DGAP-News: Anglo-African Minerals plc: Extension of all Concessions in Guinea
(firmenpresse) - Anglo-African Minerals plc / Miscellaneous
02.03.2010 12:40
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Press Release
Company: Anglo-African Minerals plc
Symbol: FSE: AMQ
ISIN: IE00B66ML191
Release Date: 2 March 2010
Anglo African Minerals plc ('AMQ') is pleased to announce the extension of
all nine of its exploration concessions in Guinea, for a further two years.
The Company explores for Gold, Diamonds, Iron Ore and Copper over a total
area of 1050 Km². The areas of exploration are well known for their rich
and rewarding potential.
The extension of our nine concessions in Guinea further bolsters our now
considerable portfolio.
The permits include five gold concessions, two diamond concessions, one for
Copper and one for Iron-Ore:
Gold
The five gold concessions include firstly the Kouroussa concession where
there are a large number of artisanal miners working in the area for about
5km along a narrow north-south trending ridge of Birimian volcanics that
form the prominent Niandian Range that hosts the Kiniero mine.
There are then two adjacent concession areas to each other on the southern
bank of the Tinkisso river. The area is known to carry alluvial gold, which
has been extensively worked by artisanal miners, and there are known
quartz-vein occurrences to the north of the concession area.
The area is underlain by the BirimianSiguiri formation which contains
small mafic-ultramafic and granitic intrusions along a strong regional
scale north north-eastern trending shear zone. In other parts of the
Siguiri Basin this zone has proved to be a favourable geological setting
for gold mineralisation.
The Kankan gold concession is highly promising; the area is underlain by
the Birimian Siguiri formation which contains small mafic-ultramafic and
granitic intrusions along a strong regional scale north north-eastern
trending shear zone. In other parts of the Siguiri Basin this zone has
proved to be a favourable geological setting for gold mineralisation.
Finally, the Macenta concession in the Diani Valley, about 45km south-east
of the town of Macenta.
Diamonds
The Kindia Diamond concession in the area historically known as an
artisanal diamond mining area known to host paleo-placer deposits, and the
Kissidougou Diamond Permit which lies on the western fringe of the 'diamond
triangle' about 70km west of the Aredor diamond mine.
Copper
The Archean terrane underlying the concession area includes some intrusions
of ultramafic rocks known to be associated with base metals.
Iron-Ore
AMQ's iron-ore concession is SWof the town of Kissidougou in the
south-east of the country. A number of major iron-ore exploration
programmes are underway in this area which is underlain by Archean
granite-gneiss.
For further information contact:
Anglo-African Minerals
Michael Smith
Chairman
msmith(at)anglo-african.net
020 7318 5383
St Andrews Securities
Anglo-African Broker
Harri Huuskonen
T +44 (0) 207 718 0060
M +44 773 928 6880
02.03.2010 12:40 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Datum: 02.03.2010 - 12:40 Uhr
Sprache: Deutsch
News-ID 17133
Anzahl Zeichen: 0
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Kategorie:
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