Top-Thema

17:06 Uhr
ROUNDUP: Weiter Suche nach Niki-​Investor - Lauda attackiert Lufthansa

Technical Report on Putu Iron Ore Project

Montag, 26.10.2009 08:05

October 26, 2009
 
TSX-V: AUR
AIM: AAAM
 
African Aura Files 43-101 Technical Report ON PUTU IRON ORE PROJECT
 
October 26, 2009, African Aura Mining Inc. ("African Aura" or the
"Company") (TSX-V: AUR) and (AIM: AAAM) listed exploration to
production company focused on gold and iron ore in sub-Saharan Africa
announces the filing a technical report pursuant to National
Instrument 43-101, relating to the 1.08 billion tonne at 37.6% total
iron mineral resource estimate for the Putu iron ore project in
Liberia.
 
With this news release, the Company is reporting the filing as
required under National Instrument 51-101. A copy of the document may
be obtained via www.sedar.com. The previously announced highlights of
the Putu project are as follows:
 
Highlights of Putu iron ore project:
 
* Independent Mineral Resource of 1.08 billion tonnes of iron ore
at 37.6% total iron (Fe) at Putu in Liberia
* Mineral Resource covers only a 2.6km section of 12km ridge
* Potential for the Putu resource to grow as exploration programme
advances
* Best drill results to date of 91m at 61.3% Fe oxidised BIF
haematite and 232m at 40.8% Fe magnetite
* 61.5% project partner Severstal Resources investing US$30m and
working with the Company towards a Pre-Feasibility Study during
2010
 
About African Aura Mining Inc.
African Aura is an established African exploration and development
company with listed on the TSX-V (AUR) and on London's AIM (AAAM).
African Aura is focused on the development of world-class iron ore
and gold deposits in highly prospective, under explored countries of
sub-Saharan Africa. The Company has a highly motivated and
experienced team with a record of discovering mines and taking
projects through development and into production in African.
 
African Aura's assets include the New Liberty gold deposit and the
Putu iron ore project, both in Liberia. Putu is being explored and
operated by the Company's Joint Venture partner, Severstal Resources
(the mining division of OAO Severstal). Severstal Resources is one
of the largest mining companies in Russia with EBITDA in 2008 of
US$859 million. The Company also has a 59% interest in diamond
producer Stellar Diamonds Ltd. A pioneer in Africa, 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 7299
4212
 
Evolution Securities Limited
Simon Edwards / Chris Sim / Neil Tel: +44 (0) 20 7071
Elliot 4300
 
Pelham Public Relations
Charles Vivian / James MacFarlane Tel: +44 (0) 20 7337
1500
 
Qualified Person
The information in this press release relating to Mineral Resources
is based on information compiled under the direction of Mr Howard
Baker (BSc, MSc, MAusIMM) who is a Member of the Australasian
institute of Mining and Metallurgy. Mr Baker has worked on the major
iron ore deposits of West Africa, namely Rio Tinto's Simandou in
Guinea, African Minerals' Tonkolili in Sierra Leone and first visited
Putu in 2007.
Mr Baker is a full time employee of SRK and has sufficient experience
which is relevant to the style of mineralisation and type of deposit
under consideration and to the activity which he is undertaking to
qualify as a Qualified Person (QP) as defined in the "Canadian
Institute of Mining, Metallurgy and Petroleum, CIM standards on
Mineral Resources and Reserves 2000 Edition' and NI43-101. Mr Howard
Baker has reviewed this press release and consents to the inclusion
in the press release of the matters based on his information in the
form and context in which this appears.
For exploration work, Charles Savage (BSc, CEng, ARSM, MIME), a
consultant to the Company, is the appointed Qualified Person
responsible for reviewing and approving the content of this release.
He is a Mining Engineer with over 40 years experience in exploration,
development and operations in the iron ore, base metals and
industrial minerals areas, throughout the world.
 
Quality Control and Sample Preparation
African Aura has a rigorous Quality Control Program (QCP) inserting a
minimum 5% of standards, blanks and duplicates into the sample
stream. The Company employs independently owned and managed OMAC
Laboratories for all its assay requirements, including the
preparation of pulps to 90% -100 micron at their in-country
preparation facilities in Liberia, followed by XRF at their main
laboratory in Loughrea, Ireland.
 
OMAC is accredited to ISO 17025 by INAB (Irish National Accreditation
Board) which is a member of ILAC (International Laboratory
Accreditation Cooperation), and is a signatory to the ILAC Mutual
Recognition Arrangement. OMAC operates an internal QA/QC check assay
programme using in-house standards, reagent blanks and duplicates.
 
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
 
---END OF MESSAGE---
 
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.