Ive always said I would not start looking at the Gold Explorers untill POG broke through $420, well its done that today and this company in my mind is the best potential producer around, and heres why.

MANAGEMENT

Has two experinced Managers in mining in Mark Parker and John Park, both have extensive exploration management in Africa in mining and have proved themselfs in the past selling out small mines to the big boys.

THE MINES

ZAMBIA.

Here the company as 5 potential Block busters but the REAL GEM of the company Sasere, known as EAGLE EYE is an old Gold mine but recent sampling shows that it could provide massive deposits of Copper and Gold.

These are the drilling results we are waiting for. Estimations are fantastic and we could see that the company is sitting on deposits worth many times over of the market cap of the company of circa 12.2 million.

MOZAMBIQUE

Three sites here and Nickel is the one they are looking for. Dont forget Nickel is the highest commodity riser after Gold and is hitting new highs.


TANZANIA

Big prospect here is Miyabi.

African Eagle are carrying out a joint venture with the giant Miner Gold Fields. Drilling results are to be given to Goldfields by 31/January this year.

If results are expected what the management of Goldfields want, African Eagle retain a 30% stake in one massive deposit.

This is an exciting investment but one that is HIGH RISK like any other gold explorer.

We should have news very early on two fronts.

If this news is positive we are looking at one hell of an investment.

Please Dyor and remember your buying and selling actions are in your own hands.

Cheers GF.

ps, up 19% today waiting for the results.

B2B and MP, messages on way.

cheers GF.

thanks GF... got the msg. I need to make a grant on this one!!!

Thanks again GF

Much appreciated and welcome.

Let's hope it continues to move north.

B2B

Nice close today; 16.39% up. Hopefully we get some mention this w/end. See below latest RSN.

Flying higher!!

Company African Eagle Resources PLC
TIDM AFE
Headline Stmnt re Share Price Movement
Released 15:35 03-Sep-04
Number 6087C

DRILLING UNDERWAY IN ZAMBIA AND TANZANIA

The Company has noted the recent press speculation regarding drill results from Zambia and Tanzania and the movement in its share price.

Drilling is currently underway in both countries, at the Eagle Eye copper and Sasare gold projects in Zambia and at the Miyabi gold project in Tanzania.

The turnaround by the independent assay laboratory used for the Zambian drill samples has been slow, but results are now coming in and the Company expects to be able to announce results from all its drilling projects over the coming days and weeks.

Mark Parker
Managing Director, African Eagle Resources plc

Contacts:
John Park (Chairman), African Eagle Tel. 00 61 7 5528 6750 Fax. 00 61 7 5528 6750

Mark Parker (MD), African Eagle Tel. 015 9067 9420 Fax. 020 7691 7745

John Robertson, Nabarro Wells Tel. 020 7710 7400 Fax. 020 7710 7401

Leesa Peters or Laurence Read, Conduit PR Tel. 078 1215 9885 Fax. 020 7936 9100

Matthew Robinson or Martin Potts Durlacher Tel 0207 459 3600

They are not saying anything to dampen enthusiasm--hope the rise keeps up next week!

any news on the paper today?i think T1ps knows something very good and have faith in the results. 'In the coming days' this statement alone will push the prices up. Last results mentioned that Eagle Eye drills identified copper was visible naked eye. Top fund managers with specialised mining researchers like RAB has a good stake in AFE in their fund special situations which has performed over 1000%. We also have JP Morgan and other good fund managers have a nice slice of the cake. There has been not share disposal by the funds even during the lapse on minins stocks - (No RSN stating this)

see this from an ADFNV post.

From 4 Dec 2003 statement
Significant shareholders:.....No of shares...%
RAB Capital managed funds.....19,600,000.....25.90
Orogen Holding (BVI) Ltd......6,903,703......9.12
JPMF Natural Resources fund...5,750,000......7.60
Carmignac managed funds.......4,500,000......5.95
Mr R B Rowan..................3,043,826......4.02
Directors:
John Park.....................3,508,467......4.64
Mark Parker...................2,256,087......2.98
Chris Davies..................266,667........0.35
Euan Worthington..............225,000........0.30
Geoffrey Cooper...............669,300........0.88

I have faith in afe which will delivered more that expected. GF what do u think??

Im withn you XM but please dont get too carried away.

cheers GF.

GF too carried away??? I dont know how to take your comments, even though you started this thread which means you really believe in this company. I am not ramping it, I have some good stake in AFE and am only stating how I see the situation. I am not buying anymore until I see some results. Keep good. XM

LOL

XM,was really meaning keep an eye on POG. It seems to have drifted down lower over the last couple of days even though the dollar as weakned.

cheers GF. PS by the way dunbarton squelched. Posts under the name of CrazyWomen on sharecrazy. Already been barred from this site once before.

Thanks GF. All 4 MMs supporting the price. This is a good sign. 17 - 18.25

Yup all buys by the looks of it but no movement yet.

cheers GF.

what is the buy/sells ratio so far? GF

Was all buys at the time I posted XM.

cheers GF.

Guys...shedloads of sells today and one really strange one 800000 @ 14p... rgds...

The strange trade at 14p was broker to broker.

A tree shake looks to me, should to worry to much about that 800000 broker to broker deal- one sells and the other buys it. Hold on there. The number of trades is only 12, a very miniscule figure. If here was some bad news on the way, then the volume will rise a lot as well as the numnber of trades. xm

GF,
Do you have any views on the RNS this a.m. from AFE ?

Hi Saf,

Yes excelent drill notes, give me a bit more time and I hope to have an analyst note on them. I hope to send it via PM.

cheers Gf.

RNS in full........

African Eagle Resources PLC
14 September 2004


African Eagle Resources plc



NEW DRILL RESULTS CONFIRM ECONOMIC POTENTIAL OF IOCG STYLE MINERALISATION AT
EAGLE EYE


African Eagle (The'Company', LSE, AIM:AFE) today announces the first results
from its 2004 drilling campaign at the Eagle Eye copper and precious metals
project in Zambia. These initial results show wide mineralised zones up to 60
metres across with up to 0.75% copper.

Chris Davies, African Eagle's Operations Director, commented 'These new results
confirm the potential for economic grades and widths within the volcanic host
rocks. We are also conducting an airborne geophysical survey and a soil
geochemical survey over the whole extent of these volcanic rocks. The next
phase of our exploration programme at Eagle Eye will focus on unravelling the
geological factors controlling the mineralisation and on exploring new
potentially mineralised areas within the extensive volcanic sequence. We also
plan to drill at the old Sasare gold mine, which also lies within the licence.'


____________________________________



The Eagle Eye project lies within African Eagle's 100%-owned Sasare licence in
eastern Zambia. Exploration conducted by African Eagle in 2003 revealed an
extensive soil geochemical copper signature associated with widespread zones of
hydrothermal alteration and outcropping copper mineralisation of
iron-oxide-copper-gold style (IOCG). The limited drilling completed in 2003
defined mineralised zones up to 33 metres wide containing higher grade zones
with up to 5% copper.


2004 Drill Campaign

The 2004 drill campaign at Eagle Eye, amounting to 23 percussion holes,
commenced in late June and set out to test known copper, silver and gold
occurrences within a belt of mineralised volcanic rocks approximately 28 by 2
kilometres in extent. The majority of these holes are being drilled at the Mweze
prospect, which is situated near the centre of this belt. Laboratory turnaround
of assay results has been extremely slow but results have now been received from
about half the holes drilled. The remaining results are expected before the end
of the month.



The results, in combination with the drilling undertaken in 2003, demonstrate
the existence of a linear mineralised structure over several hundred metres at
the Mweze prospect.



Significant intersections along this structure include:


Hole From Interval Copper Silver

(m) (m) (%) (g/t)
MZR8 17 67 0.68
incl 24 60 0.75 1.23
and 65 7 2.41 7.3

MZR24 57 74 0.34
incl 57 10 1.08 1.85
87 4 0.81 2.47
95 5 0.86 3.14
120 11 0.48

MZR25 54 23 0.99
incl 54 21 1.06

*MZR11 138 12 3.0
incl 141 6 5.0
and 138 9 14.5

*MZR6 15 33 0.5
incl 18 3 12.5

*MZR9 36 12 1.1
incl 39 9 6.6
and 42 3


* 2003 drilling



The mineralised intersection in drillhole MZR8 equates to a true thickness of
around 56 metres, indicating potentially economic grade and thickness, and lies
beneath an 8m wide mineralised section grading 3.5% copper in a trench dating
from the 1970's. The mineralisation is hosted by intermediate volcanic rocks
with an albite specularite breccia forming the footwall.



Exploration overview



In addition to the drilling, African Eagle has completed soil sampling and
geological mapping over a continuation of the volcanic belt in a large fold
structure south and east of Mweze, which is considered highly prospective. This
work has already revealed a number of new occurrences of copper mineralisation.
The Company is currently flying an airborne geophysical survey over the licence
area, including the whole 28km-long volcanic belt and the old Sasare Gold Mine.



The new drill results, together with the airborne, geochemical and geological
surveys, will help African Eagle's geologists to determine the factors
controlling the mineralisation. Once these controlling factors are understood,
a programme of further drilling, including perhaps deep diamond drilling, will
be implemented to evaluate the mineralisation.



In addition to the Eagle Eye IOCG target, the Sasare licence area contains the
historic Sasare Gold Mine. Sasare was one of the first gold mines in Zambia and
was worked intermittently from 1906 to 1942. Gold was mined from two
gold-bearing structures approximately 2km apart along strike, with reported
widths of 1 to 2m and average grades of 8.0 to 9.6g/t.



Exploration work at the old mine by previous licence holders revealed
geochemical soil gold anomalies over both mineralised structures, with values
over the western veins exceeding 1g/t over a strike length of more than 700m.
Channel sampling in trenches across the mineralised structure returned values up
to 6.2g/t.



African Eagle has now re-compiled the old mine plans and exploration data, and
plans to conduct an exploratory programme of three drill holes to investigate
the western mineralised structure.



14 September 2004



John Park

Chairman, African Eagle Resources plc



cheers Gf.