January 31, 2007
A soil geochemical survey and geological mapping were completed in 2006.The geological mapping identified an area of potassic hydrothermal alteration with associated haematite, which may indicate the potential for copper mineralisation in the granite. This discovery could have major positive implications for future resource development at Eagle Eye.
In June 2003, African Eagle discovered iron-oxide-copper-gold (IOCG) mineralisation at Eagle Eye, 8km northwest of the old gold mines. IOCG deposits are extremely attractive exploration targets, with potential for high grades and large tonnages.
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