African Aura Resources

Published : March 09th, 2009

to Drill Nkout Iron Ore Prospect in Cameroon

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Keywords :   Cameroon | Diamond | Gold | Iron | Liberia | Uranium | Water |

Re:        News - Monday, March 09, 2009
Title:     African Aura to Drill Nkout Iron Ore Prospect in Cameroon

NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES

March 9, 2009
TSX-V: AAZ

Toronto, (March 9, 2009) - African Aura Resources Ltd. ("African Aura" or the "Company", TSX-V: AAZ) an exploration company with gold, iron ore and uranium exploration activities in Cameroon and Liberia, announces plans to undertake a reconnaissance Diamond drilling programme on a 3km long section of the 10km long Nkout iron ore prospect in Southern Cameroon.
  • 10km long magnetic dipole at Nkout coincides with topographic high
  • Drilling to test initial 3km long zone grading up to 65% Fe at surface
  • Up to ten reconnaissance holes planned to commence in May 2009
  • In house drilling equipment and drill team to be mobilised to site

The Company is mobilising one of its two in-country Diamond drilling rigs to the Nkout prospect to commence reconnaissance Diamond drilling in May with an initial programme of up to ten holes, each drilled to 100m depth. Collars will be located approximately 250m apart along a 3km long section of the Nkout prospect where a previous programme of grab sampling at surface yielded an average grade of 54% Fe.

John Gray, President & CEO commented:
"The results from geological mapping and initial surface sampling of a 3km long section of the 10km long Nkout iron ore prospect were highly encouraging, with grades up to 65% iron and an average of 54% iron. African Aura has the flexibility and opportunity to accelerate its iron exploration programme with reconnaissance drill testing using its in-house Diamond drills. The Nkout prospect is strategically located between the Mbalam iron deposit located 150km to the south east, and the site of a proposed deep water port at Kribi on the Atlantic coast, and situated close to existing infrastructure in a significant iron ore province. We look forward to updating shareholders with the results from this programme in due course"

About the 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. Nkout is also strategically well located in the sub-region which hosts a number of significant iron deposits. Of those that are under exploration and development, the closest is the Mbalam deposit being developed by Sundance Resources Limited, located approximately 150km to the south east.

As previously announced, in 2008 the Company collected 44 reconnaissance samples from a 3km by 3.75km area on the eastern section of the Nkout ridge, which returned a maximum grade of 65% iron, and an average grade of 54% iron. X-ray diffraction and optical microscopy show that the samples comprise mainly high grade haematite along with magnetite and goethite.

To see the remainder of this press release please see the link below

Associated File: http://www.african-aura.com/i/pdf/2009News/AAR NR 09-07 NKOUT 09-03-09.pdf
70 KB in size, approx. 14 seconds to download at 56.6Kbps

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 Mar 9, 2009 at 11:09:04 AM Pacific Time If you wish to be removed from this email list, please reply with UNSUBSCRIBE in the subject line. If you can't view this email please go to www.african-aura.com
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Data and Statistics for these countries : Cameroon | Liberia | All
Gold and Silver Prices for these countries : Cameroon | Liberia | All

African Aura Resources

CODE : AAZ.V
ISIN : VGG0130C1095
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African Ara Res. is a exploration company based in United kingdom.

African Ara Res. is listed in Canada and in United Kingdom. Its market capitalisation is CA$ 3.3 millions as of today (US$ 2.6 millions, € 2.0 millions).

Its stock quote reached its lowest recent point on November 21, 2008 at CA$ 0.03, and its highest recent level on June 07, 2013 at CA$ 0.75.

African Ara Res. has 32 630 002 shares outstanding.

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Financials of African Aura Resources
11/30/2009Publication of Third Quarter 2009 Financials
Project news of African Aura Resources
8/20/2009(Batouri)Continued Positive Gold Grades At Batouri Project In Cameroo...
7/23/2009(Batouri)Further Positive Gold Grades at Batouri Project in Cameroon
7/6/2009(Batouri)Significant Gold structure at Batouri Project in Cameroon
3/9/2009(Nkout)to Drill Nkout Iron Ore Prospect in Cameroon
2/4/2009(Batouri)Progress Update Batouri Gold Project, Eastern Cameroon
12/3/2008(Batouri)Drilling Defines Priority Gold Target at Kambele in Cameroon
11/19/2008(Batouri)High Grades Intersected at Dimako gold prospect in Cameroon ...
11/11/2008Drilling continues to intercept high grade gold
9/9/2008(Batouri)High grade gold assays from drilling at Kambele Project, Bat...
Corporate news of African Aura Resources
11/3/2009Directors' Share Dealing
10/14/2009Completion of Merger, Share Consolidation, Name Change, De-L...
10/21/2009Directors' Share Dealing
9/22/2009RECEIVES SHAREHOLDER APPROVAL OF MERGER WITH MANO RIVER
7/7/2009Further encouraging iron results from Cameroon
6/11/2009Further Encouraging Results from Nkout Iron Project
2/20/2009Board Unanimously Recommends Shareholders REJECT Northern's ...
1/19/2009ENCOURAGING RESULTS FROM NKOUT IRON ORE PROSPECT IN CAMEROON
11/5/2008Publication of year end financials
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