Update on Mkushi Copper Project, Zambia
• Feasibility Study on schedule for completion Q4
• Resource updated to 18.5Mt at a grade of 0.83% copper
• Full Mining Licence application approved
• New drill results include:
9.0% copper over 6m
1.9% copper over 22m
2.4% copper over 18m
2.9% copper over 13m
African Eagle Resources plc (“African Eagle” or “the Company”, ticker AIM: AFE; AltX: AEA) announces that its joint venture (JV) partner CGA Mining today issued an update of progress towards the feasibility study for the Mkushi project, with new drill data.
African Eagle’s MD Mark Parker comments “The Mkushi project remains firmly on schedule, with the feasibility study due for completion at the end of October. The upgraded resource and the Zambian government’s approval of our application for a full mining licence are major steps on the road to production, which could begin by mid-2010”.
For more infomation please go to www.africaneagle.co.uk