Sinopia News Top

Ethiopia: Canadian Mining Firm Tapped Gold in Tigray

Tigray Resources Inc., a Canadian mining firm working in Ethiopia has announced that it has found gold and copper in the Tigray State, according to The Reporter. The company said it found the minerals on its second phase drilling and after it completed a 1117 meters drilling.

Tigray Resource posted on its website that after it drilled six more holes mainly in Adiyabo, a place in Tigray, it intersected 28.20 meters at 8.50 grams per ton gold and 0.24 percent copper . The company also stated, it intersected a 7.55 meters at 13.18 grams per ton gold and 0.27 percent copper, from 179.75 meters drill depth.

The President and Chief Executive Officer of Tigray Resources, Andrew Lee Smith, articulated these discoveries show the potentials Ethiopia and in particular the Tigray State. He added “The robust drill interactions is a testament to the potentials for drill intersections for the significant discovery that the region of Ethiopia possesses.”

And in relation to diamond drill, it was able to intersect some 179 grams per ton at six holes drilled at the Mato Bula phase two diamond drill, Tigray Resources said.

The State of Tigray has been the center of attention for multinational mining corporations following the unexploited mineral deposit. Local artisanal miners are also producing gold in the region.

Tigray Resource Incorporation is a Vancouver based Canadian mineral exploration company. The company has two outreaches; in Africa as well in the Middle Eastern countries. Some of the companies Tigray Resource works with are; Ezana Mineral Development Private Limited Company and East Africa Metals Incorporate.

Source: Reporter