Business
AFFERRO MINING INC. - Putu Resource Increases by 36% to 3.24 Billion Tonnes with 58% as Indicated status
Jul. 11, 2011 (Canada NewsWire Group) -- NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DIS...
About this update from Affinity Metals Corp
[{"type":"text","content":"\n\n\n Jul. 11, 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\nNOT 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, July 11, 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 38.5% owned Putu iron ore project in\n Liberia.\n\n\n\nTotal Putu resource grows by 36% to 3.24Bt at 34.3% Fe\n\n\n1.89 Billion tonnes of itabirite banded iron formation (BIF),\n representing 58% of the resource, promoted to indicated category\n\n\nPrefeasibility study accelerated to complete in 6-8 months, Q1 2012\n\n\nDefinitive feasibility study now expected Q1 2013\n\n\nFour diamond drill rigs operating since June\n\n\n2011 drilling campaign target now 48,500m with 28,000m completed\n\n\nCurrent resource based on 47,713m of drilling, of which 36,630m has been\n assayed\n\n\n\nLuis da Silva, Chief Executive of Afferro, commented:\n"This is another fantastic result for the Company and our JV partner,\n Severstal Resources.  Afferro now has close to 2.7 billion tonnes of\n attributable iron ore equating to more than 900 million tonnes of\n contained iron in the ground. With this tonnage justifying the base\n case investment outlined by the ...