African Queen Mines Ltd. V.AQ

Reasons to own African Queen Mines (AQ.V on Ventur

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Educated Investors,

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African Queen’s latest Press Release has created abuying opportunity for educated investors. Please see attached Press Releasebelow.

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Reasons to own African QueenMines (AQ.V on Venture)

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1. Management has a track record of providing shareholders value. Pan African Mining Corp. IPO $1.00. Company sold to Asia Thai Mining in June 2007 $4.50 per share. Plus shareholders received a free share in the spin out company now trading as African Queen.

 

2. King Solomon project in Mozambique. The Mankombiti target represents a 4 km Polymetalic trend of Copper, Gold and Silver. The first three holes delivered 7.73 m of 1.5%cu, 1.3 g/t Au and 27.6 g/t Ag. As we move West on the trend we see the mineralization continue, 6.02 m of 1.09% Cu, .88 g/t Au, and 18 g/t Ag.

 

3. Government of Ghana has approved the transfer of the Noyem mining license from Newmont to African Queen. We are currently developing a work program for this highly prolific zone.

1.1   Million ozs. grading 6.67 g/t Au in an historic inferred resource.

 

4. Initial trench results on AQ’s Rongo Gold Field Project in Kenya have revealed visible Gold in the Quartz Veins on the surface.

 

5. Just completed a $3.2 Million dollar raise @ .65 cents. Buying Opportunity, stock currently between .43 -.45 cents, 60% of it’s annual high!

 

THREE VERY IMPORTANT REASONS TOOWN THIS STOCK!

 

A)    5000 METERS OF DRILLING ON THE MANKOMBITI ZONE STARTING THIS SPRING IN MOZAMBIQUE.

 

B)     3000 METERS OF DRILLING ON THE RONGO GOLD FIELD STARTING THIS SPRING IN KENYA.

 

C)    3-5000 METERS OF DRILLING ON THE NOYEM PROPERTY STARTING THIS SPRING IN GHANA.

 

PLEASE CONTACT ME ANY TIME @705-888-2756 OR [e-mail]

 

 

 

Further Drilling at African Queen's KingSolomon Project Confirms Significant Copper, Gold and Silver Mineralization atMankombiti Target and Points to Prospectivity of Western Zones; Latest ResultsInclude 6.02 m of 1.09% Cu, 0.88 g/t Au and 18 g/t Ag

03:01 EST Monday, January 31, 2011

VANCOUVER, British Columbia (Business Wire) -- AFRICANQUEEN MINES LTD. (the “Company”) is pleased to announce that it has nowreceived from Genalysis Laboratories of Johannesburg, S.A. analytical resultsfrom the remaining 16 drill holes from its initial reconnaissance core drillingprogram at The King Solomon Project, located within the central parts of theMesoproterozoic Fingoe Belt in western Tete Province, Mozambique. The initial2000 m program was expanded to approximately 3000 m encompassing a total of 19holes in view of the encouraging preliminary results and the continuation ofthe dry season, which permitted additional drilling during the latter part of2010. Results of the first three holes from the Mankombiti West target werereported in the Company's PR dated October 4, 2010, and included significantcopper, gold and silver mineralization in all three holes, including anintersection of 7.73 m of 1.51% Cu, 1.32 g/t Au and 27.6 g/t Ag in Hole MW03.

The 19 holes to date have been designed to test threedistinct target zones at King Solomon with holes ranging from 120 to 200 m indepth. 12 of the holes were drilled into the West and East zones of theMankombiti copper-gold target, while the remaining 7 holes tested the Eilandand Kazito gold prospects to the Northeast. A fourth major gold target,Bulasho, will be tested during the next phase of drilling in 2011. Currentresults from drilling at Mankombiti West and East are consistent with priorreported results, and act to confirm a potentially mineralized zone of up to 4km of strike length. The best intersection reported from Mankombiti West in thecurrent results is 6.02 m of 1.09% Cu, 0.88 g/t Au and 18g/t Ag (Hole MW06),while the best intersection reported from Mankombiti East (1 km to the E) inthe current results is 5.19 m of 1.10 g/t Au, 0.66% Cu and 9 g/t Ag (HoleME04). Drill results from the Eiland and Kazito targets failed to match thetenor of gold found in the initial surface rock samples previously reported (PRNovember, 2009), although the targeted alteration as well as shear zones wereintersected. The best gold intercept reported at Eiland is 7.41 g/t Au over0.62 m (Hole E03), while the best gold intercept reported at Kazito is 4.0 g/tAu over 0.58 m (Hole KN01). Selected drill results from the current program,including all significant intersections, are included in the Tables below.

The results provide encouragement for the workingmodel which is being used to identify where areas of tectonic thickening may beexpected and therefore significant increases in the associated thickness of themineralized zones. The mineralization can be noted in almost all cases to beassociated with albite alteration associated with magnetite and or sulphidemineralisation. It is regarded as important that the majority of coppersulphide minerals indentified to date are in fact copper-rich suggestive of ageneral sulphide poor oxidizing system associated with the intrusive contactsof granites and gabbros with limestone marbles. Further drilling in all zoneswill be designed to target potentially wider zones of mineralization and toassist in development of cogent structural models.

The Mankombiti target, with a potential mineralizedzone of up to 4 km of strike extent, has now been drill tested from the moreeasily accessible parts of the West and East, with a total of 12 holes. Theyencountered magnetite-copper-silver mineralization with significant goldcredits. More drilling is warranted to test the Mankombiti target for furthermineralization which remains open-ended along strike to the west and down-dip.

Geological logging of the Mankombiti core has shownchalcocite, bornite, covellite, bornite and minor chalcopyrite to be associatedwith the magnetite. After logging, the core has been split and sampled,generally meter by meter. Shorter sample intervals have been used wheresignificant lithological change has been noted.

TABLE 1. SELECT INTERSECTIONS FROM MANKOMBITI WEST AND EAST.
bh ID		from		to		interval		Au (ppm)		Ag (ppm)		Cu (%)
MW05		159.76		160.02		0.26		0.80		5		0.33
MW05		160.02		161.08		1.02		1.23		19		0.97
MW05		163.96		169.00		4.95		0.55		7		0.70
MW06		142.49		149.16		6.02		0.88		18		1.09
ME01		103.89		104.62		0.67		0.55		14		0.32
ME01		104.62		105.52		0.89		0.32		2		0.53
ME02A		35.11		35.94		0.83		4.09		74		3.44
ME02A		138.91		139.57		0.61		0.40		3		0.81
ME02A		141.00		142.00		1.00		1.03		21		0.03
ME02A		148.97		149.61		0.59		0.50		4		0.46
ME03		86.36		87.42		1.07		0.07		2		0.59
ME04		63.42		63.94		0.50		0.03		1		0.57
ME04		124.62		125.42		0.64		0.95		1		0.59
ME04		127.60		132.19		4.25		0.50		7		0.59
ME04		137.19		138.20		1.00		0.23		10		0.80
ME04		140.79		146.00		5.19		1.10		9		0.66
ME04		154.35		158.27		3.68		1.10		8		0.73
ME06		119.02		119.45		0.42		1.08		8		0.05
ME06		120.90		126.40		5.30		0.13		3		0.47
The reported intervals do not necessarily reflect true widths

 

TABLE 2: DRILL HOLE POSITIONAL INFORMATION FOR MANKOMBITI.
Hole ID	Northing (m)	Easting (m)	Elevation (m)	Drill Azimuth (deg)	Drill Dip (deg)	Total Length (m)
MW05	8295448	326402	851	160	50	199.84
MW06	8295457	326508	835	160	50	168.95
ME01	8295463	326947	840	160	50	136.59
ME02A					90	185.61
ME03	8295469	327052	826	160	50	135.88
ME04					90	184.94
ME06	8295493	326610	851	160	50	147.58
Coordinate System: WGS84 UTM Zone 36S

 

TABLE 3: SELECT INTERSECTIONS FROM EILAND AND KAZITO.
bh ID	from	To	interval	Au (ppm)
E01A	78.89	79.92	1.06	0.76
E01A	80.26	80.70	0.37	0.90
E03	76.85	77.87	0.98	0.74
E03	77.87	78.50	0.62	7.41
KN01	53.79	54.41	0.58	4.00
KN01	117.00	118.00	1.02	0.67

 

TABLE 4: DRILL HOLE POSITIONAL DATA FOR EILAND AND KAZITO.
Hole ID	Northing (m)	Easting (m)	Elevation (m)	Drill Azimuth (deg)	Drill Dip (deg)	Total Length (m)
E01A	8298491	327282	823	165	50	129.93
E03	8298503	327324	808	165	50	124.67
KN01	8299400	329949	734	155	50	163.78
Coordinate System: WGS84 UTM Zone 36S

A total of 19 boreholes were completed during theprogram totaling just less than 3 000 m. Drill recoveries were good and no timewas lost through accident or injury on site. All holes have been rehabilitatedand the remaining split core stored on site under guard. During 2011 it isplanned to erect a permanent core yard with steel containers for safe storage.At the end of the drilling programme crew from Terratech were enlisted tocomplete down hole geophysical, survey and optical logging. This was in orderto carefully correlate geophysical response with the logged core as well as tostudy micro structures which should help with understanding the structuralcontrols on the mineralisation.

Additionally the area was covered with a detailed IPsurvey with lines placed to allow for the extension of the already identifiedmineralized zones towards the west where some of the best and largest magneticanomalies have been recorded. An extensive conductor can be identifiedassociated with the large highly magnetic anomalies identified during earlierground geophysical mapping. The IP survey was carried out by the geophysicaldivision of RES. Of importance is that this conductor can be noted in both theMankombiti West and Ntumbwa target areas. The drilling results to date indicatebetter mineralisation, as well as significant thickening, is to be expectedtowards the west and continued drilling is planned during 2011. Over 3 km ofuntested strike still remain to be evaluated at Mankombiti while the fourth newgold target, Bulasho, is still under evaluation for targeting.

The King Solomon Project is located within the centralparts of the Mesoproterozoic Fingoe Belt in western Tete Province, Mozambique.These rocks consist of metavolcanics, metasediments and intrusive granitic andgabbroic rocks. The Project is the subject of the Earn-in and Joint Venture Agreementdated July 10, 2009 (the “Agreement”), with Optimetal, covering exploration,development and exploitation of Prospecting License No. 884L held byOptimetal's Mozambiquesubsidiary (the “License”). The License covers an area of approximately 230 km²in the center of the Fingoe Belt and is now valid through to May, 2015.

The work program at King Solomon, including loggingand sampling, is being conducted by RES under the direction of C. Ocker onbehalf of the joint venture partners. RES has been conducting field programsfor the Company on the Fingoe Regional Gold Project from the initiation of theprogram in 2006. The Project is being managed on behalf of the Company bySenior Consulting Geologist Mr. Pete Siegfried (M.Sc., MAusIMM), a qualified person,who has reviewed and approved the contents of this Press Release. Drillingactivities have been carried out by Mozambican contractor Resource DrillingLda.

According to Irwin Olian, CEO of the Company, “We areencouraged that current drill results continue to highlight the extensiveMankombiti zone at King Solomon, demonstrating the presence of significantcopper, gold and silver mineralization. We look forward to commencing our nextphase of drilling there in the coming months, together with reconnaissancedrilling at the Bulasho target further to the West.”

About African-Queen

The Company is an exploratory resource company withdiversified mineral properties in Southern and West Africa.It is exploring its properties in Mozambique,Kenya and Ghana for gold and other metals and it isexploring its properties in Botswanaand Namibiafor diamonds. The Company's licenses in Botswanaand Namibiacomprise approximately 9208 sq km of diamond prospects. In Mozambique it has approximately 230sq km of gold and other metals licenses under an agreement with anothercompany. In Kenyait has approximately 112 sq. km. of gold and other minerals licenses under anagreement with another company. Its operations in Botswanaare carried out through its operating subsidiary, PAM Botswana (Pty) Ltd.; itsoperations in Namibia arecarried out through its operating subsidiary PAM Minerals Namibia (Pty) Ltd.;its operations in Mozambiqueare carried out through its subsidiary PAM Mocambique Limitada and itsoperations in Ghanaare carried out through its subsidiary AQ Ghana Gold Limited. Its operations inKenyaare being carried out through its operating subsidiary AQ Kenya Gold Limited.The Company has its executive offices in Vancouver,Canada.

ON BEHALF OF THE BOARD OF DIRECTORS OF

AFRICAN QUEEN MINES, LTD.

“Irwin Olian”

Irwin Olian

Chairman & CEO

The TSX Venture Exchange has not reviewed and does notaccept responsibility for the adequacy or accuracy of the content of theinformation contained herein. The statements made in this press release maycontain certain forward-looking statements that involve a number of risks anduncertainties. Actual events or results may differ from the Company'sexpectations.

African Queen Mines Ltd.
Irwin Olian, President and CEO
Phone: [phone]
Fax: [phone]
[e-mail]
or

Scott Young

Business Development

1.705.888.2756

AFRICAN QUEEN MINES

TSX:  AQ.V

FRANKFURT:  QM0

Suite 1450, Box 11553

650 West Georgia Street

Vancouver, BC  V6B4N8, Canada

www.scminerals.com