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East Africa Metals Inc Symbol C : EAM Shares Issued 113,949,661 Close 2016-08-10 C$ 0.315 Recent Sedar Documents View Original Document East Africa files mine permit application for Tarakimti 2016-08-11 07:43 ET - News Release Mr. Andrew Smith reports EAST AFRICA METALS FILES MINE PERMIT APPLICATION FOR THE TERAKIMTI OXIDE GOLD PROJECT, ETHIOPIA East Africa Metals Inc. has filed the mine permitting application for the Terakimti oxide gold project at the company's 70-per-cent-owned Harvest project located in the Tigray region of Ethiopia. Final draft documents have been approved by the Board of the Harvest Joint Venture, and the mine permit application has been formally submitted to the Ministry of Mines, Petroleum, and Natural Gas (the "Ministry of Mines") for review. The Company anticipates the Ministry of Mines' review will result in a recommendation to the Licensing Commission for approval of the license. Terakimti Oxide Gold Project Profile : Mineral Resource: 1,125,000 tonnes grading 3.2 grams and 24.0 grams silver per tonne containing 107,000 ounces of gold and 812,000 ounces of silver; Simulated Heap Leach Recoveries: 75.3% gold and 39.7% silver; Mining Method: Conventional open pit; Processing: Heap leaching to produce gold-silver dore. Proposed Mining Operation: The Terakimti oxide deposit is proposed as an open pit mining operation followed by heap leaching and on site processing to produce gold-silver dore. The combination of near surface oxide gold and silver mineralization, hosted in soft rock when compared to other deposits, high and rapid extraction of gold at coarse crush sizes in metallurgical testwork, along with satisfactory percolation rates all support this strategy for the development of the Terakimti Project. Quelle:finanznachrichten.de |
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| aus der Diskussion: | East Africa Metals IncAktie WKN: A1T79H | Symbol: EA1 |
| Autor (Datum des Eintrages): | eri72 (11.08.16 14:52:12) |
| Beitrag: | 2 von 4,948 (ID:53039749) |
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