Exploration
East Africa
West Africa
Ethiopia approves EAM’s mining agreements
Golden Rim bonanza at Kouri
Location: Ethiopia
Resource: Gold
Location:
Côte d’Ivoire
Resource: Gold
The Ministry of Mines and Petroleum of Ethiopia has
approved the mining agreements for TSX-listed East Africa
Metals’ (EAM) Mato Bula and Da Tambuk gold projects in
the Tigray region.
The final step in the mining licence process is the formal
ratification of the mining agreements by the Ethiopian
Council of Ministers. “The Ministry of Mines’ approval of the
Mato Bula and Da Tambuk mining agreements advances two
additional mining projects to the development stage. This is
another important milestone achieved by East Africa in the
emerging mining sector of Ethiopia,” says Andrew Lee Smith,
CEO at EAM.
East Africa Metals has received approval for the mining agreement
to explore the Mato Bula and Da Tambuk gold projects in Ethiopia.
With the completion of the two mining agreements,
EAM now has three advanced development gold projects
close to each other and existing transportation and power
infrastructure. According to Smith, the company will continue
to engage in discussions with interested parties on project
financing and advancing engineering of the Mato Bula and Da
Tambuk projects. b
www.africanmining.co.za
The new RC drilling comprises 23 holes. Golden Rim said in
a statement that a number of significant new gold intercepts
were obtained from a footwall shear, which lies adjacent to
the mineral resource.
The recent structural study completed by SRK
Consulting at Kouri, interpreted the main cross-cutting
east–west magnetic linear anomaly in the mineral
resource area as a footwall shear. The study further
indicated that this footwall shear may be the main fluid
transfer pathway that mobilised mineralising fluids into
the mineral resource area.
The footwall shear is associated with a magnetic high
anomaly that extends for at least 5km within the Kouri
licence. To date, only limited drilling has been conducted
along the footwall shear and Golden Rim is now planning
a systematic drilling programme to test the anomaly to the
east and west of the high-grade intercepts. Further, there
are a number of additional similarly orientated shear zones
throughout the Kouri project area that offer attractive
future exploration targets.
Golden Rim Resources has received good results from its reverse
circulation drilling programme conducted at its Kouri gold project in
Burkina Faso.
MARCH - APRIL 2019 AFRICAN MINING
The new high-grade gold mineralisation lies in a river
channel under alluvial sediment cover. The river channel
is dry for most of the year and trenching is to commence
shortly to confirm the orientation of the mineralisation
prior to further drilling. b
Exploration work in the Tigray region of Ethiopia.
Emerging gold exploration company Golden Rim Resources
has received good results from its reverse circulation (RC)
drilling programme conducted at its Kouri gold project in
Burkina Faso. According to the company, Kouri hosts a 1.4
million-ounce mineral resource.
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