/NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US
NEWS WIRE SERVICES./
TORONTO, July 3, 2012 /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 3 July 2012,
its capital consisted of 119,478,488 common shares with voting rights.
On that date, no shares were held in treasury. The total number of
voting rights in the Company is, therefore, 119,478,488.
The above figure (119,478,488) 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 under the FSA's Disclosure and Transparency Rules.
About Aureus Mining Inc.
The Company's assets include the New Liberty gold deposit in Liberia
(the "New Liberty Gold Project"), which has an estimated Reserve of
873,000 ounces of gold grading 3.1 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 technical update for the New Liberty gold project
was released in February 2012, de-risking and building on the robust
preliminary economic assessment, filed in December 2010. The project
is expected to have an eight year mine life and annual production of
123,000 ounces for the first four years.
The New Liberty Gold Project is located within the Bea Mountain mining
license 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 2012. The contiguous Archaen Gold
exploration licence is also a focus of exploration for 2012, with
Leopard Rock being the main target.
The Company also has gold assets within exploration properties in
The Company's Qualified Person responsible for preparing this release is
David Reading, who holds an MSc in Economic Geology from University of
Waterloo, Canada and is a Fellow of the Institute of Materials,
Minerals and Mining. David Reading is the President and CEO of Aureus
Mining Inc. and consents to the inclusion in the announcement of the
matters based on their information in the form and context in which it
appears and confirms that this information is accurate and not false or
SOURCE Aureus Mining Inc.
For further information:
Aureus Mining Inc.
David Reading / Jeremy Cave
Tel: +44 (0) 20 7257 2930
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 / James Strong
Tel: +44 (0) 20 7466 5000