Sable Mining Africa Limited Further high grade results at Nimba (1220V)
January 09 2013 - 2:00AM
UK Regulatory
TIDMSBLM
RNS Number : 1220V
Sable Mining Africa Limited
09 January 2013
Sable Mining Africa Ltd / Index: AIM / Epic: SBLM / Sector:
Natural Resources
9 January 2013
Sable Mining Africa Limited ('Sable Mining' or 'the
Company')
Further High Grade Drill Results from the Nimba Iron Ore
Project
Sable Mining Africa Limited, the AIM listed exploration company,
is pleased to announce further positive high grade assay results
from the Company's on-going exploration programme at the 123.5 sq
km Nimba Iron Ore Project in south-east Guinea ('Nimba
Project').
Overview
-- High grade assay results continue to underpin Nimba Project
as one of West Africa's premier iron ore projects
-- Direct Shipping Ore ('DSO') potential of Nimba Project further reinforced
-- Results from an additional 15 diamond drill holes completed
on the main canga channel and inter-channel area on Plateau 2
-- Highest grade intercept from surface on main canga of 17m @ 64.17% iron ('Fe')
-- Additional high grade intercepts include:
o 37.45m @ 64.10% Fe
o 8.10m @ 62.37% Fe
-- Initial Decrepitation Index ("DI") tests indicate very low
decrepitation - therefore suitable for metallurgical processes
-- Recent metallurgical test results at Nimba Project indicate
that simple crush and screen processing should produce high-grade,
high-specification low-deleterious premium quality DSO product
-- Drilling on-going and remains focussed on targeting
additional haematite bearing intersections of canga material
-- Current exploration target of up to 200Mt of canga material
and on track to delineate a maiden JORC resource in Q1 2013
Sable Mining CEO Andrew Groves said, "Nimba continues to deliver
results which underpin its potential to be one of the premier
undeveloped DSO assets globally. These latest results of our 145
hole drilling campaign to date, continue to highlight the excellent
grade continuity, good thickness from surface and low DI which
confirms the ore is suitable for metallurgical processes. Indeed,
the recent metallurgical tests results showed a grade of 65.8% Fe
and a fines product of 63.8% Fe grade, confirming that the ore
quality appears better than the Majors producing in Western
Australia. We remain determined to accelerate our exploration work
in order to define what we believe will be a significant maiden
JORC resource in Q1 2013."
Plateau 2 Drilling Results:
The 35 sq km Plateau 2 remains the primary area of focus for the
publication of a maiden JORC resource.
Of the 15 results returned for Plateau 2, 10 (P2.12-047 to 053,
057, 058 and 060) were from holes drilled into the main channel
fill area. These holes returned a weighted average grade of 62.15%
Fe over an average drilled width of 20.04m. Once again contaminants
were low, averaging 2.93% SiO(2) , 2.96%Al(2) O(3) and 0.08%P for
the combined results.
Table 1: Assay Results for Plateau 2 Main Canga Channel Area,
Nimba Licence (Analysis by Ultratrace Laboratories, Australia for
diamond drill hole composites)
Borehole From To Thickness %Fe %SiO(2) %Al(2) %P
(m) O(3)
----------- ----- ------ ---------- ------ -------- ------- -----
P2.12-047 0.00 19.80 19.80 62.35 1.83 3.10 0.07
----------- ----- ------ ---------- ------ -------- ------- -----
P2.12-048 0.00 27.80 27.80 60.43 3.72 3.96 0.10
----------- ----- ------ ---------- ------ -------- ------- -----
P2.12-049 0.00 19.50 19.50 58.74 4.71 4.74 0.07
----------- ----- ------ ---------- ------ -------- ------- -----
P2.12-050 0.00 37.45 37.45 64.10 2.07 1.63 0.09
----------- ----- ------ ---------- ------ -------- ------- -----
P2.12-051 0.00 30.30 30.30 61.94 4.30 2.42 0.07
----------- ----- ------ ---------- ------ -------- ------- -----
P2.12-052 0.00 5.70 5.70 59.34 3.09 5.41 0.07
----------- ----- ------ ---------- ------ -------- ------- -----
P2.12-053 0.00 16.33 16.33 62.11 2.44 3.17 0.07
----------- ----- ------ ---------- ------ -------- ------- -----
P2.12-057 0.00 8.10 8.10 62.37 1.86 3.65 0.07
----------- ----- ------ ---------- ------ -------- ------- -----
P2.12-058 0.00 18.40 18.40 63.43 2.77 2.20 0.06
----------- ----- ------ ---------- ------ -------- ------- -----
P2.12-060 0.00 17.00 17.00 64.17 1.48 2.49 0.06
----------- ----- ------ ---------- ------ -------- ------- -----
AVERAGE 20.04 62.15 2.93 2.96 0.08
----------- ----- ------ ---------- ------ -------- ------- -----
The drilling campaign has continued to test the plateau areas
between the primary channel canga targets for additional
beneficiable material. The results for the five additional holes
(P2.12-046, 054 to 056 and 059) designed to test the inter channel
areas are summarised below (thicknesses quoted are drilled widths).
The five drill holes returned a weighted average grade of 41.89% Fe
over an average drilled width of 6.46m. Contaminants returned
averaged 12.14% SiO(2) , 16.35%Al(2) O(3) and 0.08%P for the
combined results.
Table 2: Assay Results for Plateau 2 Inter-Channel Area, Nimba
Licence (Analysis by Ultratrace Laboratories, Australia for diamond
drill hole composites)
Borehole From To Thickness %Fe %SiO(2) %Al(2) %P
(m) O(3)
----------- ----- ----- ---------- ------ -------- ------- -----
P2.12-046 0.00 8.28 8.28 43.39 13.40 14.28 0.05
----------- ----- ----- ---------- ------ -------- ------- -----
P2.12-054 0.00 5.43 5.43 36.96 13.49 20.22 0.13
----------- ----- ----- ---------- ------ -------- ------- -----
P2.12-055 0.00 5.50 5.50 37.02 12.66 20.77 0.11
----------- ----- ----- ---------- ------ -------- ------- -----
P2.12-056 0.00 6.20 6.20 44.83 12.06 13.08 0.08
----------- ----- ----- ---------- ------ -------- ------- -----
P2.12-059 0.00 6.90 6.90 45.19 9.23 15.12 0.06
----------- ----- ----- ---------- ------ -------- ------- -----
AVERAGE 6.46 41.89 12.14 16.35 0.08
----------- ----- ----- ---------- ------ -------- ------- -----
Initial DI tests have been completed on four composite samples.
These composites were separated into two high grade composites and
two medium grade composites representing the consolidated/hard and
unconsolidated/soft zones. The average DI(6.3) was less than 10 for
all four samples tested. Additional sample material is being
sourced to confirm these results which indicate that the lump ore
from the consolidated zone has very low decrepitation.
Based on the JSM DI standard (DI(5.0) the lump for the
consolidated zone has a far lower decrepitation than both BHPB's
MAC and Newman HG lump products.(#)
#BHP Billiton product specification (March 2012),
www.bhpbillition.com
The information in this announcement that relates to Mineral
Exploration results and Mineral Resources, together with any
related assessments and interpretations have been reviewed by Mark
Biddulph, a qualified geologist. Mark Biddulph has sufficient
experience which is relevant to the style of mineralisation and
type of deposit under consideration and to the activity which he is
undertaking to qualify as a qualified person as defined by the AIM
Note for Mining and Oil & Gas Companies.
** ENDS **
For further information please visit www.sablemining.com or
contact:
Andrew Groves Sable Mining Africa Ltd Tel: 020 7408 9200
Jonathan Wright Seymour Pierce Ltd Tel: 020 7107 8000
David Foreman Seymour Pierce Ltd Tel: 020 7107 8000
Richard Greenfield GMP Securities Tel: 020 7647 2836
Susie Geliher St Brides Media & Finance Tel: 020 7236 1177
Ltd
This information is provided by RNS
The company news service from the London Stock Exchange
END
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