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AA Alba Minerals Ltd

0.03
0.00 (0.00%)
15 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Alba Minerals Ltd TSXV:AA 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% 0.03 0.03 0.04 0 00:00:00

Aura Minerals Releases Additional Assay Results for the Aranzazu Copper-Gold-Silver Project in Mexico

09/08/2010 2:20pm

Marketwired Canada


Aura Minerals Inc. ("Aura Minerals" or the "Company") (TSX:ORA) is pleased to
release an additional 56 drill holes from the ongoing infill and extension drill
program at its wholly-owned copper-gold-silver Aranzazu Project in Zacatecas
State, Mexico. The most recent Aura Minerals drilling was designed to target
zones southeast along strike - along the Glory Hole-Tiro Azules to Cabrestante
zones. The drilling continues to show the high-grade potential of the Aranzazu
Project orebody.


Of the 56 reported drill holes, 40 drill holes had intercepts of greater than
1.0% Cu with significant gold and silver values. Highlights include (see Table
1, Map 1 and Map 2 below):




--  Hole AZC-089 which returned 25.5 metres of 1.08% Cu, 0.8 g/t Au and 16.6
    g/t Ag;
--  Hole AZR-073 which returned 7.6 metres of 3.22% Cu, 3.0 g/t Au and 27.9
    g/t Ag;
--  Hole AZR-077 which returned 13.7 metres of 1.27% Cu, 2.4 g/t Au and 19.4
    g/t Ag;
--  Hole AZR-086 which returned 15.2 metres of 1.28 % Cu, 1.4 g/t Au and
    17.4 g/t Ag;
--  Hole AZR-087 which returned 21.3 metres of 4.42% Cu, 2.9 g/t Au and 44.4
    g/t Ag;
--  Hole AZR-088 which returned 24.4 metres of 1.19% Cu, 1.3 g/t Au and 14.2
    g/t Ag;
--  Hole AZR-091 which returned 13.7 metres of 1.74% Cu, 1.0 g/t Au and 18.7
    g/t Ag;
--  Hole AZR-093 which returned 18.3 metres of 1.80% Cu, 1.2 g/t Au and 21.2
    g/t Ag;
--  Hole AZR-105 which returned 21.3 metres of 1.80% Cu, 1.5 g/t Au and 37.1
    g/t Ag;
--  Hole AZR-115 which returned 15.2 metres of 1.96% Cu, 2.1 g/t Au and 34.8
    g/t Ag;
--  Hole AZR-121 which returned 3.1 metres of 3.59% Cu, 5.5 g/t Au and 62.1
    g/t Ag;
--  Hole AZR-126 which returned 16.8 metres of 1.40% Cu, 1.5 g/t Au and 17.8
    g/t Ag;
--  Hole AZR-136 which returned 13.7 metres of 2.49% Cu, 2.8 g/t Au and 33.5
    g/t Ag; and
--  Hole AZR-137 which returned 6.1 metres of 2.40% Cu, 3.7 g/t Au and 25.2
    g/t Ag.



The drilling continues to intercept higher than average gold grades as drilling
moves progressively along strike to the east of the Arroyos Azules zone, which
is the first area scheduled for mining as part of the planned restart of
operations (see News Releases No. 2010-09 and No. 2010-03 dated April 5, 2010
and February 15, 2010 respectively). This drilling was designed as follows:




--  Infill drilling along the Arroyos Azules zone to continue underground
    mine planning;
--  Near surface definition drilling in the Glory Hole-Tiro Azules to
    Cabrestante zones, which is being evaluated as a potential; open-pit
    operation in conjunction with underground operations; and
--  Ongoing drilling along strike as part of a planned new resource estimate
    for the deposit.



Commenting on the above, Mr. Patrick Downey, President and CEO of Aura Minerals,
stated, "Ongoing infill drilling for near-term mine planning and upgrading of
resource classification continues to highlight the high-grade nature of the
copper and gold resources at the Aranzazu Project. As we continue with the
planned drill programs, including the deep drill program from which we recently
released the first results (see News Release #2010-15 dated August 5, 2010), we
are very encouraged that the resource will be extended both along strike and at
depth."


Table 1 - Aranzazu Assays (see Map1 and Map 2 below)



----------------------------------------------------------------------------
                                                    Inter-
                           Azi-                       val    Cu
                          muth   Dip   From      To    (1)   (2)   Au    Ag
                          (deg- (deg-  (met-   (met- (met-   (4)   (3)   (3)
Hole #     East    North  rees) rees)   res)    res)  res)   (%) (g/t) (g/t)
---------------------------------------------------------------------------
AZC-089  254473  2723863    30   -62  211.5   226.5  15.0  0.52   0.7   9.1
---------------------------------------------------------------------------
AZC-089  254473  2723863    30   -62  298.5   324.0  25.5  1.08   0.8  16.6
---------------------------------------------------------------------------
AZC-094  253999  2724394   210   -67  361.0   364.0   3.0  0.63   0.3   4.6
---------------------------------------------------------------------------
AZC-096  253947  2724252   211   -65   96.0    99.0   3.0  0.73   0.6  30.1
---------------------------------------------------------------------------
AZC-096  253947  2724252   211   -65  238.5   241.5   3.0  0.54   0.3   7.5
---------------------------------------------------------------------------
AZC-096  253947  2724252   211   -65  289.5   295.5   6.0  1.25   0.7  18.1
---------------------------------------------------------------------------
AZC-096  253947  2724252   211   -65  310.5   316.5   6.0  0.73   0.5  17.0
---------------------------------------------------------------------------
AZC-096  253947  2724252   211   -65  337.5   349.5  12.0  1.21   1.0  14.9
---------------------------------------------------------------------------
AZR-064  254149  2724143   212   -50  135.6   138.7   3.0  1.11   0.6  34.6
---------------------------------------------------------------------------
AZR-064  254149  2724143   212   -50  199.6   202.7   3.1  0.56   0.5   6.3
---------------------------------------------------------------------------
AZR-068  254468  2723861   201   -74   99.1   103.6   4.6  1.95   1.7  17.8
---------------------------------------------------------------------------
AZR-071  254498  2723862   212   -70   13.7    16.8   3.0  0.77   0.5   8.8
---------------------------------------------------------------------------
AZR-071  254498  2723862   212   -70   86.9    89.9   3.1  1.03   1.4  11.7
---------------------------------------------------------------------------
AZR-072  254498  2723860   215   -45   13.7    16.8   3.0  0.72   1.5   2.9
---------------------------------------------------------------------------
AZR-073  254518  2723846   210   -55    1.5     6.1   4.6  1.94   0.8   8.4
---------------------------------------------------------------------------
AZR-073  254518  2723846   210   -55   53.3    61.0   7.6  3.22   3.0  27.9
---------------------------------------------------------------------------
AZR-074  254509  2723830   219   -50    1.5     7.6   6.1  2.09   0.5   5.3
---------------------------------------------------------------------------
AZR-074  254509  2723830   219   -50   39.6    47.2   7.6  1.45   2.8  17.3
---------------------------------------------------------------------------
AZR-075  254070  2724119   210   -56   61.0    68.6   7.6  0.72   0.1   3.3
---------------------------------------------------------------------------
AZR-075  254070  2724119   210   -56  147.8   166.1  18.3  0.91   1.2  12.7
---------------------------------------------------------------------------
AZR-076  254094  2724108   211   -52   68.6    71.6   3.1  0.68   0.3   8.7
---------------------------------------------------------------------------
AZR-076  254094  2724108   211   -52   91.4    96.0   4.6  1.00   0.1   1.7
---------------------------------------------------------------------------
AZR-076  254094  2724108   211   -52  149.4   152.4   3.1  0.69   0.7   9.8
---------------------------------------------------------------------------
AZR-077  253957  2724059   177   -62   51.8    65.5  13.7  1.27   2.4  19.4
---------------------------------------------------------------------------
AZR-079  253922  2724026   178   -44   12.2    16.8   4.6  0.78   0.9  13.0
---------------------------------------------------------------------------
AZR-080  253922  2724027   181   -63   12.2    21.3   9.2  1.80   1.2  19.4
---------------------------------------------------------------------------
AZR-081  253901  2724037   182   -43   19.8    27.4   7.6  1.25 0.685 13.92
---------------------------------------------------------------------------
AZR-085  254434  2723893   210   -66    3.1    13.7  10.7  1.46   0.1   5.0
---------------------------------------------------------------------------
AZR-085  254434  2723893   210   -66   39.6    42.7   3.1  1.17   2.2  15.3
---------------------------------------------------------------------------
AZR-086  254525  2723806   209   -45    0.0     9.1   9.1  0.82   0.3   6.6
---------------------------------------------------------------------------
AZR-086  254525  2723806   209   -45   16.8    21.3   4.6  2.23   0.2  16.3
---------------------------------------------------------------------------
AZR-086  254525  2723806   209   -45   42.7    57.9  15.2  1.28   1.4  17.4
---------------------------------------------------------------------------
AZR-087  254469  2723857   204   -61   62.5    83.8  21.3  4.42   2.9  44.4
---------------------------------------------------------------------------
AZR-088  254549  2723795   215   -51    0.0     6.1   6.1  0.64   1.0  11.2
---------------------------------------------------------------------------
AZR-088  254549  2723795   215   -51   18.3    25.9   7.6  0.85   0.2   4.4
---------------------------------------------------------------------------
AZR-088  254549  2723795   215   -51   39.6    64.0  24.4  1.19   1.3  14.2
---------------------------------------------------------------------------
AZR-089  254473  2723867    29   -60   51.8    56.4   4.6  1.63   0.5  16.6
---------------------------------------------------------------------------
AZR-090  254425  2723876   213   -44    1.5     6.1   4.6  1.02   0.1   2.9
---------------------------------------------------------------------------
AZR-090  254425  2723876   213   -44   25.9    29.0   3.1  0.68   0.1   1.8
---------------------------------------------------------------------------
AZR-091  253942  2724040   185   -43   24.4    38.1  13.7  1.74   1.0  18.7
---------------------------------------------------------------------------
AZR-092  254555  2723807   212   -58    4.6    13.7   9.2  1.44   0.9   5.8
---------------------------------------------------------------------------
AZR-092  254555  2723807   212   -58   24.4    27.4   3.1  0.72   0.0   1.9
---------------------------------------------------------------------------
AZR-092  254555  2723807   212   -58   32.0    38.1   6.1  0.52   0.0   1.6
---------------------------------------------------------------------------
AZR-092  254555  2723807   212   -58   64.0    68.6   4.6  0.75   2.4   9.3
---------------------------------------------------------------------------
AZR-092  254555  2723807   212   -58   77.7    88.4  10.7  0.73   0.5   6.6
---------------------------------------------------------------------------
AZR-093  254498  2723862   214   -57   12.2    15.2   3.1  1.00   1.5  15.5
---------------------------------------------------------------------------
AZR-093  254498  2723862   214   -57   86.9   105.2  18.3  1.80   1.2  21.2
---------------------------------------------------------------------------
AZR-094  254562  2723769   212   -55   32.0    38.1   6.1  0.66   1.0   7.3
---------------------------------------------------------------------------
AZR-095  254568  2723781   209   -58   41.2    47.2   6.1  0.53   1.5  21.6
---------------------------------------------------------------------------
AZR-096  254378  2723861    27   -43   51.8    67.1  15.2  0.65   0.7  10.7
---------------------------------------------------------------------------
AZR-097  254582  2723757   213   -60   50.3    56.4   6.1  0.93   0.9  16.6
---------------------------------------------------------------------------
AZR-098  254544  2723838   210   -45    0.0     7.6   7.6  0.77   0.4   6.3
---------------------------------------------------------------------------
AZR-098  254544  2723838   210   -45   71.6    85.3  13.7  0.86   1.5  14.8
---------------------------------------------------------------------------
AZR-099  254544  2723838   210   -50    1.5     9.1   7.6  1.71   0.3   4.8
---------------------------------------------------------------------------
AZR-099  254544  2723838   210   -50   73.2    77.7   4.6  1.13   7.6  28.4
---------------------------------------------------------------------------
AZR-100  254583  2723758   204   -78   56.4    59.4   3.1  0.77   1.8   8.6
---------------------------------------------------------------------------
AZR-100  254583  2723758   204   -78   67.1    80.8  13.7  0.60   1.2   9.0
---------------------------------------------------------------------------
AZR-100  254583  2723758   204   -78   94.5   109.7  15.2  0.54   1.7   7.7
---------------------------------------------------------------------------
AZR-101  254605  2723744   210   -45   64.0    68.6   4.6  1.63   0.6  27.5
---------------------------------------------------------------------------
AZR-102  254605  2723744   210   -59   73.2    77.7   4.6  0.73   0.2  12.7
---------------------------------------------------------------------------
AZR-103  254605  2723744   210   -75   76.2    80.8   4.6  1.20   3.2  24.1
---------------------------------------------------------------------------
AZR-103  254605  2723744   210   -75   89.9   102.1  12.2  0.70   1.8   7.2
---------------------------------------------------------------------------
AZR-103  254605  2723744   210   -75  118.9   121.9   3.1  0.82   0.8  16.2
---------------------------------------------------------------------------
AZR-103  254605  2723744   210   -75  147.8   153.9   6.1  0.76   0.8  13.1
---------------------------------------------------------------------------
AZR-104  254434  2723893   210   -80   12.2    15.2   3.0  1.04   0.0   0.7
---------------------------------------------------------------------------
AZR-104  254434  2723893   210   -80   19.8    22.9   3.0  3.01   1.0   0.7
---------------------------------------------------------------------------
AZR-104  254434  2723893   210   -80   65.5    76.2  10.7  0.92   1.3  22.1
---------------------------------------------------------------------------
AZR-105  254604  2723742    31   -76  115.8   125.0   9.1  1.04   2.2  51.1
---------------------------------------------------------------------------
AZR-105  254604  2723742    31   -76  155.4   160.0   4.6  2.66   2.6 121.3
---------------------------------------------------------------------------
AZR-105  254604  2723742    31   -76  190.5   196.6   6.1  0.76   1.7  28.3
---------------------------------------------------------------------------
AZR-105  254604  2723742    31   -76  243.8   246.9   3.0  1.03   1.7  27.9
---------------------------------------------------------------------------
AZR-105  254604  2723742    31   -76  295.7   317.0  21.3  1.80   1.5  37.1
---------------------------------------------------------------------------
AZR-108  254358  2723805    24   -45  125.0   131.1   6.1  3.11   1.8  37.1
---------------------------------------------------------------------------
AZR-108  254358  2723805    24   -45  144.8   149.4   4.6  0.62   0.8  12.1
---------------------------------------------------------------------------
AZR-108  254358  2723805    24   -45  155.5   160.0   4.6  0.67   0.8  10.8
---------------------------------------------------------------------------
AZR-109  254605  2723744   210   -57   74.7    80.8   6.1  0.84   0.4  15.6
---------------------------------------------------------------------------
AZR-110  254605  2723744   210   -74   99.1   129.5  30.5  1.01   0.8  14.0
---------------------------------------------------------------------------
AZR-110  254605  2723744   210   -74  149.4   161.5  12.2  0.55   0.6   9.7
---------------------------------------------------------------------------
AZR-110  254605  2723744   210   -74  187.5   192.0   4.6  0.50   0.4   8.8
---------------------------------------------------------------------------
AZR-113  254622  2723724    30   -58  109.7   112.8   3.1  1.67   1.9 106.0
---------------------------------------------------------------------------
AZR-115  254544  2723838   210   -77    3.1     7.6   4.6  0.61   0.2   3.1
---------------------------------------------------------------------------
AZR-115  254544  2723838   210   -77  146.3   161.5  15.2  1.96   2.1  34.8
---------------------------------------------------------------------------
AZR-116  254592  2723772   210   -77   85.3    93.0   7.6  1.29   1.2  35.4
---------------------------------------------------------------------------
AZR-117  254570  2723792   210   -62   41.2    56.4  15.3  0.96   1.5  12.4
---------------------------------------------------------------------------
AZR-117  254570  2723792   210   -62   91.4   102.1  10.7  1.12   0.9  12.5
---------------------------------------------------------------------------
AZR-118  254528  2723865   210   -57    4.6    10.7   6.1  0.80   0.4   5.2
---------------------------------------------------------------------------
AZR-118  254528  2723865   210   -57   19.8    22.9   3.1  1.60   1.1  58.5
---------------------------------------------------------------------------
AZR-119  254570  2723792   210   -70   42.7    45.7   3.1  0.97   1.2  28.8
---------------------------------------------------------------------------
AZR-120  254570  2723792   210   -77   30.5    33.5   3.1  0.62   0.9  33.3
---------------------------------------------------------------------------
AZR-120  254570  2723792   210   -77   41.2    45.7   4.6  1.07   1.2  28.8
---------------------------------------------------------------------------
AZR-121  254528  2723865   210   -71    6.1    12.2   6.1  0.98   0.3   3.6
---------------------------------------------------------------------------
AZR-121  254528  2723865   210   -71   64.0    67.1   3.1  3.59   5.5  62.1
---------------------------------------------------------------------------
AZR-121  254528  2723865   210   -71  123.4   140.2  16.8  1.51   1.3  25.3
---------------------------------------------------------------------------
AZR-121  254528  2723865   210   -71  146.3   149.4   3.0  0.62   0.2   7.1
---------------------------------------------------------------------------
AZR-122  254551  2723809   210   -64   79.3    83.8   4.6  0.89   4.4  23.5
---------------------------------------------------------------------------
AZR-122  254551  2723809   210   -64   89.9    94.5   4.6  2.37   2.6  23.5
---------------------------------------------------------------------------
AZR-124  254528  2723865   210   -85    9.1    25.9  16.8  1.02   0.9  48.1
---------------------------------------------------------------------------
AZR-124  254528  2723865   210   -85  160.0   167.6   7.6  0.66   2.7  18.5
---------------------------------------------------------------------------
AZR-125  254199  2723989   210   -50   61.0    67.1   6.1  0.79   1.0  13.3
---------------------------------------------------------------------------
AZR-126  254632  2723740   210   -74  106.7   111.3   4.6  0.73   1.9  20.5
---------------------------------------------------------------------------
AZR-126  254632  2723740   210   -74  181.4   198.1  16.8  1.40   1.5  17.8
---------------------------------------------------------------------------
AZR-127  254378  2723900   210   -45    0.0     4.6   4.6  0.64   0.3   9.0
---------------------------------------------------------------------------
AZR-127  254378  2723900   210   -45  126.5   129.5   3.1  0.81   1.9   8.0
---------------------------------------------------------------------------
AZR-135  254212  2723969   210   -47    0.0     3.1   3.1  1.51   0.4   7.1
---------------------------------------------------------------------------
AZR-135  254212  2723969   210   -47    7.6    16.8   9.1  0.64   0.7  27.9
---------------------------------------------------------------------------
AZR-136  254470  2724857   210   -85   51.8    65.5  13.7  2.49   2.8  33.5
---------------------------------------------------------------------------
AZR-137 2723967   254244   207   -45   27.4    33.5   6.1  2.40   3.7  25.2
---------------------------------------------------------------------------
AZR-137 2723967   254244   207   -45   57.9    61.0   3.1  0.70   1.1  11.7
---------------------------------------------------------------------------
AZR-139  254472  2723862    25   -82   59.4    65.5   6.1  0.75   1.4  13.6
---------------------------------------------------------------------------
AZR-139  254472  2723862    25   -82   76.2   103.6  27.4  0.81   1.4  12.6
---------------------------------------------------------------------------
AZR-139  254472  2723862    25   -82  109.7   135.6  25.9  0.72   1.2  13.0
---------------------------------------------------------------------------
1.  true width has yet to be determined
2.  using a copper cutoff grade 0.5%
3.  fire assay and atomic absorption finish
4.  atomic absorption ("AA")



Qualified Person

Exploration at the Aranzazu Project is being conducted under the supervision of
Mr. Alan Hitchborn, P.Geo., who is the Company's Qualified Person as defined by
NI 43-101. Mr. Hitchborn has also reviewed and approved the contents of this
news release as applicable.


Quality Assurance and Quality Control ("QA/QC") Procedures for the Aranzazu Project

Aura Minerals is presently drilling at the Aranzazu Project utilizing both core
and reverse circulation drill rigs. The drilling is conducted by Layne de
Mexico. The reverse circulation drill uses a bit sized from 5.5 inches to 4.75
inches. The core program utilizes HQ-sized core and then stepping down to
NQ-sized core as required. Samples are collected on a 1.5 metre sample interval.
The reverse circulation drill cuttings are split at the drill rig. The samples
collected consist of an approximate 25% split of the total material recovered
from the interval sampled. This material is shipped directly to the Stewart
Group de Mexico ("Stewart Mexico") sample preparation facility in Zacatecas,
Mexico and processed utilizing the same sample preparation protocol as used for
the core samples discussed below. Assays are completed at the ISO 9001-2008
certified Eco Tech Laboratory Limited ("Eco Tech Stewart"), a subsidiary of the
Stewart Group Ltd., in Kamloops, British Columbia, Canada. Diamond drilling core
is logged, photographed and then split in half using a diamond core saw. Half
the core is retained off-site in a secure storage facility and the other half is
sampled, secured in sealed, labeled bags and then transported to the Stewart
Mexico facility in Zacatecas, Mexico and processed utilizing the same
preparation protocol discussed below. Assays are completed at the Eco Tech
Stewart laboratory in Kamloops, B.C. The entire half-core and reverse
circulation drill cuttings are crushed to 95% passing 2 millimetres, split and
pulverized to 95% passing 150 mesh, split again, and a 150 gram sample sent for
assay. Gold assays are determined by fire assay with an AA finish, over limit
assays are determined by fire assay with a gravimetric finish. Silver, copper,
lead and zinc assays are determined by a four acid digestion with an ICP-MS
finish. Molybdenum assays are determined by aqua regia digestion followed by an
ICP-OES finish. Silver overlimits are determined by a fire assay with a
gravimetric finish. The Company systematically inserts certified standard
samples, sample duplicates in a non-sequential order and blank samples in all
batches of samples sent to Stewart Mexico and Eco Tech Stewart as a means of
quality control. Additionally, Stewart Mexico and Eco Tech Stewart have their
own stringent internal QA/QC protocols. Check samples are systematically sent to
the ALS Chemex lab in Vancouver, Canada. Chain of custody of drill samples is
maintained throughout the process with the use of numbered seal tags closing
sample bags and third party professional transportation of samples to the
laboratories. Each stage of sample handling is recorded in log sheets and
receipts obtained from each party involved.


About Aura Minerals Inc.

Aura Minerals is a Canadian mid-tier gold production company focused on the
acquisition, exploration, development and operation of gold and base metal
projects in the Americas. The Company's producing assets includes the San Andres
gold mine in Honduras, and the recently acquired, producing Sao Francisco and
Sao Vicente gold mines in Brazil. The Company is also developing the
copper-gold-silver Aranzazu Project in Zacatecas state in Mexico, which will
commence operation in the second half of 2010. Other significant assets include
the feasibility-stage Serrote Deposit at the copper-gold-iron ore Arapiraca
Project in Brazil.


Cautionary Statement:

This news release contains forward-looking statements that are not historical
facts. Forward-looking statements involve risks, uncertainties and other factors
that could cause actual results, performance, prospects and opportunities to
differ materially from those expressed or implied by such forward-looking
statements. Factors that could cause actual results to differ materially from
these forward-looking statements include those risks set out in Aura Minerals'
public documents filed on SEDAR at www.sedar.com. Although Aura Minerals
believes that the assumptions and factors used in preparing the forward-looking
statements are reasonable, undue reliance should not be placed on these
statements, which only apply as of the date of this news release, and no
assurance can be given that such events will occur in the disclosed time frames
or at all. Aura Minerals disclaims any intention or obligation to update or
revise any forward-looking statement, whether as a result of new information,
future events or otherwise.


To view Map 1 and Map 2, please click the following link: 
http://media3.marketwire.com/docs/auramaps8910.pdf


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