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Aura Energy Ltd.
Summary
| Project: | Tasiast South | |
|---|---|---|
| Deposit: | Bella, Taet | |
| Location: | Mauritania | |
| Commodities: | Cobalt-Nickel-Copper | |
| Date: | 3/1/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-3-2017: Aura Energy Ltd. announces an Exploration/Drilling Update report for its Bella, Taet deposit at the Tasiast South project. Reviewed historical results incl. 4m @ 0.48% Co, 9140ppm Ni, 400ppm Cu from 24m. Aura Energy Limited (AEE; ASX, AURA;AIM) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Neil Clifford (Internal) | |
| ABSTRACT: | Aura Energy Limited (AEE; ASX, AURA;AIM) is pleased to announce that following its recent agreement to purchase two under-explored mineralised greenstone belts in Mauritania (See Fig 1), a review of the base metal potential on these tenements has highlighted several significant cobalt drilling results. The Tasiast South project tenements lie along strike from Kinross’ giant Tasiast Gold Mine and from Algold's Tijirit gold deposits. The tenements are highly prospective for gold but previous work also indicated anomalous occurrences of nickel and copper. In a review of the two project areas, Bella and Taet, cobalt values have been found. Importantly sampling for cobalt was sporadic and only approximately 1 in 10 samples were assayed for cobalt. Of the high Co values 14 samples exceeded 0.1% Co, 6 samples exceeded 0.25% Co and 3 samples near or above 0.5% Co. These results found, over a 1.6 km long drill line at Bella with strong nickel and copper values in ultramafic rocks were within 30 metres of the surface, and at Taet where the anomalous copper values are possibly indicative of sulphides. Drilling to date has tested only a small part of the ultramafic body and the drill lines are possibly parallel to strike. | |
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