PERTH (miningweekly.com) – African Eagle has appointed consultant Snowden to undertake a formal resource estimate of the Ngasamo Hill deposit and an upgraded estimate of the larger Dutwa project, in Tanzania, it reported on Monday.
African Eagle MD Mark Parker said that an infill drilling programme at the Dutwa main deposit had been completed. The drilling programme had been designed to test the internal variability of the mineralisation and to allow the Dutwa main resource to be upgraded to a Joint Ore Reserve Committee-(Jorc-) compliant indicated category.
The company has also completed a drilling programme at the Ngasamo Hill deposit, which forms part of the Dutwa project.
Parker noted that the drill results from the Ngasamo deposit has revealed that it was somewhat thicker than the main Dutwa deposit, and although the average grade appeared to be slightly lower, the Ngasamo deposit would add ″significantly″ to the overall resource base.
With the determination of a resource estimate at the Ngasamo Hill deposit and a Jorc-inferred standard for the Dutwa deposit, African Eagle would have completed its earn-in of a 35% interest in the deposit from its owners, Safina of the Czech Republic and its Tanzanian subsidiary Precious Metals Refinery.
Parker said that the company could then increase its equity in Ngasamo to at least 50%, and increase this to 75% by completing further resource and feasibility work.
The Ngasamo drill database has been sent to Snowden in Perth for deposit modelling and the generation of a formal resource estimate. The Dutwa main drill database, including the results of the infill programme, expected soon, would be sent to Snowden for an upgraded deposit model and resource estimate.
Ngasamo drill samples will also be sent for preliminary metallurgical testing to Mintek in South Africa.