STOCKS NEWS EUROPE-African Aura up; plans drill at Weaju

Shares in African Aura (AAAM.L) rise 5.8 percent after the AIM-listed Canada-based miner says it plans to undertake a 4,000 metre diamond drill programme at its Weaju gold project in western Liberia.

Evolution Securities, which has a "buy" rating on the firm, says in a note: "Weaju is a high grade project so should generate good results."

The broker notes Weaju is close to its New Liberty project, where it has already outlined a measured and indicated resource of about 1.4 million ounces, while past drilling in the area has yielded some very encouraging results.

"Consequently we have high expectations for the results," the broker says.

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