West African Minerals Reports Inferred Mineral Resource Estimate for Sanaga

West African Minerals Corporation (LSE:WAFM) announced its maiden Mineral Resource estimate for its Sanaga license in Cameroon totals 82.9 Mt at 32.1 percent iron at a 25 percent iron cut-off grade.

As quoted in the press release, some highlights include:

• CIM (NI-43-101 compliant) Inferred Mineral Resource of 82.9 Mt @ 32.1% Fe at a 25% Fe cut-off grade to a depth of 150m below surface.
• Included in the MRE is a higher grade oxidised cap and near-surface enriched mineralisation of 15.8 Mt @ 37.3% Fe at a 25% cut-off grade.
• Mineralisation has been intersected along a strike length of approximately 3 km from the surface to a vertical depth of approximately 150m and remains open at depth.
• Positive metallurgical testwork reported on 21 October 2014 supports the potential production of a premium grade (69% Fe) concentrate at a favourable mass recovery of approximately 40%.
• A summary Environmental and Social Impact Assessment (ESIA) has been completed and submitted to the Government of Cameroon for review and approval.

Brad Mills, president of West African Minerals Corporation, commented:

WAFM is very pleased to announce today the discovery of a high quality iron ore resource in coastal Cameroon. Preliminary metallurgical test work has confirmed that we can produce a premium grade and quality concentrate. The geometry of the mineralisation, which outcrops at surface, lends itself to low cost, low stripping ratio open pit mining. The project’s close proximity to existing rail, power and port infrastructure suggests minimal capital expenditures will be required to develop export infrastructure.

Click here for the full West African Minerals Corporation (LSE:WAFM) press release.