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.

Hi GF.. I certainly did stick with these & Caledons.. wish I could top up on the down but if the funds aren't there what can you do? Have a feeling the market is going to be down again today so patience as you say is the watch word.

Chris

http://www.minesite.com/storyFull.php?storySeq=224

Last para in particular

I feel I owe you a big thank you gf as it was you that brought AFE to my attention, I sold @ 29p & looking to buy back at some stage soon.I also hold Cdn.Regards goal.

No need to thank goal were all here to help each other out.

cheers GF.

Guys....I see RAB acquired a a further 5m shares in AFE yesterday which takes their holding to about 27 and a half %....(getting a little close to that 30% figure).
I would guess there will be further blue today

piston broke
In addition RAB have 10 Mio warrants exerciseable at 11p prior to Sep 2005

EXERCISES OF WARRANTS

AND

CHANGES TO SIGNIFICANT SHAREHOLDINGS



African Eagle Resources plc (Ticker: AFE) announces that the holders of 10,142,499 warrants have exercised at a price of 6p per share. These exercises bring the total number of shares in issue to 87,757,837.

Of these, 5,000,000 warrants formerly held by Mr B. Rowan were acquired and exercised by funds managed by RAB Capital, bringing the total number of the Companys shares held by RAB funds to 21,605,312 or 28.04% of the new total of shares in issue.

In addition, 2,765,000 warrants formerly held by Mr Rowan were acquired and exercised by funds managed by Paris-based Carmignac, bringing the total number of the Companys shares held by Carmingac funds to 8,500,000 or 9.69% of the new total of shares in issue.

The Company has made application for the new shares to be admitted to trading on AIM.







John Park
Chairman, African Eagle Resources plc



7 December 2004

SP moving up a little- anyone think there may be more good news coming or will we have to wait until next year?

Maybe people are coming back for the expected mid dec drill results?


http://www.uk-wire.com/cgi-bin/articles/200411290700317357F.html
"In line with the first objective, the Company is pleased to report that it has
begun reverse circulation drilling at its Igurubi gold project. An extensive
shear zone gold system along the granite-greenstone contact at Igurubi has been
worked by artisanal miners for many years and has yielded promising geochemical
results. The first drilling results are expected in mid-December."

nice 13% rice in the last couple of hours trading on no news could this be news on the way? has the jv leaked out?
Anyway Monday looking good.

greedybas
Now lost all of that gain & more.Can buy 100k at 23.25p on line

African Eagle Resources PLC
09 March 2005

African Eagle Resources plc



NEW RESOURCE ESTIMATE OF 400,000 OUNCES GOLD

FOR THE MIYABI GOLD PROJECT, TANZANIA





African Eagle ('the Company', Ticker: AFE) today announces that independent
geological consultants SRK have completed a technical audit of the Company's
drilling and assay work at the Miyabi gold project in Tanzania and calculated a
new independent resource estimate for the project. The total resource outlined
to date is 8.3 million tonnes at an average grade of 1.5 grams per tonne,
containing 400,000 ounces of gold, of which 75% is in the JORC Indicated
category.



Mark Parker, the Company's Managing Director, comments 'This work, carried out
to the widely accepted JORC standard by a respected independent consultant, will
permit future drill results to be incorporated into the data base with a high
level of confidence and will allow the resource estimate to be upgraded
incrementally as drilling progresses. The resource provides a sound footing to
African Eagle's 2005 drilling programme which has now started at Miyabi, and we
expect to add to it substantially over the coming months'.



During early 2004, the Company's geologists carried out a complete re-appraisal
and interpretation of the entire Miyabi exploration database and identified
several promising targets. Drilling on the first of these targets, Faida,
intersected a wide, consistent zone of gold mineralization. By the end of 2004,
African Eagle had demonstrated from geophysical surveys and geochemical mapping
that this zone extended for at least 500m along strike. Although only half of
this interpreted strike length has been drilled to date, drill intersections,
including 58m at 4.03g/t and 60.7 metres at 1.57g/t, demonstrated that the zone
extends to at least 150m down-dip.



The discovery of the Faida zone shifted the Miyabi gold project from exploration
phase to resource evaluation phase. Consequently, the Company commissioned SRK
Consulting of Cardiff, UK to conduct an independent technical audit of the
drilling and assaying procedures used by the Company and to make a formal
resource estimate based on all the results to date. Four other mineralised
zones within the Miyabi project area, Kilimani, Shambani North and South, and
Ngaya, were also included in the SRK audit and estimate.



The drill core from Faida has given the Company's geologists a much better
understanding of the structural controls on the mineralisation at Miyabi. This
knowledge will now be applied to the other three zones, where mainly reverse
circulation drilling has been carried out so far, and to the other, yet
undrilled target zones identified by the data re-appraisal. The Faida core will
also be tested to determine the metallurgical recoverability of the gold in the
zone.



Diamond drilling to add to these resources is now underway and a reverse
circulation rig is expected to mobilise in May. Drilling will continue through
much of the next ten months.



The table below sets out the Mineral Resources in each of the mineralised zones
drilled to date. Mineral Resources are above a cut off grade of 0.5 g/t gold
and are reported using the terminology and guidelines given in the December 2004
JORC Code. Following the table are SRK's notes on each of the zones.



Zone Resource category Tonnage (t) Grade (g/t) Ounces

Faida Indicated 3,175,000 1.6 165,000
Inferred 375,000 1.8 20,000
Kilimani Indicated 1,920,000 1.3 80,000
Inferred 400,000 1.6 20,000
Shambani S Indicated 490,000 2.0 30,000
Inferred 120,000 2.0 10,000
Shambani N Indicated 640,000 1.4 30,000
Inferred 355,000 1.2 15,000
Ngaya Inferred 850,000 1.2 35,000

Total Indicated 6,230,000 1.5 300,000
Inferred 2,110,000 1.4 100,000
Total 8,335,000 1.5 400,000



Note : appropriate rounding has resulted in apparent summation errors



In summary, the Miyabi deposits have been interpreted as several similarly
orientated continuous lenses with within a clearly defined structural corridor.
Each deposit in the resource model has been interpreted as a tabular,
northeast-striking, steep-dipping shear zone. The deposits contain a small
amount of low grade material but otherwise are remarkably continuous in
geometry. Higher grade patches are discernable and these may be more effectively
outlined in the future by infill and extension drilling. The current drilling
programme has been designed, in part, to test the continuity of these higher
grade areas.



Faida has been modelled to 150m down dip over a strike length of 300m. The
deposit is mostly over 25m wide. Although only 10 drillholes intersect the
deposit, their results suggest a consistent width and grade of mineralisation,
most of which can be classed as an Indicated Mineral Resource. The deposit is
open at depth and to the northeast.



The Kilimani resource model has a strike length of 550m and a dip extent of some
130m, defined by 43 drillhole intersections. The thickness varies between 5 and
20m in the main part of the deposit. Drilling is concentrated in the northeast
where an Indicated Mineral Resource has been defined whilst wider spaced
drilling in the southwest supports an Inferred Mineral Resource. The deposit is
open at depth and along strike, particularly at depth to the northeast.



The Shambani North resource model has a strike length of 450m and a dip extent
of some 120m defined by 15 drillhole intersections. The thickness is generally
less than 7m although locally, it swells to 25m. The drilling coverage is
sufficient to support Indicated Mineral Resource status in the southwest. The
deposit is open at depth and to the southwest.



The Shambani South resource model has a strike length of 450m and a dip extent
of 100m. This deposit is situated some 160m to the southeast of Shambani North.
The thickness is a reasonably constant 5-8m thinning towards the edges.
Drilling, consisting of 24 intersections, has concentrated in two broad areas,
which together constitute an Indicated Mineral Resource, whilst wider spaced
intersections support an Inferred Mineral Resource. The deposit is open at depth
and along strike.



The Ngaya resource model extends for 300m along strike and 115m down dip. The
deposit is relatively narrow but reaches a width of 20m in the central part.
Thirteen drillholes intersect the deposit but they are not on a set of regular
sections, making interpretation relatively difficult. However, two lenses of
mineralisation with similar strike and dip orientations to the neighbouring
deposits have been interpreted with enough confidence to support an Inferred
Mineral Resource. The deposit is open at depth and to the northeast and will
benefit from a regular pattern of infill drilling.



John Park

Chairman, African Eagle Resources plc

IC tipped these this week & its up 10% this morning

It's always useful to be tipped - unless you're a ciggie!
;>)

Does anyone have any news on AFE?

How is it doing generally and is it worth a punt?

Just been informed that TW at t1ps has put this share as a strong speculative buy.....any comments?

Late Extra - Share Overhang Lifted, At Last, From African Eagle

Yesterday 17 million shares in African Eagle Resources changed hands at marginally below the market price on the AIM Market. RAB Capital had exercised its warrants with a day to spare and the shares had been placed with a number of institutional investors. RAB Capital helped the company and its broker in this exercise and, as a result, some new funds and interesting funds are on the shareholder list.

This was good for the company, as was the fact that it had raised 1 million by the exercise of the warrants. Happiest of all should be the shareholders as it has been known for a long time that RAB would have to sell 8.5 million shares, if it exercised the warrants, to avoid going over the 30 per cent threshold and having to bid for the company.

With the dark cloud of overhang now lifted, maybe the shares will start to reflect some of the news of recent weeks.

Mineral prospector African Eagle is contemplating hiving off some operations into a new company after encouraging copper results in Zambia.

Chaired by genial Australian entrepreneur John Park, AIM-quoted African Eagle, which lost an increased 224,500 in the six months to June, has 2.5 million in the bank, including 1 million after the recent exercise of warrants by shareholder RAB Capital. The company, which has been working to develop the 400,000-oz Miyabi gold project in Tanzania, claims its string of copper and gold projects in Zambia, Tanzania and Mozambique have a present value of 278 million and combined value of 16.5 billion against a current market value of 23 million.

Park particularly enthuses about the company's Mkushi prospect in Zambia, where 1990s studies estimated a potential resource of 30 million tonnes at 1.25 per cent copper. He says African Eagle has signed confidentiality agreements with 'mid-tier' mining companies on some of its Zambian properties and says large mining groups have been in touch following its acquisition of a 480 sq km in the heart of the Zambian copperbelt.

In Tanzania, African Eagle recently drilled one exceptionally high-grade gold intersection of three metres at 241 grammes a tonne at Msasa, next to gold properties being deve1oped by major mining group American Barrick. African Eagle's strategy is not to develop its projects itself, but to bring in operating partners or sell big chunks, retaining a free carried interest.

According to Park, the company may need to raise some money early next year to fund further investigation of its projects. That might provide the occasion to split off some parts, such as Miyabi for instance, into a separate quoted vehicle.

African Eagle has been a slow mover on AIM, though current developments might rekindle interest. The current share price is 22p

anyone got an idea what is going on today...lots of blues as the Eagle soars

PB

maybe there is some good news in the pipeline as todays hike is the eagles best day for months