Africa West Minerals Corp. (the "Company") presents a progress report on its gold projects in Africa. The Company has recently negotiated earn-in agreements on two gold projects and has signed a Memorandum of Understanding on a third. Company assets lie in the West African country of Liberia and in Kenya and Tanzania, East Africa. Africa West is a company focused on identifying, acquiring and vending superior exploration and development projects.
Kanweaken Project, Liberia West Africa
An agreement was signed with Providence Capital in July 2009, whereby Providence may earn up to 60% of the project. Africa West had undertaken extensive regional exploration in Eastern Liberia during recent years resulting in the retention of 250 square kilometres of gold prospective ground in the Kanweaken area.
Mineralization located to date consists of both alluvial and eluvial gold. The geological setting is permissive for the location of gold deposits similar to those found in adjacent parts of West Africa, such as those in the Ashanti gold fields of Ghana, or in the Birimian of Guinea, Ivory Coast and Mali. Deposit models for this style of mineralization are typically referred to as greenstone-hosted gold, intrusion related gold or syn-orogenic gold deposits.
Ngira Migori Gold Project, Kenya East Africa
Red Rock Resources, PLC has agreed to earn in to 70% of the Ngira Migori gold project.
The 320 square kilometre Ngira-Migori property is located in the Migori Archean greenstone belt in southern Kenya, within 25 kilometres of the Tanzanian border. The project is adjacent to the former gold, silver and copper producing Macalder Mine, which operated between 1941 and 1963. Previous exploration work at Ngira-Migori has included reconnaissance geological mapping and soil sampling over the central portion of the property where current artisanal mining is taking place. The soil sampling has indicated several areas of gold in soil anomalies. Mineralization in this area is characterized by gold in quartz reefs as well as gold associated with massive to disseminated sulphides. The lithology of the area includes greywacke, tuffaceous volcanics and Banded Iron Formation. Surface grab sampling at two of the mineralized reefs returned from 30ppb to 16.7 gAu/t (grams of gold per tonne).
Rosterman Gold Mine, Kenya East Africa
Under a recent MOU signed with Equatorial Mining Ltd, owned by Maris Africa, a UK managed African investment fund. ( http://www.mariscapital.co.uk/maris-africa-fund), Equatorial will evaluate the extensive surface tailings left from the former producing Rosterman Gold Mine. Africa West Minerals owns 100% of the Rosterman Mine which was acquired from the Government of Kenya in 2008.
The Rosterman Mine operated between 1935 and 1953 and recovered over 250,000 ounces of gold at an average grade of 13.6 gAu/t. It is believed that close to 600,000 tonnes of tailings material resides on surface. Equatorial is currently drilling the tailings area in a systematic manner to better evaluate the contained tonnage and grade. Equatorial will have three years to develop and rehabilitate the Rosterman Mine tailings. If Equatorial proceeds with the program to recover the gold in the tailings, Africa West will receive a 5% Net Smelter Royalty.
Bukura and Sigalagala Gold Properties, Kenya East Africa
These two 100% owned properties have a combined size of 48 square kilometres and are in close proximity to the Rosterman Gold Mine property. The 2 areas contain over ten colonial mine sites that exploited gold between 1930 and 1950. Most of these sites had developed shafts and extensive underground workings. The geology in this Kakamega greenstone region of Kenya is Archean aged with a structural setting similar to the Abitibi in Canada. Africa West Minerals is in the process of documenting the historical data associated with the colonial aged mines. The Bukura and Sigalagala licences represent excellent prospects for a potential earn-in partner.
Ugunja Option, Kenya East Africa
The 823 square kilometre Ugunja licence is located at the western edge of the Kakamega greenstone belt, adjacent to the border with Uganda. This area contains similar geology and structure as the Rosterman Mine, located 25km to the east. Previous work on the Ugunja Licence includes local soil and termite mound sampling which has identified several areas of anomalous gold. The eastern half of the project area represents the highest priority for further soil sampling, mapping and trenching. This large project area requires a $200,000 2 phase program to define drill targets.
Sotik Application, Kenya East Africa
The Sotik project is a 483 square kilometre property that is in application with the Kenya Government. The project area lies on the eastern edge of the Nyanzan Greenstone belt in Southern Kenya. This project area has not seen any modern exploration and requires a first phase regional mapping and sampling program to prioritize any follow-up work.
Nyakagwe Project, Tanzania East Africa
The Nyakagwe Gold Project is located 6km north west of Barrick's Bulyankhulu Gold Mine and contiguous with Lakota Resources' Tembo Project. Africa West Minerals, through their wholly owned subsidiary Gold Rim Exploration Inc. is earning 100% of the Nyakagwe project by bringing the property to the Mining Licence category. The project consists of 46 Primary Mining Licences that have been put together by a local artisanal mining cooperative. A prospecting licence has recently been granted adjacent to and surrounding the Nyakagwe group which will increase the landholdings in an extremely strategic area.
A 1400m Aircore and RC drilling program was completed in 2008 that confirmed gold mineralized quartz reefs at depth. Hole NY012 intersected quartz reef from 22m to 26m down the hole and returned 7.03 gAu/t over 4 meters including 17.75 gAu/t over 1 meter.
"Africa West is well positioned with what we believe are quality gold projects in three lower risk African countries," comments Jim Gillis, President. "Africa West provides a great opportunity, for companies that are not yet exposed to African gold projects, to participate through a JV or earn-in arrangement."
The technical content of this news release has been prepared under the supervision of Jeffrey Ackert who is a Qualified Person under National Instrument 43-101
For additional information, please contact:
James T. Gillis, President
Telephone: (250) 314-0186
Jeffrey S. Ackert, VP Business Development and Exploration
Telephone: (613) 851-7699
This news release contains certain statements that may be deemed "forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Africa West believes the expectations expressed in such forward- looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Africa West's management on the date the statements are made. Africa West undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change, except as required by law.
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