Positive Results from Kpo Iron Ore Project

Sable Mining Africa Ltd / Index: AIM / Epic: SBLM / Sector: Natural Resources

16 May 2013

Sable Mining Africa Limited ('Sable Mining')

Positive Results Returned from Exploration at Kpo Iron Ore Project, Liberia

Sable Mining Africa Limited, the AIM listed exploration company, is pleased to announce encouraging initial results from an internal XRF analysis of soil samples, taken as part of its early stage regional surface mapping and sampling programme on the 532 sq km Kpo Iron Ore Project in northern Liberia (the 'Kpo Project'). The Kpo Project is located in the highly prospective West African Shield, where a number of world class iron ore projects are currently being developed.

Overview

·; Positive initial in-house XRF results from a total of 314 soil samples taken across the central-northern and north-eastern section of the Kpo Project

·; 27% of the samples taken have iron ('Fe') in soil values that range from 20% to 64.4%

·; XRF results together with field evidence support the potential for two zones of enhanced iron mineralisation consistent with the regional mapping and geophysical results returned to date

·; The primary target covers an area of approximately 8km along strike by 1km wide, based on a surface expression of elevated iron in soil values

·; The secondary target covers an area of approximately 3km by 2km, based on surface expression of elevated iron in soil values

·; Prospects supported by established infrastructure - located 10km north-east of the existing Bong Mine rail link which terminates in the port of Monrovia

Sable Mining CEO Andrew Groves said, "These positive findings from preliminary exploration work support the potential for two zones of enhanced iron mineralisation within our licence area and reinforces the Kpo Project's potential to be a major new iron ore discovery. The XRF work provides real time analytical results, which enable us to plan and define appropriate follow-up infill sampling strategies, which we hope will inform our planned prospect drilling strategy."

Further Information

Ground mapping and sampling at Sable Mining's 60% owned Kpo Project commenced in February 2012. The Kpo Project is located in a highly prospective area between Sese Goa's Western Cluster (Bong Mine) and Wologisi. 

Recent exploration work has focussed on the length of the north-central and north-eastern sections of the licence, across the main target structure identified by a high resolution airborne geophysical survey flown during 2011.

The XRF readings were done systematically using a Niton portable XRF analyser and followed the recommended procedures of the manufacturer for the analysis of soils. Three readings were taken to obtain an average grade. These results are of sufficient quality to direct on-going exploration work and further define areas of iron potential pending analytical laboratory confirmation.

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.

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