AFRICAN EAGLE (AFE) – Drilling Results

AFRICAN EAGLE (AFE) – Drilling Results

HIGHEST GRADE INTERCEPTS TO DATE FROM AFRICAN EAGLE’S DUTWA NICKEL PROJECT IN TANZANIA

85% of drill holes to date return favourable nickel grade and thickness

The Board of African Eagle Resources plc is pleased to announces further excellent results from the Company’s recently discovered Dutwa nickel laterite project in Tanzania, including the best nickel intercept of the project so far, almost 60m at 2.6%.  Full assay results from 80 out of 139 drill holes of the Reverse Circulation (RC) programme have now been received, of which 85% have yielded very favourable nickel grades.

Commenting on the results, African Eagle’s Managing Director, Mark Parker said “Good results continue to be delivered for this project, with the best nickel intercept to date in this latest batch. The thickness and grade of the nickeliferous laterite blanket delineated so far are superb. We are currently undertaking density measurements to help estimate the resource and we have shipped samples of drill core to Mintek laboratories in South Africa for metallurgical testing. Dutwa is a thoroughly appealing project and I expect to continue to update the market with further results of this quality.”

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