north of the shores of Lake Victoria in Western Kenya.
at the project has included rock sampling, trenching, mapping and
ground geophysics surveys. African Queen noted visible gold has been
identified in many samples of quartz vein.
This vein, which reaches 80 centimetres in width, occurs along a structure that can be traced for 240 metres.
miner completed four trenches totalling 71 metres, while 99 samples
were collected from the site and are being prepared by Kenya Mineral
Services, and shipped to Australia for gold analysis.
prospecting campaign, about 20 gold mining work sites were located and a
number of black quartz was found at these sites.
It plans to perform further trenching on several of these locations.
the gold miner also finished 13 square km ground magnetic surveys over
the Ligega area, and has located potential gold-bearing structures.
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.
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.