Miyabi Drilling Update

African Eagle Resources plc JV Partner Announces High Grade Drill Results At Miyabi Gold Project 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 gold results from its reverse circulation drilling programme at Miyabi gold project in Tanzania...

African Eagle Resources plc

 

JV Partner Announces High Grade Drill Results

At Miyabi Gold Project

 

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 gold results from its reverse circulation drilling programme at Miyabi gold project in Tanzania.

 

New results include:

 

• 9m at 1.45g/t gold from 28m
• 2m at 1.83g/t from 53m
• 2m at 5.4g/t from 81m
• 4m at 1.78g/t from 1m
• 5m at 1.34g/t from 1m

 

The results confirm broad zones of gold mineralisation near the granite-greenstone contact.

 

BrightStar's latest results are from reverse circulation (RC) holes in the contact and Ndagalu areas, following up results from earlier shallow rotary air blast drilling.  In all, 31 RC holes for 2,605m were completed on sections spaced 200m to 400m apart, with results from about half having been announced previously.

 

The drilling revealed broad zones of gold mineralisation in sheared and brecciated greenstones close to the granite contact. These zones included intersections such as 71m at 0.22g/t Au from 13m and 48m at 0.22g/t Au from 18m. BrightStar comment that these broad zones of primary gold mineralisation require follow-up to understand the controls on the higher grade mineralisation, which will be done in conjunction with testing of a high grade zone discovered during 2011.

 

BrightStar also reports that a new rig has arrived in Mombasa, Kenya and is expected to be drilling at Miyabi in May.

 

The Miyabi gold project is a Joint Venture between African Eagle and ASX-listed BrightStar Resources Ltd, under which BrightStar can earn up to 75% of the project by completing exploration and a feasibility study.

 

A table of all mineralised intersections is set out in the appendix to this release and full details of the Miyabi drilling programme and results can be found on BrightStar's web site: http://brightstarresources.com.au/

 

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 Christopher Davies BSc, MSc, DIC, FSEG, FAusIMM, Operations Director for African Eagle, who is a Fellow of the Australasian Institute of Mining and Metallurgy, has more than 30 years' relevant experience in mineral exploration, and is a Qualified Person under AIM rules. Mr Davies consents to the inclusion of the 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 www.africaneagle.co.uk/african-eagle-projects-glossary.html

 

 

For further information:

 

Please see the Company's web site at www.africaneagle.co.uk or contact one of the following:

 

African Eagle Resources plc

Trevor A. Moss (CEO)

Chris Davies (COO)

Yasumi Toyoda (Investor Relations)

+44 20 7248 6059

 

Canaccord Genuity Limited

Rob Collins

Andrew Chubb

+ 44 207 050 6500

 

Ocean Equities Limited

Guy Wilkes
+44 20 7786 4370

 

Russell & Associates, Johannesburg

Charmane Russell

Marion Brower

+27 11 8803924

+27 82 8928052

 

 

Appendix

 

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

(Intersections shaded in grey have been previously reported)
Collar Location and Orientation (local grid)								Intersection > 0.5ppm Au
Hole	Type	X	Y	Z	Total Depth	Dip	Azimuth	From (m)	To (m)	Length (m)	Au (ppm)
MBRC303	RC	6199	20639	1194	87	-55	0	69	71	2	0.57
MBRC304	RC	6201	20879	1194	103	-55	0	57	58	1	1.40
MBRC305	RC	6200	20923	1194	100	-55	0	35	43	8	0.52
and								50	51	1	1.47
MBRC310	RC	6598	20914	1190	85	-55	0	28	37	9	1.45
MBRC312	RC	6601	21000	1190	76	-55	0	53	55	2	1.83
MBRC314	RC	7199	20800	1172	84	-55	0	51	54	3	0.68
MBRC316	RC	7401	20837	1168	80	-55	0	25	27	2	1.40
MBRC318	RC	8001	20538	1165	94	-55	0	81	83	2	5.40
MBRC319	RC	7999	20579	1165	81	-55	0	71	72	1	1.12
MBRC321	RC	9099	18600	1190	80	-55	0	3	4	1	1.19
and								31	35	4	1.78
and								67	69	2	1.08
MBRC322	RC	9099	18558	1190	100	-55	0	14	15	1	1.12
MBRC323	RC	9300	18539	1188	100	-55	0	34	35	1	0.57
MBRC323	RC	9300	18539	1188	100	-55	0	95	96	1	0.53
MBRC324	RC	9301	18585	1188	82	-55	0	1	6	5	1.34
and								55	56	1	1.52
MBRC326	RC	5005	20644	1215	80	-55	0	20	21	1	1.73
and								65	66	1	3.96
MBRC327	RC	5000	20603	1215	90	-55	0	44	46	2	1.54
and								64	65	1	1.22
MBRC328	RC	4799	20576	1207	82	-55	0	31	35	4	0.88
MBRC329	RC	4,802	20,530	1,207	103	-55	0	66	69	3	0.97

 

• Sampling carried out using a cyclone and riffle splitter at 1m intervals
• Sample preparation at ALS Global in Mwanza, Tanzania
• Gold analysis using 50g fire assay carried out by OMAC Laboratories in Ireland
• QAQC samples submitted routinely with excellent results
• Holes located by GPS then transformed to local grid coordinates

Intersections are generally interpreted to represent true width

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