AAAM African Aura

 

TIDMAAAM 
 
RNS Number : 3969T 
African Aura Mining Inc. 
28 September 2010 
 

 NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE 
                                    SERVICES. 
 
September 28, 2010 
 
TSX-V:  AUR 
AIM:       AAAM 
                            African Aura Mining Inc. 
 
         FURTHER HIGH GRADE DRILL RESULTS from NEW LIBERTY GOLD PROJECT 
 
African Aura Mining Inc. ("African Aura" or the "Company"), the TSX-V (AUR) and 
AIM (AAAM) listed exploration and development company focused on gold and iron 
ore in sub-Saharan Africa, provides an update on the drilling programme at the 
Company's 100% owned New Liberty gold deposit in western Liberia. 
 
Highlights include: 
 
·     Intersections from current drilling campaign on Latiff Zone include: 
o  4.32 g/t Au over 22m from 133m depth 
o  5.17 g/t Au over 8m from 162m depth 
o  4.33 g/t Au over 10m from 162m depth 
o  3.81 g/t Au over 6m from 73m depth 
·     Independent NI 43-101 resource and pre-feasibility study due Q4 2010 
 
Luis da Silva, President and CEO of African Aura commented: 
"We are very pleased to announce further robust drill results from the Latiff 
zone of the New Liberty gold project which already has a 1.4moz NI 43-101 
resource at a grade of 3.18 g/t and excellent metallurgy. New Liberty is shaping 
up to be a very significant advanced gold project in West Africa. 
 
All the intersections are expected to fall within the open pit element of the 
forthcoming independent resource statement and pre-feasibility study expected to 
be delivered during Q4 2010. In the meantime, step-out drilling along strike to 
the west will continue." 
 
New Liberty Drilling Data 
 
The table below represents the new intersections being reported upon in this 
update. 
A full list of New Liberty drilling data is available at: 
http://www.african-aura.com/s/NewLiberty.asp 
 
The data given in this update represents 1,180 metres of drilling from the 2010 
drilling programme of 13,350 metres drilled to date. The step-out programme is 
ongoing and expected to be completed during October with all assay results 
returned this year. 
 
Assuming the pre-feasibility study produces a positive result, as anticipated by 
the Company, a Definitive Feasibility Study will commence immediately with a 
scheduled completion date before the end of H1 2011. 
 
 
+-----------+---------+---------+------+--+--------+-------+ 
|  Hole     |Easting  |Nothing  | From | To| Length | Mean  | 
| ID        |         |         | (m)  | (m)| (m)    | Au    | 
|           |         |         |      |  |        | (g/t) | 
+-----------+---------+---------+------+--+--------+-------+ 
| K167      |263,104  |775,257  | 100  |102|   2    | 2.20  | 
+-----------+---------+---------+------+--+--------+-------+ 
| and       |         |         | 110  |113|   3    | 0.72  | 
+-----------+---------+---------+------+--+--------+-------+ 
| and       |         |         | 125  |155|  30    | 3.18  | 
+-----------+---------+---------+------+--+--------+-------+ 
| Including |         |         | 133  |155|  22    | 4.32  | 
+-----------+---------+---------+------+--+--------+-------+ 
| best      |         |         | 140  |153|  13    | 6.89  | 
| cut       |         |         |      |  |        |       | 
+-----------+---------+---------+------+--+--------+-------+ 
| K168      |262,950  |775,327  |  64  |81|  17    | 1.75  | 
+-----------+---------+---------+------+--+--------+-------+ 
| Including |         |         |  70  |81|  11    | 2.37  | 
+-----------+---------+---------+------+--+--------+-------+ 
| best      |         |         |  73  |79|   6    | 3.81  | 
| cut       |         |         |      |  |        |       | 
+-----------+---------+---------+------+--+--------+-------+ 
| and       |         |         | 167  |171|   4    | 0.52  | 
+-----------+---------+---------+------+--+--------+-------+ 
| K169      |262,975  |775,271  | 106  |107|   1    | 1.67  | 
+-----------+---------+---------+------+--+--------+-------+ 
| and       |         |         | 124  |125|   1    | 1.06  | 
+-----------+---------+---------+------+--+--------+-------+ 
| and       |         |         | 155  |175|  20    | 2.30  | 
+-----------+---------+---------+------+--+--------+-------+ 
| best      |         |         | 162  |170|   8    | 5.17  | 
| cut       |         |         |      |  |        |       | 
+-----------+---------+---------+------+--+--------+-------+ 
| K170      |262,918  |775,284  | 142  |150|   8    | 1.01  | 
+-----------+---------+---------+------+--+--------+-------+ 
| best      |         |         | 144  |148|   4    | 1.73  | 
| cut       |         |         |      |  |        |       | 
+-----------+---------+---------+------+--+--------+-------+ 
| and       |         |         | 212  |214|   2    | 1.44  | 
+-----------+---------+---------+------+--+--------+-------+ 
| K171      |263,184  |775,206  | 162  |172|  10    | 4.33  | 
+-----------+---------+---------+------+--+--------+-------+ 
| best      |         |         | 164  |170|   6    | 6.96  | 
| cut       |         |         |      |  |        |       | 
+-----------+---------+---------+------+--+--------+-------+ 
| and       |         |         | 185  |187|   2    | 0.45  | 
+-----------+---------+---------+------+--+--------+-------+ 
| and       |         |         | 196  |198|   2    | 3.48  | 
+-----------+---------+---------+------+--+--------+-------+ 
 
 
 
+--------------------------------------------+ 
| Notes:                                     | 
| -       Assay data are uncut.              | 
| -       Length of intersection is down     | 
| hole                                       | 
| -       Coordinates, WGS 84 UTM zone 29N   | 
|                                            | 
+--------------------------------------------+ 
 
About the New Liberty Gold Project 
The New Liberty gold deposit is a classic Archaean shear zone hosted greenstone 
gold deposit, which is located in western Liberia. The project has a resource of 
1.38 million ounces (NI 43-101 compliant 13.533 Mt measured and indicated 
resource at 3.18 g/t gold) comprising four zones along a 1.75km strike length, 
projected to a depth of 300m. Drilling has indicated that grades and widths 
continue below this level with intersections including 4.94 g/t Au over 10m in 
hole KGD136 from a depth of 379m and 4.42 g/t Au over 8m in KGD133 at a depth of 
447m. 
 
The best drill intersect from New Liberty is currently 8.45 g/t Au over 37m from 
55m depth and the deposit, which crops out at surface, remains open along strike 
and at depth. Metallurgical testwork undertaken by the Company on drill core 
from New Liberty has indicated a non-refractory ore with excellent recoveries of 
up to 93% from metallurgical test work completed to date. 
 
A pre-feasibility study by AMC Consultants (UK) Limited is presently underway 
that will contribute to a Definitive Feasibility Study targeting 100,000oz 
annual production. 
 
New Liberty is one of a series of gold deposits being worked by hard rock 
artisanal gold miners located within the Company's 457km2 'Class A' 25 year 
renewable Mining Licence, including the Ndablama, Weaju, Silver Hills and 
Gondoja gold projects. Geologically, Archaean greenstone belts are known to host 
major gold mines in Canada, Australia, the Democratic Republic of the Congo and 
Tanzania. The Company considers that the Archaean geology of the Man Craton of 
west Africa is one of very few provinces globally that is highly prospective, 
but has yet to be systematically explored. 
 
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 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 multi million ounce potential New Liberty 
greenstone gold deposit, 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 presently 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 
7299 4212 
 
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 
 
Qualified Person 
African Aura's Qualified Person responsible for preparing this release is Dr Tom 
Elder, who holds a BSc and Doctorate in Geology from the University of Durham in 
the UK, is a Fellow and former Member of Council of the Institution of Mining 
and Metallurgy, and a Fellow of the Geological Society. 
 
Quality Control and Sample Preparation 
African Aura has a rigorous Quality Control Programme (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 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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