East Africa Metals Intersects 34.04 Metres at 5.65 Grams Per Tonne Gold at Mato Bula, Adyabo Project, Northern Ethiopia

 

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 10, 2014) - East Africa Metals Inc. (TSX VENTURE:EAM) ("East Africa" or the "Company") is pleased to announce diamond drill results from follow-up drilling at the Mato Bula Prospect ("Mato Bula"), and on-going exploration results and plans for both the Adyabo and Harvest Projects. Nine additional holes (WMD013 to 021) have been completed at Mato Bula totalling 2,126 metres. Drilling on 80 metre sections targeted extensions and infill to mineralization previously defined (WMD002 to 012). Recent drilling has extended mineralization to a depth of over 220 vertical metres below surface, and defined a series of steeply plunging, high-grade gold mineralized shoots. A new campaign of over 6,000 metres of diamond drilling is expected to commence in late September 2014, to target extensions to known mineralization at Mato Bula, Mato Bula North, Da Tambuk and VTEM09, and to conduct first pass drilling on other emerging prospects such as Hanbassa.

Highlights from recent drilling include;

  • 34.04 metres at 5.65 grams per tonne gold and 0.29 percent copper (WMD019 - Section 19880N) including 17.48 metres at 9.50 grams per tonne gold and 0.43 percent copper, from 171.13 metres drill depth at Silica Hill. WMD019 was drilled 80 vertical metres down dip of mineralization intersected in WMD007 (28.20 metres at 8.50 grams per tonne gold and 0.24 percent copper - refer to Tigray's news release dated April 7, 2014 ), highlighting a high-grade gold shoot persistent from surface to over 220 metres depth.

  • 4.29 metres at 8.06 grams per tonne gold and 0.61 percent copper, from 165.85 metres (WMD016 - Section 19640N) at Mato Bula, approximately 80 metres vertically below WMD005 (6.61 metres at 5.3 grams per tonne gold and 0.26 percent copper - refer to Tigray's news release dated July 16, 2013).

Additional drill assay results are expected for Da Tambuk in the coming weeks. Four previous diamond drill holes at Da Tambuk, located approximately 4 kilometres northeast of Mato Bula 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).

Mato Bula Diamond Drill Intercepts

Hole ID From
(m)
To
(m)
Interval
(m)
1
Gold
grams/
tonne
2, 3
Copper
%
Zone Local
Azimuth
Dip
WMD013 153.79 160.10 6.31 1.71 0.48 Upper
including 158.32 160.10 1.78 4.17 0.62 87.5 -45
203.70 207.65 3.95 3.54 0.37 Main
WMD014 220.18 221.08 0.90 0.88 0.73 Upper
231.70 233.20 1.50 0.61 0.35 Upper 90 -60
261.15 263.50 2.35 4.23 0.61 Main
WMD015 126.75 129.50 2.75 0.83 0.82 Main 269 -48
189.10 196.95 7.85 0.44 0.41 Upper
WMD016 165.85 170.14 4.29 8.06 0.61 Main 270 -50
182.85 183.85 1.00 0.48 0.92 Upper
WMD017 55.00 57.70 2.70 0.49 0.26 Main 270 -46
WMD018 186.90 193.30 6.40 1.33 1.70 Upper 90 -47
including 189.40 192.60 3.20 1.66 2.85
WMD019 171.13 205.17 34.04 5.65 0.29 Upper 89 -62
including 171.98 189.46 17.48 9.50 0.43
WMD020 No Significant Results 90 -50
WMD021 114.73 115.53 0.80 4.25 0.02 90 -48
156.39 159.57 3.18 1.11 0.12
1 True thicknesses are interpreted as 65-90% of stated intervals.
2 Intervals use 0.3 grams per tonne gold 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, a key cross section, and a full list of drill hole and trench intercepts.

Igub Concession Trench Results

Three trenches were completed at the Igub prospect, in the north east section of the Harvest Project, to test gold soil anomalies and areas with minor artisanal bedrock workings and limited outcrop. Peak results from Widak include 48 metres at 3.06 grams per tonne gold (IGT002).

Igub Trench Results

Trench From
(m)
To
(m)
Interval
(m)
2
Gold
grams/
tonne
1
Prospect
IGT001 23.30 31.30 8.00 1.29 Widak
2.00 50.00 48.00 3.06
IGT002 including 2.00 36.00 34.00 4.03 Widak
including 12.00 20.00 8.00 11.11
IGT0033 0.00 12.00 12.00 2.72 Igub
1 Intervals use 0.3 grams per tonne Au cutoff value
2 True thickness intervals cannot be determined
3 Extension from previous trench

The results are preliminary in nature, as the orientation of mineralization with respect to trench coverage is unknown due to lack of outcrop surface definition. Follow-up mapping, soil sampling and trenching will be conducted.

Exploration Work Program

A follow-up diamond drill program of over 6,000 metres is expected to commence in late September 2014, testing extensions to high grade drill intercepts at the Mato Bula, Mato Bula North, Da Tambuk, and VTEM09 prospects. Additionally, this program will provide preliminary drill testing to assess the most prospective emerging targets on both the Adyabo and Harvest Projects, including Hanbassa, Mugnae Andi and Lihamat prospects. Additional ground work will be required to further define the new target identified by recent trench results at Igub. A 4,500 metre infill Reverse Circulation drilling is planned at the Terakimti oxide resource for later in Q4 2014.

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 verified, 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 97 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