African Aura Mining Inc. (TSX-V:AUR) (AIM:AAAM) a gold and iron ore development company, has announced the start of an initial 10 hole 4,200m resource drill programme at the company's 100% owned Nkout iron ore project in southern Cameroon.
African Aura has three principal iron ore projects in Cameroon, namely the Nkout, Ngoa and Akom Hills and considers that their combined dimensions represent a potentially significant iron ore asset. The Nkout iron ore project is located on the 489km Djoum licence which is held by the Company's 100% owned subsidiary Caminex SARL. Nkout deposit is strategically well located in an emerging iron ore province.
The Nkout Iron prospect. Image Credit: ©2009 African Aura Mining Inc.
Nkout is defined by a major geophysical anomaly co-incident with a significant range of hills with at least 8km of strike length. There are a further 12km of targets existing around Nkout which are considered to be moderately magnetic. Previous grab sampling at Nkout returned up to 68% Fe and averaged 55% Fe from 55 samples. A phase one 4,200m 10 hole resource definition drilling programme commenced in July 2010.
The sub-region of southern Cameroon, Gabon and the Republic of Congo hosts a number of substantial iron deposits, which are currently under exploration and development including the 2.5 Bt Mbalam deposit, located approximately 150km southeast of Nkout, which is under development by Sundance Resources Limited. The proposed railroad from Mbalam to the proposed Atlantic port of Lolabe in southern Cameroon, passes within 30km of the Company's Nkout project.
Overview
- Ownership: 100%
- Size: 1,995 km2
- Target: Major geophysical anomaly > 12km in Length
- Status: Grab sampling with highly encouraging grades up to 65% Fe
- Current programme: Prepation for reconnaissance drilling in H2, 2009