WEST AFRICAN IRON ORE CORP. ANNOUNCES FIRST PHASE 15,000 METERS DRILLING PROGRAM AND THE COMPLETION OF TWO DIAMOND HOLES IN THE KALYADI TARGET

VANCOUVER, April 18 /CNW/ - West African Iron Ore Corp (WAI) (TSXV: "WAI") is pleased to announce it has started the first phase of a 15,000 meters drilling program of 17 diamond drills and 34 reverse circulation and has recently completed two diamond drill holes on the Kalyadi target of its Forécariah Property, SW Guinea. A third diamond hole has been started to intersect down-dip continuations of Banded Iron Formation occurrences identified at surface. It is the objective of WAI to complete its first compliant NI 43-101 resource report by the third quarter of this year.

Drilling was conducted by Uranium Logging & Consulting (ULC), on behalf of WAI as part of a wider program to delineate iron mineralization in Banded Iron Formations of the Kalyadi exploration target.  SRK Consulting were contracted to oversee the drilling and ensure strict compliance to QA/QC.

The two inclined holes were drilled in a northeast direction on the Kalyadi target to down hole depths of 300 meters to provide initial information on the geological context of the mineralization.

Hole KAL001 located ten meters of strongly altered shear zone in high-grade metamorphic rocks, and intersected several minor intervals (< 1 m) of magnetite mineralization. Hole KAL002 located 3 meters of continuous magnetite mineralization at a depth of 141 to 144 meters.

Thick levels of BIF have been identified throughout the Kalyadi target and correspond to significant magnetic anomalies defined by high-resolution airborne geophysics, and those form the target of further drilling to identify magnetite mineralization on the property.

WAI also intends to extend drilling to the north to test the Sambalama target, which represents a magnetic anomaly of more than a hundred meters wide and 5 km in length, and along which abundant magnetite mineralization occurs at surface.

Commenting on the drilling results, WAI CEO, Mr. Guy Duport, stated: "The intersection of good grade iron banded mineralization at 140 meters below surface, demonstrates that mineralisation at surface may extend to significant depths. The quality of drilling, recovery rates and the geological information derived from initial drilling are encouraging."

A trenching and pitting program has also been initiated on the Sambalama and Kalyadi targets to correlate the magnetic anomalies with the lithologies and help the interpretation of drilling results.

Samples from the drilling, pitting and trenching will be analyzed by SGS in South Africa. WAI's objective is to present an NI 43-101 resource report by September 2011.

Qualified Person

Information contained herein which is of a scientific or technical nature was reviewed and prepared under the supervision of Dr. Bert De Waele, PhD, MSc, BSc, FAIG, who is a principal consultant (geology) of SRK Consulting and a Qualified Person for the purposes of NI 43-101.

ABOUT WAI 

WAI holds 2 large iron ore permits in the Republic of Guinea, the Forécariah permits and the Kérouané permit.

The Forécariah tenement covers an area of 1400km² in the Prefecture of Forécariah.  Iron mineralization in the Forécariah tenement consists of magnetite-hematite quartzite within the Kissi Kissi Formation of the Kasila Group.  These iron-bearing lithologies occur in a number of north-northwest-oriented zones in the eastern part of the tenement.  The main occurrences occur between the localities of Bambaya and Heriko, and seem to form four to five distinct semi-continuous layers which either represent separate metamorphosed units of Banded Iron Formation, or reflect tight folding or thrust-duplication of a single extensive BIF unit.  Based on outcrop mapping, surface sampling and interpretations of helicopter-borne magnetic data, the mineralized units can attain true thicknesses of over 100 meters, while the main occurrence between Bambaya and Heriko has a continuous strike-length of over 15 kilometers.

Based on mapped surface extent and observed lateral continuity, and assuming a depth of 200 meters, dilution factors between 30 and 60% and a conservative estimate of density of 3 tonnes/m3, an exploration target size of between 2.9 and 5.1 billion tonnes can be estimated for the two largest targets, Kalyadi and Sambalama.  An average grade of 36% Fe was calculated on all 186 surface samples within mineralized units in the Forécariah Project, while an average grade of 39% Fe was obtained on 78 surface samples from the Kalyadi and Sambalama targets.  Acknowledging the fact that surface sampling within the mineralized targets may not be fully representative for the mineralization as a whole, an overall grade range of between 25 and 35% Fe can be proposed for Kalyadi and Sambalama targets in the Forécariah tenement.  At this stage insufficient geological information is available to define exploration targets for an additional eight zones of confirmed mineralization.

The property known as the Forécariah tenement covered by SAR Guinee's exploration permits are described in detail in a technical report (the "SRK Report") prepared by SRK Consulting (Australasia) Pty Ltd in accordance with the requirements of National Instrument 43-101 ("NI 43-101"). The SRK Report is available for review on SEDAR at www.sedar.com.

The Kérouané tenement covers an area of 500km² in the Prefecture of Kérouané. SAR Guinee geologists conducted in mid 2010 a number of field checks on the licence.  They recognized one main zone of iron ore outcrops scattered over 5 kilometers around the village of Banankoroni and some allochthonous blocks in the north-eastern part of the tenement and inside its south-eastern part. External consultants interpreted regional geophysical data and satellite images in order to prepare for a very high-resolution helicopter borne magnetometric survey over the permit, which will be completed by early May 2011.

ON BEHALF OF THE BOARD

The potential quantity and grade of the exploration target sizes mentioned in this release is conceptual in nature, as there has been insufficient exploration at present to define a mineral resource. We also note that it is uncertain whether further exploration will results in targets being delineated as a mineral resource.

Statements in this release that are forward-looking statements are subject to various risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of exploration results and estimates and that the resource potential will be achieved on exploration projects, currency fluctuations, dependence upon regulatory approvals, the uncertainty of obtaining additional financing and exploration risk. Readers should also refer to the specific factors disclosed under the heading "Risk Factors" in the Company's filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume any obligation to update any forward-looking statements, save and except as may be required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE West African Iron Ore Corp.

For further information:

Guy Duport
CEO
guyduport@westafricanironore.com
Tel: 604-609-6110 

Investor Relations
Vanguard Shareholder Solutions
Tel: 604-608-0824
Toll Free: 1-866-638-0824
ir@vanguardsolutions.ca

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West African Iron Ore Corp.

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