Business
PUTU IRON ORE RESOURCE MORE THAN DOUBLES TO 2.4 BILLION TONNES
Feb. 7, 2011 (Canada NewsWire Group) -- /NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DIS...
About this update from Affinity Metals Corp
[{"type":"text","content":"\n\n\n\n Feb. 7, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US\n NEWS WIRE SERVICES./\n\n\nTSX-V: AUR\n\n\nAIM:  AAAM\n\n\nLONDON, UK, Feb. 7 /CNW/ - African Aura Mining Inc. ("African Aura" or\n the "Company"), the TSX-V (AUR) and AIM (AAAM) listed exploration and\n development company is pleased to announce an updated independent\n National Instrument 43-101 compliant Mineral Resource Estimate at its\n 38.5% owned Putu iron ore project in Liberia.\n\n\n\nInferred resource increased to 2.4 billion tonnes of iron mineralisation\n at 34% Fe\n\n\nTest work on magnetite BIF indicates a high grade concentrate can be\n produced\n\n\nPotential for direct shipping ore exists to generate near term cash flow\n\n\nAggressive drilling campaign underway and expected to total >60,000m \n\n\nPotential for a further 1 to 2.5Bt below current modelled optimised pit\n shell\n\n\n\nLuis da Silva, Chief Executive of African Aura, commented:\n"The more than doubling of the resource at the Putu iron ore project in\n Liberia to 2.4Bt is further excellent news for African Aura's\n shareholders. The headline objective of African Aura and our joint\n venture partner Severstal Resources was a 2Bt tonne resource and I am\n very pleased that this has rapidly been achieved. We expect to upgrade\n this resource to the indicated category during 2011. The JV partners\n are mindful of the importance of moving t...