AAAM African Aura

 

TIDMAAAM 
 
RNS Number : 0059T 
African Aura Mining Inc. 
21 September 2010 
 

 NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE 
                                    SERVICES. 
 
September 21, 2010 
 
TSX-V:   AUR 
AIM:       AAAM 
 
                            African Aura Mining Inc. 
 
 
      drilling at nkout hits SIGNIFICANT WIDTHS OF IRON ORE MINERALISATION 
 
African Aura Mining Inc. ("African Aura" or the "Company"), the TSX-V (AUR) and 
AIM (AAAM) listed exploration and development company focused on iron ore and 
gold in sub-Saharan Africa, announces that drilling at the Company's 100% owned 
Nkout iron ore project in southern Cameroon has intersected significant widths 
of banded iron formation (BIF). 
 
Highlights: 
 
·     Up to 75m of hematite BIF and 195m of magnetite BIF intersected to date 
·     First four holes completed for 950m of initial 4,200m programme 
·     Nkout is defined by an 8km long intense geophysical target and range of 
hills 
·     Further 12km of iron ore targets exist around Nkout as defined by 
geophysics 
·     Previous grab sampling returned up to 68% Fe and averaged 55% Fe 
·     The deposit is strategically very well located in an emerging iron ore 
province 
 
Luis da Silva, President & CEO of African Aura commented: 
"It is very encouraging to report that we have intersected significant widths of 
hematite and magnetite BIF mineralisation at Nkout. The project is now firmly 
moving towards a maiden resource estimate covering the first 30% of the primary 
8km long target which we are now drilling. We are presently mobilising a second 
in-house drill rig to site in order to accelerate the resource definition 
programme. 
 
"Nkout is a greenfield discovery made by African Aura which stemmed from initial 
reconnaissance field work completed in 2008. With a combined geophysical 
signature of 20km which is larger than the Company's Putu iron ore project in 
Liberia. With its excellent strategic location being within 30km of the proposed 
rail line linking the coast to the 2.5 bt Mbalam iron ore project (being 
developed by ASX listed Sundance Resources), Nkout has the potential to evolve 
into a very significant iron ore project. We look forward to receipt of the 
first batch of assay results and updating shareholders accordingly." 
 
Nkout Drilling Data 
 
The geological logs from the current drilling programme are summarised in tables 
1 and 2 below.  The BIF intersection to date are considered to be approaching 
true thickness with drill collars having been located to drill southward through 
the Nkout ridge, at an inclination of approximately 50 degrees and intersecting 
steeply northward dipping (70 degrees) tabular iron ore mineralised units. The 
dimensions are considered by the Company to be highly encouraging. 
 
Drilling of the current first phase, 10 holes / 4,200m programme is expected to 
be complete in November 2010. Subject to assay results the drill programme will 
be substantially accelerated with additional drilling rigs being brought to 
site. Receipt of the first batch of assay results from holes NKDD002 and NKDD003 
are expected during November. Preliminary metallurgical test work will also be 
undertaken on representative sample of core collected from the current drilling 
programme and results will be expected in Q1 2011. 
 
Table 1: Nkout summary drill logs 
 
+---------+-------------+-------------+-------------+------------------------------------+ 
| Hole    | From        | To          | Width       | Geological Interpretation          | 
| ID      |             |             |             |                                    | 
+---------+-------------+-------------+-------------+------------------------------------+ 
| NKDD002 |       30.3  |       69.9  |       39.6  | Haematite Magnetite BIF            | 
+---------+-------------+-------------+-------------+------------------------------------+ 
| NKDD002 |       81.0  |     276.2   |     195.2   | Magnetite BIF                      | 
+---------+-------------+-------------+-------------+------------------------------------+ 
| NKDD003 |       19.7  |       61.5  |       41.8  | Haematite Magnetite BIF            | 
+---------+-------------+-------------+-------------+------------------------------------+ 
| NKDD003 |     131.6   |     263.6   |     132.0   | Magnetite BIF                      | 
+---------+-------------+-------------+-------------+------------------------------------+ 
| NKDD004 |       11.6  |       86.6  |       75.0  | Haematite Magnetite BIF            | 
+---------+-------------+-------------+-------------+------------------------------------+ 
| NKDD004 |       86.6  |     240.0   |     153.4   | Magnetite BIF                      | 
+---------+-------------+-------------+-------------+------------------------------------+ 
| Notes:  | NKDD001 drilled for orientation purposes, whole                              | 
|         | terminated at 104.4m                                                         | 
|         | NKDD004 interruptions in sequence: 9.3m from 46.4m; 5.5m                     | 
|         | from 64.0m                                                                   | 
+---------+-------------+-------------+-------------+------------------------------------+ 
 
Table 2: Nkout drill collar data 
 
+---------+---------+----------+-----------+---------+------+-------------+ 
| Hole    | Easting | Northing | Elevation | Azimuth | Dip  | Depth       | 
| ID      |         |          |           |         |      |             | 
+---------+---------+----------+-----------+---------+------+-------------+ 
| NKDD001 | 254400  | 285773   | 692       | 360     | -55  | 104.38      | 
+---------+---------+----------+-----------+---------+------+-------------+ 
| NKDD002 | 254406  | 286112   | 728       | 180     | -45  | 290.71      | 
+---------+---------+----------+-----------+---------+------+-------------+ 
| NKDD003 | 254801  | 286231   | 766       | 180     | -55  | 301.53      | 
+---------+---------+----------+-----------+---------+------+-------------+ 
| NKDD004 | 253800  | 286055   | 740       | 180     | -50  | 350.86      | 
+---------+---------+----------+-----------+---------+------+-------------+ 
| NKDD005 | 254406  | 286312   | 728       | 180     | -50  | Underway    | 
+---------+---------+----------+-----------+---------+------+-------------+ 
 
 
 
African Aura's Iron Ore Portfolio in Cameroon: 
African Aura has three principal iron ore projects in Cameroon, namely the 
Nkout, Ngoa and Akom Hills and considers that their combined dimensions 
represent a potentially significant iron ore asset. The Nkout iron ore project 
is located on the 489km2 Djoum licence which is held by the Company's 100% owned 
subsidiary Caminex SARL. 
 
Nkout is defined by a major geophysical anomaly with at least 8km of strike 
length co-incident with a significant range of hills. Further targets have been 
identified around Nkout which total 12km of strike and are considered to be 
moderately magnetic and prospective. Previous grab sampling at Nkout returned up 
to 68% Fe and averaged 55% Fe from 55 samples. A phase one 4,200m 10 hole 
resource definition drilling programme commenced in July 2010. 
 
The sub-region of southern Cameroon, Gabon and the Republic of Congo hosts a 
number of substantial iron deposits, which are currently under exploration and 
development including the 2.5 Bt Mbalam deposit, located approximately 150km 
southeast of Nkout, which is under development by Sundance Resources Limited. 
The proposed railroad from Mbalam to the proposed Atlantic port of Lolabe in 
southern Cameroon, passes within 30km of the Company's Nkout project. Further 
information on African Aura's iron ore projects in Cameroon is available at 
www.african-aura.com/s/Nkout.asp. 
 
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. 
 
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). The division also includes a 100% interest in the Nkout iron ore 
project and surrounding iron targets in Cameroon. 
 
-    The gold division includes the 1.4 million ounce New Liberty gold deposit 
(NI 43-101 13.533Mt Measured & Indicated at 3.18 g/t Au), which is being 
advanced through a bankable feasibility study, and the proximal Weaju, Gondoja 
and Silver Hills projects, all in western Liberia. 
 
In addition, the Company has a 30% 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 
Simon Edwards / Tim Redfern / Neil Elliot                 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 
 
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