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AFFERRO MINING INC. - Nkout Resource Increases by 36% to 1.42 Billion Tonnes with 50% as Indicated status
Jun. 16, 2011 (Canada NewsWire Group) -- /NOT FOR DISTRIBUTION IN THE UNITED STATES OR FO...
About this update from Affinity Metals Corp
[{"type":"text","content":"\n\n\n Jun. 16, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n\n\n\n/NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US\n NEWS WIRE SERVICES./\n\n\nTSX-V: AFF\nAIM: AFF\n\n\nLONDON, UK, June 16, 2011 /CNW/ - Afferro Mining Inc. ("Afferro" or the\n "Company"), the TSX-V / AIM listed exploration and development company\n with iron ore projects in Cameroon and Liberia, is pleased to announce\n an upgrade to its independent National Instrument 43-101 compliant\n Mineral Resource Estimate at its 100% owned Nkout iron ore project in\n southern Cameroon.\n\n\n\nTotal Nkout resource grows by 36% to 1.42Bt at 33.6% Fe after less than\n four months since maiden resource estimate\n\n\n700Mt of magnetite banded iron formation (BIF), representing 50% of the\n resource, promoted to indicated category at Nkout Centre\n\n\nEstimate now covers a 5.9km section of a 20km long magnetic anomaly\n\n\nRecent holes to date include:\n\n\n\nNKGS018 44.1m at 60.9% Fe of potential direct shipping ore (DSO)\n material\n\n\nNKDD022 >500m of visual mineralisation intercepted, assays pending\n\n\n\n2011 drilling campaign now expected to exceed 35,000m with 8,500m\n completed in included in the updated resource\n\n\nFurther resource estimate to include oxidised zone drilling expected in\n September\n\n\n\nLuis da Silva, Chief Executive of Afferro, commented:\n"This is tremendous progress as the Company targets an increased\n drilling rate to simultaneously...