/NOT FOR DISTRIBUTION IN THE UNITED
STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES./
TSX-V: AFF
AIM: AFF
LONDON, UK, Aug. 29, 2013 /CNW/ - The Board of Afferro Mining
Inc. announces the release of its unaudited Financial Statements
for the three and six months ended June 30,
2013. The Financial Statements should be read in conjunction
with the accompanying Management Discussion and Analysis. These
documents have been filed on Sedar and are available on the
Company's website, www.afferro-mining.com, or
at www.sedar.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 1.6Bt at 33.3% Fe and an Inferred Mineral Resource Estimate of
0.9Bt at 30.8% 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.
Qualified Person
Howard Baker
(MAusIMM(CP)) has 19 years' experience in the mining industry and
11 years' experience in the exploration, definition and mining of
iron ore mineral resources. Mr Baker is a full-time employee of SRK
Consulting (UK) Ltd., 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 NI 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 of the matters based on their information in the form
and context in which it appears and confirms that this information
is accurate and not false or misleading.
SOURCE Afferro Mining Inc.