Anglo-African Minerals posts drilling update on FAR Bauxite Project, Guinea

Anglo-African Minerals plc, the GXG quoted mineral exploration company focused on West Africa, is pleased to deliver an update to its shareholders regarding the results from the recent drilling campaign on the FAR bauxite licence in the Kindia Prefecture, Guinea.

In May 2014 the Company engaged Toumnyne Drilling contractors in Guinea to undertake a drilling campaign on a 600 by 600 meter grid to a depth of 20 meters which focused on the Samaya and Elevation 955 plateau located on the FAR licence in the Kindia prefecture.

The initial results have highlighted that both Samaya and Elevation 955 have highly perspective targets, indicating potential grades between 42% and 49% alumina content. The intention is to concentrate on the development of the Samaya plateau in the first instance, with a second drilling campaign covering a 300m by 300m grid planned in October.

Armed with this information, the Company is currently working towards the completion of an Inferred Resources statement on both Samaya and Elevation 955 plateau, which should be completed in September 2014.

Hans Verschuur, Technical Director commented: "This is a highly interesting development, particularly as the plateaus are located adjacent to the Kindia mine, which is being operated by Rusal. We look forward to updating shareholders in due course."