September 19, 2008

Post in News by Admin

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Sept. 18, 2008) – Aura Minerals Inc. (“Aura Minerals” or the “Company”) (TSX:ORA) is pleased to release additional drill hole results from its wholly owned Aranzazu Property in Zacatecas State, Mexico (the “Property”).

This fourth batch of drill holes (see Maps 1, 2, 3 and 4 attached) was completed in 2007/08 as part of a 40,000 metre drill program prior to Aura Minerals’ acquisition of the Property.

To view Map 1 please click on the following link: http://media3.marketwire.com/docs/aur918a.pdf

To view Map 2 please click on the following link: http://media3.marketwire.com/docs/aur918b.pdf

To view Map 3 please click on the following link: http://media3.marketwire.com/docs/aur918c.pdf

To view Map 4 please click on the following link: http://media3.marketwire.com/docs/aur918d.pdf

These most recent results (see Table 1 – Batch 4 – Assays, attached) include two new zones on either end of the known extent of the current resource. Of particular interest is the discovery of a new zone termed the “BW Extension” which is proximal to the high-grade BW zone (less than 100 metres) that Aura Minerals is currently developing as part of the 2009 mine plan. The BW Extension zone was drilled from an underground drill station located in the BW development adit.

Highlights from the BW Extension include:

– Hole 53450-12 which returned 33.53 metres of 6.54% Cu, 0.86 g/t Au and 87.70 g/t Ag;

– Hole 53450-13B which returned 28.00 metres of 2.68% Cu, 0.38 g/t Au and 40.43 g/t Ag; and

– Hole 53450-14 which returned 7.85 metres of 3.09% Cu, 0.58 g/t Au and 38.30 g/t Ag.

Results have also been received from drilling on the eastern extensions of the ore body – referred to as the Cabrestante and Catarroyo zones.

Results from these eastern zones indicate the presence of similar high-grade chutes to recently released results on the western part of the skarn mineralization (see News Release Nos. 2008-10, 2008-20, 2008-23 dated May 7, 2008, August 4, 2008 and September 18, 2008, respectively). These new chutes also show excellent down dip continuity. Of significant interest is the discovery of a new zone to the west of the Catarroyo zone.

Highlights from this new zone include:

– Hole 23275-3 which returned 15.24 metres of 3.09% Cu, 1.30 g/t Au and 70.67 g/t Ag;

– Hole 54600-2 which returned 6.20 metres of 2.64% Cu, 1.08 g/t Au and 27.41 g/t Ag; and

– Hole 23550-3 which returned 8.00 metres of 3.10% Cu, 0.83 g/t Au and 31.85 g/t Ag.

Highlights from the Cabrestante and Catarroyo zones include:

– Hole 23625-2 which returned 20.71 metres of 1.79% Cu, 0.50 g/t Au and 17.85 g/t Ag;

– Hole 54650-11 which returned 18.00 metres of 4.38% Cu, 3.80 g/t Au and 69.71 g/t Ag and a further 6.00 metres of 2.53% Cu, 1.96 g/t Au and 36.50 g/t Ag;

– Hole 23275-3 which returned 15.24 metres of 3.09% Cu, 1.30 g/t Au and 70.67 g/t Ag;

– Hole 23550-2 which returned 10.77 metres of 2.65% Cu, 0.53 g/t Au and 34.61 g/t Ag;

– Hole 23550-3 which returned 8.00 metres of 3.10% Cu, 0.83 g/t Au and 31.85 g/t Ag;

– Hole 54600-2 which returned 6.20 metres of 2.64% Cu, 1.08 g/t Au and 27.41 g/t Ag;

– Hole 54685-5 which returned 26.64 metres of 2.22% Cu, 0.61 g/t Au and 55.03 g/t Ag; and

– Hole 54685-6 which returned 70.00 metres of 2.03% Cu, 0.61 g/t Au and 29.72 g/t Ag.

Commenting on these results, Mr. Patrick Downey, President and CEO of Aura Minerals, stated, “These results continue to confirm our belief that the Property will be a large high-grade multi-metal underground operation. Drilling to date in the Cabrestante and Catarroyo zones is of much less density than the Arroyos Azules and Mid zones where several high-grade chutes have been defined, some to a depth of over 500 metres. We therefore plan significantly more drilling in these eastern zones including further drilling in the newly discovered zone to the west of Catarroyo zone.

Furthermore, the discovery of the BW Extension could have near term economic impact as it is adjacent to the BW zone where mine development is underway, with mining to commence in late 2008. We now plan to extend the development drift to this extension zone to further explore these very high-grade shallow intercepts and define potential areas for mining in 2009.”

Table 1 – Batch 4 – Assays

————————————————————————–
Azi- Inter- Cu
muth Dip From To val (1) (2) Au Ag
(deg- (deg- (met- (met- (met- (4) (3) (3)
Hole # North East rees) rees) res) res) res) (%) (g/t) (g/t)
————————————————————————–
BW Extension (Map 2 attached)
————————————————————————–
53450-12 253468 2724372 30 -80 0.00 33.53 33.53 6.54 0.86 87.70
————————————————————————–
53450-13B 253468 2724372 45 -10 0.00 28.00 28.00 2.68 0.38 40.43
————————————————————————–
53450-14 253468 2724372 45 -60 0.00 7.85 7.85 3.09 0.58 38.30
————————————————————————–
Cabrestante (Map 3 attached)
————————————————————————–
23625-1 254834 2723618 270 -65 42.06 62.77 20.71 1.79 0.50 17.85
————————————————————————–
23625-2 254835 2723619 270 -80 48.46 63.70 15.24 0.55 0.00 7.84
————————————————————————–
254835 2723619 270 -80 149.05 167.34 18.29 1.95 3.99 29.73
————————————————————————–
23700-2 254644 2723710 90 -75 150.07 156.00 5.93 1.78 0.88 59.22
————————————————————————–
254644 2723710 90 -75 188.00 194.00 6.00 0.71 0.96 36.90
————————————————————————–
254644 2723710 90 -75 202.00 208.00 6.00 0.86 1.91 41.20
————————————————————————–
254644 2723710 90 -75 234.00 240.00 6.00 0.95 0.98 28.37
————————————————————————–
254644 2723710 90 -75 326.00 332.00 6.00 1.37 2.06 31.17
————————————————————————–
23700-3 254640 2723709 270 -60 98.00 110.25 12.25 0.85 1.31 7.55
————————————————————————–
254640 2723709 270 -60 126.00 144.00 18.00 0.67 1.29 7.28
————————————————————————–
23700-4 254646 2723714 270 -80 101.15 108.00 6.85 1.08 1.04 7.22
————————————————————————–
23775-1 254566 2723781 90 -60 100.00 106.00 6.00 0.83 2.19 44.08
————————————————————————–
23775-2 254566 2723781 90 -80 256.00 272.00 16.00 0.71 0.78 11.48
————————————————————————–
23775-2 254566 2723781 90 -80 348.00 356.00 8.00 0.88 0.82 11.88
————————————————————————–
254566 2723781 90 -80 368.00 381.50 13.50 1.17 0.36 11.20
————————————————————————–
23775-3 254563 2723781 270 -60 86.00 92.00 6.00 2.04 1.15 0.79
————————————————————————–
23775-3 254563 2723781 270 -60 196.00 202.00 6.00 2.24 0.16 0.80
————————————————————————–
254563 2723781 270 -60 212.00 218.00 6.00 0.99 0.28 0.43
————————————————————————–
23775-4 254563 2723781 270 -80 168.00 174.00 6.00 1.00 0.63 8.23
————————————————————————–
54575-2 254580 2723953 180 -60 186.75 196.00 9.25 2.05 1.34 78.13
————————————————————————–
254580 2723953 180 -60 244.70 258.00 13.30 1.18 1.03 25.12
————————————————————————–
54575-3 254580 2723954 225 -70 268.58 292.00 23.45 1.18 1.48 18.70
————————————————————————–
54575-5 254563 2723780 180 -80 42.35 52.00 9.65 0.77 0.98 12.12
————————————————————————–
254563 2723780 180 -80 58.90 66.00 7.10 0.82 1.73 26.99
————————————————————————–
54575-6 254563 2723780 180 -60 48.00 56.00 8.00 0.97 1.58 9.65
————————————————————————–
254563 2723780 180 -60 76.00 88.00 12.00 0.63 0.84 6.25
————————————————————————–
54575-7 254563 2723778 0 -80 23.00 30.85 7.85 0.83 0.23 4.88
————————————————————————–
254563 2723778 0 -80 194.00 202.00 8.00 1.33 1.81 32.51
————————————————————————–
254563 2723778 0 -80 218.00 266.00 48.00 1.25 1.28 22.56
————————————————————————–
54625-4 254619 2724023 225 -80 216.00 224.00 8.00 0.93 0.33 8.92
————————————————————————–
54650-4 254641 2723711 0 -90 124.00 130.00 6.00 3.76 2.96 65.78
————————————————————————–
54650-5 254641 2723712 0 -70 136.00 142.00 6.00 0.95 1.05 80.67
————————————————————————–
254641 2723712 0 -70 306.00 313.97 7.97 0.85 0.95 71.00
————————————————————————–
54650-8 254646 2723710 135 -70 248.00 254.50 6.50 0.87 0.45 7.31
————————————————————————–
54650-10 254635 2723712 225 -65 84.00 94.00 10.00 1.86 1.15 16.62
————————————————————————–
54650-11 254637 2723713 250 -65 96.00 114.00 18.00 4.38 3.80 69.71
————————————————————————–
254637 2723713 250 -65 186.00 192.00 6.00 2.53 1.96 36.50
————————————————————————–
Catarroyo (Map 4 attached)
————————————————————————–
23275-3 254559 2723285 90 -80 112.47 127.71 15.24 3.09 1.30 70.67
————————————————————————–
23300-1 254589 2723291 315 -60 54.00 60.35 6.35 1.59 0.34 32.12
————————————————————————–
23300-4 254593 2723291 90 -90 48.00 54.25 6.25 1.06 0.42 25.37
————————————————————————–
23550-2 254736 2723562 135 -70 243.23 254.00 10.77 2.65 0.53 34.61
————————————————————————–
23550-3 254559 2723285 40 -70 232.00 238.00 6.00 1.06 0.54 5.67
————————————————————————–
254559 2723285 40 -70 334.00 340.00 6.00 1.16 0.29 9.30
————————————————————————–
23550-3 254559 2723285 40 -70 348.00 356.00 8.00 0.85 0.19 10.73
————————————————————————–
254559 2723285 40 -70 376.00 384.00 8.00 3.10 0.83 31.85
————————————————————————–
23550-4 254559 2723285 40 -62 206.65 222.00 15.35 1.97 1.10 16.80
————————————————————————–
54525-1 254553 2723282 0 -90 60.00 69.49 9.49 0.80 0.31 20.12
————————————————————————–
54600-1 254594 2723293 0 -60 23.82 44.00 20.18 0.94 0.33 8.11
————————————————————————–
54600-2 254594 2723293 0 -75 55.80 62.00 6.20 2.64 1.08 27.41
————————————————————————–
54650-3 254683 2723355 90 -75 286.00 292.00 6.00 0.79 0.15 13.00
————————————————————————–
54675-1 254669 2723499 315 -90 146.00 158.00 12.00 1.36 0.56 6.73
————————————————————————–
54675-4 254669 2723497 180 -70 122.00 128.00 6.00 1.58 0.85 22.32
————————————————————————–
54685-4 254698 2723339 135 -60 68.00 76.59 8.59 0.65 1.38 5.42
————————————————————————–
54685-5 254698 2723339 135 -75 108.77 116.00 7.23 0.86 0.26 18.87
————————————————————————–
254698 2723339 135 -75 172.00 182.00 10.00 0.68 0.56 21.29
————————————————————————–
254698 2723339 135 -75 294.00 300.00 6.00 0.89 0.30 7.87
————————————————————————–
254698 2723339 135 -75 310.00 336.64 26.64 2.22 0.61 55.03
————————————————————————–
54685-6 254695 2723395 160 -75 108.80 116.00 7.20 1.11 0.23 17.14
————————————————————————–
254695 2723395 160 -75 168.00 238.00 70.00 2.03 0.61 29.72
————————————————————————–
254695 2723395 160 -75 272.00 280.00 8.00 0.61 0.16 5.05
————————————————————————–
254695 2723395 160 -75 312.00 318.00 6.00 0.99 0.68 21.43
————————————————————————–
54685-8 254695 2723395 0 -90 100.00 106.38 6.38 1.78 0.28 4.27
————————————————————————–
254695 2723395 0 -90 184.00 212.00 28.00 0.97 0.27 7.19
————————————————————————–
(1) true width has yet to be determined
(2) using a copper cutoff grade 0.5%
(3) fire assay and atomic absorption finish
(4) atomic absorption

 

National Instrument 43-101 (“NI 43-101”) Disclosure

Prior to the acquisition of the Property by Aura Minerals, Dr. Greg Meyers, who is a Qualified Person as defined by NI 43-101, supervised all exploration activities during the 2007/08 drilling campaign. Core samples were logged, photographed and half split for assaying. Assays were completed at the Inspectorate Laboratory in Reno, Nevada, with all sample preparation completed at the Inspectorate facility in Durango, Mexico. Selected pulps were sent to ALS Chemex in Vancouver, Canada for check assays.

All of these procedures and the data has been reviewed by Mr. Anthony P. George, B.Sc.(Hons), P.Eng., who is the Company’s Qualified Person as defined by NI 43-101. Mr. George has also 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 Project in north-eastern Brazil, which was originally explored in the 1980’s and 1990’s for copper and gold. The project also contains magnetite (up to 50%) and nickel and the Company plans to evaluate the Arapiraca Project for all four metals which can be readily extracted. The nearby infrastructure is excellent with ready access to electricity, water 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