SOURCE: Amara Mining plc

May 10, 2013 07:00 ET

Amara Mining PLC: Filing of Yaoure Technical Report

LONDON--(Marketwired - May 10, 2013) -


10 May
2013
AIM:AMA / TSX:AMZ



                             Amara Mining plc
                        ("Amara" or "the Company")

    FILING OF TECHNICAL REPORT FOLLOWING YAOURE RESOURCE UPDATE

Amara Mining plc, the dual AIM and TSX-listed West African focused gold
mining company, is pleased to announce that a National Instrument
43-101-compliant technical report entitled 'Yaoure Gold Project, Cote
d'Ivoire, Technical Report and Mineral Resource Estimate for Amara
Mining plc', dated 09 May 2013, detailing the Mineral Resource update
for its Yaoure Gold Project ("Yaoure") in Cote d'Ivoire was filed on
SEDAR yesterday. This follows the news release dated 25 March 2013.

A copy of the technical report may be obtained via  www.sedar.com  and on
Amara's website at  http://www.amaramining.com/Investor-Relations/ 
NI43-101-Reports. A copy of the news release may also be obtained via
SEDAR and on Amara's website.

The previously announced highlights of the Yaoure Mineral Resource
update are as follows:

* 1.7 million ounce sulphide Inferred Mineral Resource delineated
  at Yaoure (34.6Mt at 1.52g/t)1

* Indicated Mineral Resource upgraded to 0.3 million ounces (8.0Mt
  at 1.31g/t) 1, 2

* Mineral Resources contained within 40% of the total mineralised
  volume drilled to date

* Further Mineral Resource update expected in H2 2013 from on-going
  in-fill drilling campaign

* Resource grade is expected to be updated through definition of
  additional resources via in-fill drilling below the higher grade
  CMA North-Central pit

* Resource is open at depth and along strike with all 106 holes
  drilled in 2011/12 encountering mineralisation

* Initial metallurgical testwork has confirmed the non-refractory
  nature of the gold mineralisation with 94% recovery in a
  conventional carbon-in-leach circuit

* Preliminary Economic Assessment is expected to be completed in
  Q4 2013

* Location of Yaoure is highly advantageous due to close proximity
  to Kossou dam, which offers cheap hydro-electric power and
  abundant water, excellent roads and accommodation



1. Using a 0.8g/t cut-off

2. Previously 0.2 million ounces Measured and Indicated
   (4.9Mt at 1.6g/t) using a 0.5g/t cut-off, an uplift
   of 90,000 ounces



For more information please contact:

Amara Mining plc                             +44 (0)20 7398 1420
John McGloin, Chairman
Peter Spivey, Chief Executive Officer
Pete Gardner, Finance Director
Katharine Sutton, Head of Investor Relations

Canaccord Genuity Limited                    +44 (0)20 7523 8000
(Nominated Adviser & Broker, London)
Andrew Chubb
Joe Weaving
Tim Redfern

Pelham Bell Pottinger                        +44 (0)20 7861 3232
(Financial Public Relations)
Charlie Vivian
Lorna Spears
James Macfarlane


This report includes certain "forward-looking information" within the
meaning of applicable Canadian securities legislation.

All statements other than statements of historical fact included in
this report, including, without limitation, the timing of the second
Mineral Resource update, the update to the resource grade, the
completion of the Preliminary Economic Assessment, future drilling, and
future capital plans and objectives of Amara, are forward-looking
information that involve various risks and uncertainties. There can be
no assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those
anticipated in such statements. Important factors that could cause
actual results to differ materially from Amara's expectations include,
among others, the Company's ability to delineate sufficient sulphide
resources for the development of a CIL/CIP operation, risks related to
international operations, the actual results of current exploration and
drilling activities, changes in project parameters as plans continue to
be refined as well as future price of gold. Although Amara has
attempted to identify important factors that could cause actual results
to differ materially, there may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance
that such statements will prove to be accurate as actual results and
future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements. Amara does not undertake to update any
forward-looking statements that are included herein, except in
accordance with applicable securities laws.

Peter Brown is a "Qualified Person" within the definition of National
Instrument 43-101 and has reviewed and approved the information
contained within this announcement. Dr Brown (MIMMM) is the Group
Exploration Manager.

Chris Arnold is a "Qualified Person" within the definition of National
Instrument 43-101 and is responsible for the estimation of the Yaoure
mineral resource. He has reviewed and approved the relevant technical
information relating to the resource estimates in this release. Mr
Arnold MAusIMM CP(Geo) is Geology Group Manager of AMC Consultants (UK)
Limited.


                    This information is provided by RNS
          The company news service from the London Stock Exchange

END

Contact Information