NEWS OUT!!!Aura Gold Intersects 5.34 g/t Gold Over 13 Metres at Cumaru Project
TORONTO, ONTARIO--(CCNMatthews - Feb. 26, 2007) - Aura Gold Inc. ("Aura Gold") (TSX:ORA) is pleased to announce the initial reconnaissance drill results from three holes from its Cumaru Project located in Para State, north-central Brazil. Significant intercepts include 5.34 g/t gold over 13 metres returned from hole CMD 02, which incorporates a high-grade intercept of 44.17 g/t gold over 1 metre. Diamond drilling is continuing on the minimum 3000 metre program.
Hole CMD 02 was collared in the Cumaru granodiorite stock to test the Gradaus target, located approximately 250 metres northeast along strike with artisanal workings (see Drill Target Map below). The hole is also on strike with mineralization reported in historic drilling below the Gradaus open pit mine. Results are tabled below:
------------------------------------------------- From To Interval(i) Value (m) (m) (m) (g/t Au)------------------------------------------------- 61.0 74.0 13.0 5.34including 68.0 69.0 1.0 44.17------------------------------------------------- 86.0 89.0 3.0 2.40------------------------------------------------- 106.0 107.0 1.0 2.32-------------------------------------------------(i) the true width of the intervals is unknown
Gold mineralization in hole CMD 02 is associated with up to 3% disseminated pyrite and numerous clots, fractures and veinlets of massive chalcopyrite and magnetite up to 1 centimetre in width. Gold appears to correlate closely with magnetite and chalcopyrite. The mineralized interval contains between 0.18 to 0.48% copper and locally anomalous amounts of bismuth (up to 1946 ppm) and cobalt (235 ppm). Gold mineralization is hosted in a broad zone of strongly pervasive phyllic, propylitic and locally intense potassic alteration. The mineralization style and alteration features suggest Cumaru may host potential for a porphyry-related or iron oxide-copper-gold (IOCG) deposit, similar to those in the renowned Carajas region.
Aura Gold is continuing to drill additional step-out drill holes to confirm the orientation and continuity of this promising new gold zone. Three additional holes have been completed (CMD 04, CMD 05 and CMD 10; assays pending) and others are planned. Preliminary drilling has also tested the Daniel target (CMD 07, CMD 08 and CMD 09; assays pending