Mineral exploration company African Aura Resources Ltd has received encouraging results from the Nkout iron ore prospect on its 1,000 square kilometre Djoum licence in southern Cameroon.
A total of 44 samples returned a maximum grade of 65 percent iron, and an average grade of 54 percent.
The Djoum licence is held by the company's wholly-owned subsidiary Caminex SARL. African Aura considers that the dimensions of Nkout and the surrounding hills represent a potentially economic iron deposit. The region around Djoum hosts a number of significant iron deposits including the 2.4 billion tonnes Mbalam deposit approximately 150 kilometres to the south east.
Said John Gray, chief executive officer of African Aura: “Nkout is strategically well located within a recognised iron ore province, close to existing infrastructure and lies between the 2.4 billion tonnes Mbalam iron deposit to the south east, and the site of a proposed deep water port at Kribi on the Atlantic coast.“
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