Aura Energy, the uranium development company focused on developing projects in Africa and Europe towards production, has noted the exceptionally strong gold exploration results achieved by Algold Resources at its Tijirit gold exploration prospect in Mauritania.
Aura's prospects cover portions of the Tasiast and Tijirit Greenstone Belts adjoining the Algold tenement and have been only lightly explored by one other company which suspended activities despite having located zones of significant gold mineralisation.
Members of Aura's current technical team were involved in this previous work and are well acquainted with the area.
Executive chairman Peter Reeve said: "Aura remains extremely optimistic about its recently acquired gold prospects in Mauritania. The exceptional gold exploration results of Algold, and in the region generally, are compelling for the future of Aura's gold exploration program given the similarity in the geological setting of each company's tenements and the very limited exploration of these extensive greenstone belt packages.
"With the large Tasiast Gold Mine on the same belt just north of our project, and a maiden gold resource and very positive drilling results emerging on the Algold ground, the potential for multi-million ounce discoveries, in the eyes of our technical people, is high."
At 9:25am: (LON:AURA) Aura Energy Limited Ord Npv Di share price was +0.28p at 2.03p