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Afferro Mining sees more DSO potential after latest Nkout drilling
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Wednesday, 14 Nov 2012
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Proactive Investors reported that Afferro Mining’s ongoing drilling at its Nkout iron ore prospect in Cameroon has identified further potential direct shipping ore resources.

Mr Luis da Silva CEO of Afferro Mining said that generally the results from the drilling were excellent, but in particular had indicated a separate DSO zone in Nkout East with wide intercepts grading up to 55% iron.

Mr Silva said that “Metallurgical testing has indicated that material with a 50% cut off should be amenable to processing with a DSO plant.”

Highlights from Nkout East included 101.8 meter at 54.1% iron from the surface in one hole, which was one of 5 out of 19 that showed above 50% grades at good widths.

Elsewhere, reconnaissance drilling of the D8 target zone identified a high grade zone consisting of iron-bearing saprolite, overlying a magnetite banded iron formation that is open at depth. Highlights included four holes showing over 37% iron.

A further 19 holes were drilled at Nkout Centre to define further and extend the DSO potential. Results from this program included 5 holes with grades above 45% iron.

Mr De Silva said that “These results, the results from assays pending and results from further drilling will be collated in an updated Mineral Resource Estimate which will be used as the basis for a prefeasibility study which is to commence in Q1 2013."

The results reported were from 77 drill holes comprising 4,872 meter of drilling conducted between 16 April 2012 and 20 August 2012.

Affero said that drilling is on going and assays are pending from 108 holes comprising 6,434 meter. Results from all of this drilling will be incorporated into the new mineral resource estimate.

Source - Proactive Investors

(www.steelguru.com)

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