Vancouver-based East Africa Metals (TSX-V:EAM) submitted two mining licence applications for the company’s Da Tambuk and Mato Bula Gold deposits at its 100% owned Adyabo Project, located in the Tigray National Regional State, 600 kilometres 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 licence 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 metres. Mineralization occurs in two sub-parallel zones with a strike length of 650 metres in a northeast-southwest direction, a vertical extent of 200 metres and horizontal widths up to 50 metres.
Source: Mining.com
