Sable Mining announces expansion of its iron ore portfolio

Sable Mining Africa Limited, a British Virgin Islands-incorporated resource company focused on mining assets in sub-Saharan Africa, expanded its West African iron ore portfolio following the acquisition of a 123.5 square km exploration permit in the Mount Nimba area of south-east Guinea, through its 80% Guinea subsidiary West Africa Exploration SA.

Within the permitted area, which is highly prospective for iron ore, significant quantities of Canga-type iron ore conglomerate have been observed forming three main plateaux covering an approximate area of 35 square km. A reconnaissance drilling/pitting programme is planned to confirm the thickness of the iron mineralisation and grade at depth with completion prior to the onset of the wet-season in May. Access roads to the plateaux will be completed in February 2012.

Sable Mining CEO Andrew Groves commented on this expansion: “this is a fantastic
addition to our iron ore portfolio, with early indications from reconnaissance work already highlighting the project’s prospectivity. Taking into account its proximity to the Nimba project, the near surface nature of the ore body, the defined plateaux and the relative proximity to infrastructure, we believe this has the potential to add significant value to the Company going forward.”

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