TSX.V: DME Frankfurt: QM01 July 20, 2018 $640,500 Vancouver, British Columbia / TheNewswire / -- Desert Mountain Energy Corp. is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement which has raised gross proceeds of CAD $640,500. Under the terms of the private placement, the Company has [...]
Desert Mountain Energy is pleased to announce that it has now acquired a further tranche of 12,228 acres under lease for helium, oil & natural gas from the Arizona Department of Land within the prolific Holbrook Basin of Eastern Arizona. The new leases are situated in Navajo, Apache and Coconino Counties. This now brings the Company's total acreage [...]
Desert Mountain Energy is pleased to announce a non-brokered private placement offering to raise gross proceeds of up to CAD $1,500,000. Under the terms of the private placement, the Company will offer for sale up to 7,500,000 Units at CAD $0.20 per Unit. The Company may, in its discretion, increase the size of this offering by up to 20% to a [...]
Desert Mountain Energy is pleased to announce that it has now acquired an additional 12,219 acres under lease for helium oil & natural gas from the Arizona Department of Land within the prolific Holbrook Basin of Eastern Arizona. The new leases are situated in Navajo and Coconino counties. This brings the Company's total acreage under lease in the [...]
Desert Mountain Energy is pleased to announce that it has sold its placer mining tenures in the Atlin, B.C. mining camp to Altan Mining Ltd., of Delta, B.C. The tenures sold were comprised of Placer Lease 361733, Placer Claim 350665 and Placer Claim 379882 covering an aggregate of approximately 466.15 hectares at the Yellowjacket Gold Project in [...]
Desert Mountain Energy is pleased to announce that Gregory Nowak, P.Geo., has joined the Company's technical team as a Senior Consulting Geologist to provide exploration services in connection with the Company's Heliopolis Helium Project in Arizona's Holbrook Basin and its Kight Gilcrease Sand Unit oil field in Seminole County, Oklahoma. Greg has [...]
African Queen Mines is pleased to announce that it proposes to change its name to "Desert Mountain Energy Corp." and to consolidate its common shares on the basis of one post-consolidation Shares for every four pre-consolidation Shares. The Company currently has 114,216,051 Shares outstanding and, following the Share Consolidation, there will be [...]
African Queen Mines is pleased to announce that its wholly-owned U.S. subsidiary DESERT ENERGY CORP has now acquired 12,256 acres under lease for helium, oil & natural gas from the Arizona Department of Land within the prolific Holbrook Basin of Eastern Arizona. An additional 12,041 acres of leases are pending approval. Two of the world's richest [...]
African Queen Mines is pleased to announce that its wholly-owned U.S. subsidiary DESERT ENERGY CORP has now entered into a definitive agreement with SEMINOLE PRODUCTIONS LLC, an Oklahoma private company, pursuant to which Desert Energy will acquire the Kight Gilcrease Sand Unit oil and gas project in Seminole County. As previously announced, Desert [...]
African Queen Mines is pleased to announce that it has now established a new wholly-owned U.S. subsidiary named DESERT ENERGY CORP. to engage in exploration and development of oil and gas and mineral properties in the Southwestern United States. Desert Energy, a Nevada corporation, will be operating as a separate division of the Company under the [...]
built Zinex Mining deep hole drill rig mounted in a custom drill shack with rod handling capabilities. NQ sized drill core was used for the first three holes, however due to drilling difficulties related to the rock encountered HQ core was used on the final hole. Drill core samples were processed by Bureau Veritas Minerals in Whitehorse for sample [...]
African Queen Mines is pleased to announce that it has commenced diamond drilling at the Gold Run prospect at its Yellowjacket Gold Project located 9 km east of Atlin, BC. This initial drilling comprises up to 2000 m of core drilling as part of the Company's 2017 exploration program at the Project. Gold Run is located approximately 1.3 km east of [...]
