/NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US
NEWS WIRE SERVICES/
TORONTO, April 2 /CNW/ - African Aura Resources Ltd. ("African Aura" or
the "Company", TSX-V: AAZ) is please to provide an update for its
- Appointment of a manager for Nkout iron project in Cameroon
- Phase two exploration drilling at the Batouri gold project nears
- Ongoing discussions underway regarding possible corporate transaction
Nkout Iron Project
The Company has appointed Graham Norton of GT Exploration Services to
supervise the current exploration programme of the Nkout iron project in
Southern Cameroon. The programme will include systematic sampling and mapping
along the project's 12km strike as defined by airborne geophysical data and
geological mapping, in order to confirm the mineralization and define areas
for initial drill testing which is scheduled to commence in May 2009.
Reconnaissance sampling undertaken by the Company along a 5km section of the
prospect returned an average grade of 54% iron and a maximum of 65% iron from
haematitic banded iron and itabarite formations.
Graham Norton is a South African national who holds a BSc (Hons) in
Geology and Chemistry from the University of Port Elizabeth. His previous
experience includes contracting as Senior Exploration Geologist on another
significant iron ore deposit in Cameroon.
Batouri Gold Project
The Company reports that it has completed a further 22 holes for a total
2,105 metres at the Kambele gold prospect on the Company's 100% owned Batouri
gold project. Assay results are expected to be received this month. Three
further holes are due to be completed after which a full review of data will
be conducted in order to guide the next phase of exploration. In the meantime
the Company's diamond drill rigs will be mobilised to the Nkout iron ore
African Aura has entered into a confidentiality agreement with another
company and is moving towards a definitive agreement with such company
regarding a potential transaction. The Company expects to update shareholders
on the status of these discussions shortly.
As stated in African Aura's press release dated March 11, 2009,
Shareholders are urged to REJECT the offer made by Northern Financial
Corporation to purchase African Aura Shares and NOT tender their African Aura
Shares to the offer.
John Gray, Chief Executive Officer, commented:
"We continue to be highly encouraged by the potential of the Nkout iron
project and are pleased to have engaged someone with such highly relevant
experience as Graham Norton to oversee the next stage of exploration. At the
Batouri gold project we will shortly complete the current phase of drilling
and aim to engage an independent consultant to undertake a preliminary
resource study which will guide the next phase of drilling. On a corporate
level we are in ongoing discussions with another company regarding a
transaction which we expect to be able to update our shareholders on shortly."
About African Aura
African Aura has a first mover exploration strategy with a significant
portfolio of iron and gold projects in Cameroon and Liberia. African Aura
trades on the TSX-V under the symbol AAZ. More information can be found on
line at www.african-aura.com and at SEDAR's website: www.sedar.com
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:
For further information: African Aura Resources Ltd, John Gray, Chief
Executive, Tel: +44 (0) 207 239 4722, John.email@example.com, Cell: +44
(0) 779 616 7811