AFRICAN EAGLE ANNOUNCES ANOTHER PROMISING NICKEL DISCOVERY IN TANZANIA
African Eagle Resources plc, the diversified mineral exploration and development company operating in eastern and central Africa, is pleased to announce the discovery of a promising nickel laterite at the company’s Zanzui project in Tanzania. This discovery follows the Company’s announcements earlier this year that it had delineated a large nickel-cobalt laterite at its Dutwa project, from which it expects to make a Resource Statement in the next few days.
African Eagle’s Managing Director, Mark Parker said ‘Results from scout drilling to test for a nickel-cobalt laterite blanket over the Zanzui layered intrusive complex, which lies just 70km south of Dutwa, are highly encouraging and indicate potential for the Company to define an additional nickel resource. As at Dutwa, there are indications of significant cobalt by-product.
As one of the few active and fully-funded explorers in the region, with an experienced team on the ground, African Eagle is well-placed to progress the project rapidly.’
The most significant nickel results from the 30-hole, 1,940m scout drilling programme are:
42m at 1.05% nickel from 12m depth, including 6m at 2.80%
33m at 0.91% nickel from 9m depth, including 9m at 1.41%
39m at 0.76% nickel from 9m depth
18m at 1.34% nickel from surface
24m at 1.02% nickel from 18m depth
24m at 0.92% nickel from 9m depth
18m at 1.14% nickel from 9m depth
