/NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US
NEWS WIRE SERVICES./
TORONTO, March 1, 2013 /CNW/ - Aureus Mining Inc. ("Aureus" or the
"Company"), the TSX (AUE) and AIM (AUE) listed exploration and
development Company focused on gold in sub-Saharan Africa, confirms
that, on 1 March 2013, its capital consisted of 221,431,293 common
shares with voting rights. On that date, no shares were held in
treasury. The total number of voting rights in the Company is,
The above figure (221,431,293) may be used by shareholders as the
denominator for the calculations by which they will determine if they
are required to notify their interest in, or a change to their interest
in, Aureus Mining Inc. under the FSA's Disclosure and Transparency
About Aureus Mining Inc.
The Company's assets include the New Liberty gold deposit in Liberia
(the "New Liberty Gold Project" or the "Project"), which has an
estimated proven and probable reserve of 910,000 ounces of gold grading
3.3 g/t and an estimated measured and indicated mineral resource of
1,143,000 ounces of gold grading 3.6 g/t and an estimated inferred
mineral resource of 593,000 ounces of gold grading 3.2 g/t. A
feasibility study has been completed on the Project and construction
has commenced with initial earthworks. The Project is expected to have
an eight and a half year mine life and annual production of 120,000
ounces for the first five years of production. The Company has financed
the Project's equity funding requirement and is in advanced discussions
with interested parties to fund the balance.
The New Liberty Gold Project is located within the Bea Mountain mining
licence, which covers 457 km² and has a 25 year, renewable, mineral
development agreement. The Bea Mountain mining license also hosts the
proximal gold targets of Ndablama, Gondoja and Weaju, which are the
focus of exploration programs during 2013. The contiguous Archaen Gold
exploration licence, which covers 89 km², is also a focus of
exploration for 2013, with Leopard Rock being the main target.
The Company also has gold exploration permits in Cameroon.
The estimates of mineral resources were calculated in accordance with NI
43-101 and carried out by Chris G Arnold BSc (Hons), MSc, MAusIMM (CP)
of independent consultants AMC. The estimated mineral reserve was
prepared by Mr M Staples of AMC, a Qualified Person, for the purposes
of the study, under the standards set forth by National Instrument
43-101 "Standards of Disclosure for Mineral Project", of the Canadian
Securities Administrators ("NI 43-101″).
SOURCE: Aureus Mining Inc.
For further information:
Aureus Mining Inc.
David Reading / Jeremy Cave
Tel: +44 (0) 20 7010 7690
RBC Capital Markets (Nominated Advisor and Joint Broker)
Martin Eales / Richard Hughes
Tel: +44 (0) 20 7653 4000
GMP Securities Europe LLP (Joint Broker)
Richard Greenfield / Alexandra Carse
Tel: +44 (0) 20 7647 2800
Bobby Morse / Gordon Poole
Tel: +44 (0) 20 7466 5000