17:57:33 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



East Africa Metals Inc
Symbol EAM
Shares Issued 102,799,661
Close 2016-02-09 C$ 0.055
Market Cap C$ 5,653,981
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Lundin says hold East Africa Metals

2016-02-09 20:00 ET - In the News

Brien Lundin, in the February, 2016, edition of the Gold Newsletter, says hold East Africa Metals Inc., recently four cents. Mr. Lundin said buy in April, 2015, at six cents. A $1,000 investment then is now worth $666. East Africa recently released the results of a 16-hole infill drill program at the Mato Bula deposit within the Adyabo project in Ethiopia. Highlights include 19.5 metres of 21.6 grams per tonne gold (including 8.6 metres of 46.8 g/t gold) and 20.7 metres of 18.37 g/t gold (including 10.7 metres of 34.23 g/t gold). These results suggest to Mr. Lundin that Mato Bula has high-grade potential, but he would like to see what the next round of drilling brings. The stock is a hold for now.

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