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Aura Minerals Inc.
Summary
| Project: | EPP Project | |
|---|---|---|
| Deposit: | Lavrinha, Ernesto, Pau-a-Pique | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 6/23/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 23-6-2016: Aura Minerals Inc. announces a Resource Estimation report for its Lavrinha, Ernesto, Pau-a-Pique deposit at the EPP Project project. Acquisition of project completed and updated mineral resource estimate. This report titled “Technical Report an | |
| Resources: | (Resource, M+I): 2.553Mt @ 3.89g/t Au for 320000oz Au contained project total | |
| CP/QP: | [Resources]: E. Puritch, R. Routledge, M. Batelochi (P&E Mining Consultants Inc.;MCB Consultants) | |
| ABSTRACT: | This report titled “Technical Report and Updated Resource Estimate on the EPP Project, Mato Grosso, Brazil” (“Report” or “Technical Report”), was prepared to provide a National Instrument 43-101 (“NI 43-101”) Technical Report on the Ernesto/Lavrinha/Pau-a-Pique Deposits (“EPP Project” or “Project” or “Property”), located in the southwest of Mato Grosso state, near Pontes e Lacerda in Brazil. The EPP Property is 100% beneficially owned by Aura Minerals Inc. (“Aura” or the “Company”). Aura is a public, TSX listed, company trading under the symbol “ORA”. Aura, through its Brazilian subsidiaries, acquired the EPP Project from Yamana Gold Inc. (“Yamana”) in June 2016. The Project was initially studied by Yamana from 2009 to 2011, and was put into production in 2013 for approximately two years before been placed on care and maintenance in late 2014. The EPP Project is the third Project owned by Aura in this specific region of Brazil. The Company currently owns the operating Sao Francisco gold mine near the town of Pontes-eLacerda and had the Sao Vicente gold mine that ceased operations in 2014. The EPP Project consists of three deposits, two of which are potential underground operations and the third of which is a potential open pit. These three deposits are currently being reviewed and three additional areas will be evaluated in 2017 and 2018. | |
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