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Market:ASX
Sector:General Mining
EPIC:AEE
Latest Price: 0.15  (0.00%)
52-week High:0.34
52-week Low:0.13
Market Cap:22.39M
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Aura Energy Full Aura Energy profile here

Aura Energy (ASX: AEE) is a uranium explorer with advanced projects in Sweden, West Africa and Australia. The company is focusing on two main projects: the Storsjön Project located in Sweden’s Alum Shale Province, one of the largest depositories of uranium in the world; and the highly prospective Reguibat Project in Mauritania. 

 

Aura Energy’s main projects in Sweden are based on the Alum Shales, which have been historically known as one of the largest depositories of uranium in the world. Aura Energy has exploration permits and applications in three regions in west Africa: the Reguibat Craton in Mauritania, the Mauritanide Fold belt in Mauritania, and the Tim Mersoi Basin in Niger.

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Aura Energy eyes U3O8 JORC Resource at Reguibat after continued high grade results

Friday, July 01, 2011 by John Phillips
Aura Energy eyes U3O8 JORC Resource at Reguibat after continued high grade results

Aura Energy (ASX: AEE) continues to confirm the extensive nature of the calcrete uranium mineralisation at the Reguibat Project in Mauritania, with the final results from the company's major resource drilling program.

The latest high grade intercepts included:

- 4.5 metres at 1076 parts per million (ppm) U3O8 from 1 metre;
- 6.0 metres at 1356ppm U3O8 from surface;
- 3.0 metres at 1303ppm U3O8 from 3 metres; and
- 4.0 metres at 1409ppm U3O8 from surface.

Importantly for the news flow of Aura - the company said a JORC Resource estimate is expected early July 2011, to be conducted by Coffey Mining.

Bob Beeson, managing director, is very encouraged by the latest results and said “We are very pleased that we have continued to intersect strong uranium mineralisation throughout our main target areas and we are confident we can establish a resource.'

The positive of the latest hits are that they are in line with previous results and support the potential for the project envisaged by Aura at the completion of the 2010 drill program.

The program was extensive, covering more than 2000 holes, with the majority at Reguibat.

Drilling covered all of Aura’s wholly owned permits as well as the joint venture permits for over 9,100 metres.

The U308 exploration target at Reguibat is 40 to 60 million pounds, with the company's permits covering an extensive 8400 square kilometres.

 

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