Sable Mining Africa acquires Bagla Hills iron ore project in Sierra Leone

Sable Mining Africa Ltd, the AIM-listed resource company, has acquired an 80 percent interest in Red Rock Mining Limited, a Sierra Leone company which holds a 50-year lease over 206.75 square kilometers covering the Bagla Hills, Tonkia Kingdom iron ore deposit (Bagla Hills) in southeast Sierra Leone, near the Liberian border, where banded iron formation horizons have previously been identified.
 
Sable Mining CEO Andrew Groves said, "The Bagla Hills project has world class potential with existing reports already indicating a resource estimate of 838 million mt at 32 percent Fe. The geology clearly indicates the possibility for a much bigger project with large tonnages of iron ore being present covering the two ridges and at depth along the keel of the fold axis. Importantly, it appears to be an extension of the Western Cluster just across the border in Liberia, which not only underpins the regional prospectivity but will ensure the relevant infrastructure needed for the development and production stages is in place. Our aim is to initiate a drilling program to expand the existing historical resource and upgrade it to JORC status."