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East Africa Metals Inc V.EAM

Alternate Symbol(s):  EFRMF

East Africa Metals Inc. is a Canada-based mineral exploration company. The Company is focused on the identification, acquisition, exploration, development and/or sale of base and precious mineral resource properties in the Federal Democratic Republic of Ethiopia (Ethiopia) and the United Republic of Tanzania (Tanzania). The Company’s mineral property interest consists of one project in Ethiopia, the Harvest Property. Additionally, the Company holds a 30% equity interest in Tigray Resources Incorporated PLC, which has one project in Ethiopia, the Adyabo Property. The Harvest Project is 600 kilometers north of Ethiopia’s capital of Addis Ababa. The property is located in the Asmara Mineral Belt in the southern part of the Arabian Nubian Shield (ANS). The Adyabo Project covers 195.5 square kilometers (km2) west of East Africa Metals’ Harvest Project and is located in an under explored part of the Arabian-Nubian Shield in Northern Ethiopia.


TSXV:EAM - Post by User

Bullboard Posts
Post by Franklin66on Jun 10, 2015 8:51pm
112 Views
Post# 23818354

Lundin refreshes East Africa Metals buy

Lundin refreshes East Africa Metals buy

Brien Lundin, in the June, 2015, edition of the Gold Newsletter, refreshes his buy of East Africa Metals Inc., recently seven cents. Mr. Lundin said buy East Africa in April, 2015, at six cents. A $1,000 investment at six cents is now worth $1,166. Mr. Lundin reminds his readers that he added East Africa to his portfolio earlier this year because he thinks the company has an excellent chance of uncovering the next big deposit in the Arabian-Nubian Shield. East Africa owns two adjacent base and precious metal projects in Ethiopia, and a gold project in Tanzania. It recently released an initial National Instrument 43-101-compliant resource on Adyabo, one of its two Ethiopian projects. The estimate pegs Adyabo's inferred resource at 678,000 ounces of gold, 82.1 million pounds of copper and 648,000 ounces of silver. Mr. Lundin notes that all three resource-hosting targets at Adyabo remain open laterally and at depth. The company will next conduct an infill drilling program at Adyabo to fill in the gaps of the inferred resource. The writer says East Africa's projects are highly prospective and he believes the stock, currently trading at bargain basement levels, has significant upside. It remains a buy.

 
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