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African Queen Mines Commences Field Exploration at Rongo Gold Field Project in Kenya's Lake Victoria Greenstone Belt
African Queen Mines Commences Field Exploration at Rongo Gold Field Project in Kenya's Lake Victo...
About this update from Barrick Mining Corporation
[{"type":"text","content":"\nAfrican Queen Mines Commences Field Exploration at Rongo Gold Field Project in Kenya's Lake Victoria Greenstone Belt\n\n\n Jul. 19, 2010 (Filing Services Canada) -- African Queen Mines Ltd. (AQ - TSX Venture, QM0 - FWB), (the \"Company\") is pleased to announce that it has now commenced its Phase 1 Exploration Program on the Rongo Gold Field Project in the Kanango gold mining area of the Migori District of Nyanza Province in Southwest Kenya near Lake Victoria. The Project is subject to an Earn-In and Joint Venture Agreement (the \"Agreement\") between the Company and Abba Mining Company Limited (\"Abba\"), pursuant to which the Company may earn up to an 85% interest in the Project, which is covered by a license encompassing approximately 112 sq. km., by funding prescribed optional stages from exploration through feasibility.  The Agreement and all planned work programs for Phase 1 have been approved by the Commissioner of Mines and Geology of the Government of the Republic of Kenya.    The work covering Phase I will include (i) comprehensive rock and soil sampling, trenching and pitting over the license area; (ii) geological mapping and evaluation; and (iii) airbourne geophysical studies. The objective of the Phase 1 Exploration Program is to assess the overall geologic structure of the License area and the likelihood of a commercially viable gold deposit within the License area, as well as to identify discreet drill targets for a Phase 2 core drilling program.  The costs for Phase 1, estimated at up to U.S. $300,000, are being paid by the Company. The Project is situated some 380 km. by road from the capital city of Nairobi and 60 km. N of the border with Tanzania, forming part of the rich Lake Victoria Greenstone Belt extending from Tanzania and hosting known world-class gold deposits including African Barrick Gold's Bulyanhulu and North Mara Mines, within approximately 100 km. of the Project, and AngloGold Ashanti's Geita Mine.  The area of the license covers Archaean age metavolcanics and granites of the Nyanzian System within which historical records of gold production are known. The area is situated over the northern contact of the Kinjere Granite with Nyanzian greenstones. Migori, one of the earliest gold mines in Kenya, is situated along the southern contact and has a s...