Proactiveinvestors recommends
Additional Information
Market:ASX
Sector:General Mining
EPIC:AEE
Latest Price: 0.14  (0.00%)
52-week High:0.34
52-week Low:0.13
Market Cap:21.62M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
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.

Pdf

Aura Energy's resource drilling at Storsjön project confirms thick uranium mineralisation

Tuesday, July 06, 2010 by Proactive Investors
Aura Energy's resource drilling at Storsjön project confirms thick uranium mineralisation

Uranium-focussed Aura Energy (ASX: AEE) has received final assays from drilling of the remaining holes at the Storsjön Uranium‐Molybdenum‐Vanadium Project located in Sweden - and the results did not disappoint, confirming thick continuous mineralisation over 5km2 of the project.

The assay results from the remaining 19 holes have confirmed the visual observations that uranium‐molybdenum‐vanadium‐nickel‐zinc mineralisation occurs in a continuous thick sheet throughout the area.

The intersections vary from 25 metres to more than 229 metres in thickness. One drill hole, 31‐10, contains mineralisation from surface to the bottom of the hole at 249 metres, excepting two, six metre, limestone bands.

The average thickness of mineralisation in all drill holes completed in 2008 and 2010 within Aura’s Häggån permit is 108 metres. The permit has an area of 18 square kilometres.

A new area of very thick mineralisation from surface has been identified.

The assays included Hole HG029, which returned an intercept of 105.57m at 160ppm U308 from 98.89m to 204.46m, while Hole HG037 returned an intercept of 115.37m from 72.63m to 188m at 185ppm U308 and Hole HG031 returned 111.16m from 138m to 249.16m at 146ppm U308.

The assay data for all of Aura’s drilling has been provided to the resource consultants, Hellman and Schofield, to estimate an inferred resource.

The estimate is anticipated to be received by Aura before the end of July.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.