Aura Minerals Inc.
TSX : ORA

Aura Minerals Inc.

September 18, 2008 09:09 ET

Aura Minerals Releases Third Batch of Exploration Drill Holes From the Aranzazu Property in Mexico Including 54.80 Metres of 1.96% Cu, 1.15 g/t Au and 23.28 g/t Ag to a Depth of 428 Metres

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 Project in Zacatecas State, Mexico (the "Project").

This third batch of drill holes (see Maps 1, 2 and 3 attached) was completed in 2007/08 as part of a 40,000 metre drill program prior to Aura Minerals' acquisition of the Project. Aura Minerals is completing the final stages of a systematic technical review of the 2007/08 drill program and expects that the final drill results will be issued imminently.

To view Map 1 please click on the following link: http://media3.marketwire.com/docs/ora918a.pdf

To view Map 2 please click on the following link: http://media3.marketwire.com/docs/ora918b.pdf

To view Map 3 please click on the following link: http://media3.marketwire.com/docs/ora918c.pdf

This third batch is along the eastern strike of the main skarn mineralization which has a strike length of at least two kilometres. These results (see Table 1 - Batch 3 - Assays attached) also include the only deep holes (below 350 metres) drilled to date on the Project and show excellent continuity down dip with several intervals of high-grade copper, gold and silver.

Highlights from this most recent batch include:

- Hole 53750-1 which returned 28.25 metres of 1.79% Cu, 0.68 g/t Au and 9.90 g/t Ag;

- Hole 53875-12 which returned 16.70 metres of 2.04% Cu, 1.18 g/t Au and 25.58 g/t Ag;

- Hole 53875-13 which returned 17.90 metres of 2.36% Cu, 0.70 g/t Au and 20.94 g/t Ag;

- Hole 53900-1 which returned 35.55 metres of 1.95% Cu, 1.28 g/t Au and 17.02 g/t Ag;

- Hole 53900-4 which returned 27.33 metres of 1.80% Cu, 1.34 g/t Au and 18.69 g/t Ag;

- Hole 53950-1 which returned 15.34 metres of 1.27% Cu, 1.75 g/t Au and 16.57 g/t Ag;

- Hole 54100-1 which returned 14.87 metres of 2.24% Cu, 2.66 g/t Au and 23.38 g/t Ag;

- Hole 54150-2 which returned 14.62 metres of 2.42% Cu, 3.22 g/t Au and 42.86 g/t Ag and a further 12.00 metres of 3.56% Cu, 5.54 g/t Au, and 67.73 g/t Ag;

- Hole 54250-1B which returned 92.00 metres of 1.36% Cu, 0.93 g/t Au and 14.31 g/t Ag;

- Hole 54300-3 which returned 41.48 metres of 2.48% Cu, 1.15 g/t Au and 25.09 g/t Ag;

- Hole 54350-1 which returned 24.00 metres of 3.92% Cu, 2.82 g/t Au and 43.09 g/t Ag;

- Hole 54350-2 which returned 54.80 metres of 1.96% Cu, 1.15 g/t Au and 23.28 g/t Ag;

- Hole 54475-2 which returned 5.80 metres of 3.32% Cu, 0.96 g/t Au and 24.14 g/t Ag;

- Hole 54475-3 which returned 22.00 metres of 1.92% Cu, 1.10 g/t Au and 22.65 g/t Ag;

- Hole 54475-5 which returned 49.66 metres of 2.06% Cu, 0.58 g/t Au and 19.00 g/t Ag;

Commenting on these results, Mr. Patrick Downey, President and CEO of Aura Minerals, stated, "We are very pleased with these results as they confirm the strike of the mineralized zone and continue to define the high-grade ore chutes within this zone. We are also very pleased that the only deep holes drilled to date into the deposit show excellent down dip continuity and returned high copper, gold and silver values.

We plan to follow up with deeper drilling on the other identified "ore chutes" to test the continuity as this would add significant tonnes to the resource. Two surface rigs are currently on site and drilling has commenced. A program of underground drilling is also planned."



Table 1 - Batch 3 - Assays

--------------------------------------------------------------------------
Azi- Inter-
muth Dip From To val (1) Cu Au Ag
(deg- (deg- (met- (met- (met- (2)(4) (3) (3)
Hole # North East rees) rees) res) res) res) (%) (g/t) (g/t)
--------------------------------------------------------------------------
23900-3 253788 2723897 270 -75 26.00 36.00 10.00 0.51 0.19 3.22
--------------------------------------------------------------------------
23900-3 253788 2723897 270 -75 46.00 56.00 10.00 0.78 0.18 4.38
--------------------------------------------------------------------------
53625-5 253613 2724221 0 -90 57.04 64.00 6.96 1.25 0.41 14.32
--------------------------------------------------------------------------
53700-3 253689 2724038 0 -65 12.00 72.00 60.00 1.08 0.33 7.91
--------------------------------------------------------------------------
53700-3 253689 2724038 0 -65 176.00 184.00 8.00 1.59 0.47 15.10
--------------------------------------------------------------------------
53700-3 253689 2724038 0 -65 212.00 220.00 8.00 0.98 0.33 13.80
--------------------------------------------------------------------------
53750-1 253748 2724118 180 -85 0.00 15.15 15.15 1.53 0.50 9.24
--------------------------------------------------------------------------
53750-1 253748 2724118 180 -85 43.60 71.85 28.25 1.79 0.68 9.90
--------------------------------------------------------------------------
53750-1 253748 2724118 180 -85 111.45 119.60 8.15 1.43 0.58 6.95
--------------------------------------------------------------------------
53750-1 253748 2724118 180 -85 175.65 189.05 13.40 1.79 0.29 7.94
--------------------------------------------------------------------------
53800-6 253806 2724233 180 -80 326.00 332.00 6.00 0.71 0.18 2.47
--------------------------------------------------------------------------
53800-6 253806 2724233 180 -80 360.00 370.00 10.00 0.98 0.37 12.88
--------------------------------------------------------------------------
53875-10 253877 2724179 180 -70 298.00 304.00 6.00 1.66 0.88 13.10
--------------------------------------------------------------------------
53875-10 253877 2724179 180 -70 312.00 320.00 8.00 2.78 1.15 16.80
--------------------------------------------------------------------------
53875-11 253877 2724179 180 -80 260.50 266.00 5.50 1.09 0.43 15.22
--------------------------------------------------------------------------
53875-12 253888 2724053 180 -60 53.30 70.00 16.70 2.04 1.18 25.58
--------------------------------------------------------------------------
53875-13 253887 2724054 180 -90 72.00 78.00 6.00 1.76 0.59 12.33
--------------------------------------------------------------------------
53875-13 253887 2724054 180 -90 120.10 138.00 17.90 2.36 0.70 20.94
--------------------------------------------------------------------------
53875-13 253887 2724054 180 -90 149.75 158.50 8.75 1.33 0.36 9.69
--------------------------------------------------------------------------
53875-13 253887 2724054 180 -90 200.00 220.00 20.00 0.84 0.49 6.63
--------------------------------------------------------------------------
53900-1 253901 2724008 0 -70 52.20 87.75 35.55 1.95 1.28 17.02
--------------------------------------------------------------------------
53900-1 253901 2724008 0 -70 136.00 144.65 8.65 0.90 1.29 6.07
--------------------------------------------------------------------------
53900-1 253901 2724008 0 -70 235.25 245.45 10.20 0.93 0.78 9.31
--------------------------------------------------------------------------
53900-1 253901 2724008 0 -70 255.15 262.25 7.10 1.62 0.84 9.33
--------------------------------------------------------------------------
53900-4 253902 2724040 180 -60 10.67 38.00 27.33 1.80 1.34 18.69
--------------------------------------------------------------------------
53925-1a 253923 2724040 180 -60 18.29 24.38 6.09 1.00 0.31 10.25
--------------------------------------------------------------------------
53925-1a 253923 2724040 180 -60 34.20 44.00 9.80 2.68 0.95 30.60
--------------------------------------------------------------------------
53950-1 253945 2724045 180 -60 33.43 48.77 15.34 1.27 1.75 16.57
--------------------------------------------------------------------------
54000-1 254003 2724062 180 -60 42.67 50.30 7.63 0.74 0.70 6.48
--------------------------------------------------------------------------
54025-2 254035 2724062 180 -90 34.00 47.24 13.24 0.58 0.07 2.30
--------------------------------------------------------------------------
54050-2 254051 2724066 180 -80 223.50 254.00 30.50 1.60 1.61 18.77
--------------------------------------------------------------------------
54100-1 254097 2724031 180 -65 72.00 86.87 14.87 2.24 2.66 23.38
--------------------------------------------------------------------------
54100-2 254097 2724032 180 -80 196.00 202.00 6.00 0.72 0.64 8.33
--------------------------------------------------------------------------
54100-2 254097 2724032 180 -80 298.46 306.90 8.44 1.71 1.35 21.75
--------------------------------------------------------------------------
54100-2 254097 2724032 180 -80 326.00 344.00 18.00 0.61 0.27 5.68
--------------------------------------------------------------------------
54150-1 254148 2724027 180 -75 158.00 190.00 32.00 0.85 1.17 11.26
--------------------------------------------------------------------------
54150-2 254148 2724026 180 -85 228.00 242.62 14.62 2.42 3.22 42.86
--------------------------------------------------------------------------
54150-2 254148 2724026 180 -85 278.00 290.00 12.00 3.56 5.54 67.73
--------------------------------------------------------------------------
54150-2 254148 2724026 180 -85 308.00 314.00 6.00 0.62 0.33 5.90
--------------------------------------------------------------------------
54150-3 254148 2724026 0 -75 17.48 32.00 14.52 1.34 0.84 4.13
--------------------------------------------------------------------------
54150-3 254148 2724026 0 -75 71.20 78.00 6.80 1.24 0.87 30.12
--------------------------------------------------------------------------
54150-3 254148 2724026 0 -75 88.00 96.00 8.00 0.62 0.25 15.45
--------------------------------------------------------------------------
54150-3 254148 2724026 0 -75 102.00 118.00 16.00 0.61 0.63 17.76
--------------------------------------------------------------------------
54150-3 254148 2724026 0 -75 138.00 146.00 8.00 0.80 0.69 24.15
--------------------------------------------------------------------------
54200-1 254196 2724015 180 -75 56.00 64.00 8.00 0.77 0.83 6.73
--------------------------------------------------------------------------
54200-1 254196 2724015 180 -75 168.00 174.00 6.00 0.73 0.39 17.40
--------------------------------------------------------------------------
54200-1 254196 2724015 180 -75 238.00 264.00 26.00 0.91 0.96 12.72
--------------------------------------------------------------------------
54200-2 254196 2724015 180 -65 20.00 30.00 10.00 0.75 1.15 0.00
--------------------------------------------------------------------------
54200-2 254196 2724015 180 -65 94.00 100.00 6.00 0.89 0.47 0.00
--------------------------------------------------------------------------
54200-3 254196 2724015 180 -80 20.00 30.00 10.00 0.75 1.15 0.00
--------------------------------------------------------------------------
54200-3 254196 2724015 180 -80 94.00 100.00 6.00 0.89 0.47 0.00
--------------------------------------------------------------------------
54200-4 254196 2724016 0 -90 84.00 100.00 16.00 1.14 2.20 12.45
--------------------------------------------------------------------------
54200-4 254196 2724016 0 -90 140.00 146.00 6.00 1.12 0.24 18.73
--------------------------------------------------------------------------
54200-4 254196 2724016 0 -90 330.00 368.00 38.00 1.21 0.71 13.27
--------------------------------------------------------------------------
54250-1B 254255 2723942 180 -70 7.62 19.31 11.69 1.86 2.18 5.27
--------------------------------------------------------------------------
54250-1B 254255 2723942 180 -70 28.00 34.00 6.00 0.72 0.38 28.27
--------------------------------------------------------------------------
54250-1B 254255 2723942 180 -70 66.00 74.00 8.00 1.15 1.46 11.33
--------------------------------------------------------------------------
54250-1B 254255 2723942 180 -70 134.00 226.00 92.00 1.36 0.93 14.31
--------------------------------------------------------------------------
54250-2 254255 2723943 180 -80 25.53 48.00 22.47 0.76 1.59 9.57
--------------------------------------------------------------------------
54250-2 254255 2723943 180 -80 276.00 308.00 32.00 1.02 0.83 9.08
--------------------------------------------------------------------------
54300-1 254287 2723950 180 -60 24.00 48.00 24.00 0.93 0.76 9.38
--------------------------------------------------------------------------
54300-1 254287 2723950 180 -60 134.00 160.00 26.00 0.91 0.77 12.95
--------------------------------------------------------------------------
54300-1 254287 2723950 180 -60 174.00 182.00 8.00 1.79 1.33 21.33
--------------------------------------------------------------------------
54300-2 254289 2723938 180 -80 65.39 72.00 6.61 0.89 1.14 12.66
--------------------------------------------------------------------------
54300-2 254289 2723938 180 -80 216.00 222.30 6.30 1.04 0.18 8.81
--------------------------------------------------------------------------
54300-3 254289 2723938 0 -90 85.87 94.00 8.13 1.20 3.91 14.73
--------------------------------------------------------------------------
54300-3 254289 2723938 0 -90 114.00 138.00 24.00 0.56 0.42 12.82
--------------------------------------------------------------------------
54300-3 254289 2723938 0 -90 176.00 234.00 58.00 1.05 0.24 14.23
--------------------------------------------------------------------------
54300-3 254289 2723938 0 -90 338.00 379.48 41.48 2.48 1.15 25.09
--------------------------------------------------------------------------
54350-1 254344 2723984 180 -60 92.00 110.00 18.00 0.77 0.68 12.07
--------------------------------------------------------------------------
54350-1 254344 2723984 180 -60 178.21 184.50 6.29 1.85 0.85 16.27
--------------------------------------------------------------------------
54350-1 254344 2723984 180 -60 234.00 258.00 24.00 3.92 2.82 43.09
--------------------------------------------------------------------------
54350-2 254344 2723985 180 -80 150.00 190.00 40.00 1.10 0.24 18.55
--------------------------------------------------------------------------
54350-2 254344 2723985 180 -80 208.00 240.00 32.00 0.80 0.26 9.69
--------------------------------------------------------------------------
54350-2 254344 2723985 180 -80 248.00 266.00 18.00 0.76 0.17 8.92
--------------------------------------------------------------------------
54350-2 254344 2723985 180 -80 373.20 428.00 54.80 1.96 1.15 23.28
--------------------------------------------------------------------------
54350-3 254344 2723984 0 -90 334.00 340.00 6.00 1.12 0.23 22.90
--------------------------------------------------------------------------
54375-1 254384 2723914 180 -85 9.14 18.29 9.15 0.74 1.51 11.93
--------------------------------------------------------------------------
54375-1 254384 2723914 180 -85 33.53 44.00 10.47 0.98 0.04 2.49
--------------------------------------------------------------------------
54375-1 254384 2723914 180 -85 82.00 140.00 58.00 0.78 1.06 11.84
--------------------------------------------------------------------------
54375-1 254384 2723914 180 -85 440.00 450.00 10.00 2.08 2.40 23.36
--------------------------------------------------------------------------
54375-1 254384 2723914 180 -85 474.00 526.00 52.00 2.24 0.95 16.64
--------------------------------------------------------------------------
54375-2 254384 2723928 180 -70 10.00 36.58 26.58 0.65 3.34 9.41
--------------------------------------------------------------------------
54375-2 254384 2723928 180 -70 82.00 90.00 8.00 1.25 0.78 12.91
--------------------------------------------------------------------------
54475-1 254473 2724018 180 -60 226.04 238.00 11.96 0.87 0.90 11.85
--------------------------------------------------------------------------
54475-1 254473 2724018 180 -60 248.00 256.08 8.08 0.70 0.58 11.55
--------------------------------------------------------------------------
54475-2 254473 2724021 180 -80 386.20 392.00 5.80 3.32 0.96 24.14
--------------------------------------------------------------------------
54475-2 254473 2724021 180 -80 400.00 438.00 38.00 1.08 0.40 12.82
--------------------------------------------------------------------------
54475-2 254473 2724021 180 -80 462.00 468.00 6.00 1.34 0.56 21.90
--------------------------------------------------------------------------
54475-3 254470 2724030 225 -65 228.00 250.00 22.00 1.92 1.10 22.65
--------------------------------------------------------------------------
54475-3 254470 2724030 225 -65 277.94 292.00 14.06 1.42 1.32 13.41
--------------------------------------------------------------------------
54475-4 254473 2724019 200 -65 194.00 220.00 26.00 0.86 0.77 12.48
--------------------------------------------------------------------------
54475-4 254473 2724019 200 -65 226.00 250.00 24.00 0.79 0.45 7.25
--------------------------------------------------------------------------
54475-5 254473 2724019 200 -80 364.34 414.00 49.66 2.06 0.58 19.00
--------------------------------------------------------------------------
54475-5 254473 2724019 200 -80 448.45 454.00 5.55 0.67 0.16 9.61
--------------------------------------------------------------------------
(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 Project 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 Project, 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.

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