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African Aura Resources

Publié le 09 mars 2009

to Drill Nkout Iron Ore Prospect in Cameroon

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Mots clés associés :   Liberia | Uranium |

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
<
Données et statistiques pour les pays mentionnés : Liberia | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Liberia | Tous

African Aura Resources

CODE : AAZ.V
ISIN : VGG0130C1095
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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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Rapports Financiers de African Aura Resources
30/11/2009Publication of Third Quarter 2009 Financials
Projets de African Aura Resources
20/08/2009(Batouri)Continued Positive Gold Grades At Batouri Project In Cameroo...
23/07/2009(Batouri)Further Positive Gold Grades at Batouri Project in Cameroon
06/07/2009(Batouri)Significant Gold structure at Batouri Project in Cameroon
09/03/2009(Nkout)to Drill Nkout Iron Ore Prospect in Cameroon
04/02/2009(Batouri)Progress Update Batouri Gold Project, Eastern Cameroon
03/12/2008(Batouri)Drilling Defines Priority Gold Target at Kambele in Cameroon
19/11/2008(Batouri)High Grades Intersected at Dimako gold prospect in Cameroon ...
11/11/2008Drilling continues to intercept high grade gold
09/09/2008(Batouri)High grade gold assays from drilling at Kambele Project, Bat...
Communiqués de Presse de African Aura Resources
03/11/2009Directors' Share Dealing
14/10/2009Completion of Merger, Share Consolidation, Name Change, De-L...
21/10/2009Directors' Share Dealing
22/09/2009RECEIVES SHAREHOLDER APPROVAL OF MERGER WITH MANO RIVER
07/07/2009Further encouraging iron results from Cameroon
11/06/2009Further Encouraging Results from Nkout Iron Project
20/02/2009Board Unanimously Recommends Shareholders REJECT Northern's ...
19/01/2009ENCOURAGING RESULTS FROM NKOUT IRON ORE PROSPECT IN CAMEROON
05/11/2008Publication of year end financials
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