Business
Afferro Mining Inc. results of Annual and Special Meeting of Shareholders
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES....
About this update from Affinity Metals Corp
[{"type":"text","content":"\n\n\n/NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US\n NEWS WIRE SERVICES./\n\n\nTSX-V: AFFAIM: AFF\n\n\nLONDON, UK, June 13, 2013 /CNW/ - Afferro Mining Inc. (\"Afferro\" or the\n \"Company\") is pleased to confirm that all the resolutions put to\n shareholders at the Company's Annual and Special Meeting held today\n were duly passed.\n\n\nAbout Afferro Mining Inc. \n\n\nAfferro is an established exploration and development company listed on\n the TSX-V (AFF) and AIM (AFF). Afferro's portfolio includes the 100%\n owned Nkout, Ntem and Akonolinga iron ore projects. It also holds a 70%\n interest in the Ngoa project, an exploration target bordering Nkout.\n All projects are subject to government rights. Nkout has a National\n Instrument 43-101 (\"NI 43-101\") compliant Indicated Mineral Resource\n Estimate of 1.6Bt at 33.3% Fe and an Inferred Mineral Resource Estimate\n of 0.9Bt at 30.8% Fe. In addition Nkout has a NI 43-101 compliant\n Preliminary Economic Assessment (\"PEA\") which indicates that the\n project is economically viable. Ntem comprises a NI 43-101 compliant\n Indicated Mineral Resource Estimate of 39.1Mt at 34.0% Fe and an\n Inferred Mineral Resource Estimate of 76.4Mt at 34.2% Fe. The Company\n had cash, cash equivalents and short-term deposits totalling $84m on\n the 31 March 2013 and is fully funded for at least the next two years.\n\n\nQualified Person\n\n\nHoward Baker (MAusIMM(CP)) has 19 years' experience in the mining\n industry and 11 years' experience in the exploration, definition and\n mining of iron ore mineral resources. Mr Baker is a full-time employee\n of SRK Consulting (UK) Ltd., an independent consultancy, and has\n sufficient experience which is relevant to the style of mineralisation\n and type of deposit under consideration, and to the type of activity\n which he is undertaking to qualify as a Qualified Person in accordance\n with NI 43-101 and a Competent Person as defined in the June 2009\n Edition of the AIM Note for Mining and Oil & Gas Companies. Howard\n Baker consents to the inclusion in the announcement of the matters\n based on their information in the form and context in which it appears\n and confirms that this information is accurate and not false or\n misleading.\n\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider\n (as t...