Subsequent to the recently acquired mining license for the Terakimti Oxide Gold Project, East Africa Metals Inc. has submitted two additional mining licence applications for the company’s Da Tambuk and Mato Bula Gold deposits at the company’s 100% owned Adyabo Project located in the Tigray National Regional State of the Federal Democratic Republic of Ethiopia.
East Africa’s CEO, Andrew Lee Smith, stated: “Following the recent approval of the Mining Licence for the nearby Terakimti Oxide Gold Project, East Africa is pleased to have submitted formal Mining Licence Applications for two additional deposits at Da Tambuk and Mato Bula. The opportunity to hold three deposits within a 20-km footprint, in an area of well developed, air, road, and power infrastructure offers exceptional potential for project development.”
The company has defined the following mineral resources at Da Tambuk and Mato Bula:
- Da Tambuk: 775 000 t at 4.51 grams per tonne of gold (g/t) and 2.4 g/t silver, containing 112,000 oz of gold and 59 000 oz of silver, to a drilled depth of 200 m. The mineralised zone is open along strike and to depth.
- Mato Bula: 2 280 000 t grading 3.74 g/t gold, 0.28% copper and 1.1 g/t silver, containing 278 000 oz of gold, 14 million lbs copper and 70 000 oz of silver, to a drilled depth of 450 m. The mineralised zone is open along strike and to depth.
At Da Tambuk, mineralisation occurs in two sub-parallel zones with a strike length of 650 m in a Northeast-Southwest direction, a vertical extent of 200 m and horizontal widths up to 50 m.
At Mato Bula, mineralisation occurs in three sub-parallel zones with a strike length of 850 m in a Northeast-Southwest direction, a vertical extent of up to 450 m and a horizontal width of up to 80 m. The southern part of Mato Bula has a higher copper content relative to gold. The overall Au:Cu ratio is 8.1 to 1.