Afferro Mining identifies new iron targets at Cameroon project

2 May 2012 (Last Updated May 2nd, 2012 18:30)

Afferro Mining has reported 25 new iron targets at the Akonolinga iron ore project in Cameroon following the completion of an airborne geophysical survey.

Afferro Mining

Afferro Mining has reported 25 new iron targets at the Akonolinga iron ore project in Cameroon following the completion of an airborne geophysical survey.

The survey was conducted by South Africa-based New Resolution Geophysics at the 241.6km² Akonolinga permit, which is 100% owned by Afferro's wholly-owned subsidiary Caminex.

Afferro's 3,150km geophysical survey defined two anomalies, which were high in terms of magnetic character and magnetic amplitude in the 3km x 4km target zone.

New Resolution Geophysics will conduct an additional 3,498 line kilometres airborne geophysical survey at a line spacing of 50m.

Afferro Mining CEO Luis da Silva said the Akonolinga geophysical survey has outlined magnetic anomalies that may need further detailed investigation.

"The area is highly prospective for iron ore and the company has a drill programme focused on high-grade targets planned to commence in Q4 2012,"said da Silva.

"Infrastructure opportunities lie not only with the proposed Congo Basin rail and port facilities but importantly also with the existing operational Camrail line immediately to the north, approximately 100km to the north by road and a further 250km by rail to the port of Douala."

Afferro is expected to start the initial two-phase 5,500m drilling programme at the end of this year.

 

Image: Afferro's 3,150km geophysical survey defined two anomalies at the iron ore project, which were high in terms of magnetic character and magnetic amplitude. Photo: User:Ggia