SDL 0.00% 0.6¢ sundance resources limited

another ron ore prospect in cameroon

  1. 496 Posts.
    This could help develop the place.


    African Aura to drill Nkout iron ore prospect in Cameroon


    TORONTO, March 9 /CNW/ - 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 1,000km(2) 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.

    About African Aura

    African Aura has a 'first-mover' exploration strategy, focused on the
    discovery of economic gold, iron and uranium deposits in sub-Saharan Africa.
    The Company has a Joint Venture with Severstal Resources for the exploration
    and development of Iron Ore in Cameroon and has established a significant
    portfolio of gold properties within Archaean greenstone and Proterozoic
    volcano-sedimentary belts, including its flagship Batouri gold project in
    Cameroon, where a maiden gold resource is anticipated in 2009. African Aura
    trades on the TSX-V under the symbol AAZ. More information can be found on
    line at www.african-aura.com or by email at: [email protected]

    Oversight

    The exploration results announced in this release have been reviewed and
    approved by Mark Biddulph. He holds a BSc Hons in Geology, and GIS from Rhodes
    University, and a GDE in Mining Engineering (Mineral Economics) from the
    University of Witwatersrand in South Africa. Mark is a Professional Natural
    Scientist under the South African Council for Natural Scientific Professions
    (SACNASP) and a Qualified Person under National Instrument 43-101.

    Forward-Looking Statements

    This press release includes certain Forward-Looking Statements. All
    statements, other than statements of historical fact, included herein,
    including without limitation, statements regarding potential mineralisation
    and reserves, exploration results and future plans and objectives of African
    Aura, are forward-looking statements that involve various known and unknown
    risks and uncertainties as well as other factors. There can be no assurance
    that such statements will prove to be accurate and actual results and future
    events could differ materially from those anticipated in such statements. The
    Company has no obligation to update or modify such forward-looking statements,
    either as a result of new information, future events or for any other reason,
    and we expressly deny any such obligation in relation thereto. Important
    factors that could cause actual results to differ materially from African
    Aura's expectations are disclosed under the heading "Risk Factors" and
    elsewhere in African Aura's reports and other documents filed from
    time-to-time with the TSX Venture Exchange and other regulatory authorities in
    Canada.
    The securities described herein have not been and will not be registered
    under the United States Securities Act of 1933, as amended, or the securities
    laws of any state and may not be offered or sold in the United States absent
    an exemption from registration.
    For more information concerning the reports, or to obtain additional
    information on the Company, please visit our website at: www.african-aura.com
    and SEDAR's website at: www.sedar.com or contact the Company directly.

    <<
    Neither TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this release.
    >>



    For further information: African Aura Resources Ltd, John Gray, Chief
    Executive, Tel: +44 (0) 207 239 4722, Cell: +44 (0) 779 616 7811,
    [email protected], www.african-aura.com





 
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