TSX : AUE
AIM : AUE
TORONTO, Feb. 3, 2014 /CNW/ - Aureus Mining Inc. ("Aureus" or the
"Company"), the TSX (AUE) and AIM (AUE) listed exploration and
development Company focused on gold in sub-Saharan Africa, confirms
that, on 3 February 2014, its capital consisted of 252,685,668 common
shares with voting rights. On that date, no shares were held in
treasury. The total number of voting rights in the Company is,
therefore, 252,685,668.
The above figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in Aureus
Mining Inc. under the FCA's Disclosure and Transparency Rules.
About Aureus Mining Inc
The Company's assets include the New Liberty gold deposit in Liberia
(the "New Liberty Gold Project" or the "Project"), which has an
estimated proven and probable reserve of 924,000 ounces of gold grading
3.4 g/t and an estimated measured and indicated mineral resource of
1,143,000 ounces of gold grading 3.63 g/t and an estimated inferred
mineral resource of 593,000 ounces of gold grading 3.2 g/t. A
Definitive Feasibility Study has been completed on the Project and
construction has commenced with initial earthworks. The Project is
expected to have an 8 year mine life and annual production of 119,000
ounces for the first 6 years of production. The Company has financed
the Project's equity and debt funding requirement.
The New Liberty Gold Project is located within the Southern Block of the
100% owned Bea Mountain mining licence. This licence covers 457 km² and
has a 25 year, renewable, mineral development agreement. The Northern
Block of the Bea Mountain mining license also hosts additional gold
projects of Ndablama, Gondoja and Weaju, which are the focus of
exploration programs during 2013. Ndablama has an inferred mineral
resource of 451,000 ounces of gold grading 2.1 g/t and Weaju has an
inferred mineral resource of 178,000 ounces of gold grading 2.1
g/t. The Archaen Gold exploration licence, which covers 89 km², is also
a focus of exploration for 2013, with Leopard Rock being the main
target. The Yambesei (759 km2), Archaen West (112.6 km2), Mabong (36.6 km2) and Mafa West (15.6 km2) licences will also be subject to preliminary reconnaissance geological
work.
The Company also has gold exploration permits in Cameroon.
Forward-looking Statements
This press release contains certain forward-looking information. All
information, other than information regarding historical fact, that
addresses activities, events or developments that Aureus Mining
believes, expects or anticipates will or may occur in the future is
forward-looking information. Forward-looking information contained in
this press release includes, but may not be limited to, the future
plans and objectives of Aureus Mining and their anticipated future
growth, mineral resource estimates and the anticipated exploration and
development activities of Aureus Mining. The foregoing and any other
forward-looking information contained in this press release reflects
the current expectations, assumptions or beliefs of Aureus Mining based
on information currently available to Aureus Mining. With respect to
the forward-looking information contained in this press release, Aureus
Mining has made assumptions regarding, among other things: general
business, economic and mining industry conditions; and it has also been
assumed that no material adverse change in the price of precious and/or
base metals occurs, no unusual geological or technical problems occur
and no significant events occur outside of the normal course of Aureus
Mining's respective business.
Such forward-looking information is subject to a number of risks and
uncertainties that may cause actual results or events to differ
materially from current expectations, including: risks normally
incidental to exploration and development of mineral properties;
uncertainties in the interpretation of results from drilling and test
work; the possibility that future exploration, development or mining
results will not be consistent with expectations; uncertainty of
mineral resources estimates; adverse changes in precious and/or base
metal prices; and future unforeseen liabilities and other factors
including, but not limited to, those listed under "Risk Factors" in the
Annual Information Form of Aureus Mining Inc. dated March 20, 2013 a
copy of which is available on SEDAR at www.sedar.com, and in the Aureus
Mining Admission Document, a copy of which is available at
www.aureus-mining.com.
Any mineral resource figures referred to in this press release are
estimates and no assurances can be given that the indicated levels of
minerals will be produced. Such estimates are expressions of judgment
based on knowledge, mining experience, analysis of drilling results and
industry practices. Valid estimates made at a given time may
significantly change when new information becomes available. While
Aureus Mining believes that the mineral resource estimates in respect
of their respective properties are well established, by their nature
mineral resource estimates are imprecise and depend, to a certain
extent, upon statistical inferences which may ultimately prove
unreliable. If such mineral resource estimates are inaccurate or are
reduced in the future, this could have a material adverse impact on
Aureus Mining, as applicable. Due to the uncertainty that may be
attached to inferred mineral resources, it cannot be assumed that all
or any part of an inferred mineral resource will be upgraded to an
indicated or measured mineral resource as a result of continued
exploration.
Forward-looking information speaks only as of the date on which it is
made and, except as may be required by applicable law, Aureus Mining
disclaims any obligation to update or modify such forward-looking
information, either as a result of new information, future events or
for any other reason.
SOURCE Aureus Mining Inc.
<p> <b>Aureus Mining Inc. </b><br/> David Reading / Paul Thomson<br/> Tel: +44(0) 20 7010 7690 </p> <p> <b>Buchanan </b><br/> Bobby Morse / Gordon Poole<br/> Tel: +44(0) 20 7466 5000 </p> <p> <b>Numis Securities Limited (Nominated Adviser and Joint Broker)</b><br/> John Prior / James Black<br/> Tel: +44(0) 20 7260 1000 </p> <p> <b>GMP Securities Europe LLP (Joint Broker) </b><br/> Richard Greenfield / Alexandra Carse<br/> Tel: +44(0) 20 7647 2800 </p>