Friday 9th December 2016

Resource Clips


To Africa and back

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The 2012 program examined a major shear zone, with future exploration to include two additional, parallel shear zones, African Queen stated. The project sits on the Lake Victoria Greenstone Belt, 380 kilometres from Nairobi. The company may earn up to an 85% interest in Odundu from Kenya-based Abba Mining. African Queen acts as project operator.

African Queen’s ground survey crew takes a break at the Odundu Gold Project in Kenya.

African Queen’s ground survey crew takes a break
at the Odundu Gold Project in Kenya.

The company has two other Kenyan operations. Phase I ground exploration, including sampling and trenching, is underway at its Ugunja Gold Project. African Queen may earn up to an 85% interest in this project from Kenya Discovery Ltd. Last October African Barrick Gold acquired adjacent property as part of its $20-million takeover of Aviva Mining.

African Queen is planning Phase I exploration for its wholly owned Karameri Metals Project, which the company believes is prospective for copper, gold, iron ore and nickel.

In Ghana, African Queen has completed a 26-hole, 1,982-metre near-surface drill program on the Noyem-Nyafoman Gold Project. This option agreement allows the company to earn up to 75% from Akan Exploration.

African Queen opened December 31 at $0.09 and closed a penny and a half higher. AQ’s chart flattened out at $0.105 throughout January 2.

In other January 2 gold news, SLAM Exploration TSXV:SXL announced it found visible gold at three of nine holes drilled at its Menneval Gold Project in New Brunswick. Assays are pending. SLAM also holds the Nepisiguit and Nash Creek silver-base metal deposits in New Brunswick and the Reserve Creek property in northwestern Ontario.

SLAM opened January 2 at $0.405, the day’s high and a jump above its previous close of $0.26. The shares then fell back to a January 2 close of $0.30.

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