TIDMAAAM
RNS Number : 0824A
African Aura Mining Inc.
26 January 2011
NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION
TO US NEWS WIRE SERVICES.
26 January 2011
TSX-V: AUR
AIM: AAAM
HIGHLY ENCOURAGING WIDTHS OF IRON ORE INTERCEPTED AT NKOUT
African Aura Mining Inc. ("African Aura" or the "Company"), the
TSX--V (AUR) and AIM (AAAM) listed exploration and development
company is pleased to announce the detailed geological intercepts
at its iron ore project at Nkout, southern Cameroon.
-- Phase one programme of 4,191m of diamond drilling completed
at Nkout Centre
-- Best results intersected include:
o 92.5m of haematite dominant cap at 46.7% Fe (hole NKGS004)
o 178m of magnetite BIF at 35.1% Fe (hole NKDD002) and
o 100m of magnetite BIF at 38.1% Fe (hole NKDD009)
-- Maiden NI 43-101 compliant resource statement anticipated by
early February 2011
-- Intensive drill campaign of 24,000m planned for 2011
Luis da Silva, Chief Executive of African Aura, commented:
"The geology and extent of iron ore mineralisation within the
initial 3km long Nkout centre area bodes very well for the future
upside to be tested along the balance 8km of strike. The extensions
east and west and further anomalies to the south will be part of a
more aggressive drilling campaign in 2011. This should allow the
pending resource estimate to be both increased and the resources
category upgraded. The excellent drill results to date combined
with the successful metallurgical testing bode very well for the
potential of Nkout."
Following on from the Company's news release dated 21 September
2010, the Company completed its 4,191m core drill programme on the
Nkout property in southern Cameroon in November. The drilling has
confirmed the occurrence of an east-west trending and concordant
magnetite bearing banded iron formation ("BIF") coincident with the
geophysical target and topography of the Nkout ridge.
Drilling has focused on the Nkout centre target that makes up
approximately 3km of a regional magnetic anomaly that extends for
some 20km within the Djoum license area. The drilling programme
that has been completed was designed to target the magnetite BIF
and the overlying oxidized cap material. In total, 11 inclined
drill holes were completed of which 9 intercepted a 200m average
down hole sequence dominated by BIF units and 22 vertical drill
holes targeting the oxidized cap were completed of which 11
intercepted an average of 43m before intercepting fresh BIF.
All received assays have now been received for the exploration
programme with the relevant interception thickness and assay grades
compiled in Table 1 and the drill hole collar locations compiled in
Table 2. SRK Consulting (UK) Limited ("SRK") are currently in the
process of undertaking the inaugural Mineral Resource Estimation
("MRE") for the Nkout centre project. The results of the MRE are
expected to be complete by early February, 2011.
The previously stated average grade of the BIF of 40% was
incorrect and as such should not be construed as the average grade
of Nkout, the inaugural resource estimation is due in early
February, which will include the resource grade.
Metallurgy
As reported on 19 January 2011, excellent metallurgical results
were received from initial test work. Davis Tube test results were
highly encouraging and show that when using a grind size of P90
less than 100u, that a very high grade concentrate averaging
>70% Fe, 0.16% Al2O3, 2.2% SiO2 and <0.01% P is attained at a
mass recovery of 42.2%.
The results of the Davis Tube test work are summarised in Table
3 and suggest that the Nkout BIF will be amenable to standard
magnetic separation techniques. SRK selected 94 representative
samples from the magnetite BIF for the test work.
The oxidized cap material shows elevated Fe grades with a
maximum grade of to 61.8% Fe (total). The elevated grade is a
result of the natural enrichment of the BIF after Silica
dissolution, this being a typical weathering profile of Fe deposits
in Central and West Africa. All assay results and Davis Tube Test
work was completed at OMAC's facilities in Ireland.
Qualified Person
The summary of the Exploration results has been completed by
Howard Baker, a Principal Mining Geologist with SRK Consulting (UK)
Ltd, who is a Member of the Australian Institute of Mining and
Metallurgy (MAusIMM). Howard Baker has some ten years experience in
the exploration, definition and mining of iron ore Mineral
Resources. Howard Baker is a full-time employee of SRK Consulting
(UK) Ltd, an independent Consultancy and has sufficient experience
which is relevant to the style of mineralization and type of
deposit under consideration, and to the type of activity which he
is undertaking to qualify as a Competent Person as defined in the
June 2009 Edition of the AIM Note for Mining and Oil & Gas
Companies. Howard Baker consents to the inclusion in the
announcement of the matters based on their information in the form
and context in which it appears and confirms that this information
is accurate and not false or misleading.
Table 1: Nkout Intervals and Assay Grades
DRILLED LENGTH
DEPTH % FE DOWNHOLE FROM TO DOMINANT
HOLE ID (M) TOTAL (M) (M) (M) GEOLOGY COMMENT
---------- -------- ------ --------- ------ ------ ------------ ----------
Oxidized Sequence
NKDD002 290.7 42.6 25.0 0.0 25.0 (Haematite) Completed
---------- -------- ------ --------- ------ ------ ------------ ----------
Oxidized
NKDD002 44.6 11.0 25.6 36.6 (Haematite)
---------- -------- ------ --------- ------ ------ ------------ ----------
Oxidized
NKDD002 37.3 36.2 36.8 73.0 (Haematite)
---------- ------ --------- ------ ------ ------------
Magnetite
NKDD002 35.1 178.0 73.0 251.0 BIF
---------- ------ --------- ------ ------ ------------
Magnetite
NKDD002 30.8 13.0 257.0 270.0 BIF
---------- -------- ------ --------- ------ ------ ------------ ----------
Oxidized Sequence
NKDD003 301.5 43.8 2.6 19.8 22.3 (Haematite) Completed
---------- -------- ------ --------- ------ ------ ------------ ----------
Oxidized
NKDD003 37.7 28.8 22.5 51.3 (Haematite)
---------- -------- ------ --------- ------ ------ ------------ ----------
Oxidized
NKDD003 36.8 11.0 51.4 62.4 (Haematite)
---------- ------ --------- ------ ------ ------------
Magnetite
NKDD003 32.4 113.2 134.8 248.0 BIF
---------- ------ --------- ------ ------ ------------
Magnetite
NKDD003 21.6 5.6 256.2 261.8 BIF
---------- -------- ------ --------- ------ ------ ------------ ----------
Oxidized Sequence
NKDD004 350.9 42.5 3.6 0.0 3.6 (Haematite) Completed
---------- -------- ------ --------- ------ ------ ------------ ----------
Oxidized
NKDD004 55.3 1.5 4.1 5.6 (Haematite)
---------- -------- ------ --------- ------ ------ ------------ ----------
Oxidized
NKDD004 58.0 1.7 7.8 9.5 (Haematite)
---------- ------ --------- ------ ------ ------------
Oxidized
NKDD004 51.0 18.0 10.1 28.1 (Haematite)
---------- ------ --------- ------ ------ ------------
Oxidized
NKDD004 58.3 0.8 31.1 31.9 (Haematite)
---------- ------ --------- ------ ------ ------------
Oxidized
NKDD004 32.5 3.0 33.6 36.6 (Haematite)
---------- ------ --------- ------ ------ ------------
Oxidized
NKDD004 50.0 1.8 37.1 38.9 (Haematite)
---------- ------ --------- ------ ------ ------------
Oxidized
NKDD004 57.4 1.5 40.1 41.6 (Haematite)
---------- ------ --------- ------ ------ ------------
Oxidized
NKDD004 36.4 3.4 43.1 46.5 (Haematite)
---------- ------ --------- ------ ------ ------------
Oxidized
NKDD004 32.5 63.4 54.7 118.0 (Haematite)
---------- ------ --------- ------ ------ ------------
Magnetite
NKDD004 36.3 48.0 118.0 166.0 BIF
---------- ------ --------- ------ ------ ------------
Magnetite
NKDD004 29.8 68.0 170.0 238.0 BIF
---------- ------ --------- ------ ------ ------------
Magnetite
NKDD004 27.8 6.4 264.0 270.4 BIF
---------- ------ --------- ------ ------ ------------
Magnetite
NKDD004 31.7 30.0 272.0 302.0 BIF
---------- ------ --------- ------ ------ ------------
Magnetite
NKDD004 32.6 17.2 310.0 327.2 BIF
---------- -------- ------ --------- ------ ------ ------------ ----------
Magnetite Sequence
NKDD005 479.8 34.4 66.0 210.0 276.0 BIF Completed
---------- -------- ------ --------- ------ ------ ------------ ----------
Magnetite
NKDD005 37.0 30.0 278.0 308.0 BIF
---------- -------- ------ --------- ------ ------ ------------ ----------
Magnetite
NKDD005 32.6 62.0 310.0 372.0 BIF
---------- ------ --------- ------ ------ ------------
Magnetite
NKDD005 31.0 32.7 373.9 406.5 BIF
---------- ------ --------- ------ ------ ------------
Magnetite
NKDD005 34.6 8.1 407.9 416.0 BIF
---------- ------ --------- ------ ------ ------------
Magnetite
NKDD005 30.5 3.2 417.5 420.7 BIF
---------- ------ --------- ------ ------ ------------
Magnetite
NKDD005 28.4 7.2 422.9 430.0 BIF
---------- ------ --------- ------ ------ ------------
Magnetite
NKDD005 33.3 8.0 442.0 450.0 BIF
---------- -------- ------ --------- ------ ------ ------------ ----------
Magnetite Sequence
NKDD006 360.1 35.9 20.0 90.0 110.0 BIF Completed
---------- -------- ------ --------- ------ ------ ------------ ----------
Magnetite
NKDD006 35.7 23.2 111.9 135.1 BIF
---------- -------- ------ --------- ------ ------ ------------ ----------
Oxidized Sequence
NKDD007A 397.0 44.7 23.8 0.7 24.5 (Haematite) Completed
---------- -------- ------ --------- ------ ------ ------------ ----------
Oxidized
NKDD007A 47.9 31.9 34.1 66.0 (Haematite)
---------- -------- ------ --------- ------ ------ ------------ ----------
Magnetite
NKDD007A 38.1 28.0 90.0 118.0 BIF
---------- ------ --------- ------ ------ ------------
Magnetite
NKDD007A 29.6 6.0 122.0 128.0 BIF
---------- ------ --------- ------ ------ ------------
Magnetite
NKDD007A 25.3 8.0 130.0 138.0 BIF
---------- ------ --------- ------ ------ ------------
Magnetite
NKDD007A 32.9 40.0 142.0 182.0 BIF
---------- ------ --------- ------ ------ ------------
Magnetite
NKDD007A 32.8 31.4 184.0 215.4 BIF
---------- ------ --------- ------ ------ ------------
Magnetite
NKDD007A 31.6 10.0 274.0 284.0 BIF
---------- ------ --------- ------ ------ ------------
Magnetite
NKDD007A 25.9 8.0 352.0 360.0 BIF
---------- ------ --------- ------ ------ ------------
Magnetite
NKDD007A 28.0 27.3 369.7 397.0 BIF
---------- -------- ------ --------- ------ ------ ------------ ----------
Magnetite Sequence
NKDD009 465.4 24.6 3.8 115.0 118.8 BIF Completed
---------- -------- ------ --------- ------ ------ ------------ ----------
Magnetite
NKDD009 30.2 13.2 151.0 164.2 BIF
---------- -------- ------ --------- ------ ------ ------------ ----------
Magnetite
NKDD009 34.2 18.1 188.9 207.0 BIF
---------- ------ --------- ------ ------ ------------
Magnetite
NKDD009 38.1 100.0 244.0 344.0 BIF
---------- ------ --------- ------ ------ ------------
Magnetite
NKDD009 36.4 16.2 347.8 364.0 BIF
---------- ------ --------- ------ ------ ------------
Magnetite
NKDD009 31.8 28.0 370.0 398.0 BIF
---------- ------ --------- ------ ------ ------------
Magnetite
NKDD009 19.6 22.0 443.4 465.4 BIF
---------- -------- ------ --------- ------ ------ ------------ ----------
Magnetite Sequence
NKDD010 515.7 33.8 42.6 138.0 180.6 BIF Completed
---------- -------- ------ --------- ------ ------ ------------ ----------
Magnetite Sequence
NKDD011 94.8 37.8 28.0 29.3 57.3 BIF Completed
---------- -------- ------ --------- ------ ------ ------------ ----------
Magnetite
NKDD011 36.4 26.0 57.3 83.3 BIF
---------- -------- ------ --------- ------ ------ ------------ ----------
Weathered
Oxidized BIF
NKGS004 92.5 46.7 92.5 0.0 92.5 (Haematite) Target
---------- -------- ------ --------- ------ ------ ------------ ----------
Weathered
Oxidized BIF
NKHC005 59.0 47.3 50.0 0.0 50.0 (Haematite) Target
---------- -------- ------ --------- ------ ------ ------------ ----------
Oxidized
NKHC005 39.9 3.0 56.0 59.0 (Haematite)
---------- -------- ------ --------- ------ ------ ------------ ----------
Weathered
Oxidized BIF
NKHC006 57.6 52.0 52.0 0.0 52.0 (Haematite) Target
---------- -------- ------ --------- ------ ------ ------------ ----------
Magnetite
NKHC006 40.4 5.0 52.0 57.0 BIF
---------- -------- ------ --------- ------ ------ ------------ ----------
Weathered
Oxidized BIF
NKHC008 63.5 45.2 29.8 0.0 29.8 (Haematite) Target
---------- -------- ------ --------- ------ ------ ------------ ----------
Oxidized
NKHC008 38.3 6.0 44.0 50.0 (Haematite)
---------- -------- ------ --------- ------ ------ ------------ ----------
Oxidized
NKHC008 50.6 11.0 52.0 63.0 (Haematite)
---------- -------- ------ --------- ------ ------ ------------ ----------
Weathered
Oxidized BIF
NKHC009A 42.5 44.4 30.0 0.0 30.0 (Haematite) Target
---------- -------- ------ --------- ------ ------ ------------ ----------
Oxidized
NKHC009A 39.5 8.0 34.0 42.0 (Haematite)
---------- -------- ------ --------- ------ ------ ------------ ----------
Weathered
Oxidized BIF
NKHC010 56.3 50.4 56.0 0.0 56.0 (Haematite) Target
---------- -------- ------ --------- ------ ------ ------------ ----------
Weathered
Oxidized BIF
NKHC011 45.5 43.7 29.0 0.0 29.0 (Haematite) Target
---------- -------- ------ --------- ------ ------ ------------ ----------
Weathered
Oxidized BIF
NKHC013 30.6 38.0 26.0 0.0 26.0 (Haematite) Target
---------- -------- ------ --------- ------ ------ ------------ ----------
Magnetite
NKHC013 33.9 4.6 26.0 30.6 BIF
---------- -------- ------ --------- ------ ------ ------------ ----------
Weathered
Oxidized BIF
NKHC015 32.0 43.5 29.0 0.0 29.0 (Haematite) Target
---------- -------- ------ --------- ------ ------ ------------ ----------
Magnetite
NKHC015 41.1 3.8 29.0 32.8 BIF
---------- -------- ------ --------- ------ ------ ------------ ----------
Weathered
Oxidized BIF
NKHC016 39.5 35.4 18.1 0.0 18.1 (Haematite) Target
---------- -------- ------ --------- ------ ------ ------------ ----------
Oxidized
NKHC016 34.7 12.0 26.1 38.1 (Haematite)
---------- -------- ------ --------- ------ ------ ------------ ----------
Weathered
Oxidized BIF
NKHC017 27.5 38.5 25.5 2.1 27.6 (Haematite) Target
---------- -------- ------ --------- ------ ------ ------------ ----------
TOTAL 3,802
---------- --------
Table 2: Nkout Drillhole Collar Locations
DEPTH
HOLE ID EASTING NORTHING ELEVATION AZIMUTH DIP (M) TARGET
---------- -------- --------- ---------- -------- ---- ------ ------------
NKDD001 254400 285773 694 0 -50 104 Deep (BIF)
---------- -------- --------- ---------- -------- ---- ------ ------------
NKDD002 254400 286111 738 180 -44 291 Deep (BIF)
---------- -------- --------- ---------- -------- ---- ------ ------------
NKDD003 254806 286232 767 180 -52 302 Deep (BIF)
---------- -------- --------- ---------- -------- ---- ------ ------------
NKDD004 253797 286061 747 180 -51 351 Deep (BIF)
---------- -------- --------- ---------- -------- ---- ------ ------------
NKDD005 254393 286325 709 180 -50 480 Deep (BIF)
---------- -------- --------- ---------- -------- ---- ------ ------------
NKDD006 255599 286494 738 180 -48 360 Deep (BIF)
---------- -------- --------- ---------- -------- ---- ------ ------------
NKDD007A 253005 286034 847 180 -50 440 Deep (BIF)
---------- -------- --------- ---------- -------- ---- ------ ------------
NKDD009 253001 286244 796 180 -50 516 Deep (BIF)
---------- -------- --------- ---------- -------- ---- ------ ------------
NKDD010 255607 286575 721 180 -49 248 Deep (BIF)
---------- -------- --------- ---------- -------- ---- ------ ------------
NKDD011 252560 285299 670 125 -55 95 Deep (BIF)
---------- -------- --------- ---------- -------- ---- ------ ------------
Shallow
NKGS001 254804 286248 763 0 -90 55 (Saprolite)
---------- -------- --------- ---------- -------- ---- ------ ------------
Shallow
NKGS002 254801 286141 774 0 -90 71 (Saprolite)
---------- -------- --------- ---------- -------- ---- ------ ------------
Shallow
NKGS003 253000 285807 847 0 -90 73 (Saprolite)
---------- -------- --------- ---------- -------- ---- ------ ------------
Shallow
NKGS004 253000 285898 859 0 -90 93 (Saprolite)
---------- -------- --------- ---------- -------- ---- ------ ------------
Shallow
NKHC001 255607 286318 762 0 -90 52 (Saprolite)
---------- -------- --------- ---------- -------- ---- ------ ------------
Shallow
NKHC002 255599 286122 727 0 -90 46 (Saprolite)
---------- -------- --------- ---------- -------- ---- ------ ------------
Shallow
NKHC003 255597 286212 747 0 -90 52 (Saprolite)
---------- -------- --------- ---------- -------- ---- ------ ------------
Shallow
NKHC004 255608 286016 709 0 -90 29 (Saprolite)
---------- -------- --------- ---------- -------- ---- ------ ------------
Shallow
NKHC005 254412 286043 751 0 -90 59 (Saprolite)
---------- -------- --------- ---------- -------- ---- ------ ------------
Shallow
NKHC006 254411 285952 753 0 -90 58 (Saprolite)
---------- -------- --------- ---------- -------- ---- ------ ------------
Shallow
NKHC007 253797 286138 726 0 -90 74 (Saprolite)
---------- -------- --------- ---------- -------- ---- ------ ------------
Shallow
NKHC008 253799 285842 800 0 -90 64 (Saprolite)
---------- -------- --------- ---------- -------- ---- ------ ------------
Shallow
NKHC009A 253800 285740 783 0 -90 43 (Saprolite)
---------- -------- --------- ---------- -------- ---- ------ ------------
Shallow
NKHC010 253800 285938 786 0 -90 56 (Saprolite)
---------- -------- --------- ---------- -------- ---- ------ ------------
Shallow
NKHC011 254407 285856 733 0 -90 46 (Saprolite)
---------- -------- --------- ---------- -------- ---- ------ ------------
Shallow
NKHC012 254803 286188 770 0 -90 49 (Saprolite)
---------- -------- --------- ---------- -------- ---- ------ ------------
Shallow
NKHC013 254799 285997 763 0 -90 31 (Saprolite)
---------- -------- --------- ---------- -------- ---- ------ ------------
Shallow
NKHC014 254802 285944 747 0 -90 55 (Saprolite)
---------- -------- --------- ---------- -------- ---- ------ ------------
Shallow
NKHC015 254799 286042 768 0 -90 32 (Saprolite)
---------- -------- --------- ---------- -------- ---- ------ ------------
Shallow
NKHC016 254801 286088 774 0 -90 40 (Saprolite)
---------- -------- --------- ---------- -------- ---- ------ ------------
Shallow
NKHC017 255605 286402 759 0 -90 28 (Saprolite)
---------- -------- --------- ---------- -------- ---- ------ ------------
Table 3: Davis Tube Testwork Results
FEED % DTR CONCENTRATE %
------------------------------
% Fe
Mass as
BHID Al2O3 Fe P SiO2 Recovery Al2O3 Fe P SiO2 Mag
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.27 40.09 0.044 40.51 38.0 0.09 70.70 0.012 0.67 67
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.14 41.50 0.038 39.22 40.8 0.03 71.14 0.007 0.60 70
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.86 39.30 0.030 41.15 46.9 0.06 71.22 0.005 0.82 85
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.69 39.83 0.040 39.38 50.9 0.05 71.06 0.002 0.82 91
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.14 38.91 0.051 41.91 51.7 0.01 71.92 0.003 0.77 96
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.16 37.81 0.042 42.71 50.1 0.01 70.45 0.002 1.80 93
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.16 38.58 0.045 42.05 50.1 0.01 71.52 0.002 0.80 93
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.21 37.90 0.040 42.23 50.9 0.02 71.23 0.002 0.87 96
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.62 37.51 0.034 41.57 43.7 0.10 70.92 0.003 2.03 83
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.29 38.79 0.021 42.10 52.0 0.05 70.72 0.002 1.66 95
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.26 39.96 0.028 40.85 55.1 0.06 67.99 0.004 4.93 94
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.24 40.23 0.030 39.80 54.5 0.04 69.28 0.003 2.97 94
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.25 41.68 0.020 38.34 56.4 0.06 70.25 0.002 2.42 95
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.93 34.79 0.035 45.44 45.0 0.12 69.52 0.003 2.73 90
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.56 35.60 0.043 44.41 41.4 0.19 68.86 0.004 4.00 80
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.37 39.36 0.039 40.87 46.0 0.22 65.92 0.008 6.91 77
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.72 33.62 0.047 46.46 36.3 0.22 65.98 0.009 6.95 71
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.46 35.62 0.034 45.47 40.1 0.09 69.98 0.003 2.97 79
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.51 36.49 0.038 44.30 39.7 0.09 69.91 0.003 2.85 76
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.46 38.33 0.031 41.63 40.6 0.10 70.18 0.002 2.47 74
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.56 37.74 0.044 40.67 46.4 0.08 70.70 0.003 1.49 87
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.47 37.32 0.035 42.70 48.7 0.07 71.23 0.002 1.03 93
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.32 41.29 0.025 39.51 54.5 0.07 71.22 0.002 0.75 94
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.31 40.74 0.032 39.40 54.3 0.08 71.38 0.003 1.23 95
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.65 37.20 0.042 42.23 50.1 0.16 69.10 0.006 3.52 93
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.43 37.78 0.036 41.58 51.1 0.13 68.79 0.005 3.32 93
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 3.87 30.64 0.037 44.56 37.8 0.43 68.93 0.004 3.53 85
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 1.69 34.35 0.040 43.32 44.7 0.11 70.79 0.004 1.27 92
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 1.36 30.33 0.040 50.70 37.8 0.09 71.49 0.002 1.21 89
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 3.35 29.94 0.053 47.11 36.8 0.19 70.09 0.004 1.92 86
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 1.45 34.34 0.042 44.16 45.8 0.15 70.14 0.003 2.50 94
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.57 36.48 0.036 42.49 49.3 0.05 70.68 0.002 1.72 96
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 1.00 34.43 0.048 43.70 45.1 0.10 70.70 0.003 2.10 93
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.75 36.10 0.038 43.24 46.0 0.10 70.42 0.002 1.35 90
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 9.19 18.31 0.052 51.06 15.6 0.29 70.33 0.004 1.68 60
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 3.50 28.53 0.055 47.43 34.7 0.37 68.05 0.005 4.04 83
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 5.52 24.72 0.054 48.73 28.5 0.42 69.25 0.003 2.99 80
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.25 37.98 0.042 42.51 51.5 0.04 70.36 0.004 1.87 95
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.94 34.10 0.045 45.49 44.9 0.06 71.67 0.002 0.95 94
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 1.33 33.32 0.041 45.59 43.8 0.08 70.76 0.003 1.33 93
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.81 34.58 0.041 45.37 45.9 0.07 71.81 0.002 1.00 95
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 3.17 29.74 0.052 48.31 37.3 0.35 68.69 0.005 3.60 86
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 3.05 29.53 0.054 48.19 35.8 0.33 68.88 0.004 3.71 83
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 5.76 23.75 0.045 48.93 25.5 0.24 69.18 0.002 3.12 74
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 4.66 27.93 0.051 46.27 31.1 0.30 70.65 0.003 2.03 79
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 2.16 31.79 0.037 47.17 39.4 0.24 70.18 0.004 2.12 87
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 4.04 29.58 0.042 45.64 36.2 0.46 69.12 0.004 3.93 85
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 1.01 33.88 0.045 45.65 42.6 0.19 69.86 0.003 2.40 88
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 1.44 35.15 0.034 42.75 44.2 0.31 69.31 0.003 3.58 87
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.59 36.18 0.041 43.91 42.4 0.28 69.02 0.003 2.44 81
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.48 36.35 0.039 44.13 44.5 0.22 70.80 0.002 1.83 87
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.36 36.40 0.026 44.17 47.1 0.15 69.89 0.002 2.41 90
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 1.73 33.21 0.051 45.49 44.1 0.28 69.22 0.007 3.68 92
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 1.28 35.21 0.045 43.22 48.2 0.22 68.73 0.007 3.90 94
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 5.04 25.82 0.064 50.16 32.8 0.67 67.11 0.009 4.88 85
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 3.54 30.19 0.057 45.90 39.0 0.33 70.23 0.005 2.21 91
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 0.17 39.32 0.041 39.99 53.3 0.10 70.70 0.002 1.74 96
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDDD002 1.86 35.64 0.050 43.52 48.2 0.34 71.00 0.002 1.17 96
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 1.43 25.00 0.090 45.54 25.8 0.18 70.95 0.002 1.39 73
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 2.97 27.35 0.038 56.45 28.4 0.20 71.33 0.002 1.11 74
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 3.40 27.06 0.045 47.68 30.1 0.30 71.20 0.002 1.24 79
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 0.40 18.74 0.043 50.55 16.7 0.13 70.59 0.002 2.40 63
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 0.95 29.12 0.025 67.05 32.9 0.24 67.48 0.007 5.53 76
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 0.37 37.19 0.050 50.64 50.1 0.05 71.33 0.003 1.33 96
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 0.77 35.33 0.048 42.92 45.7 0.02 71.44 0.002 0.92 92
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 0.08 38.08 0.005 94.61 39.2 0.01 70.73 0.003 1.83 73
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 0.08 39.42 0.031 41.01 38.7 0.01 70.84 0.002 1.96 70
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 0.23 38.86 0.038 41.18 51.4 0.01 71.08 0.002 1.85 94
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 0.13 38.73 0.043 41.09 51.7 0.01 71.14 0.003 1.50 95
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 0.15 38.32 0.040 41.84 50.5 0.01 71.18 0.002 1.30 94
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 0.21 38.12 0.048 42.25 49.0 0.01 71.98 0.003 0.62 93
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 0.22 39.68 0.054 44.24 52.8 0.01 72.01 0.003 0.53 96
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 0.18 36.69 0.042 39.76 46.3 0.01 71.53 0.003 0.55 90
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 0.17 38.01 0.096 44.47 49.6 0.01 71.57 0.002 0.60 93
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 0.17 38.76 0.041 42.30 51.6 0.02 71.60 0.002 0.65 95
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 2.45 32.42 0.047 45.44 41.0 0.12 71.27 0.004 1.31 90
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 0.16 39.18 0.042 45.34 52.8 0.03 71.39 0.002 1.23 96
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 0.37 38.40 0.040 40.39 52.8 0.07 69.37 0.004 3.13 95
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 1.42 36.28 0.060 55.51 48.5 0.16 70.22 0.003 2.33 94
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 0.52 36.54 0.025 42.55 49.2 0.08 70.85 0.002 2.01 95
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 3.22 23.04 0.054 47.69 26.9 0.27 69.37 0.004 3.35 81
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 4.43 25.90 0.064 47.11 26.7 0.68 66.43 0.005 6.41 69
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 4.37 26.60 0.050 52.84 29.2 0.57 67.31 0.005 5.77 74
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 4.84 27.40 0.051 51.16 30.8 0.23 70.80 0.003 1.90 80
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 1.64 32.88 0.031 42.60 41.8 0.12 71.10 0.002 1.63 90
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 3.20 30.89 0.037 46.90 38.9 0.44 68.24 0.005 4.13 86
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 5.67 24.74 0.041 45.98 28.7 0.24 70.70 0.003 1.48 82
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 7.01 20.89 0.056 53.69 24.7 0.15 71.46 0.002 0.64 84
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 6.69 22.87 0.052 53.14 26.4 0.22 71.43 0.003 0.87 82
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 4.34 28.05 0.051 50.27 34.0 0.20 71.03 0.002 1.14 86
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 0.51 35.54 0.041 47.46 47.4 0.14 71.38 0.002 1.04 95
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 2.71 30.32 0.043 43.89 38.8 0.11 71.46 0.002 0.94 92
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 4.79 26.75 0.049 47.23 33.2 0.14 71.42 0.002 0.90 89
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
NKDD003 0.28 36.88 0.058 49.17 49.9 0.07 71.27 0.002 1.37 96
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
Average 1.68 33.9 0.04 45.61 42.2 0.16 70.25 0.004 2.20 87
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
Minimum 0.08 18.31 0.01 38.34 15.61 0.01 65.92 0.002 0.53 60
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
Maximum 9.19 41.68 0.10 94.61 56.42 0.68 72.01 0.012 6.95 96
---------- ------ ------ ------ ------ --------- ------ ------ ------ ----- -----
About African Aura Mining Inc.
African Aura is an established exploration and development
company listed on the TSX-V (AUR) and London's AIM (AAAM). The
Company operates two divisions, namely: iron ore and gold:
- The iron ore division includes its 38.5% interest in the Putu
iron ore project in Liberia, which is moving through
pre-feasibility managed by joint venture partner Severstal
Resources (the mining division of Moscow listed OAO Severstal). In
September 2010 Putu was granted a 25 year renewable Mineral
Development Agreement by the Government of Liberia. The division
also includes a 100% interest in the Nkout iron ore project and
surrounding iron targets in Cameroon which is subject to a resource
definition drilling programme.
- The gold division includes the New Liberty gold deposit in
western Liberia which has a resource of 1.51 million ounces of gold
grading 3.78 g/t (comprising 5,599,000 tonnes grading 4.17 g/t in
the indicated category and 7,040,000 tonnes grading 3.40 g/t in the
inferred category) which is being advanced through a bankable
feasibility study, and the proximal Ndablama, Weaju, Silver Hills
and Gondoja gold projects all within the Company's Bea Mountain 25
year renewable Mineral Development Agreement.
In addition, the Company has a 22% interest in AIM-listed
diamond producer Stellar Diamonds Plc (AIM: STEL,
www.stellar-diamonds.com).
The Company has a highly motivated and experienced team with a
track record of discovering mines and taking projects through
development and into production. As a pioneer, African Aura has
attracted some excellent strategic partners and shareholders,
always with the objective of preserving or enhancing shareholder
value. For further information on the Company you are invited to
visit its website at www.african-aura.com or SEDAR's website at
www.sedar.com, or contact one of the following:
African Aura Mining Inc.
Luis da Silva, President & CEO Tel: +44 (0) 20 7257 2930
Evolution Securities Limited
Rob Collins / Tim Redfern Tel: +44 (0) 20 7071 4300
Pelham Bell Pottinger
Charles Vivian / James MacFarlane Tel: +44 (0) 20 7861 3232
Forward-looking Statements
This press release includes certain forward-looking statements.
All statements, other than statements of historical fact, included
herein, including without limitation, statements regarding the
future plans and objectives of African Aura, are forward-looking
statements that involve various known and unknown risks and
uncertainties as well as other factors. Such forward-looking
statements are subject to a number of risks and uncertainties that
may cause actual results or events to differ materially from
current expectations, including delays in obtaining or failure to
obtain required regulatory approvals. There can be no assurance
that such statements will prove to be accurate and actual results
and future events could differ materially from those anticipated in
such statements. Any forward-looking statements speak only as of
the date hereof and, except as may be required by applicable law,
African Aura disclaim any obligation to update or modify such
forward-looking statements, either as a result of new information,
future events or for any other reason.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accept responsibility for the adequacy or
accuracy of this release.
Ends
This information is provided by RNS
The company news service from the London Stock Exchange
END
DRLUVVKRANAAUAR
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