AAAM African Aura

 

TIDMAAAM 
 
RNS Number : 5100V 
African Aura Mining Inc. 
03 November 2010 
 

 
 
 
 
 
 NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE 
                                    SERVICES. 
 
3 November 2010 
 
TSX-V:  AUR 
AIM:     AAAM 
 
                 APPOINTMENT OF PROJECT MANAGER FOR NEW LIBERTY 
 
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, announces the appointment of Dr Martin White as 
Project Manager of the Company's New Liberty gold deposit in western Liberia. 
 
Dr Martin White is a mining engineer with over 25 years' experience. During his 
career he has provided technical expertise and management services on a number 
of gold mine feasibility studies and mine infrastructure development operations, 
including the Bibiani gold mine in Ghana, the Siguiri gold mine in Guinea and 
the Geita gold mine in Tanzania. He holds a BSc and PhD in mining Engineering 
from the University of Nottingham in the United Kingdom and has worked for some 
of the world's leading mining companies, having held senior technical management 
roles with JCI of South Africa, being Group Mining Engineer for Ashanti 
Goldfields of Ghana and General Mine Manager for Arcon Mines in Ireland. From 
2004 to 2010 Martin has provided consultant services to a wide range of mining 
companies for International Mining Consultants. 
 
Luis da Silva, Chief Executive of African Aura, commented: 
"We are pleased to welcome Martin to the team at this important juncture for the 
New Liberty gold project, as it moves through its technical and feasibility 
studies. Martin's appointment follows the recent announcement that David Reading 
has joined the Company's board. When taken together these appointments 
demonstrate our focus on ensuring that we have the requisite skills and 
expertise to develop our assets and thereby create value as rapidly as 
possible." 
 
About the New Liberty Project 
The New Liberty gold deposit is a classic Archaean shear zone hosted greenstone 
gold deposit, located in western Liberia. The project has a resource of 1.38 
million ounces at a grade of 3.18 g/t Au (NI 43-101 compliant 6.65Mt at 3.49 g/t 
measured and 6.87Mt at 2.88 g/t indicated) projected to a depth of 300m, 
comprising three zones along a 1.75km strike length. 
 
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 at depth. 
Metallurgical testwork undertaken by the Company on drill core from New Liberty 
has indicated a non-refractory ore with excellent expected recoveries of up to 
93%. 
 
A scoping study by AMC Consultants (UK) Limited is presently underway that will 
contribute to a Bankable Feasibility Study for an open pit and/or underground 
gold mine, targeting 100,000oz annual production. 
 
New Liberty is one of a series of gold deposits located within the Company's 
457km2 'Class A' 25-year renewable Mining Licence. 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 September 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 22% 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                                   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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