Business
East Africa Mobilizes for Upcoming Drill Program
East Africa Mobilizes for Upcoming Drill Program Canada NewsWire VANCOUVER, Feb....
About this update from East Africa Metals, Inc.
[{"type":"text","content":"\n\n\n\nEast Africa Mobilizes for Upcoming Drill Program\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Feb. 3, 2020\n\n\n\nVANCOUVER, Feb. 3, 2020 /CNW/ - East Africa Metals Inc. (TSX Venture: EAM) (\"East Africa\", \"EAM\" or the \"Company\") would like to provide an update on the ongoing exploration/development of its gold and gold/copper/zinc projects in the Federal Democratic Republic of Ethiopia (\"Ethiopia\"). The Company previously signed a diamond drilling contract for up to 10,000 metres. The Phase 1 drilling program has been initiated and equipment has begun being deployed to support the campaign.\nBased on the recently completed sale of the 70% interest of EAM's Ethiopian subsidiary, Tigray Resources Inc. (\"TRI\") to Tibet Huayu Mining Co. Ltd (news release dated February 8, 2019), EAM  retains the mineral rights and all exploration obligations for the prospective targets not incorporated in the current resources defined within  the Terakimti, Mato Bula and Da Tambuk mining licenses (\"EAM Mineral Resources\"). EAM will advance the exploration agenda through diamond drilling and geophysical programs with the objective to expand and upgrade the current resource base and drill untested, high priority exploration prospects.\nListed below are the exploration targets that host potential to improve current resources and potentially increase the total resource base (news release dated May 7, 2018). Highest priority exploration targets that have potential to increase the resource base will be the focus of Phase 1 drilling;\nAdyabo Property \n\nHalima Hill I.P. – Represents a compelling target as a large, open (to depth and southward) I.P. chargeability anomaly extending laterally 500 metres south beyond the established Mato Bula mineralization. The currently defined copper/gold mineralization increases in silver and zinc content locally in the south region of the resource. Being an open I.P. target, the feature requires drill qualification and has potential, with mineralization identification, to represent a ...