VANCOUVER, British Columbia, Jan. 12, 2018 (GLOBE NEWSWIRE) -- East Africa Metals Inc. (TSX VENTURE:EAM) ("East Africa" or the "Company") is pleased to provide an update regarding the recent Mining Licence applications in the Federal Democratic Republic of Ethiopia.
Permitting for Mining Licences on Da Tambuk and Mato Bula
East Africa has submitted the Mato Bula and Da Tambuk Mining License applications to Ministry of Mines, Petroleum, and Natural Gas (the “Ministry of Mines”) (See Press Release dated December 13, 2017). The Ministry of Mines has begun evaluating the applications and will provide comments on both applications when ready. Informal communications with East Africa indicate that comments so far are similar to those given for East Africa’s initial Harvest application. The Company will endeavour to expedite the process through ongoing discussions and meetings with the Ministry of Mines during Q1 2018.
Andrew Lee Smith, the Company’s President and CEO stated: “Once approved, the Mato Bula and Da Tambuk licenses, together with the Harvest Mining License granted December 7, 2017, will allow East Africa and our partners to consider a District Scale project development scenario. The three mining licenses, and many of the prospects targeted for additional exploration and economic assessment in 2018, are all located within a fifteen kilometer area of interest proximal to existing infrastructure.”
A Map attached outlines both previously awarded Mining licenses and the areas under application.
