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East Africa Metals Announces a Resource Update for the Adyabo Project, Ethiopia
VANCOUVER, BC--(Marketwired - June 14, 2016) - East Africa Metals Inc. (TSX VENTURE: EAM) ("East Africa" or the "Company") is pleased to announce an updated ind
About this update from East Africa Metals, Inc.
[{"type":"text","content":"VANCOUVER, BC--(Marketwired - June 14, 2016) - East Africa Metals Inc. (TSX VENTURE: EAM) (\"East Africa\" or the \"Company\") is pleased to announce an updated independent mineral resource estimate for the Adyabo Project in Ethiopia. The recent 40 x 40 metre spaced infill drill program strategically targeted on the core areas of Inferred Resource gold mineralization at Da Tambuk and Mato Bula (Figure 1). A total of 4,029 metres of diamond drilling in 31 holes was completed during the infill campaign. Key highlights of the updated Resource include; The conversion of 446,000 gold equivalent ounces to the Indicated Resource classification. The gold grade for the Indicated portion of the resource has increased to 3.92 grams per tonne gold, compared with the initial overall Inferred Resource grade of 2.26 grams per tonne gold, an increase of 73%. In complement to this increased grade, over 95% of the Indicated equivalent gold ounces are recoverable via the near surface Pit Constrained model. For the Indicated Resource, Pit Constrained gold and gold equivalent grades are 3.94 grams per tonne, and 4.30 grams per tonne respectively. The mineral resources reported herein have been estimated using criteria consistent with the Canadian Institute of Mining and Metallurgy (\"CIM\") Definition Standards (2014) and in conformity with the CIM \"Estimation of Mineral Resources and Mineral Reserves Best Practice\" (2003) guidelines. The disclosure of this Mineral Resource is compliant with National Instrument 43-101 Standards of Disclosure for Mineral Projects (\"NI 43-101\"). Adyabo Project Mineral Resource Estimate David Thomas, P. Geo. (Effective Date: May 31, 2016) Gold Copper Silver Gold Equivalent Gold Metal Copper Metal Silver Metal Gold Equivalent Metal Category Tonnes (Au g/t) (Cu %) (Ag g/t) ( Au g/t) (Au Ozs) (Cu Mlbs) (Ag Ozs) (Ozs) Indicated 3,215,000 3.92 0.24 1.4 4.29 408,000 16.8 132,000 446,000 Inferred 5,930,000 1.43 0.50 2.9 2.27 273,000 65.7 559,000 434,000 Footnotes to mineral resource statement:Fladgate Exploration Consulting Corporation (\"Fladgate\") reviewed E...