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To: Goose94 who wrote (5357)4/7/2014 8:13:53 AM
From: Goose94Respond to of 202843
 
Tigray Resources (TIG-V) Intersects 28.2 Metres at 8.50 Grams per Tonne Gold at Mato
Bula, Adyabo Project, Northern Ethiopia

Apr 7, 14 - NR

Tigray Resources is pleased to announce diamond drill results from Phase 2 drilling at the Mato Bula
discovery at Adyabo (refer to Tigray's news release dated July 16, 2013 for Phase 1 drill results).
Six additional holes (WMD007 to 012) have been completed, totalling 1,117 metres. Drilling on 80
metre sections targeted extensions to mineralization defined during the Phase 1 diamond drilling
campaign (WMD002 to 006). This drilling has extended Upper Lode mineralization to depth over
150 vertical metres below surface, and to 80 metres extensions at both the northern and southern
extents of existing drill intersections. Eleven diamond drill holes have now tested the system over a
640 metres strike.

Highlights include;

--  Section 19880N - WMD007 drilled 100 vertical metres down dip of     
mineralization intersected in WMD006 (12.28 metres grading 12.25 grams
per tonne gold and 0.30% copper - refer to Tigray's news release dated
July 16, 2013 ) at Silica Hill, and intersected 28.20 metres at 8.50
grams per tonne gold and 0.24 percent copper including 17.55 metres at
13.18 grams per tonne gold and 0.27 percent copper, from 179.75 metres
drill depth.
-- Section 19960N - WMD009 drilled 80 metres grid north of WMD006 and 007,
and intersected 14.87 metres at 4.49 grams per tonne gold and 0.04
percent copper including 7.90 metres at 7.95 grams per tonne gold and
0.05 percent copper, from 164.20 metres drill depth.
-- Section 19400N - WMD012 drilled the depth extension to previous
mineralization at Mato Bula South (WMD004), and intersected 12.98 metres
at 4.40 grams per tonne gold and 0.87 percent copper from 105.62 metres
drill depth.
-- Section 19320N - WMD011 drilled 80 metres south of previous drilling at
Mato Bula South (WMD004), and intersected 13.98 metres at 2.28 grams per
tonne gold and 0.74 percent copper including 5.43 metres at 4.88 grams
per tonne gold and 0.82 percent copper, from 126.25 metres drill depth.
At Silica Hill, Upper Lode mineralization and alteration is now defined to 150 metres vertical
depth below surface, remains open at depth, and has been defined on two sections 80 metres apart.
The tenor (gram-metres) of Upper Lode mineralization and intensity and volume of alteration increases to
depth on both sections. Step out drilling, initially along strike to both the north and south at Silica Hill, is
required to test the near surface potential of this discovery.

At Mato Bula South, Phase 2 drilling has extended the Upper Lode mineralization at depth and 80 metres
south of previous drilling. The tenor (gram-metres) of Upper Lode mineralization increases at depth on
section 19400N.

Both Silica Hill and Mato Bula South are part of the Mato Bula Trend, a mineralized corridor now defined
over 8 kilometres in strike length. Gold-copper mineralization is interpreted to be part of a porphyry style
Cu-Au system containing porphyry-style mineralization, high-grade Au-Cu quartz veins and possible
replacement styles of mineralization.

Other significant targets previously identified along strike include:

--  Mato Bula North approximately 1 kilometre northeast of Mato Bula where a     
one hole test into the interpreted carapace of a porphyry intrusion
intersected 17.35 metres grading 1.65% copper and 0.40 grams per tonne
gold from 53.80 metres drill depth (WMD001 - hole abandoned before full
test of drill target) (refer to Tigray's news release dated July 16, 2013);
and -- Da Tambuk approximately 4 kilometres northeast of Mato Bula where a four
hole test yielded best results of 12.00 metres at 17.34 grams per tonne
gold and 0.32 percent copper from 52.75 metres drill depth (refer to
Tigray's news release dated March 11, 2014.
Andrew Lee Smith, President and CEO of Tigray stated, "Our continued success in identifying new
discoveries and robust drill intersections is a testament to the potential for significant discovery that this
region of Ethiopia possesses."

Mato Bula Phase 2 Diamond Drill Intercepts

-------=====================================================================                                              Gold                                                                        grams/                                                             Interval   tonne Copper          Local     Hole ID          From (m)  To (m)   (m)(1)   (2,3)      %   Zone Azimuth Dip ---------------------------------------------------------------------------- WMD007                                                    Upper/                                179.75  207.95    28.20    8.50   0.24   Main     274 -46                  ----------------------------------------                            including  189.25  206.80    17.55   13.18   0.27                                     ----------------------------------------                                  and                                                                    including  195.80  206.80    11.00   19.55   0.35                    ---------------------------------------------------------------------------- WMD008                                                    Upper/                                 77.20  105.00    27.80    1.81   0.07   Main     279 -50                  ----------------------------------------                            including   94.60   98.60     4.00    5.75   0.04                    ---------------------------------------------------------------------------- WMD009                                                    Upper/                                164.20  179.07    14.87    4.49   0.04   Main     273 -48                  ----------------------------------------                            including  166.40  174.30     7.90    7.95   0.05                    ---------------------------------------------------------------------------- WMD010              No Significant Intervals                         272 -46 ---------------------------------------------------------------------------- WMD011              97.40  101.45     4.05    1.24   0.51   Main     274 -45                  -----------------------------------------------                                126.25  140.23    13.98    2.28   0.74  Upper                              ----------------------------------------                            including  131.45  136.88     5.43    4.88   0.82                    ---------------------------------------------------------------------------- WMD012             105.62  118.60    12.98    4.40   0.87  Upper     272 -45                  ----------------------------------------                            including  105.62  108.72     3.10   17.08   3.05                                     -----------------------------------------------                                141.40  142.40     1.00   14.60   0.08                    ============================================================================ (1) True thicknesses are interpreted as 65-90% of stated intervals.          (2) Intervals use a 0.3 g/t cutoff value.                                    (3) No top cut has been used on assay values.                                 
Click here to view a Map of the Mato Bula Drill Hole Locations

Quality Control

The planning, execution and monitoring of Tigray's quality control programs at the Harvest project are
under the supervision of Jeff Heidema, P.Geo., Tigray's Vice President Exploration. Mr. Heidema is a
Qualified Person as defined by National Instrument 43-101. Diamond drill core samples and trench
samples have undergone preliminary preparation at the Acme Laboratories facility in Ankara, Turkey,
and are crushed to 80% passing 10 mesh, and pulverized to 85% passing 200 mesh (PRP70-1KG
package). Analyses are conducted at Acme Laboratories in Vancouver, Canada, utilizing Aqua Regia
digestion and ICP-ES for base metal and silver analyses. Gold analyses are conducted via Fire Assay
Fusion with AA finish, and gravimetric analyses are completed for over-limit samples. Blanks and certified
reference standards are inserted into the sample stream to monitor laboratory performance. For core,
duplicate samples are inserted into the sample stream to both monitor laboratory performance and also
characterize potential mineralization.

Qualified Person

Mr. Heidema has reviewed and approved the scientific and technical information contained in this news
release.

About Tigray

Tigray is a Canadian mineral exploration company focused on discovery through advancing early-stage
mineral projects in Ethiopia. Tigray's key property is the 70%-owned Harvest polymetallic VMS exploration
project, which covers 155 square kilometres in the Tigray region of Ethiopia, 600 kilometres north-
northwest of the capital city of Addis Ababa. The company has an option to earn an 80% interest in the
Adyabo property covering 418 square kilometres immediately west of the Harvest project. Tigray's shares
trade on the TSX Venture Exchange under the symbol TIG.

Tigray and East Africa Metals Inc. ("East Africa") (TSX VENTURE:EAM) have jointly announced that they
have entered into a definitive agreement pursuant to which East Africa has agreed to acquire all of the
issued and outstanding common shares of Tigray (other than the Tigray shares East Africa currently owns). The transaction will be implemented by way of a statutory Plan of Arrangement under the Canada Business Corporations Act (refer to Tigray's news release dated February 24, 2014).

More information on Tigray Resources Inc. can be viewed at the company's website at www.tigray.ca.

On behalf of the Board of Directors:

Andrew Lee Smith, P.Geo.

President, CEO and Director
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.




CONTACT INFORMATION:

Nick Watters, Business Development
604-488-9582
investors@tigray.ca
www.tigray.ca



To: Goose94 who wrote (5357)5/7/2014 8:03:17 AM
From: Goose94Respond to of 202843
 
TIG-V halted



To: Goose94 who wrote (5357)5/7/2014 6:18:33 PM
From: Goose94Respond to of 202843
 
East Africa Metals (EAM-V) Completes Arrangement With Tigray Resources (TIG-V)



To: Goose94 who wrote (5357)6/19/2014 7:46:26 AM
From: Goose94Read Replies (2) | Respond to of 202843
 
East Africa Metals (EAM-V) June 19, '14 is pleased to provide the following corporate update. Having successfully completed a plan of arrangement on May 7, 2014 with Tigray Resources Inc. ("Tigray"), pursuant to which East Africa acquired all of the issued and outstanding shares of Tigray, East Africa now has two significant assets (see News Release dated May 7, 2014), being the Harvest project (the "Harvest Project") in Ethiopia, including the Terakimti prospect area and the Handeni property, which includes the Magambazi gold project (the "Magambazi Project") in Tanzania. In addition, pursuant to the plan of arrangement with Tigray, East Africa acquired an option to acquire the Adyabo property in Ethiopia.

ETHIOPIA

The 70%-owned Harvest Project is a polymetallic volcanogenic massive sulphide exploration project, which covers approximately 155 square kilometres in the Tigray region of Ethiopia, 600 kilometres north-northwest of the capital city of Addis Ababa. The Company also has the option to acquire up to an 80% interest in the Adyabo property covering 312 square kilometres immediately west of the Harvest Project.

Tigray released its initial National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") gold, copper, silver and zinc mineral resource estimate (see Tigray's News Release dated January 27, 2014) for the Terakimti volcanogenic massive sulphide deposit on its Harvest Project located in the Arabian Nubian shield in northern Ethiopia. This mineral resource estimate is contained within the first prospect discovered at the Harvest Project in 2009 and incorporates 16,495 metres of drilling in 79 diamond drill holes.

Highlights include:

  • Indicated mineral resources of 2.131 million tonnes containing 89,477,000 pounds copper, 86,000 ounces gold, 1,130,000 ounces silver and 66,871,000 pounds zinc;
  • Inferred mineral resources of 3.920 million tonnes containing 76,385,000 pounds copper, 166,000 ounces gold, 2,264,000 ounces silver and 137,459,000 pounds zinc;
  • Mineral resource is defined to a depth of 300 metres and has potential to continue at depth;
  • Near-surface oxide gold mineralization shows potential for heap leach amenability;
  • Supergene and primary mineralization produce copper concentrates (25-per-cent copper grade) through conventional flotation processes, with further optimization possible. Attractive zinc concentrates are also produced on selected mineralization.
  • Exploration Update

    Following the plan of arrangement with Tigray, East Africa continued with Tigray's Adyabo project exploration program which was in progress in Ethiopia, with a focus on targeting both extension and infill diamond drilling of mineralized zones identified at both the Mato Bula and Da Tambuk gold prospects. A total of 14 diamond drill holes have been planned to further test the mineralized systems. Drilling is anticipated to be complete by the end of June 2014.

    TANZANIA

    In Tanzania, East Africa's Magambazi Project has an established mineral resource (See News Release filed by Orca Gold Inc. (formerly Canaco Resources Inc.) dated May 15, 2012). Using a cut-off grade of 0.5 grams per tonne gold, a gold price of US$1,250 per ounce and data from 102,600 metres of diamond drilling in 397 holes, as at May 15, 2012, Magambazi Project is estimated to contain an indicated mineral resource of 15.2 million tonnes grading 1.48 grams per tonne gold and containing 721,300 ounces of gold, as well as an inferred mineral resource of 6.7 million tonnes grading 1.36 grams per tonne gold and containing 292,400 ounces of gold.

    Exploration Update

    East Africa continues to assess current Tanzanian land holdings to identify additional exploration opportunities.

    Re-evaluating the Magambazi Project mineral resource

    The Company believes that there is an opportunity to improve the potential economic viability of the Magambazi Project and intends to re-evaluate the project through a review of the existing mineral resource and the conceptual mine plans on which the resource estimation was based.

    This review is expected to include a re-evaluation of the Magambazi Project mineral resource based on selective mining of high-grade mineralization through the application of selective mining methods on surface and underground. The process will refine the current block model utilizing existing data which the Company expects will more precisely delineate continuous, high-grade mineralized zones within the limits of the current resource and produce a mineral resource estimate amenable to selective mining methods.

    Expansion of the existing Mining License

    A 10 km extension Mining License application has been submitted to the Tanzanian Ministry of Energy and Minerals.

    Discussions with potential development partners

    The Company continues to advance discussions with interested parties with the objective of identifying a development partner to joint venture or purchase the Magambazi Project. To date, a number of parties have been identified and due diligence has been completed, including site visits, and ongoing discussions continue regarding the terms of a potential development partnership.

    Corporate Development

    As at May 31, 2014, the Company has working capital of approximately $16.4 million and is well funded to take advantage of acquisition opportunities which are being brought to its attention in the current business environment. The Company currently has 101,699,611 shares outstanding.

    Strategic Alternatives

    The Company continues to evaluate corporate opportunities in East Africa and the surrounding regions. The Company is focused on identifying assets that are expected to allow the development of tangible value over the short- to medium-term.
    Criteria that are priorities in this process include: the presence of an existing mineral resource; the presence of significant advanced exploration targets capable of generating discoveries that will add to the existing mineral resource and the location of assets in jurisdictions in which the Company's experience in operating in East Africa can be effectively applied.

    Qualified Person

    Technical information included in this news release was approved by Jeff Heidema, P.Geo., the Company's Vice President Exploration. Mr. Heidema is a Qualified Person as defined by National Instrument 43-101.

    For additional information on the Handeni project, including the Magambazi Project, see the technical report prepared in accordance with NI 43-101 by Dr. Sandy M. Archibald, P.Geo. and Ian J. Farrelly, P.Geo., each of Aurum Exploration Services, James N. Gray, P.Geo. of Advantage Geoservices Ltd. and Dr. James A. King, P.Eng. of Jim King Consulting Inc. entitled "Mineral Resource Estimate and Update to a NI 43-101 Technical Report for the Handeni Property centered at 37.97°E, 5.744°S, Tanga Province, Handeni District, Tanzania" dated June 11, 2013.

    For additional information on the Harvest Project, see the technical report prepared in accordance with NI 43-101 by Dr. Sandy M. Archibald, P.Geo. of Aurum Exploration Services, Christopher Martin, C. Eng. of Blue Coast Research Ltd., and David G. Thomas of Fladgate Exploration Consulting Corporation entitled "NI 43-101 Technical Report on a Mineral Resource Estimate at the Terakimti Prospect, Harvest Property (centred at 38°21'E, 14 °19'N), Tigray National Region, Ethiopia" dated effective February 14, 2014.

    About East Africa Metals

    The Company's principal assets are the 70%-owned Harvest polymetallic VMS exploration project, which covers approximately 155 square kilometres in the Tigray region of Ethiopia, 600 kilometres north-northwest of the capital city of Addis Ababa. The Company also entered into an agreement to acquire up to an 80% interest in the Adyabo property covering 312 square kilometres immediately west of the Harvest project. The Handeni Property located in north-eastern Tanzania and covers an area of approximately 97 square kilometres and includes the Magambazi Project, a gold deposit discovered in 2009.

    More information on the Company can be viewed at the Company's website: www.eastafricametals.com.

    On behalf of the Board of Directors:

    Andrew Lee Smith, P.Geo., CEO