21st Sep 2021 07:01
Aura Energy Ltd - Australian exploration company focussed on Sweden and Mauritania - Continues to progress field activities on several fronts for the advancement of the Tiris uranium project and Tasiast South gold project, both in Mauritania.
"The current water drilling program at the Tiris uranium project has continued to deliver results consistent with the water drilling undertaken by Aura in 2019. With good water flow rates achieved from the first hole, the company is very confident in the process it has developed for identifying and targeting the water bearing structures and we aim to continue testing further targets, as Aura further develops the project and advances towards near term production," says Managing Director Peter Reeve.
Elsewhere, Aura says the initial induced polarisation survey on its Tasiast South gold project responded well, but in the southern gold tenements the technique was less effective. Subsequently, the company has now mobilised a drilling crew for an augur drilling program in that area. This will test targets and structures identified by the gravity survey and is expected to generate targets for deeper reverse circulation and diamond drilling.
Current stock price: 15.40 pence
Year-to-date change: multiplied from 3.47p on December 31
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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