African Aura Files 43-101 Technical Report

 

TIDMAAAM 
 
RNS Number : 5544X 
African Aura Mining Inc. 
08 December 2010 
 

 
 
 
 
NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE 
SERVICES 
 
 
8 December 2010 
 
TSX-V:   AUR 
AIM:       AAAM 
                            African Aura Mining Inc. 
 
     AFRICAN AURA FILES 43-101 TECHNICAL REPORT ON NEW LIBERTY GOLD PROJECT 
 
8 December 2010, African Aura Mining Inc. ("African Aura" or the "Company") the 
TSX-V (AUR) and AIM (AAAM) listed exploration and development company with 
divisions focused on iron ore and gold projects in sub-Saharan Africa, announces 
the filing of a technical report pursuant to National Instrument 43 101, 
relating to the Company's 100% owned New Liberty gold project located in western 
Liberia. This follows the news release dated 17 November 2010 announcing the 
resource statement. 
 
With this news release, the Company is reporting the filing as required under 
the National Instrument 51-101. A copy of the document may be obtained via 
www.sedar.com. The previously announced highlights of the New Liberty gold 
project are as follows: 
 
·      Resources and grade increased to 1.51 million ounces at 3.78 g/t Au 
o  5,599,000t at 4.17 g/t (for 751,000 ounces) in the indicated category; and 
o  7,040,000t at 3.40 g/t (for 762,000 ounces) in the inferred category 
·      Entire indicated resource is within potential open pittable depth from 
surface 
·      Management is targeting a production profile of approximately 100,000 
ounce per year for the open pittable material 
·      Deposit remains open at depth and along strike 
·      Resource model will be incorporated into a Preliminary Economic 
Assessment this December 
 
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. 
 
For further information, please contact: 
 
+---------------------------------+---------------------------------+ 
| African Aura Mining Inc.        | Tel:  [phone]      | 
| Luis da Silva, President & CEO  |                                 | 
|                                 |                                 | 
+---------------------------------+---------------------------------+ 
| Evolution Securities Limited    | Tel:  [phone]      | 
| Simon Edwards / Tim Redfern     |                                 | 
|                                 |                                 | 
+---------------------------------+---------------------------------+ 
| Pelham Bell Pottinger           | Tel:  [phone]      | 
| Charles Vivian / James          |                                 | 
| MacFarlane                      |                                 | 
|                                 |                                 | 
+---------------------------------+---------------------------------+ 
NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENT OF THIS 
ANNOUNCEMENT. 
 
This Announcement has been issued by and is the sole responsibility of the 
Company. No representation or warranty, express or implied, is or will be made 
as to, or in relation to, and no responsibility or liability is or will be 
accepted by Evolution or by any of its respective affiliates or agents as to or 
in relation to, the accuracy or completeness of this Announcement or any other 
written or oral information made available to or publicly available to any 
interested party or its advisers, and any liability therefore is expressly 
disclaimed. 
Evolution is acting as Global Co-ordinator and Sole Bookrunner in connection 
with the Placing. Evolution, which is authorised and regulated by the Financial 
Services Authority, is acting for the Company in connection with the Placing and 
will not be responsible to anyone other than the Company for providing the 
protections afforded to the clients of Evolution nor for providing advice in 
relation to the Placing or any other matter referred to herein. 
The distribution of this Announcement and the Placing of the Placing Shares in 
certain jurisdictions may be restricted by law. No action has been taken by the 
Company or Evolution that would permit an offering of such shares or possession 
or distribution of this Announcement or any other offering or publicity material 
relating to such shares in any jurisdiction where action for that purpose is 
required. Persons into whose possession this announcement comes are required by 
the Company and Evolution to inform themselves about, and to observe, such 
restrictions. 
The information in this Announcement shall not constitute an offer to sell or 
the solicitation of an offer to buy, nor shall there be any sale of, the 
securities referred to herein in any jurisdiction in which such offer, 
solicitation or sale would require preparation of any prospectus or other offer 
documentation, or be unlawful prior to registration, exemption from registration 
or qualification under the securities laws of any such jurisdiction. 
No public offer of securities of the Company is being made in the United 
Kingdom, the United States, Canada or elsewhere. The information in this 
Announcement does not constitute or form a part of any offer or solicitation to 
purchase or subscribe for securities in the United States. The securities 
mentioned herein have not been, and will not be, registered under the United 
States Securities Act of 1933 (the "Securities Act") nor the security laws of 
any state or other jurisdiction of the United States. The securities mentioned 
herein may not be offered or sold in the United States except pursuant to 
Regulation S under the Securities Act or another exemption from, or transaction 
not subject to, the registration requirements of the Securities Act. There will 
be no public offer of securities in the United States. 
The information in this Announcement may not be forwarded or distributed to any 
other person and may not be reproduced in any manner whatsoever. Any forwarding, 
distribution, reproduction, or disclosure of this information in whole or in 
part is unauthorised. Failure to comply with this directive may result in a 
violation of the Securities Act or the applicable laws of other jurisdictions. 
 
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term 
is defined in policies of the TSX Venture Exchange) accepts 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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