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Amara Mining Shares Up On Positive Results From Yaoure Gold Project

August 13, 2014

Sam Unsted

LONDON (Alliance News) - West African-focused gold miner Amara Mining PLC saw its shares push higher in early trade on Wednesday after the group reported exceptional drilling results from the Yaoure gold project in CÔte d'Ivoire.

Shares in the company were up 9.2% to 24.15 pence in early trade Wednesday, putting it among the top ten risers on AIM.

The company said the latest 15 diamond drill results showed exceptional intercepts, demonstrating high-grade areas in the Yaoure central zone and the presence of mineralisation in 'information gaps'.

The last four reverse circulation results from the site also confirmed the high-grade nature of the zone.

"The latest drilling results demonstrate the presence of significant high grade areas within the Yaoure deposit," said John McGloin, chairman and chief executive of Amara.

"Work has now commenced on the calculation of the first of the two Mineral Resource updates, which is due in September, and I look forward to delivering further results over the coming weeks as the in-fill drilling programme continues," McGloin added.

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Source: Alliance News

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