Yaounde, Cameroon Africa(Cameroon News) – Afferro Mining has revealed that the latest update on Nkout East Cameroon project indicates the presence of high grade iron ore.

Afferro Mining stated that the reconnaissance drilling program on Nkout East in Cameroon had keyed in on high grade iron ore that points at a requirement for detailed investigation.

The plan is to look at the potential of this higher grade ore in the surface oxidized cap to determine whether it is of adequate quality to be transported to clients directly.

The project at Nkout East has defined two overlapping 1.6 kilometer units that will combine to provide a strike length of 2.4 kilometres. Each is between 100 and 120 metres in width, and the Nkout East anomaly in total is approximated to be in the order of 500 million tonnes.

An updated mineral resource statement for the project will be announced later this month, to be continued in the fourth quarter with an altered estimate.

The maiden 43-101 resource estimate indicates Nkout project contains 1.04 billion tonnes of iron ore in the assumed category.

This is largely based on exploration of the Nkout Centre area, and management feels that there may be headroom to ramp up the resource base to 4 billion tonnes by targeting the wider area, including Nkout East.

Mr Luis da Silva Affero chief executive said that “These results are highly encouraging and it is exciting to note that Nkout East exhibits similar geological and mineralization characteristics to the adjacent Nkout Centre anomaly. The project continues at pace having more than doubled drilling since the maiden resource statement in February with an additional four rigs expected within three months.”