September30, 2011
British mineral exploration and development company Affero Mining announced that drilling at the company's 100 percent-owned Nkout iron ore project in southern Cameroon has uncovered high grade material with direct shipping ore (DSO) potential.
The DSO material was found in one minable area in a line of adjacent holes and the headline results include 51 meters at 63.4 percent Fe, 30 meters at 60.4 percent Fe and 48 meters with 58.6 percent Fe. To date, Affero Mining has drilled 113 holes totalling 18,500 m and the rate of drilling is expected to increase, with the addition of two further drill rigs bringing the total number of rigs on site to seven.
Chief executive of the company Luis da Silva said, "These results are very encouraging and continue to support the DSO potential of the Nkout project and the possibility of having an early phase of production."
Tags: UK , Europe , European Union
British mineral exploration and development company Affero Mining announced that drilling at the company's 100 percent-owned Nkout iron ore project in southern Cameroon has uncovered high grade material with direct shipping ore (DSO) potential.
The DSO material was found in one minable area in a line of adjacent holes and the headline results include 51 meters at 63.4 percent Fe, 30 meters at 60.4 percent Fe and 48 meters with 58.6 percent Fe. To date, Affero Mining has drilled 113 holes totalling 18,500 m and the rate of drilling is expected to increase, with the addition of two further drill rigs bringing the total number of rigs on site to seven.
Chief executive of the company Luis da Silva said, "These results are very encouraging and continue to support the DSO potential of the Nkout project and the possibility of having an early phase of production."
Tags: UK , Europe , European Union
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