East Africa Metals Intersects 13.55 Metres at 4.65 Grams per Tonne Gold at Da Tambuk, Adyabo Project, Northern Ethiopia and Commences 6000m Diamond Drilling Program

 

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 3, 2014) - East Africa Metals Inc. (TSX VENTURE:EAM) ("East Africa" or the "Company") is pleased to announce diamond drill results from the Da Tambuk Au-Cu Prospect ("Da Tambuk"), and results from on-going exploration trenching at the Adyabo and Harvest Projects. Four additional holes (ADD005 to 008) totalling 782 metres were completed at Da Tambuk, targeting extensions to mineralization defined in holes ADD001 to 004. The recent drilling has expanded previously defined high-grade gold mineralization to 140 vertical metres below surface, and 40 metres along strike to the north, defining a north plunging high-grade gold shoot.

A new campaign of over 6,000 metres of diamond drilling is now currently in progress. This program will test extensions to known mineralization at Da Tambuk, Mato Bula, Mato Bula North, and VTEM09, and will drill test emerging prospects such as Hanbassa.

Highlights from the recent drilling at Da Tambuk include;

  • 13.55 metres at 4.65 grams per tonne gold including 5.55 metres at 10.78 grams per tonne gold, from 123.55 metres drill depth (ADD007 - Section 23680N). ADD007 was drilled 80 vertical metres down dip of mineralization intersected in ADD002 (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).

  • 16.65 metres at 3.29 grams per tonne gold and 0.21 percent copper, including 4.30 metres at 10.13 grams per tonne gold and 0.22 percent copper from 99.15 metres (ADD006 - Section 23720N), approximately 80 metres vertically below surface and 40 metres north of ADD002.

Da Tambuk is located 4 kilometres along strike from the Mato Bula gold prospect where recent results from drilling included 34.04 metres at 5.65 grams per tonne gold and 0.29 percent copper (WMD019) (refer to East Africa's news release dated September 10, 2014.

Da Tambuk Diamond Drill Intercepts

Hole ID From
(m)
To
(m)
Interval
(m)
1
Gold
grams/
tonne
2, 3
Copper
%
Local
Azimuth
Dip
ADD005 56.10 61.20 5.10 0.60 0.05 94 -46
ADD006 99.15 115.80 16.65 3.29 0.21 91 -47
including 107.50 111.80 4.30 10.13 0.22
120.80 127.80 7.00 0.56 0.03
ADD007 123.55 137.10 13.55 4.65 0.08 91 -48
including 123.55 129.10 5.55 10.78 0.16
ADD008 131.75 132.65 0.90 1.81 0.03 90 -51
138.00 144.00 6.00 0.40 0.02
1 True thicknesses are interpreted as 65-90% of stated intervals.
2 Intervals use a 0.3 gram per tonne gold cutoff value.
3 No top cut has been used on assay values.

Click here to view a Map of the Da Tambuk Drill Hole Locations, a key cross section, and a full list of drill hole and trench intercepts.

Harvest and Adyabo Trench Results

Additional trenching continues to identify and confirm the presence of positive gold grades and widths at surface in a number of evolving targets, as indicated below.

Trench Results

Trench From
(m)
To
(m)
Interval
(m)
2
Gold
grams/
tonne
1
Copper
%
Prospect
WST022 40.00 74.00 34.00 0.66 0.38 Hanbassa
WST023 10.00 20.00 10.00 1.20 0.11 Hanbassa
MTT01 4.00 10.00 6.00 5.84 0.19 May Tsebela
1 Intervals use a 0.3 gram per tonne Au cutoff value
2 True thickness intervals are interpreted as 65-90% of stated intervals

Drilling will be conducted to test beneath the broad gold-copper zone defined at the Hanbassa prospect located on the Adyabo Project. Follow-up mapping, and trenching will be conducted at the May Tsebela prospect located on the Harvest Project.

Quality Control

The planning, execution and monitoring of East Africa's quality control programs at the Harvest and Adyabo Projects are under the supervision of Jeff Heidema, P.Geo., East Africa's Vice President Exploration. Mr. Heidema is a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosures of Mineral Projects ("NI 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

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

About East Africa Metals

The Company's principal assets and interests include both the 70%-owned Harvest polymetallic VMS exploration Project, which covers approximately 116 square kilometres in the Tigray region of Ethiopia, 600 kilometres north‐northwest of the capital city of Addis Ababa, and the Adyabo Project, covering 312 square kilometres immediately west of the Harvest Project. The Company has entered into an agreement to acquire up to 80% of the Adyabo Project. Additionally, the Company owns the 94 square kilometre Handeni Property located in north-eastern Tanzania. Handeni 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

Cautionary Statement Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "anticipate", "believe", "plan", "expect", "intend", "estimate", "forecast", "project", "budget", "schedule", "may", "will", "could", "might", "should" or variations of such words or similar words or expressions. Forward-looking information is based on reasonable assumptions that have been made by East Africa as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of East Africa to be materially different from those expressed or implied by such forward-looking information, including but not limited to: early exploration; risks associated with the integration of Tigray Resources Inc.'s business with the Company's; the ability of East Africa to find a development partner for the Magambazi Project or identify any other corporate opportunities for the Company; the ability of East Africa to expand the existing mining license; mineral exploration and development; metal and mineral prices; availability of capital; accuracy of East Africa's projections and estimates, including the initial mineral resource for the Harvest Project and Magambazi Project; interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; foreign taxation risks ; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; the speculative nature of strategic metal exploration and development including the risks of diminishing quantities of grades of reserves; contests over title to properties; and changes in project parameters as plans continue to be refined, as well as those risk factors set out in East Africa's listing application dated July 8, 2013 and Tigray Resources Inc. Management Information Circular dated March 28, 2014.

Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the successful integration of Tigray Resources Inc.'s business with the Company; the price of gold, silver, copper and zinc; the demand for gold, silver, copper and zinc; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective manner; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although East Africa has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company does not update or revise forward-looking information even if new information becomes available unless legislation requires the Company do so. Accordingly, readers should not place undue reliance on forward-looking information contained herein, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



East Africa Metals Inc.
Nick Watters
Business Development
+1 (604) 488-0822
nwatters@eastafricametals.com
www.eastafricametals.com