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Nickel and PGE Sulphide Mineralisation Discovered at Dutwa
African Eagle Resources plc
Incorporated in England and Wales
(Registration number 3912362)
(AIM share code: AFE AIM ISIN: GB0003394813)
(JSE share code: AEA JSE ISIN: GB0003394813)
(“African Eagle” or the “Company”)
Nickel and PGE Sulphide Mineralisation Discovered at Dutwa
African Eagle is pleased to report the discovery of nickel sulphide and platinum group
elements (PGEs) in the strata below Dutwa including a shallow mineralised zone immediately
below the known laterite deposits at Wamangola. The following data has been compiled after a
re-investigation of existing drill intersections from the Company’s Dutwa Project in Tanzania.
Nickel sulphide mineralised saprock and bedrock intersections include:
- Hole DTRC127, from 51 metres, 6 metres at 0.52% nickel to end of hole
- Hole DTRC147, from 51 metres, 3 metres at 0.54% nickel to end of hole
- Hole DTRC149, from 42 metres, 12 metres at 0.65% nickel to end of hole
- Hole DTRC408, from 57 metres, 1 metre at 0.60% nickel to end of hole
- Hole DTRC007, from 96 metres. 3 metres at 0.47% nickel
- Hole DTRC011, from 111 metres, 6 metres at 0.58% nickel
PGEs mineralised intersections include:
- Hole DTRC108, from 33 metres, 3 metres at 1.17 g/t platinum
- Hole DTRC002, from 159 metres, 6 metres at 0.89 g/t palladium to end of hole*
- Hole DTRC009, from 141 metres, 3 metres at 3.08 g/t gold*
- Hole DTRC008, from 114 metres, 3 metres at 2.02 g/t gold*
* Note these assays were also reported in the Company’s announcement of 29 September 2008
Trevor Moss, African Eagle's CEO, commented “The discovery of visible sulphide
mineralisation and the strong values achieved are potentially very exciting for the Dutwa
Project. We have long known the significance of Dutwa’s laterite deposits but the presence of
nickel and PGEs in sulphides in the strata immediately underlying these deposits is further
evidence of the strength of Dutwa overall. We are planning to implement a cost effective
exploration programme to explore and quantify the extent of the sulphide mineralisation and
to begin to define what may be another aspect of the potential nickel province that may exist in
northern Tanzania.”
During the resource drilling programme, conducted between 2008 and 2012, at the Dutwa nickel
laterite orebodies, it was Company procedure for all the drill holes to extend through the laterite
horizon and ensure delineation and to terminate in the underlying bedrock. A review of these bedrock
intersections has revealed a number of holes with elevated nickel and PGE values which appeared to
be inconsistent with the known laterite mineralisation. A recent re-examination of the samples
indicated the presence of sulphide mineralisation. Selected samples had previously been sent to
Rhodes University in South Africa for petrographic and microprobe analysis which confirmed the
presence of cobalt rich and cobalt poor pentlandite, i.e. nickel sulphide.
These results, which complement the previously reported PGE and gold assay results from 2008,
include:
- Hole DTRC002, from 159 metres, 6 metres at 0.89 g/t palladium to end of hole
- Hole DTRC007, from 96 metres, 3 metres at 0.46 g/t palladium
- Hole DTRC011, from 45 metres, 3 metres at 0.59 g/t platinum
- Hole DTRC108, from 33 metres, 3 metres at 1.17 g/t platinum
- Hole DTRC008, from 114 metres, 3 metres at 2.02 g/t gold
- Hole DTRC009, from 141 metres, 3 metres at 3.08 g/t gold
- Hole DTRC010, from 63 metres, 3 metres at 0.72 g/t gold
- Hole DTRC114, from 27 metres, 3 metres at 0.59 g/t gold
All the mineralised intersections are from the tail of the laterite resource drillholes where visible
sulphides have been observed with grades of more than 0.4% nickel. A 0.4g/t cut off has been used
for platinum and palladium results and 0.5 g/t for gold. Assays were carried out at Omac Laboratories
in Ireland on 3m composited Reverse Circulation drill cuttings, with approximately 20% of quality
control samples (reference standards, blanks and duplicates) inserted into the sample stream.
The Company is now planning to undertake a programme of geophysical surveys, including
electromagnetic and induced polarisation in order to delineate the current extent of the known
mineralisation at Wamangola and to define additional areas for drill testing.
Qualified Person
Information in this report relating to exploration results is based on data reviewed by Mr John
McDonald BSc, CGeol, FGS Country Manager for African Eagle, and is a Chartered Geologist who
has more than 34 years of relevant experience in mineral exploration, and is a Qualified Person under
AIM rules. Mr McDonald has reviewed and consents to the inclusion of the information in the form and
context in which it appears.
For further information, please visit www.africaneagle.co.uk or contact:
African Eagle Resources plc.
Trevor Moss, CEO
Alex Buck
+44 20 7248 6059
Strand Hanson Limited (NOMAD)
Stuart Faulkner
Angela Hallett
James Dance
+ 44 20 7409 3494
Ocean Equities Limited (Broker)
Guy Wilkes
+44 20 7786 4370
Russell & Associates, Johannesburg
Charmane Russell or Marion Brower
+27 11 880 3924
Sponsor
Merchantec Capital
4 April 2013
About African Eagle
African Eagle Resources plc is a nickel development and exploration company listed on the London
AIM (AFE) and Johannesburg AltX (AEA) stock exchanges. The Company's flagship project is the
Dutwa Nickel project in Tanzania located about 25km south of Lake Victoria and 100km east of
Mwanza within greenstone gold belts which host many of Tanzania's operating and developing gold
mines.
Date: 04/04/2013 08:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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