September 22, 2008

Post in News by Admin

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Sept. 22, 2008) – Aura Minerals Inc. (“Aura Minerals” or the “Company”) (TSX:ORA) is pleased to release the first set of 21 drill results from the Caboclo target located within the Company’s wholly owned Arapiraca Property in Alagoas State in north eastern Brazil.

The Caboclo target, located 15 kilometres to the north of the main Serrote da Laje deposit (“Serrote”), was drilled in the 1990’s by Companhia Vale do Rio Doce (“Vale”), which identified a number of shallow copper/gold iron ore targets, based on 18 drill holes.

This follow-up drilling by Aura Minerals was designed to better define these targets and test additional “blind” targets in the Caboclo area. The area itself is much larger than Serrote, covering some 12 square kilometres, with little or no surface exposure. This drilling campaign was very successful with over 80% of the drill holes intercepting mineralization. Drilling both confirmed the extension of the targets drilled by Vale and defined a new target some 1,000 metres from any previous drilling (see Hole CBCR-19 on Drill Hole Map 1 attached).

To view Drill Hole Map 1 please click on the following link: http://media3.marketwire.com/docs/ora922.pdf

Highlights from this recent drilling:

– Hole CBCR-19 which returned 28.35 metres of 0.52% Cu, 15.58% Fe, 0.06 g/t Au and 0.08% Ni;

– Hole CBCR-22 which returned 64.80 metres of 0.53% Cu, 13.64% Fe, 0.10 g/t Au and 0.08% Ni;

– Hole CBCR-39 which returned 41.00 metres of 0.70% Cu, 24.48% Fe, 0.21 g/t Au and 0.15% Ni;

– Hole CBCR-40 which returned 20.59 metres of 0.54% Cu, 16.20% Fe, 0.21 g/t Au and 0.10% Ni; and

– Hole CBCP-42 which returned 20.22 metres of 0.48% Cu, 12.43% Fe, 0.14 g/t Au and 0.07% Ni.

Commenting on these results, Mr. Patrick Downey, President and CEO of Aura Minerals, stated, “This follow-up drilling to the historical Vale drilling has both expanded the ongoing Caboclo targets and has intercepted completely new “blind” targets. The Caboclo target area is extremely large at over 12 square kilometres and hole CBCR-19 intercepted a new target area approximately 1,000 metres from any previous drilling. Furthermore, all drilling is at or near surface suggesting excellent potential for large open-pit resources that will add to the current Serrote tonnage. Follow-up drilling is underway with two drill rigs and we look forward to further encouraging results in 2008/09.”

Table 1 – Caboclo Assays (see Drill Hole Map 1 attached)

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Azi- Inter-
muth val Cu Au
(de- Dip From To (1) (2) (3) Fe Ni
gr- (deg- (met- (met- (met- (4) (4) (5) (5)
Hole # North East ees) rees) res) res) res) (%) (g/t) (%) (%)
————————————————————————–
CBCR-19 744355 8945650 360 -60 81.58 109.93 28.35 0.52 0.06 15.58 0.08
————————————————————————–
CBCR-22 744805 8944525 360 -60 23.40 88.20 64.80 0.53 0.10 13.64 0.08
————————————————————————–
CBCR-23 744730 8944440 360 -60 13.55 24.53 10.98 0.88 0.11 4.50 0.01
————————————————————————–
360 -60 101.49 125.00 23.51 0.20 0.02 9.14 0.03
————————————————————————–
CBCR-24 744355 8944345 360 -60 177.72 195.09 17.37 0.21 0.02 7.07 0.03
————————————————————————–
CBCR-25 744605 8944275 360 -60 151.00 164.00 13.00 0.36 0.01 9.98 0.02
————————————————————————–
CBCA-26 744775 8943725 360 -60 5.75 20.36 14.61 0.34 0.21 26.20 0.13
————————————————————————–
CBCA-27 744755 8943540 360 -60 22.00 25.09 3.09 0.47 0.21 18.53 0.13
————————————————————————–
230 -60 75.00 77.34 2.34 0.20 0.03 12.71 0.02
————————————————————————–
CBCP-28 745387 8944890 230 -60 34.80 42.28 7.48 0.34 0.07 9.21 0.04
————————————————————————–
CBCP-29 745355 8945125 230 -60 87.70 98.61 10.91 0.25 0.07 8.56 0.03
————————————————————————–
CBCP-30 745455 8945310 230 -60 18.15 55.15 37.00 0.37 0.13 14.25 0.06
————————————————————————–
CBCM-32 745355 8946290 230 -60 27.83 66.00 38.17 0.25 0.05 12.73 0.04
————————————————————————–
CBCM-33 745606 8946310 230 -60 7.27 38.58 31.31 0.25 0.08 13.88 0.04
————————————————————————–
230 -60 155.00 165.00 10.00 0.20 0.10 9.17 0.01
————————————————————————–
CBCM-34 745305 8946475 230 -60 27.00 34.00 7.00 0.20 0.01 6.88 0.01
————————————————————————–
310 -60 68.71 89.39 20.68 0.40 0.15 20.75 0.11
————————————————————————–
CBCM-35 745456 8946475 310 -60 27.40 31.76 4.36 0.55 0.13 20.70 0.09
————————————————————————–
270 -60 35.00 53.00 18.00 0.27 0.11 16.55 0.07
————————————————————————–
CBCM-36 745405 8946400 360 -60 49.10 55.32 6.22 0.20 0.06 8.70 0.03
————————————————————————–
CBCZ-38 746693 8944800 360 -60 20.52 30.00 9.48 0.21 0.07 7.11 0.04
————————————————————————–
360 -60 125.00 137.00 12.00 0.20 0.10 8.00 0.01
————————————————————————–
CBCL-39 746826 8944910 360 -60 11.00 52.00 41.00 0.70 0.21 24.84 0.15
————————————————————————–
360 -60 3.00 52.00 49.00 0.59 0.17 21.40 0.13
————————————————————————–
CBCL-40 746706 8944853 360 -60 1.41 22.00 20.59 0.54 0.21 16.20 0.10
————————————————————————–
360 -60 79.00 82.00 3.00 0.22 0.04 9.28 0.03
————————————————————————–
CBCR-41 744762 8944738 360 -60 5.00 19.77 14.77 0.35 0.18 32.86 0.18
————————————————————————–
230 -60 144.73 147.27 2.54 0.21 0.03 10.00 0.02
————————————————————————–
CBCP-42 745283 8945155 230 -60 7.78 28.00 20.22 0.48 0.14 12.43 0.07
————————————————————————–
230 -60 50.17 64.48 14.31 0.54 0.06 12.65 0.06
————————————————————————–
CBCZ-45 746762 8944782 230 -60 2.00 16.00 14.00 0.64 0.12 14.22 0.06
————————————————————————–
(1) true width has yet to be determined
(2) using a copper cutoff grade 0.2%
(3) fire assay
(4) atomic absorption
(5) inductively coupled plasma (“ICP”)

 

Quality Assurance and Quality Control (“QA/QC”) Procedures

The Company’s diamond drilling program is being conducted by Geosol-Geologia e Sondagens Ltda. The core is measured, logged, photographed and then split in half using a core saw. Half the core is retained on-site in a secure storage facility and the other half is processed through the on-site sample preparation facility under the supervision of SGS-Geosol Laboratorios Ltda. (“SGS-Geosol”). The entire half-core is crushed and pulverized and 150 gram splits of this pulp are sent directly by SGS-Geosol to their main ISO-accredited assay laboratory in Belo Horizonte, Minas Gerais State, Brazil. At this laboratory, samples are analyzed by ICP multi-element analysis (35 elements are reported); Cu is additionally analysed by acid digestion and Atomic Absorption (“AA”) finish; Fe over 40% is assayed by X-Ray Refraction; and the gold, palladium and platinum content is determined by fire assay with an AA finish. Aura Minerals sends check samples to ALS Chemex and systematically puts certified standard samples and blank samples in all batches of samples sent to SGS-Geosol as a means of quality control. Additionally, SGS-Geosol has its own stringent internal QA/QC protocols.

Quality Control

Mr. Carlos H. Bertoni, M.Sc. & P.Geo., who is the Company’s Qualified Person as defined by National Instrument 43-101, has reviewed and approved the contents of this news release as applicable.

About Aura Minerals Inc.

Aura Minerals is a Canadian resource company focused on the acquisition, exploration, development and operation of mining properties in the Americas. In addition to the Company’s newly acquired Aranzazu Property, the Company owns the advanced stage Arapiraca Property in north-eastern Brazil, which was originally explored in the 1980’s and 1990’s for copper and gold. The property also contains magnetite (up to 50%) and nickel and the Company is conducting a feasibility study of the Serrote da Laje deposit for all four metals which can be readily extracted. The nearby infrastructure is excellent with ready access to roads, rail and shipping ports.

Cautionary Statement:

This news release contains forward-looking statements that are not historical facts. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include those risks set out in Aura Minerals’ public documents filed on SEDAR at www.sedar.com. Although Aura Minerals believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Aura Minerals disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

For more information, please contact

Aura Minerals Inc.
Patrick Downey
President & Chief Executive Officer
(604) 669-4777
(604) 696-0212 (FAX)
Email: info@auraminerals.com
Website: www.auraminerals.com