/NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US
NEWS WIRE SERVICES/
TORONTO, March 9 /CNW/ - African Aura Resources Ltd. ("African Aura" or
the "Company", TSX-V: AAZ) an exploration company with gold, iron ore and
uranium exploration activities in Cameroon and Liberia, announces plans to
undertake a reconnaissance diamond drilling programme on a 3km long section of
the 10km long Nkout iron ore prospect in Southern Cameroon.
- 10km long magnetic dipole at Nkout coincides with topographic high
- Drilling to test initial 3km long zone grading up to 65% Fe at
- Up to ten reconnaissance holes planned to commence in May 2009
- In house drilling equipment and drill team to be mobilised to site
The Company is mobilising one of its two in-country diamond drilling rigs to
the Nkout prospect to commence reconnaissance diamond drilling in May with an
initial programme of up to ten holes, each drilled to 100m depth. Collars will
be located approximately 250m apart along a 3km long section of the Nkout
prospect where a previous programme of grab sampling at surface yielded an
average grade of 54% Fe.
John Gray, President & CEO commented:
"The results from geological mapping and initial surface sampling of a 3km long
section of the 10km long Nkout iron ore prospect were highly encouraging, with
grades up to 65% iron and an average of 54% iron. African Aura has the
flexibility and opportunity to accelerate its iron exploration programme with
reconnaissance drill testing using its in-house diamond drills. The Nkout
prospect is strategically located between the Mbalam iron deposit located 150km
to the south east, and the site of a proposed deep water port at Kribi on the
Atlantic coast, and situated close to existing infrastructure in a significant
iron ore province. We look forward to updating shareholders with the results
from this programme in due course"
About the Nkout iron prospect, Southern Cameroon
The Nkout iron prospect is located on the 1,000km(2) Djoum licence which is
held by the Company's 100% owned subsidiary Caminex SARL. The prospect was
identified by interpretation of historic airborne magnetic and remote sensing
data and is defined by a 10km long discontinuous ridge, coincident with a
magnetic dipole hosted by Archaean-age rocks. The Company considers that the
dimensions of Nkout and surrounding hills represent a potentially economic iron
deposit. Nkout is also strategically well located in the sub-region which hosts
a number of significant iron deposits. Of those that are under exploration and
development, the closest is the Mbalam deposit being developed by Sundance
Resources Limited, located approximately 150km to the south east.
As previously announced, in 2008 the Company collected 44 reconnaissance
samples from a 3km by 3.75km area on the eastern section of the Nkout ridge,
which returned a maximum grade of 65% iron, and an average grade of 54% iron. X-ray diffraction and optical microscopy show that the samples comprise mainly
high grade haematite along with magnetite and goethite.
About African Aura
African Aura has a 'first-mover' exploration strategy, focused on the discovery
of economic gold, iron and uranium deposits in sub-Saharan Africa. The Company
has a Joint Venture with Severstal Resources for the exploration and
development of Iron Ore in Cameroon and has established a significant portfolio
of gold properties within Archaean greenstone and Proterozoic volcano-sedimentary belts, including its flagship Batouri gold project in Cameroon,
where a maiden gold resource is anticipated in 2009. African Aura trades on the
TSX-V under the symbol AAZ. More information can be found on line at
www.african-aura.com or by email at: email@example.com
The exploration results announced in this release have been reviewed and
approved by Mark Biddulph. He holds a BSc Hons in Geology, and GIS from Rhodes
University, and a GDE in Mining Engineering (Mineral Economics) from the
University of Witwatersrand in South Africa. Mark is a Professional Natural
Scientist under the South African Council for Natural Scientific Professions
(SACNASP) and a Qualified Person under National Instrument 43-101.
This press release includes certain Forward-Looking Statements. All statements,
other than statements of historical fact, included herein, including without
limitation, statements regarding potential mineralisation and reserves,
exploration results and 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. 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. The Company has no
obligation to update or modify such forward-looking statements, either as a
result of new information, future events or for any other reason, and we
expressly deny any such obligation in relation thereto. Important factors that
could cause actual results to differ materially from African Aura's
expectations are disclosed under the heading "Risk Factors" and elsewhere in
African Aura's reports and other documents filed from time-to-time with the TSX
Venture Exchange and other regulatory authorities in Canada.
The securities described herein have not been and will not be registered under
the United States Securities Act of 1933, as amended, or the securities laws of
any state and may not be offered or sold in the United States absent an
exemption from registration.
For more information concerning the reports, or to obtain additional
information on the Company, please visit our website at: www.african-aura.com
and SEDAR's website at: www.sedar.com or contact the Company directly.
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.
For further information: African Aura Resources Ltd, John Gray, Chief
Executive, Tel: +44 (0) 207 239 4722, Cell: +44 (0) 779 616 7811,
CO: African Aura Resources Limited
NI: MNG FIELD
-0- Mar/09/2009 16:53 GMT
Press spacebar to pause and continue. Press esc to stop.