East Africa Metals completes Mato Bula infill diamond drill program, most recent intersections include 12.60 metres grading 12.59 grams per tonne gold, 0.66% copper, and 1.5 grams per tonne silver.
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East Africa Metals completes Mato Bula infill diamond drill program, most recent intersections include 12.60 metres grading 12.59 grams per tonne gold, 0.66% copper, and 1.5 grams per tonne silver.
Vancouver, British Columbia - May 29, 2017 - East Africa Metals Inc. (TSX-V: EAM) (East Africa or the Company) is pleased to announce newly received results from recently completed infill diamond drilling at the Adyabo Project, Mato Bula deposit in Ethiopia.
Highlight intersections include:
· At Mato Bula - 12.60 metres grading 12.59 grams per tonne gold, 0.66% copper, and 1.5 grams per tonne silver, from 77.40 metres drill depth (WMD085), and;
· At Mato Bula - 7.60 metres grading 14.59 grams per tonne gold, 0.62% copper, and 1.5 grams per tonne silver, from 150.40 metres drill depth (WMD086).
Adyabo Project Mato Bula work program
The Mato Bula infill diamond drill program was concluded on May 15, 2017. A total of 7,025 metres in 49 holes were completed. Geophysical I.P. survey work continues on site, and is expected to be completed in early June 2017. The most recent drill results received are outlined below.
Mato Bula infill diamond drill intercepts
Hole FromTo InterGoldCoppeSilvZinLocalDipProspe
ID (m) (m)val r er c Azim ct
(m) uth
1 g/ %
t g/t
2,3
%
WMD076 16.219.02.76 5.130.04 1.7 0.0270 -45Mato
4 0 1 Bula
40.046.05.99 2.290.26 8.0 0.3
1 0 0
WMD077 30.036.06.00 1.360.55 1.2 0.0270 -69Mato
0 0 2 Bula
63.867.03.20 0.920.21 4.1 1.1
0 0 1
71.893.021.2^0.280.23 4.7 1.0
0 0 ^ 2
includ88.093.05.00 0.470.32 6.3 0.5
ing 0 0 7
WMD078 40.241.00.77 1.900.14 0.0 0.0270 -49Mato
3 0 1 Bula
143.147.3.74 4.221.13 1.2 0.0
26 00 0
151.154.3.60 0.511.70 2.6 0.0
30 90 0
228.232.4.73^0.250.28 6.8 1.5
00 73 ^ 7
WMD079 34.340.66.34 0.540.01 1.7 0.0270 -45Mato
0 4 0 Bula
50.053.83.80 4.840.52 5.9 0.0
0 0 6
WMD080 105.110.5.00 0.610.90 1.8 0.0270 -63Mato
00 00 0 Bula
129.135.6.00 5.390.06 1.1 0.0
00 00 0
includ133.135.2.00 14.90.06 2.0 0.0
ing 00 00 5 0
WMD081 22.825.93.05 2.240.00 0.2 0.0270 -47Mato
6 1 0 Bula
WMD082 47.050.03.00 0.810.93 0.6 0.0270 -47Mato
0 0 0 Bula
81.081.50.58 2.170.37 0.0 0.0
0 8 0
WMD083 214.218.3.39^0.680.18 11.82.4270 -62Mato
91 30 ^ 1 Bula
216.220.4.00 0.760.25 11.20.3
30 30 4
WMD084 96.097.31.23 1.890.86 1.1 0.0270 -49Mato
7 0 0 Bula
125.127.2.00 4.250.21 0.0 0.0
00 00 0
135.135.0.45 12.30.95 19.30.0
48 93 0 5
WMD085 77.490.012.6012.50.66 1.5 0.0270 -56Mato
0 0 9 3 Bula
146.153.7.31 0.800.45 3.3 0.0
22 53 8
WMD086 150.158.7.60 14.50.62 1.5 0.0270 -58Mato
40 00 9 3 Bula
includ153.155.2.65 37.11.44 3.6 0.0
ing 00 65 2 3
WMD087 101.108.6.87 3.740.29 0.7 0.0270 -48Mato
53 40 2 Bula
WMD088 108.123.14.302.390.26 0.6 0.0270 -51Mato
70 00 1 Bula
includ108.115.6.30 4.590.44 1.2 0.0
ing 70 00 2
131.135.4.00 2.641.14 2.8 0.0
00 00 1
1 True thicknesses are interpreted as 60-90% of stated intervals.
2 No topcut has been used on analyses
3 Intervals use a 0.3 gram per tonne gold cutoff value
^^ Zinc interval, not subject to gold cutoff criteria
Harvest Project Update
Diamond drilling results were also received for the Lihamat drill program, as described below.
Hole From To (m)InteGold LocalDip Prospe
ID (m) rval Azim ct
(m) uth
1 g/t
2,3
LD001 49.00 51.00 2.009.84090 -59 Lihama
t
LD002 35.00 36.00 1.004.30090 -54 Lihama
t
61.00 62.00 1.004.370
LD003 No Significant 90 -56 Lihama
Results t
LD004 15.50 17.00 1.503.30090 -61 Lihama
t
1 True thicknesses are interpreted as 60-90% of stated intervals.
2 No topcut has been used on analyses
3 Intervals use a 0.3 gram per tonne gold cutoff value
Diagrams illustrating recent drilling results are attached and available on the website.
Quality Control
The planning, execution, and monitoring of East Africas drilling and quality control programs at the Harvest and Adyabo Projects has been conducted under the supervision of Jeff Heidema, P.Geo., East Africas Vice President Exploration. Mr. Heidema is a Qualified Person as defined by NI 43-101, and has reviewed and approved the geological information contained in this news release. Diamond drilling was coordinated by East Africas contract geologists who also managed the preparation, logging, and sampling of core and rock samples, in addition to carrying out bulk density measurements. During sampling, quality control standards and blanks were introduced at pre-determined intervals to monitor laboratory performance. A system of field, reject, and pulp sample duplicates was also incorporated, as were specific programs of re-assaying and umpire lab assaying to both monitor laboratory performance and also characterize potential mineralization; all consistent with industry best practice.
Drill core samples have undergone preliminary preparation at the Bureau Veritas Mineral Laboratories facility in Ankara, Turkey, and are crushed to 80% passing 10 mesh, and pulverized to 85% passing 200 mesh (PRP70-1KG package). Analyses are conducted at both the Turkey facility and the Bureau Veritas Mineral Laboratories in Vancouver, Canada, with diamond drill core analyses utilizing Aqua Regia digestion and ICP-ES for base metal and silver analyses (AQ370 package), and Infill sample program utilizing Aqua Regia digestion and ICP-MS/ICP-ES (AQ270 package) for base metal and silver analyses. Gold analyses are conducted at the Turkey Bureau Veritas Mineral Laboratories facility via Fire Assay Fusion with AA finish, and gravimetric analyses are completed for over-limit samples (FA430, FA530-Au packages).
Information recorded from diamond drill core assaying was integrated using industry standard data management software (Maxwell Datashed).
More information on the Company can be viewed at the Companys website: www.eastafricametals.com
On behalf of the Board of Directors:
Andrew Lee Smith, P.Geo., CEO
For further information contact:
Nick Watters, Business Development
Telephone: +1 (604) 488-0822
Email: investors(at)eastafricametals.com
Website: www.eastafricametals.com
Suite 700 - 1055 W. Georgia Street
PO Box 11108, Vancouver, BC, Canada V6E 3P3
Tel: 604.488.0822
Toll Free: 866.488.0822
Fax: 604.899.1240
Web: www.eastafricametals.com
Cautionary Statement Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "anticipate", "believe", "plan", "expect", "intend", "estimate", "forecast", "project", "budget", "schedule", "may", "will", "could", "might", "should" or variations of such words or similar words or expressions. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: early exploration; the closing of the agreement with the exploration and development company to advance the Magambazi Project or identify any other corporate opportunities for the Company; mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company's projections and estimates, including the initial mineral resource for the Adyabo, Harvest and Magambazi Projects; mining licence/permit applications, estimated exploration licence extensions, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; foreign taxation risks; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; the speculative nature of strategic metal exploration and development including the risks of diminishing quantities of grades of reserves; contests over title to properties and/or projects; and changes in project parameters as plans continue to be refined, as well as those risk factors set out in the Companys managements discussion and analysis for the year end December 31, 2016 and the Companys listing application dated July 8, 2013. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to thethe successful integration of Tigray Resources Inc.s business with the Company fällt weg
price of gold, silver, copper and zinc; the demand for gold, silver, copper and zinc; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective manner; and the regulatory framework regarding environmental matters, the renewal or extension of exploration licences, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company does not update or revise forward looking information even if new information becomes available unless legislation requires the Company do so. Accordingly, readers should not place undue reliance on forward-looking information contained herein, except in accordance with applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Leseranfragen:
Zu den wichtigsten Projekten und Beteiligungen des Unternehmens gehören das zu 70 % unternehmenseigene polymetallische VMS-Explorationsprojekt Harvest, das sich über eine Fläche von rund 116 Quadratkilometern in der äthiopischen Region Tigray rund 600 Kilometer nord-nordwestlich der Hauptstadt Adis Ababa erstreckt, und das Projekt Adyabo, das unmittelbar im Westen des Projekts Harvest eine Fläche von 312 Quadratkilometern einnimmt. Das Unternehmen hat eine Vereinbarung zum Erwerb einer Beteiligung von bis zu 80 % am Projekt Adyabo unterzeichnet.
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Datum: 29.05.2017 - 09:35 Uhr
Sprache: Deutsch
News-ID 544904
Anzahl Zeichen: 13225
contact information:
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"East Africa Metals completes Mato Bula infill diamond drill program, most recent intersections include 12.60 metres grading 12.59 grams per tonne gold, 0.66% copper, and 1.5 grams per tonne silver.
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