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Amara Files 43-101-Compliant Technical Report for Yaoure Gold Project

Amara Mining plc, the dual AIM and TSX-listed West African focused gold mining company, is pleased to announce that a National Instrument 43-101-compliant technical report entitled 'Yaoure Gold Project, Cote d'Ivoire, Technical Report and Mineral Resource Estimate for Amara Mining plc', dated 09 May 2013, detailing the Mineral Resource update for its Yaoure Gold Project ("Yaoure") in Cote d'Ivoire was filed on SEDAR yesterday. This follows the news release dated 25 March 2013.

A copy of the technical report may be obtained via www.sedar.com and on Amara's website at http://www.amaramining.com/Investor-Relations/NI43-101-Reports. A copy of the news release may also be obtained via SEDAR and on Amara's website.

The previously announced highlights of the Yaoure Mineral Resource update are as follows:

  • 1.7 million ounce sulphide Inferred Mineral Resource delineated at Yaoure (34.6Mt at 1.52g/t)1
  • Indicated Mineral Resource upgraded to 0.3 million ounces (8.0Mt at 1.31g/t) 1, 2
  • Mineral Resources contained within 40% of the total mineralised volume drilled to date
  • Further Mineral Resource update expected in H2 2013 from on-going in-fill drilling campaign
  • Resource grade is expected to be updated through definition of additional resources via in-fill drilling below the higher grade CMA North-Central pit
  • Resource is open at depth and along strike with all 106 holes drilled in 2011/12 encountering mineralisation
  • Initial metallurgical testwork has confirmed the non-refractory nature of the gold mineralisation with 94% recovery in a conventional carbon-in-leach circuit
  • Preliminary Economic Assessment is expected to be completed in Q4 2013
  • Location of Yaoure is highly advantageous due to close proximity to Kossou dam, which offers cheap hydro-electric power and abundant water, excellent roads and accommodation

Source: http://www.amaramining.com/

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