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Aura Energy Ltd - Australia-based minerals company - Notes completion of gravity surveying over Tasiast South tenements in Mauritania. Says the data will allow better definition of geology, the identification of structures likely to be of relevance to gold deposition and the possibility of direct detection of sulphide mineralisation on the nickel and cobalt targets.
Chief Executive Peter Reeve says: "We are very pleased to have completed the first of the planned field surveys on Tasiast South. The gravity survey will provide valuable gravity data which will guide future exploration, as we continue to advance this highly under-explored project, which represents some of the best under-explored greenstone belt targets in the world."
Current stock price: 4.81 pence; down 3.8% on Monday in London
Year-to-date change: down 39%
By Greg Roxburgh; gregroxburgh@alliancenews.com
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