African Queen Mines is carrying out field work for the phase 1 exploration programme at the Ugunja gold project located on the shores of Lake Victoria in Western Kenya.
The firm is currently conducting stream and termite-mound soil sampling and found 1,100 termite-mound soil samples and 150 stream samples from the licence area.
The Ugunja gold project consists of low-grade metasedimentary rocks, chiefly argillites, sandstones and conglomerates.
According to the earn-in and joint venture agreement with Kenya Discovery, African Queen Mines' subsidiary AQ Kenya Gold Limited may earn up to an 85% interest in the Ugunja project by funding feasibility and exploration stages.
African Queen Mines will act as manager and operator of the project.