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15.06.2010
Aurizon's Infill Drill Program at the Casa Berardi Principal Area Intersects 4.6 Grams of Gold Per Tonne Over 68.0 Meters
Aurizon's Infill Drill Program at the Casa Berardi Principal Area Intersects 4.6 Grams of Gold Per Tonne Over 68.0 Meters
Aurizon Mines Ltd. (TSX: ARZ; NYSE Amex: AZK) is pleased to announce results from its surface infill drill program in the Principal Area at its Casa Berardi Mine, in north western Quebec.
The objective of the infill drill program is to increase the quantity and improve the quality of the mineral resources previously defined in the Principal Area and to provide information for a pre-feasibility study of an open pit for the area, which is expected to be completed by the end of the fourth quarter of 2010. The Principal Area is located approximately 1.0 kilometre east of the West Mine shaft. As of December 31, 2009, the crown pillar of the Principal Area hosts indicated mineral resources of 1.8 million tonnes at 6.2 grams of gold per tonne for 355,000 gold ounces and inferred mineral resources of 0.8 million tonnes at 6.0 grams of gold per tonne for 162,000 ounces of gold .
The results of sixty-eight (68) holes, of which thirty-three (33) holes have a metal factor of 50 (true width in metres x the gold grade in grams per tonne), or higher are included in this release and are illustrated on the sketch attached. The drilling program totalled 12,803 metres and covered an area of 825 metres along strike, 250 meters in width, and 50 to 200 metres below surface.
The best results were encountered in Holes CBS-10-366, with 4.6 grams of gold per tonne over 68.0 metres (true width), CBS-10-331, with 6.2 grams of gold per tonne over 43.0 metres (true width), and CBS-10-341 with 7.0 grams of gold per tonne over 38.0 metres (true width).
In addition, Hole CBS-09-316 returned a high grade of 114.2 grams of gold per tonne over 0.6 metre (true width), 80 metres below surface. "Sixty-six (66) of the sixty-eight (68) holes were successful in intersecting mineralization above the cut-off grade of 1.0 grams of gold per tonne." said Gilles Carrier P. Eng., Principal Exploration Geologist, a Qualified Person as defined under National Instrument 43-101.
Gold mineralization occurs within multiple lenses located on both sides of the Casa Berardi break and dips slightly to the South. Mineralization is found in veins, stockworks and sulphide rich replacement zones in a volcanic-sedimentary bearing environment. The zones extend for more than 825 metres along the entire length of the deposit.
"This drill program confirms the previously known strike extension of the Principal Area, as well as identifying new mineralization which may indicate that untapped potential remains possible in all directions.", said Mr. Carrier P. Eng.
Outlook
The results of the infill drill program will be integrated into a new resource estimate which is expected to be released in the third quarter of 2010. An updated block model will be used in the pre-feasibility study to be prepared by BBA Inc., Montreal, Quebec. Additional underground drilling will be conducted during the remainder of the year to verify the down dip extension of the zone.
Quality Control
Core assays are performed on core sawed in half, with standard fire assay procedures and atomic absorption finition. Certified reference material, duplicates and blanks are inserted in the sample sequence for quality control. Assay checking on pulp and coarse rejects are carried out on approximately 5% of samples. Additional information on Quality Assurance and Quality Control can be found in the 'Technical Report on the Casa Berardi Mine', dated February 9, 2009, which can be found under Aurizon's profile on www.sedar.com Primary exploration assaying was performed at the mine site laboratory and at the Swastica lab in Ontario. The quality control program is performed at the ALS Chemex lab in Val d'Or.
Drill hole planning, implementation and the quality control program is supervised by Gilles Carrier. Mr. Carrier is also responsible for the scientific and technical information in this news release.
Additional Information
The attached sketch shows the values of the holes which returned the best results, being those holes with a metal factor of 50 (calculated as the true width in metres x the gold grade in grams per tonne) or greater.
About Aurizon
Aurizon is a gold producer with a growth strategy focused on developing its existing projects in the Abitibi region of north-western Quebec, one of the world's most favourable mining jurisdictions and prolific gold and base metal regions, and by increasing its asset base through accretive transactions. Aurizon shares trade on the Toronto Stock Exchange under the symbol "ARZ" and on the NYSE Amex under the symbol "AZK". Additional information on Aurizon and its properties is available on Aurizon's website at http://www.aurizon.com.
For further information, contact
AURIZON MINES LTD.
David Hall, President and C.E.O.
Telephone: 604-687-6600
Toll Free: 1-888-411-GOLD
Fax: 604-687-3932
Martin Bergeron, Vice President
Telephone: 819-874-4511
Fax: 819-874-3391
Web Site: www.aurizon.com; Email: info@aurizon.com
or
Renmark Financial Communications Inc.
2080 Rene-Levesque Blvd. West
Montreal, QC
H3H 1R6
Barry Mire: bmire@renmarkfinancial.com
Maurice Dagenais: mdagenais@renmarkfinancial.com
Media: Lynn Butler: lbutler@renmarkfinancial.com
Tel: (514) 939-3989 Fax: (514) 939-3717
Forward Looking Statements and Information
This news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable securities regulations in Canada and the United States (collectively, "forward-looking information"). The forward-looking information contained in this news release is made as of the date of this news release. Except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information.
Specifically, this news release contains forward-looking information with respect to new mineralization in the Principal Area, a resource estimate, the timing of a pre-feasibility study of the Principal Area of the Company's Casa Berardi Mine, and timing and expectations of future work programs. Forward-looking information can be identified by the use of words such as "is expected", statements that certain actions, events or results "may", "could", "would", "might", or "will" be taken, occur or be achieved.
The forward-looking information contained in this news release is based on certain assumptions that the Company believes are reasonable, including, with respect to mineral resource estimates, the key assumptions and parameters on which such estimates are based, as set out in the technical report for the property. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, conclusions of economic evaluations, the risk that actual results of exploration activities will be different than anticipated, that cost of labour, equipment or materials will increase more than expected, that the future price of gold will decline, that the Canadian dollar will strengthen against the U.S. dollar, that mineral resources are not as estimated, that actual costs or actual results of reclamation activities are greater than expected; that changes in project parameters as plans continue to be refined may result in increased costs, of unexpected variations in mineral resources, grade or recover rates, of failure of plant, equipment or processes to operate as anticipated, of accidents, labour disputes and other risks generally associated with mining, unanticipated delays in obtaining governmental approvals or financing or in the completion of development or construction activities, as well as those factors and other risks more fully described in Aurizon's Annual Information Form filed with the securities commission of all of the provinces and territories of Canada and in Aurizon's Annual Report on Form 40-F filed with the United States Securities and Exchange Commission, which are available on Sedar at www.sedar.com and on Edgar at www.sec.gov/. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to not be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking information due to the inherent uncertainty thereof.
CAUTIONARY NOTE TO US READERS AND INVESTORS
As a British Columbia corporation, the Company is subject to certain rules and regulations issued by the British Columbia Securities Commission ("BC Securities Commission"). The Company is required to provide detailed information regarding its properties including mineralization, drilling, sampling and analysis, security of samples and mineral resource and mineral reserve estimates. Further, the Company describes mineral resources associated with its properties utilizing terminology such as "measured"; "indicated" or "inferred" which terms are recognized by Canadian regulations but are not recognized by the United States Securities and Exchange Commission ("SEC").
Cautionary Note to U.S. Readers and Investors Regarding Mineral Resources
The SEC allows mining companies, in their filings with the SEC, to disclose only those mineral deposits they can economically and legally extract or produce. The Company may use certain terms in this document, such as "mineral resources", "indicated mineral resources" and "inferred mineral resources" that are recognized and mandated by Canadian securities regulators but are not recognized by the SEC.
This News Release uses the term" measured" and "indicated" mineral resources. U.S. readers are cautioned that while that term is recognized and required by Canadian regulations, the SEC does not recognize it. U.S. readers and investors are cautioned not to assume that any part or all of mineral deposits in this category will ever be converted into mineral reserves.
Please find a table with the results under the following link: http://www.irw-press.com/dokumente/Aurizon_150610_Table.pdf
Klick to enlarge: http://www.aurizon.com/i/pdf/Sketch-NR061410.pdf
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Aurizon Mines Ltd. (TSX: ARZ; NYSE Amex: AZK) is pleased to announce results from its surface infill drill program in the Principal Area at its Casa Berardi Mine, in north western Quebec.
The objective of the infill drill program is to increase the quantity and improve the quality of the mineral resources previously defined in the Principal Area and to provide information for a pre-feasibility study of an open pit for the area, which is expected to be completed by the end of the fourth quarter of 2010. The Principal Area is located approximately 1.0 kilometre east of the West Mine shaft. As of December 31, 2009, the crown pillar of the Principal Area hosts indicated mineral resources of 1.8 million tonnes at 6.2 grams of gold per tonne for 355,000 gold ounces and inferred mineral resources of 0.8 million tonnes at 6.0 grams of gold per tonne for 162,000 ounces of gold .
The results of sixty-eight (68) holes, of which thirty-three (33) holes have a metal factor of 50 (true width in metres x the gold grade in grams per tonne), or higher are included in this release and are illustrated on the sketch attached. The drilling program totalled 12,803 metres and covered an area of 825 metres along strike, 250 meters in width, and 50 to 200 metres below surface.
The best results were encountered in Holes CBS-10-366, with 4.6 grams of gold per tonne over 68.0 metres (true width), CBS-10-331, with 6.2 grams of gold per tonne over 43.0 metres (true width), and CBS-10-341 with 7.0 grams of gold per tonne over 38.0 metres (true width).
In addition, Hole CBS-09-316 returned a high grade of 114.2 grams of gold per tonne over 0.6 metre (true width), 80 metres below surface. "Sixty-six (66) of the sixty-eight (68) holes were successful in intersecting mineralization above the cut-off grade of 1.0 grams of gold per tonne." said Gilles Carrier P. Eng., Principal Exploration Geologist, a Qualified Person as defined under National Instrument 43-101.
Gold mineralization occurs within multiple lenses located on both sides of the Casa Berardi break and dips slightly to the South. Mineralization is found in veins, stockworks and sulphide rich replacement zones in a volcanic-sedimentary bearing environment. The zones extend for more than 825 metres along the entire length of the deposit.
"This drill program confirms the previously known strike extension of the Principal Area, as well as identifying new mineralization which may indicate that untapped potential remains possible in all directions.", said Mr. Carrier P. Eng.
Outlook
The results of the infill drill program will be integrated into a new resource estimate which is expected to be released in the third quarter of 2010. An updated block model will be used in the pre-feasibility study to be prepared by BBA Inc., Montreal, Quebec. Additional underground drilling will be conducted during the remainder of the year to verify the down dip extension of the zone.
Quality Control
Core assays are performed on core sawed in half, with standard fire assay procedures and atomic absorption finition. Certified reference material, duplicates and blanks are inserted in the sample sequence for quality control. Assay checking on pulp and coarse rejects are carried out on approximately 5% of samples. Additional information on Quality Assurance and Quality Control can be found in the 'Technical Report on the Casa Berardi Mine', dated February 9, 2009, which can be found under Aurizon's profile on www.sedar.com Primary exploration assaying was performed at the mine site laboratory and at the Swastica lab in Ontario. The quality control program is performed at the ALS Chemex lab in Val d'Or.
Drill hole planning, implementation and the quality control program is supervised by Gilles Carrier. Mr. Carrier is also responsible for the scientific and technical information in this news release.
Additional Information
The attached sketch shows the values of the holes which returned the best results, being those holes with a metal factor of 50 (calculated as the true width in metres x the gold grade in grams per tonne) or greater.
About Aurizon
Aurizon is a gold producer with a growth strategy focused on developing its existing projects in the Abitibi region of north-western Quebec, one of the world's most favourable mining jurisdictions and prolific gold and base metal regions, and by increasing its asset base through accretive transactions. Aurizon shares trade on the Toronto Stock Exchange under the symbol "ARZ" and on the NYSE Amex under the symbol "AZK". Additional information on Aurizon and its properties is available on Aurizon's website at http://www.aurizon.com.
For further information, contact
AURIZON MINES LTD.
David Hall, President and C.E.O.
Telephone: 604-687-6600
Toll Free: 1-888-411-GOLD
Fax: 604-687-3932
Martin Bergeron, Vice President
Telephone: 819-874-4511
Fax: 819-874-3391
Web Site: www.aurizon.com; Email: info@aurizon.com
or
Renmark Financial Communications Inc.
2080 Rene-Levesque Blvd. West
Montreal, QC
H3H 1R6
Barry Mire: bmire@renmarkfinancial.com
Maurice Dagenais: mdagenais@renmarkfinancial.com
Media: Lynn Butler: lbutler@renmarkfinancial.com
Tel: (514) 939-3989 Fax: (514) 939-3717
Forward Looking Statements and Information
This news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable securities regulations in Canada and the United States (collectively, "forward-looking information"). The forward-looking information contained in this news release is made as of the date of this news release. Except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information.
Specifically, this news release contains forward-looking information with respect to new mineralization in the Principal Area, a resource estimate, the timing of a pre-feasibility study of the Principal Area of the Company's Casa Berardi Mine, and timing and expectations of future work programs. Forward-looking information can be identified by the use of words such as "is expected", statements that certain actions, events or results "may", "could", "would", "might", or "will" be taken, occur or be achieved.
The forward-looking information contained in this news release is based on certain assumptions that the Company believes are reasonable, including, with respect to mineral resource estimates, the key assumptions and parameters on which such estimates are based, as set out in the technical report for the property. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, conclusions of economic evaluations, the risk that actual results of exploration activities will be different than anticipated, that cost of labour, equipment or materials will increase more than expected, that the future price of gold will decline, that the Canadian dollar will strengthen against the U.S. dollar, that mineral resources are not as estimated, that actual costs or actual results of reclamation activities are greater than expected; that changes in project parameters as plans continue to be refined may result in increased costs, of unexpected variations in mineral resources, grade or recover rates, of failure of plant, equipment or processes to operate as anticipated, of accidents, labour disputes and other risks generally associated with mining, unanticipated delays in obtaining governmental approvals or financing or in the completion of development or construction activities, as well as those factors and other risks more fully described in Aurizon's Annual Information Form filed with the securities commission of all of the provinces and territories of Canada and in Aurizon's Annual Report on Form 40-F filed with the United States Securities and Exchange Commission, which are available on Sedar at www.sedar.com and on Edgar at www.sec.gov/. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to not be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking information due to the inherent uncertainty thereof.
CAUTIONARY NOTE TO US READERS AND INVESTORS
As a British Columbia corporation, the Company is subject to certain rules and regulations issued by the British Columbia Securities Commission ("BC Securities Commission"). The Company is required to provide detailed information regarding its properties including mineralization, drilling, sampling and analysis, security of samples and mineral resource and mineral reserve estimates. Further, the Company describes mineral resources associated with its properties utilizing terminology such as "measured"; "indicated" or "inferred" which terms are recognized by Canadian regulations but are not recognized by the United States Securities and Exchange Commission ("SEC").
Cautionary Note to U.S. Readers and Investors Regarding Mineral Resources
The SEC allows mining companies, in their filings with the SEC, to disclose only those mineral deposits they can economically and legally extract or produce. The Company may use certain terms in this document, such as "mineral resources", "indicated mineral resources" and "inferred mineral resources" that are recognized and mandated by Canadian securities regulators but are not recognized by the SEC.
This News Release uses the term" measured" and "indicated" mineral resources. U.S. readers are cautioned that while that term is recognized and required by Canadian regulations, the SEC does not recognize it. U.S. readers and investors are cautioned not to assume that any part or all of mineral deposits in this category will ever be converted into mineral reserves.
Please find a table with the results under the following link: http://www.irw-press.com/dokumente/Aurizon_150610_Table.pdf
Klick to enlarge: http://www.aurizon.com/i/pdf/Sketch-NR061410.pdf
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA05155P1062">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA05155P1062</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.