Miyabi Gold Project - High Grade Drill Results

Miyabi Gold Project - JV Partner Announces High Grade Drill Results 13 June 2012: African Eagle Resources plc ("African Eagle" or "the Company") (AIM:AFE, AltX:AEA) is pleased to report that its joint venture partner BrightStar Resources Ltd ("BrightStar") has announced the discovery of a new zone of high grade gold mineralisation resulting from a reverse circulation drilling programme at the Miyabi gold project in Tanzania...

 

Miyabi Gold Project - JV Partner Announces High Grade Drill Results

 

13 June 2012: African Eagle Resources plc ("African Eagle" or "the Company") (AIM:AFE, AltX:AEA) is pleased to report that its joint venture partner BrightStar Resources Ltd ("BrightStar") has announced the discovery of a new zone of high grade gold mineralisation resulting from a reverse circulation drilling programme at the Miyabi gold project in Tanzania.

 

New results representing data from the first six holes at the newly discovered Dalafuma Prospect include:

 

• 18m at 18.3g/t gold from 45m including 6m at 39.8g/t from 48m
• 6m at 4.1g/t from 75m
• 9m at 2.9g/t from 15m
• 6m at 2.7g/t from 12m

(True width is interpreted to be approximately 70% of down hole width)

 

 

BrightStar further reports:

 

This recent drilling was part of the initial follow-up of targets generated from the 2011 rotary air blast and reverse circulation drilling at Miyabi. The new discovery has been named the Dalafuma Prospect and was initially identified by the high-grade intersection of 21m at 6.7g/t Au from 21m in an exploration hole, which was drilled by BrightStar in 2011. The drilling defines continuity to the previously recorded intersection and BrightStar reports that the zone is open along strike and down dip and is interpreted that it extends to within 5m of surface. The drill rig remains on-site and follow-up drilling has commenced.

Drilling has been carried out by Ausdrill Tanzania using a track mounted Sandvik multi-purpose rig. Holes completed to date have been drilled with a 4.5" bit. Sample recovery has been good and all holes have remained dry during drilling.

Drilling has been initially sampled in 3m composites. Samples were collected in 1m intervals from the rig cyclone and passed through a riffle splitter. A scoop sample was taken from the 1m intervals to form the 3m composite of approximately 2kg, which was submitted to the SGS laboratory in Mwanza, Tanzania for sample preparation and a 50g fire assay for gold. For each metre, a 2kg sample was also collected and stored on site. For any intervals with anomalous 3m composite samples, the 1m samples will be selected and assayed.

 

Further information can be found at the BrightStar website using the following link: http://www.brightstargold.com/announcements/asx-releases.html

 

About African Eagle

African Eagle Resources plc is a junior mining developer and explorer with projects in Tanzania and Zambia. The Company's flagship project is the Dutwa nickel project in Tanzania located about 25 kilometres south of Lake Victoria and 140 kilometres east of Mwanza within Greenstone gold belt which hosts many of Tanzania's operating and developing gold mines. The Company is quoted on the AIM market of the London Stock Exchange (AIM: AFE) and on the AltX of the JSE (ALTX: AEA).

 

Qualified Person

Information in this report relating to reported exploration results is based on data reviewed by Mr Paul Payne, a director and full time employee of BrightStar and a Member of The Australasian Institute of Mining and Metallurgy. Mr Payne has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' and is a Qualified Person under AIM rules. Mr Payne consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

 

 

Technical terms

A glossary of technical terms used by African Eagle in this announcement and other published material may be found at http://africaneagle.co.uk/dutwa-glossary.asp

 

 

For further information, please visit www.africaneagle.co.uk or contact:

African Eagle Resources plc

Trevor A. Moss (CEO)

Alex Buck

+44 20 7248 6059

 

Canaccord Genuity Limited (NOMAD)

Rob Collins or Andrew Chubb

+ 44 20 7523 8000

 

Ocean Equities Limited (Joint Broker)

Guy Wilkes
+44 20 7786 4370

 

Russell & Associates, Johannesburg

Charmane Russell or Marion Brower
+27 11 880 3924

 

Appendix

 

Table 1: List of All new RC Intersections > 0.5g/t Au

 

Table 1: List of 2012 BrightStar RC Drilling Results

Collar Location and Orientation (local grid)								Intersections > 0.5ppm Au
Hole	Type	X	Y	Z	Total Depth	Dip	Az	From (m)	To (m)	Length (m)	Au g/t
MBRC330	RC	5,746	19,420	1,200	87	-55	135	75	81	6	4.11
MBRC331	RC	5,700	19,415	1,200	123	-55	135	45	63	18	18.34
						including		48	54	6	39.8
MBRC332	RC	5,704	19,379	1,200	87	-55	135	12	18	6	2.68
MBRC333	RC	5,700	19,320	1,200	57	-55	315	No assays > 0.5g/t Au
MBRC334	RC	5,750	19,380	1,200	99	-55	135	15	24	9	2.91
MBRC335	RC	5,750	19,340	1,200	87	-55	135	No assays > 0.5g/t Au

• Samples analysed as 3m composites
• Sampling carried out using a cyclone and riffle splitter           
• Sample preparation and gold analysis using 50g fire assay carried out by SGS Laboratories in Mwanza, Tanzania
• QAQC samples submitted routinely with good results
• Holes located by GPS then transformed to local grid coordinates
• True width is approximately 70% of down hole width.

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