| Miyabi Project |
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Country |
Tanzania
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Close to |
Kahama |
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Status |
ADVANCED DISCOVERY
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Surface |
504 km² / 124,650 acres |
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Latitude / Longitude |
3 S 58 / 31 E 33 |
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Legends
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| Risk and valuation analysis of the Miyabi Project |
| Status Risk : Advanced discovery |
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| Title(s) of the Miyabi Project |
 | Randgold Resources Ltd.
Joint venture: 65% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Randgold Resources has the right to earn a 65% interest in the project by
completing and funding a pre-feasibility study. Following the pre-feasibility, the company can increase
this to 65% by completing and funding a full feasibility, should African Eagle elect not to contribute.” |
 | African Eagle Resources PLC
Joint venture: 35% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| In May 2007, African Eagle entered into a joint venture
agreement with Randgold Resources Ltd (‘Randgold’) to further explore and potentially develop the Miyabi
project after an earlier joint venture partner (Goldfields) had withdrawn. |
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| Location of the Miyabi Project |
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The Miyabi project is located southwest of Lake Victoria Goldfield.
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| History of the Miyabi Project |
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The Miyabi gold system was discovered by African
Eagle's geochemical prospecting team, who identified a
major shear zone giving rise to a gold-bearing corridor
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| Geology of the Miyabi Project |
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The Miyabi project area covers an inlier of greenstone at the southwest end of the Siga Hills Greenstone Belt and the west end of the Nzega Greenstone Belt in the Lake Victoria Goldfields (LVGF). The lithological and structural trends suggest that th more...
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Data last updated on : 5/14/2010
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Disclaimer
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All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
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