Afferro Mining Inc (LON:AFF) - Encouraging drilling results
Oct 25th 2012 - Edison Investment Research today published a report on Afferro Mining Inc (AFF.L, LSE:AFF, LON:AFF) entitled "Encouraging Drilling Results". In summary, the report says:
Afferro released encouraging initial drilling results from its Ntem and Ngoa iron ore projects in Cameroon. Both exploration campaigns delivered multiple high-grade intercepts. While Ngoa should prove to be a valuable satellite resource supporting the operational scalability of the company’s flagship Nkout project, Ntem could be a robust project in itself benefiting from the favourable location and potential for high-quality resource. The company plans a second drill programme at Ntem supported by an infrastructure scoping study to evaluate the haulage option for early cash flow.
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