African Aura Mining Inc.
EXCELLENT DRILL RESULTS & new zone AT NEW LIBERTY GOLD DEPOSIT
· Drilling in new gold zone (“Latiff Zone”) confirms potential to add new ounces
· Latest drilling intersections from New Liberty include:
o Latiff Zone
§ 5.60 g/t Au over 16m from 79m depth
§ 5.68 g/t Au over 18m from 70m depth
§ 4.64 g/t Au over 25m from 166m depth
o Marvoe Zone
§ 2.29 g/t Au over 56m from 334m depth
§ 5.20 g/t Au over 11m from 158m depth
§ 4.68 g/t Au over 13m from 196m depth
· Additional 1,445m of drilling to delineate Latiff Zone to 220m depth
· Independent resource estimate and scoping study findings expected in July
African Aura Mining Inc. (“African Aura” or the “Company”), the TSX‑V (AUR) and AIM (AAAM) listed exploration and development Company focused on gold and iron ore in sub-Saharan Africa, provides an update on the drilling programme at the Company’s 100% owned New Liberty gold deposit in western Liberia. The new Liberty gold deposit is estimated to contain a NI 43-101 compliant measured and indicated resource of 1.38 million ounces of gold at a grade of 3.18 g/t.
Luis da Silva, President and CEO of African Aura commented:
“We are pleased to be delivering on our promises made to our shareholders. The holes being announced today, which conclude the results from the initial drilling campaign, have returned some of the strongest gold intercepts to date at New Liberty.
The newly discovered Latiff Zone is approximately 235m long and lies 40m west of the Kinjor zone and 130m east and the Larjor zone. As with all zones at New Liberty the Latiff zone remains open at depth and the Company considers that its discovery can only enhance the project’s open pit mining potential.
Follow up drilling is already underway on the Latiff Zone and I look forward to updating shareholders shortly with the results from this work and the scoping study, which is now entering its final stages.”