VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 22, 2009) – Aura Minerals Inc. (“Aura Minerals” or the “Company”) (TSX:ORA) is pleased to report that the Company’s Brazilian subsidiary, Mineracao Vale Verde Ltda., has submitted its Installation License (“LI”) application to the Alagoas State Environmental Agency for the Serrote da Laje deposit (“Serrote”) at the Arapiraca Project. The LI is the final license required to allow Serrote to proceed to construction. The local state authorities have been kept fully appraised of all work leading up to the LI submittal and it is expected that the formal review process will take approximately 90 days.
Mr. Patrick Downey, President and CEO of Aura Minerals, stated, “We are very pleased to have achieved this very important milestone in the development process at Serrote. Our team has worked extremely hard to complete all work for the submission of the LI application within 18 months of acquiring the Arapiraca Project. We fully expect to receive the LI during the first half of 2009. Having a fully permitted project in a very mining friendly jurisdiction, with its excellent infrastructure, will add significant value to the Arapiraca Project and will enable the Company to continue to accelerate the Arapiraca Project development towards production.”
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 Aranzazu copper mine in Mexico, 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.
For further information, please visit Aura Minerals’ website at www.auraminerals.com.
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.
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