from reading15 Apr 2009 14:42
Additions to the Mano Portfolio Post Transaction
Iron Project
A 100% interest in the 12km long Nkout iron project in southern Cameroon being advanced by African Aura. The project is defined by airborne geophysical data and geological mapping, with drill testing scheduled to commence in May 2009. Reconnaissance sampling undertaken by African Aura along a 5km section of the prospect returned an average grade of 54% iron and a maximum of 65% iron from hematitic banded iron and itabarite formations.
Gold Project
A 100% interest in the Batouri gold project in western Cameroon being advanced by African Aura. Sixty six holes of an initial resource drilling programme have been completed to date which defines a significant gold stockwork system covering an area up to 500m wide along 3 km of strike. Intersections to date include 132g/t Au over 1.0m and 49g/t Au over 1.5m.
Uranium Projects
A 70% interest in Ridgeway Energy Ltd which holds a total of 3,480km2 across four exploration licences in Cameroon. Mapping by the BRGM and reconnaissance exploration by African Aura have indicated the potential for new uranium discoveries.