Location: Ethiopia | Resource: Gold
TSX-listed East African Metals announced that after recently acquiring the mining license for the Terakimti Oxide Gold Project, the company has submitted two additional mining licence applications. These applications are for the Da Tambuk and Mato Bula gold deposits at East African Metals’ 100%-owned Adyabo Project located in the Tigray National Regional State of the Federal Democratic Republic of Ethiopia.
Andrew Lee Smith, East Africa Metals’ CEO, stated, “Following the recent approval of the mining licence for the nearby Terakimti Oxide Gold Project, East African is pleased to have submitted formal mining licence applications for two additional deposits at Da Tambuk and Mato Bula. The opportunity to hold three deposits within a 20km footprint, in an area of well-developed air, road, and power infrastructure, offers exceptional potential for project development.”