East Africa Metals announces positive results of three PEA studies for gold projects in Ethiopia
Monday, Apr 30, 2018
East Africa Metals Inc. announces receipt from Tetra Tech Canada Inc. ("Tetra Tech") of positive results from  Preliminary Economic Assessments for its three gold projects in Federal Democratic Republic of Ethiopia (“ Ethiopia”).

Separate Preliminary Economic Assessment studies (“PEAs”) have been received for the Company’s 100% owned Mato Bula Gold Copper Project (“Mato Bula”), 100% owned Da Tambuk Gold Project (“Da Tambuk”) and 70% owned Terakimti Gold Heap Leach Project (“Terakimti”) in the Tigray Regional National State of Northern Ethiopia.  Each of the projects demonstrates robust economics utilizing industry standard mining and processing technology.  “These PEA studies indicate very positive results that demonstrate the significant commercial development potential of East Africa’s Ethiopian projects, and provides sound basis for ongoing development engineering, with the ultimate objective of establishing commercial production” stated Andrew Lee Smith, CEO of East Africa.  “Collectively, under the development scenario described in the PEAs, these three projects present the opportunity to develop mining operations and revenue over the next eighteen to 24 months and position EAM to continue the expansion of the scope of development and the current resource”.

Metallurgical test work for the Mato Bula Gold Copper and Da Tambuk Gold projects has been completed by Blue Coast Research, an independent metallurgical laboratory in Parksville B.C. Canada.  Metallurgical test work for the Terakimti Gold Heap Leach project was completed by SGS Minerals Services (“SGS”) in Johannesburg, South Africa. Additional metallurgical test work for Terakimti was performed by McClelland Laboratories Inc. (“McClelland”) in Reno Nevada. Blue Coast Research, SGS, and McClelland are internationally recognized for their metallurgical testing expertise.

For more information, please visit: http://www.eastafricametals.com

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