African Energy Metals Announces Acceptance of NI 43-101 Report for Niñobamba Silver-Gold Project
Vancouver, British Columbia – African Energy Metals Inc. (NEX: CUCO.H) (FSE: BC2) (WKN: A3DEJG) is pleased to announce that the TSX Venture Exchange (TSXV) has accepted for filing its National Instrument 43-101 (“NI 43-101”) technical report (the “Report”) on the Niñobamba silver-gold project. This project is located in the Ancash Province of Peru.
About the Niñobamba Silver-Gold Project
The Niñobamba project is a precious metals exploration property, which covers an area of approximately 5,762 hectares. The property is situated in the prolific silver-gold belt of the Central Andes, which hosts several large-scale mining operations. The project area is characterized by a favorable geological setting, with numerous mineralized zones identified through historical exploration.
The Role of NI 43-101
NI 43-101 is a set of Canadian securities regulations that requires reporting issuers to disclose technical reports prepared in accordance with NI 43-101 for mineral projects. These reports are prepared by qualified persons and provide an independent assessment of the mineral resources and reserves of a project. The acceptance of the NI 43-101 report by the TSXV is an important milestone for African Energy Metals as it provides investors with confidence in the quality and reliability of the information disclosed about the Niñobamba project.
Impact on African Energy Metals and the Investors
The acceptance of the NI 43-101 report is a significant development for African Energy Metals as it provides a stronger foundation for the Company’s business strategy and growth plans. It also enhances the Company’s credibility with investors and potential partners, which could lead to increased investor interest and potential financing opportunities.
Impact on the World
The acceptance of the NI 43-101 report for the Niñobamba project is not only a positive development for African Energy Metals but also for the global mining industry. It underscores the importance of transparency and accountability in the mining sector, which is crucial for building trust with investors and stakeholders. Moreover, the exploration and development of the Niñobamba project could contribute to the Peruvian economy by creating jobs and generating revenue through taxes and royalties.
Conclusion
In conclusion, the acceptance of the NI 43-101 report for the Niñobamba silver-gold project by the TSXV is a significant milestone for African Energy Metals. It provides investors with confidence in the quality and reliability of the information disclosed about the project, enhances the Company’s credibility, and opens up potential financing opportunities. Furthermore, it highlights the importance of transparency and accountability in the mining sector and could contribute to the Peruvian economy. African Energy Metals looks forward to continuing its exploration efforts at Niñobamba and reporting further progress to its shareholders.
- African Energy Metals announces acceptance of NI 43-101 report for Niñobamba silver-gold project
- NI 43-101 is a set of Canadian securities regulations that require reporting issuers to disclose technical reports prepared in accordance with NI 43-101 for mineral projects
- Acceptance of the report enhances African Energy Metals’ credibility with investors and potential partners
- Exploration and development of the Niñobamba project could contribute to the Peruvian economy
