/NOT FOR DISTRIBUTION IN THE UNITED
STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES./
TSX-V: AFF
AIM: AFF
LONDON, UK,
May 8, 2013 /CNW/ - Afferro Mining
Inc. ("Afferro" or the "Company") the TSX-V / AIM listed iron ore
exploration and development company, is pleased to announce that
the annual and special meeting of the shareholders of the Company
will be held at Burleigh House, 355-359 Strand, London, WC2R 0HS, United Kingdom, on Thursday, 13 June 2013 at 11:00
a.m. (London, UK time) and
has today filed its notice of meeting, information circular and
other annual and special meeting materials on www.sedar.com. The
annual accounts for the year ended 31
December 2012 have been distributed to those shareholders
that have requested to receive a hard copy. An electronic copy of
the notice of meeting, information circular and annual accounts for
the year ended 31 December 2012 is
available on the Company's website at www.afferro-mining.com.
About Afferro Mining Inc.
Afferro is an established exploration and
development company listed on the TSX-V (AFF) and AIM (AFF).
Afferro's portfolio includes the 100% owned Nkout, Ntem and
Akonolinga iron ore projects. It also holds a 70% interest in the
Ngoa project, an exploration target bordering Nkout. All projects
are subject to government rights. Nkout has a National Instrument
43-101 ("NI 43-101") compliant Indicated Mineral Resource Estimate
of 1.19Bt at 32.9% Fe and an Inferred Mineral Resource Estimate of
1.33Bt at 30.3% Fe. In addition Nkout has a NI 43-101 compliant
Preliminary Economic Assessment ("PEA") which indicates that the
project is economically viable. Ntem comprises a NI 43-101
compliant Indicated Mineral Resource Estimate of 39.1Mt at 34.0% Fe
and an Inferred Mineral Resource Estimate of 76.4Mt at 34.2% Fe.
The Company had cash, cash equivalents and short-term deposits
totaling $89m on the 31 December 2012 and is fully funded for at least
the next two years.
Qualified Person
Howard Baker
(MAusIMM(CP)) has 19 years' experience in the mining industry and
10 years' experience in the exploration, definition and mining of
iron ore mineral resources. Mr Baker is a full-time employee of
SRK, an independent consultancy, and has sufficient experience
which is relevant to the style of mineralisation and type of
deposit under consideration, and to the type of activity which he
is undertaking to qualify as a Qualified Person in accordance with
National Instrument 43-101 and a Competent Person as defined in the
June 2009 Edition of the AIM Note for
Mining and Oil & Gas Companies. Howard
Baker consents to the inclusion in the announcement matters
relating to the geology, exploration results and mineral resources
in the form and context in which it appears and confirms that this
information is accurate and not false or misleading.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accept responsibility for the
adequacy or accuracy of this release.
SOURCE Afferro Mining Inc.