East Africa Metals Inc. submitted two mining license applications for the Company’s Da Tambuk and Mato Bula Gold deposits at Adyabo Project, owned by the same Company.
By Valentina Ruiz Leotaud (MINING.com)
Vancouver-based East Africa Metals Inc. (TSX-V:EAM) submitted two mining license applications for the company’s Da Tambuk and Mato Bula Gold deposits at its 100% owned Adyabo Project, located in the Tigray Regional State, 600 kilometers north of the Ethiopian capital Addis Ababa.
In a press release, East Africa’s CEO, Andrew Lee Smith, said that following the Ethiopian government’s recent approval of the mining license for the nearby Terakimti Oxide Gold Project, the company realized that holding two additional deposits within a 20-kilometre footprint in an area of well-developed air, road, and power infrastructure offered “exceptional potential for project development.”
Mineral resources at Da Tambuk have been defined as 775,000 tonnes at 4.51 grams per tonne gold and 2.4 grams per tonne silver, containing 112,000 ounces of gold and 59,000 ounces of silver, to a drilled depth of 200 meters. Mineralization occurs in two sub-parallel zones with a strike length of 650 meters in a northeast-southwest direction, a vertical extent of 200 meters and horizontal widths up to 50 meters.
Mato Bula, on the other hand, shows 2,280,000 tonnes grading 3.74 grams per tonne gold, 0.28% copper and 1.1 gram per tonne silver, containing 278,000 ounces of gold, 14 million pounds copper and 70,000 ounces of silver, to a drilled depth of 450 meters. Similar to Da Tambuk, the mineralized zone is open along strike and to depth and mineralization occurs in three sub-parallel zones with a strike length of 850 meters in a northeast-southwest direction, a vertical extent of up to 450 meters and a horizontal width of up to 80 meters. The southern part of Mato Bula, the company says, has a higher copper content relative to gold. The overall Au:Cu ratio is 8.1 to 1.
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See also:
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