Further Analysis Results

Aurum Mining PLC 07 March 2006 For immediate release 7 March 2006 AURUM MINING PLC ('Aurum' or 'the Company') Independent analysis confirms quality of Andash orebody Aurum Mining plc (AIM: AUR), the company formed to acquire gold and other mineral extraction projects in the Former Soviet Union (FSU), is pleased to announce further details of analysis work being carried out by the leading UK independent mining consultant Wardell Armstrong International (WAI) on samples taken from the Company's Andash project in the Kyrgyz Republic. At the time of the Company's full year results, released on 29 September 2005, it was highlighted that WAI had confirmed a JORC resources estimate for one of the Andash orebodies of 1.15 million ozs of gold and gold equivalent. At the time it was also highlighted that further drilling work would be carried out to enhance the resources estimate and to facilitate the completion of a Feasibility Study for the project. As part of this work WAI was last year sent a 2100 kg bulk sample from Holes TX-1 to TX-4, where a programme of scoping tests was undertaken on Hole TX-3 to confirm the initial testwork findings. Results show that the head grades of the samples tested was consistent with the initial sample at 0.51% Cu and 1.3 g/t Au. The scoping test work programme demonstrated improved recoveries of copper and gold. The Sulphide Composite demonstrated that gold recovery to a combined gravity and flotation concentrate was predicted to be 70% during continuous processing, and copper recoveries of up to 80% were achievable to a saleable flotation concentrate after one stage of cleaning. A further 25% of gold can be recovered by cyaniding the flotation tailings, giving a total gold recovery of 95%. Work is continuing to refine the process to improve economics through increasing flotation recoveries and reducing reagent consumption with a view to establishing a flow sheet to meet the requirements of the Feasibility Study. Mark Jones, Chief Executive of Aurum Mining, commented: 'I am delighted by these latest study results, which highlight the quality of the resource at Andash. We now have confidence that the metallurgy at Andash will allow us to extract gold and copper economically. Our next step is to put together an extraction process flow sheet that will form the basis of our future plant design. This, along with other work currently ongoing under the guidance of WAI, will form the basis of the Feasibility Study for our mining licence application to the Kyrgyz authorities.' For further information: Aurum Mining plc Tel: 020 7478 9050 Mark Jones, Chief Executive Arbuthnot Securities Tel: 020 7012 2000 Graham Swindells Buchanan Communications Tel: 020 7466 5000 Mark Court Notes to editors Aurum Mining joined the AIM market of the London Stock Exchange in May 2004 with the strategy of seeking, evaluating and acquiring gold and other mineral extraction projects in the Former Soviet Union (FSU). In January 2005 the Company completed its first acquisition, giving the Company an exploration licence over the Andash gold and copper project in the Kyrgyz Republic. In its State Register, the State Commission of Resources of the Kyrgyz Republic has included 21.7 million tonnes of C1 and C2 reserves from the project, amounting to gold and gold equivalent of more than 1.5 million ozs. This information is provided by RNS The company news service from the London Stock Exchange
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