African Eagle Resources Defines 16 000 t of Cobalt at a Grade of 0.06% at Zanzui

Mining Weekly reported that African Eagle Resources announced inferred resource of 27-million tons of metal at its 85%-owned Zanzui project located in Tanzania.

As quoted in the market report:

Estimated metal contained in the newly defined resource was around 219 000 t of nickel at a grade of 0.81% and 16 000 t of cobalt at a grade of 0.06%.

To view the whole Mining Weekly report, click here.

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Formation Metals Inc. (TSX:FCO,OTCQX:FMETF) primary asset, located in the mining friendly state of Idaho, is the 100% owned, Idaho Cobalt Project. The ICP is a unique, high grade, primary cobalt deposit which is comprised of the mine and mill site and the proposed refining facility, the Cobalt Production Facility, a stand-alone hydrometallurgical facility that will process the ICP Mine concentrates into cobalt sulfate, copper sulfate, copper concentrate, magnesium sulfate and gold. Connect with FCO to get their latest news instantly.

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