West Africa Mining Holding AG / Strategic Company Decision 24.03.2010 08:32 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- West Africa Mining Holding AG 24.9% of the share capital of SN Mineral Mining Ltd. with HQ in Birmingham, Great Britain. The share capital of SN Mineral Mining Ltd. is currently 800,000 British pounds (around EUR 900,000). SN Mineral Mining Ltd. is currently carrying out a gold exploration project in South East Senegal. The project is being led by the renowned geologist Dr. Madani Diallo. SN Mineral Mining Ltd. already received a contract from the Ministry of mining and raw materials to develop the local mining industry, giving them the right to exploration, prospecting and extraction of gold in the licence area of 'Velingara'. This area is in the immediate geographical vicinity of the already proven gold deposits in South East Senegal, and the geological and geophysical structures are thoroughly comparable. The prospecting phase I of the work programme has already been successfully completed. All information about the licence and licence area can be found on the SN Mineral Mining Ltd. homepage. http://www.sn-mining.com The final report about prospecting phase I will be presented to the public in the course of April 2010. The prospecting work for phase II has already begun. In the course of the work programme of prospecting phase II several thousand surface and rock samples will be taken from the licence area and given to an independent laboratory for analysis Dr. Diallo about the SN Mineral project: 'The licence area of Velingara in South East Senegal at over 600km² and with the immediate geographical connection to the previously discovered and current gold projects in this region is one of the best destinations for prospecting precious metals in West Africa. Very few companies are in possession of comparable licences. The management and the shareholders of SN Mineral Mining Ltd. have enabled the immediate start of work in the licence area of Velingara due to the formation of a solid capital structure. We, M-Consult, and myself personally are convinced that we will soon be able to come up with the first results of the research work in Velingara with regard to the geophysical data available to us. Currently a team of over 30 geologists and employees of M-Consult are working on the exploration project of SN Mineral Mining Ltd. The work is going according to plan and we expect to complete the prospecting work for phase II before the start of the rainy season in July 2010. At the same time as these efforts I assume that we will have the first laboratory analyses available in a few weeks, in order to be able to make the area a focus of our efforts in the current prospecting.' Above and beyond this development, SN Mineral Mining Ltd. has been able to secure the rights to a second licence area in South East Senegal for exploration, prospecting and extraction of gold in the past few weeks. The contractual regulation of this exploration procedure has already been signed by the Minister for mining and raw materials. Details of the second licence will soon be available to the public and our shareholders on the homepage of SN Mineral Mining Ltd. You can find more information at; West Africa Mining Holding AG Untermüli 6 CH-6300 Zug Switzerland Email info@westafrica-mining.com Internet http://www.westafrica-mining.com Tel +41 (44) 586 0 111 About West Africa Mining Holding AG West Africa Mining Holding AG is an investment company focusing purely on exploration, mines, crude oil and gas pumping companies. Westafrica Mineral Mining Ltd. is a 100% subsidiary company of West Africa Mining Holding AG. The company model of West Africa Mining Holding AG is based on the financing and development of new exploration companies in areas with above average potential for mineral extraction. The investment horizon of the individual projects and investments is 2 to 5 years. About SN Mineral Mining Ltd. SN Mineral Mining Ltd., Great Britain, with a branch office in Dakar, Senegal, is currently carrying out an exploration to prospect for gold and other precious metals in South East Senegal. The country of Senegal is one of the most economically and politically stable countries in the region of West Africa. Leading raw material exploration companies such as AngloGoldAshanti, Randgold, Oromin, Arcelor Mittal, MDL Deposits and IAMGold have been active in Senegal for many years. SN Mineral Mining Ltd. will be present as an exhibitor at the largest mining trade fair in West Africa from 12th to 15th April in Dakar, Senegal. More information at; SN Mineral Mining Ltd. 69 Great Hampton Street B18 6EW Birmingham, United Kingdom Senegal branch SN Mineral Mining Ltd. 8 Rte Meridian President - R/C Esq. Almadies - Dakar E-mail mail@sn-mining.com Website http://www.sn-mining.com 24.03.2010 08:32 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|] ---------------------------------------------------------------------------
DGAP-News: West Africa Mining Holding AG invests in gold exploration project in Senegal
| Source: EQS Group AG