Aureus Mining Bea Mountain mining license to include Leopard Rock

Aureus Mining Incorporated has announced its Bea Mountain mining license in Liberia has been enlarged to include the Leopard Rock gold target.

The Company has reported that the Bea Mountain mining license has been increased from 457 kilometres2 to 478 kilometres2.

The 13 kilometres of mineralised gold corridor from the Gondoja target to the Leopard Rock South target including  the Ndablama target now falls within the Bea Mountain mining licence.

The expansion of the license will allow Aureus Mining to develop the whole mineralised gold corridor under the same terms as outlined in the Mineral Development Agreement, subject to the granting of an Environmental Permit.

Only one of the eight gold targets outlined within the 13 kilometre corridor has been drill tested to a resource level. Previous drilling conducted at Leopard Rock returned encouraging results.

Currently, the Company’s exploration team is conducting detailed field mapping, sampling and target preparation across the corridor ahead of a drilling campaign planned for Q1 2016.

Aureus Mining President and Chief Executive Officer, David Reading, commented, “Aureus to develop the entire 13 kilometre gold corridor under the same fiscal and operating terms as the New Liberty Project.  This consolidation enables us to focus our efforts solely on defining a second economic project rather than negotiating a new mineral development agreement for a portion of the corridor.  We consider the gold corridor to be highly prospective and to date we have only drill tested approximately one kilometre of this area.  This has resulted in the definition of over 900,000 ounces at Ndablama."

Aureus Mining is an AIM and TSX listed gold development and exploration company with operations in Liberia and Cameroon.