[miningmx.com] — African Eagle Resources (AEA), the AltX-listed mineral resources company, on Wednesday report further positive drilling results from the Ngasamo Hill Deposit at its Dutwa Nickel project in Tanzania.
“The Ngasamo Hill Deposit is shaping up nicely,” said African Eagle managing
director Mark Parker.
“These new results again show that the Ngasamo deposit is rather thicker than the main Dutwa deposit, and as at Dutwa, there are notable cobalt credits,” Parker said.
He added that the “excellent progress” at Ngasamo, together with the recent
appointment of Chad Czerny, one of the world’s top research and development
hydrometallurgists in the nickel laterite field, keep African Eagle well on track
towards the Dutwa pre-feasibility survey.
Assay results have been received from a further 14 drill holes from the western
Ngasamo Oxide Nickel Deposit at Dutwa.
The programme is being extended to 65 vertical Reverse Circulation (RC) drill
holes, with additional holes providing step-out to the south and east, together with
some infill to delineate the ore boundary more precisely.
Each hole is drilled through the blanket-like deposit until it reaches un-mineralised bedrock.
The average depth of the 50 holes drilled at Ngasamo to date is 74m, considerably deeper than at Wamangola.
Under African Eagle’s April 2009 agreement with Ngasamo’s owners, (Safina of the Czech Republic and its Tanzanian subsidiary Precious Metals Refinery Company),
African Eagle will acquire a 35% interest on completion of the current drilling
programme.
The current drilling programme is designed to define a JORC inferred resource.
By carrying out further exploration, evaluation and feasibility work, African Eagle
can increase its equity in the Ngasamo project to at least 50% and up to 75%.
