Launch of Drilling Program at Gibi Mountian

TORONTO, Canada – Sarmin Metals Ltd. (SML)is pleased to announce the commencement of drilling activities by its W26 Pte. Ltd. subisidiary at its Gibi Mountain iron ore deposit in the Republic of Liberia. The initial drilling contract has been awarded to Cestos Investments Liberia Inc. (Cestos Drilling).
Drilling activities followed considerable geological investigations at the Gibi property confirming extensive outcrop of BIF and supported by assay results consistently showing the presence of high-grade iron ore which classify it as DSO (Direct Shipping Ore) material.

Amir Mirchi, Chief Executive of SML and Chairman of West26, welcomed collaboration with Cestos Drilling and commented that: this is a remarkable milestone taking our deposit development to the next level of exploration investigations and further definition delivering value to all stakeholders, local communities and the wider host country.” 

Stephane Rigny the chairman of SML, on his return from a recent site visit said: “it is exciting to see the impressive progress our teams are making to further define the Gibi deposit. Beyond the expected high-quality DSO, the geography of this deposit makes it particularly interesting as it lies at a short distance of viable export infrastructure in Bucchanan and Monrovia. Even more compelling, is that Gibi has export alternatives which would require only very light infrastructure for transportation to the coast. In parallel to this drilling exercise, we will define the export solutions and seek to confirm our ability to bring high quality Iron Ore to the market at extremely competitive prices.”.

West26 Pte Ltd. is a subsidiary of Sarmin Metals Ltd. holding two large and high-grade iron ore deposits in Gibi Mountain and Nimba South in the Republic of Liberia.

Sarmin Metals Ltd. is a socially responsible values-based business with the inspiration to become a mineral play by capturing and developing the most unique business opportunities in partnership, building a flexible balance sheet, and delivering near to medium-term value to its shareholders and local community.