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ALU Anglo Aluminum Corp.

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Share Name Share Symbol Market Type
Anglo Aluminum Corp. TSXV:ALU TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Anglo Aluminum Acquires Mamou-Dalaba Bauxite Project, Guinea

18/03/2010 4:16pm

Marketwired Canada


Anglo Aluminum Corp. (TSX VENTURE:ALU) is pleased to announce the acquisition of
the Mamou-Dalaba bauxite property in Guinea, West Africa. The property comprises
4 exploration permits covering 1832 km2 in south-western Guinea. Anglo Aluminum
retained Coffey Mining (Coffey) of Perth, Australia to complete a preliminary
assessment of the project including:




--  First-pass ASTER processing to generate plateau outlines and bauxite
    target ranking
--  Reconnaissance site visits to check targets, collect samples, and assess
    bauxite potential
--  Formulation of a bauxite exploration program



The ASTER processing generated 150 targets with a combined surface area of
approximately 181km2. Coffey was able to visit 30 of these targets on the site
visit. Of these, 14 targets with a combined surface area of 55km2 were
identified as having high-prospectivity for bauxite on the basis of field
observations and unverified historical drillhole data referenced on the
1:200,000 Dalaba Geological Map Sheet.


Based on the high-prospectivity of these plateaus, Anglo Aluminum is working
with Coffey to develop a program to quickly confirm these bauxite targets
through drill testing.


Anglo Aluminum acquired the Mamou-Dalaba project through an agreement to
purchase 100% of the issued share capital of Societe Guineenne de Fer et de
Bauxite (SGFB), a local Guinean company that holds the 4 Mamou-Dalaba bauxite
permits. SGFB also holds 14 base metal and 4 iron ore permits in the Beyla and
Kankan areas, and 3 uranium permits in the Beyla area in south-eastern Guinea.
Coffey will complete an initial assessment on these permits, as well.


Koba and Koumbia Bauxite Projects

A preliminary economic assessment (PEA) is currently being organized for Anglo
Aluminum's flagship projects at Koba and Koumbia, Guinea. That study will
investigate the economics of mining operations at Koba and/or Koumbia. Koba
hosts NI 43-101 compliant Indicated resources of 343,183,000 tonnes averaging
42.78% Al2O3, 2.85% SiO2, and 27.83% Fe2O3, and an additional 63,342,000 tonnes
averaging 43.81% Al2O3, 2.74% SiO2, and 26.76% Fe2O3 classified as Inferred
resources. 


Anglo Aluminum recently announced high-grade bauxite results from drilling
completed on the Kousidji Plateau at Koumbia (see news release dated February
18, 2010). Part of the PEA will focus on defining a bauxite resource at Koumbia
as well as updating the resource estimate at Koba.


Christopher J. Wild, P.Eng., Vice-President and Director of Anglo Aluminum, and
a Qualified Person as defined by Canadian National Instrument 43-101, has
reviewed and approved the technical disclosure contained in this news release. 


On behalf of the Board of Directors

Anglo Aluminum Corp.

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