JV Partner Announces High Grade Drill Results At Miyabi Gold Project
African Eagle Resources plc ("African Eagle" or "the Company"; AIM: AFE; AltX: AEA) is pleased to report that its joint venture partner BrightStar Resources Ltd ("BrightStar") has announced gold results from its reverse circulation drilling programme at Miyabi gold project in Tanzania.
New results include:
* 9m at 1.45g/t gold from 28m * 2m at 1.83g/t from 53m * 2m at 5.4g/t from 81m * 4m at 1.78g/t from 1m * 5m at 1.34g/t from 1m
The results confirm broad zones of gold mineralisation near the granite- greenstone contact.
BrightStar's latest results are from reverse circulation (RC) holes in the contact and Ndagalu areas, following up results from earlier shallow rotary air blast drilling. In all, 31 RC holes for 2,605m were completed on sections spaced 200m to 400m apart, with results from about half having been announced previously.
The drilling revealed broad zones of gold mineralisation in sheared and brecciated greenstones close to the granite contact. These zones included intersections such as 71m at 0.22g/t Au from 13m and 48m at 0.22g/t Au from 18m. BrightStar comment that these broad zones of primary gold mineralisation require follow-up to understand the controls on the higher grade mineralisation, which will be done in conjunction with testing of a high grade zone discovered during 2011.
BrightStar also reports that a new rig has arrived in Mombasa, Kenya and is expected to be drilling at Miyabi in May.
The Miyabi gold project is a Joint Venture between African Eagle and ASX-listed BrightStar Resources Ltd, under which BrightStar can earn up to 75% of the project by completing exploration and a feasibility study.
A table of all mineralised intersections is set out in the appendix to this release and full details of the Miyabi drilling programme and results can be found on BrightStar's web site: http://brightstarresources.com.au/
About African Eagle
African Eagle Resources plc is a junior mining developer and explorer with projects in Tanzania and Zambia. The Company's flagship project is the Dutwa nickel project in Tanzania located about 25 kilometres south of Lake Victoria and 140 kilometres east of Mwanza within Greenstone gold belt which hosts many of Tanzania's operating and developing gold mines. The Company is quoted on the AIM market of the London Stock Exchange (AIM: AFE) and on the AltX of the JSE (ALTX: AEA).
Information in this report relating to reported exploration results is based on data reviewed by Mr Christopher Davies BSc, MSc, DIC, FSEG, FAusIMM, Operations Director for African Eagle, who is a Fellow of the Australasian Institute of Mining and Metallurgy, has more than 30 years' relevant experience in mineral exploration, and is a Qualified Person under AIM rules. Mr Davies consents to the inclusion of the information in the form and context in which it appears.
A glossary of technical terms used by African Eagle in this announcement and other published material may be found at www.africaneagle.co.uk/african-eagle- projects-glossary.html
For further information:
Please see the Company's web site at www.africaneagle.co.uk or contact one of the following:
African Eagle Resources plc Trevor A. Moss (CEO) Chris Davies (COO) Yasumi Toyoda (Investor Relations) +44 20 7248 6059
Canaccord Genuity Limited Rob Collins Andrew Chubb + 44 207 050 6500
Ocean Equities Limited Guy Wilkes +44 20 7786 4370
Russell & Associates, Johannesburg Charmane Russell Marion Brower +27 11 8803924 +27 82 8928052
* Sampling carried out using a cyclone and riffle splitter at 1m intervals * Sample preparation at ALS Global in Mwanza, Tanzania * Gold analysis using 50g fire assay carried out by OMAC Laboratories in Ireland * QAQC samples submitted routinely with excellent results * Holes located by GPS then transformed to local grid coordinates
Intersections are generally interpreted to represent true width
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: African Eagle Resources PLC via Thomson Reuters ONE
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