| | Publié le 19 janvier 2009 | ENCOURAGING RESULTS FROM NKOUT IRON ORE PROSPECT IN CAMEROON |
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Re: News - Monday, January 19, 2009 Title: ENCOURAGING RESULTS FROM NKOUT IRON ORE PROSPECT IN CAMEROON
NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES
January 19th, 2009 TSX-V: AAZ
ENCOURAGING RESULTS FROM NKOUT IRON ORE PROSPECT IN CAMEROON
Toronto, (January 19th, 2008) - African Aura Resources Ltd. ("African Aura" or the "Company", TSX-V: AAZ), an exploration company with iron, gold and uranium exploration activities in Cameroon and Liberia, announces that it has received encouraging results from the Nkout iron ore prospect on its 1,000km2 Djoum licence in southern Cameroon.
� Assays up to 65% Fe and averaging 54% Fe from 3km long section � 10km long Nkout prospect is 150km northwest of 2.4 Bt Mbalam deposit � Strategic options for exploration of the project under review
Nkout Iron Prospect, Southern Cameroon The Nkout iron prospect is located on the 1,000km2 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. The sub-region hosts a number of significant iron deposits which are currently under exploration and development including the 2.4 billion tonne Mbalam deposit which is under development by Sundance Resources Limited and located approximately 150km to the south east.
Reconnaissance results The Company has undertaken reconnaissance exploration on an initial 3km by 3.75km area on the flank of the Nkout ridge. A total of 44 samples were collected which returned a maximum grade of 65% iron, and an average grade of 54% iron as detailed in Table 1. Detailed X-ray diffraction and optical microscopy show that the samples comprise mainly high grade haematite along with magnetite and goethite. Table 1. Assay results from reconnaissance samples at Nkout iron prospect. Number of samples % Fe Main component(s) 17 53-65 Fe2O3 9 46-64 Fe2O3 + FeO(OH) 10 36-45 Fe2O3 + FeO(OH)+ SiO2 8 1-20 SiO2
Confirmation of iron exploration rights The Ministry of Industry Mines and Technology Development of Cameroon has issued a decree confirming that iron has been added to the list of target minerals covered by the Djoum exploration licence in southern Cameroon.
John Gray, Chief Executive Officer, commented: "We are highly encouraged by these consistently ore grade reconnaissance results from a 3km section of the 10km long Nkout prospect, which indicate the potential for a significant commercial deposit. Nkout is strategically well located within a recognised iron ore province, close to existing infrastructure and lies between the 2.4 billion tonne Mbalam iron deposit to the south east, and the site of a proposed deep water port at Kribi on the Atlantic coast. We look forward to completing a systematic exploration programme at Nkout which, if successful, will yield significant benefits to the local community and to the wider economy of Cameroon".
Contacts: African Aura Resources Ltd John Gray, Chief Executive Tel: +44 (0) 207 239 4722 john.gray@african-aura.com www.african-aura.com Cell: +44 (0) 779 616 7811
Oversight The exploration results and further planned work in Cameroon 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.
Quality Control and Sample Preparation African Aura has a rigorous Quality Control Program (QCP) inserting a minimum 5% 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% -100micron at their in-country preparation facilities in Cameroon and Liberia, followed by 50gram fire assay (with lower detection limit of 2ppb Au) 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.
About African Aura African Aura (TSX-V: AAZ) has a 'first-mover' exploration strategy, focused on the discovery of economic gold, iron and uranium deposits in sub-Saharan Africa. The Company commenced exploration in 2004 and has established a portfolio of exploration licences totalling approximately 9,800km2, targeting areas of active artisanal gold mining within Archaean greenstone and Proterozoic volcano-sedimentary belts, and intrusive and sedimentary rock hosted uranium occurrences. The portfolio includes the Batouri gold project in eastern Cameroon, the Fula Camp gold project in western Liberia, and a pipeline of significant prospects for drill testing as well as numerous other gold, uranium and iron ore targets that require follow up exploration. For more information on African Aura please visit www.african-aura.com.
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 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.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.
Copyright � 2009 AFRICAN AURA RESOURCES LTD. (AAZ) All rights reserved. For more information visit our website at http://www.african-aura.com/ or send email to info@african-aura.com .. Message sent on Mon Jan 19, 2009 at 6:37:52 AM Pacific Time
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African Aura Resources
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CODE : AAZ.V |
ISIN : VGG0130C1095 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
African Ara Res. est une société d’exploration minière basée au Royaume-Uni. African Ara Res. est cotée au Canada et au Royaume-Uni. Sa capitalisation boursière aujourd'hui est 3,3 millions CA$ (2,6 millions US$, 2,0 millions €). La valeur de son action a atteint son plus bas niveau récent le 21 novembre 2008 à 0,03 CA$, et son plus haut niveau récent le 07 juin 2013 à 0,75 CA$. African Ara Res. possède 32 630 002 actions en circulation. |
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