African Queen Mines is pleased to announce that it is now in final preparation for its 2017 core drilling program at the Yellowjacket Gold Project located 9 km east of Atlin, BC. After reviewing several prospective zones on its tenures, the company has prioritized the Gold Run prospect for initial drilling this season. Gold Run is the term given to [...]
African Queen Mines is pleased to announce the closing of the first tranche of its previously announced non-brokered flow-through private placement which has raised gross proceeds of CAD $60,010. Under the terms of the private placement, the Company has issued 1,000,166 common shares on a "flow through" basis pursuant to the Income Tax Act at a [...]
African Queen Mines is pleased to announce that it has now received from the B.C. Ministry of Energy, Mines and Petroleum Resources its Amended Mines Act Permit: MX-1-611, which authorizes various exploration activities including diamond drilling on 16 mineral tenures comprising the Company's historic Yellowjacket Gold Mine 9 km. E of Atlin, B.C [...]
African Queen Mines is pleased to announce the closing of its previously announced non-brokered private placement which was fully subscribed and has raised gross proceeds of CAD $601,220. Under the terms of the private placement, the Company has issued 12,024,400 Units at CAD $0.05 per Unit. Each Unit consists of one common share of the Company and [...]
African Queen Mines is pleased to announce a non-brokered private placement offering to raise gross proceeds of up to CAD $600,000. Under the terms of the private placement, the Company will offer for sale up to 12,000,000 Units at CAD $0.05 per Unit. The Company may, in its discretion, increase the size of this offering by up to 20% to a maximum [...]
African Queen Mines is pleased to announce that it has now commenced its 2017 work program at its Yellowjacket Gold Project 9 km. E of Atlin, B.C. The Company now controls 51 mineral claims, 3 placer claims and one placer lease covering an aggregate of 291.54 km2 of strategic ground in the historically significant placer mining areas associated [...]
African Queen Mines is pleased to announce that it has now concluded new placer mining agreements with two separate third parties, Mr. Lenard Diduck of Atlin, and his affiliates and Mr. Matt Norris of Delta, and his affiliates. The Agreements cover placer mining operations by such parties on the Company's Placer Lease 361733, Placer Claim 350665 [...]
African Queen Mine is pleased to announce that the British Columbia Geology Survey, Ministry of Energy and Mines, has just published a report documenting the recent discovery of bonanza grade gold in quartz veins in bedrock beneath the Slonski operation placer pit on Otter Creek, approximately 15 km E of the town of Atlin, B.C. (Mihalynuk, M.G [...]
African Queen Mines is pleased to announce that it has acquired mineral claim 1030439 covering approximately 704.92 hectares known as the Pictou Property situated on benchlands near the town of Atlin on the northwest side of Pine Creek, as well as two other mineral claims 389658 and 389660, covering 500 hectares each, on the south side of Spruce [...]
African Queen Mines announces that it granted on January 9, 2017, subject to any necessary regulatory approvals, incentive stock options to purchase up to an aggregate of 2,150,000 shares of its Common Stock. Of these options, 700,000 are being granted to a group of six officers and directors, and 1,450,000 are being granted to a group of seven [...]
African Queen Mines is pleased to announce the closing of its previously announced non-brokered private placement which has raised gross proceeds of CAD $252,000. Under the terms of the private placement, the Company has issued 7,200,000 common shares at CAD $0.035 per Share. The Company paid cash finders' fees of CAD $1,225 representing 0.49% of [...]
African Queen Mines is pleased to announce that the TSX Venture Exchange has granted the Company a discretionary waiver pursuant to its Bulletin dated April 7, 2014 - Discretionary Waivers of $0.05 Minimum Pricing Requirement, whereby the Exchange maintains discretion to waive its $0.05 minimum pricing requirement on a case by case basis. As such [...]
