East Africa Metals Initiates Promising Drill Program

East Africa Metals (TSE:EAM) has released an update.

East Africa Metals Inc. has kicked off the Mato Bula Extension drill program in Ethiopia, targeting the promising Halima Hill prospect within its mining license area. The program aims to explore southward extensions of the known Mato Bula resource, guided by geophysical surveys indicating potential mineralization at depth. Under the terms of their agreement, development partner Tibet Huayu will fund construction costs, while East Africa Metals retains rights to any newly discovered resources.

For further insights into TSE:EAM stock, check out TipRanks’ Stock Analysis page.