Shares Listed: Toronto Stock Exchange - Ticker Symbol - ARZ
NYSE Amex: - Ticker Symbol - AZK
U.S. Registration: (File 001-31893)
News Release Issue # 38 - 2010
The current exploration program focused on Zone 123, located approximately 1.0 kilometre east of the West Mine shaft, with the objective to delineate high grade mineralization corridors.
Thirteen (13) new holes were completed from the 810 metre level drift and from the newly extended 550 metre level track drift. The program is targeting a series of south-east dipping corridors where high grade mineralized corridors, ranging from 50 to 150 metres wide and open along strike, were previously identified.
Ten (10) mineralized intervals out of thirteen (13) returned a metal factor above 10 (true width in metres x the gold grade in grams per tonne), or higher. They are included in this release and are illustrated on the attached sketch. The drilling program covered an area of 100 metres along strike, 200 meters in width and up to 200 metres below and above the 810 metre level.
The best results were 19.1 grams of gold per tonne over 10.4 metres (true width) in hole CBP-0205 and 10.1 grams of gold per tonne over 12.5 metres (true width) in hole CBP-0209, respectively, which indicate lense continuity in the trend of the mineralized corridors.
The results indicate at least three (3) distinct high grade corridors located between the 1,050 metre level and the 280 metre level.
In Zone 123, gold mineralization occurs in quartz veins, cherty units and massive sulphides structures located between the South Zone 123 break to the east and the South break to the west in a volcanic bearing environment. These corridors could extend for more than 1.0 kilometre, up and down-dip containing individual lenses along the corridor.
"The continuity in the mineralized system of Zone 123 confirms potential
to extend the mineralization towards the east and west increasing the
potential to find more mineralized corridors within this structure"
said
Outlook
Underground drilling will continue with two rigs from the 550 metre
exploration track drift to define the down dip and the up-dip
extensions of the zone. An updated mineral resource estimate will be
completed as of
Quality Control
Core assays are performed on core sawed in half, with standard fire
assay procedures and atomic absorption finition. Certified reference
material, duplicate 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 ("QA/QC"), can be found in the 'Technical
Report on the Casa Berardi Mine', dated
Drill hole planning, implementation and the quality control program is
supervised by
Additional Information
The attached sketch shows the location of the holes which returned the best results, those being those holes with a metal factor of 10 (calculated as the true width in metres x the gold grade in grams per tonne) or greater. http://files.newswire.ca/734/Sketch_NR122110%5B1%5D.pdf
About Aurizon
Aurizon is a gold producer with a growth strategy focused on developing
its existing projects in the Abitibi region of north-western
Forward Looking Statements and Information
This news release contains "forward-looking statements" and
"forward-looking information" within the meaning of applicable
securities regulations in
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, that the current price of and demand for gold will be sustained or will improve, the supply of gold will remain stable, that the general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed on reasonable terms and that the Company will not experience any material accident, labor dispute, or failure of plant or equipment.
However, 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.
Hole | E (m) | From (m) | To (m) | Length along the hole (m) | True width (m) | Gold grade (g/t) |
CBP-0187 | 12387.0 | 135.0 | 141.6 | 6.6 | 6.6 | 11.6 |
CBP-0188 | 12424.7 | 118.9 | 128.0 | 9.1 | 9.1 | 2.6 |
CBP-0189 | 12532.1 | 153.4 | 156.8 | 3.4 | 3.2 | 8.8 |
CBP-0190 | 12522.0 | 151.9 | 157.7 | 5.8 | 5.7 | 4.9 |
CBP-0201 | 12398.8 | 149.0 | 150.0 | 1.0 | 0.8 | 5.0 |
CBP-0202 | 12393.2 | 138.0 | 141.8 | 3.8 | 3.8 | 13.1 |
CBP-0203 | 12400.8 | 155.8 | 158.2 | 2.4 | 1.5 | 4.0 |
CBP-0204 | ||||||
CBP-0205 | 12393.1 | 129.0 | 139.4 | 10.4 | 10.4 | 19.1 |
CBP-0206 | 12336.2 | 408.9 | 411.0 | 2.1 | 2.1 | 18.8 |
CBP-0207 | 12326.0 | 208.4 | 226.9 | 18.5 | 15.8 | 5.8 |
CBP-0208 | 12284.2 | 272.8 | 294.0 | 21.2 | 9.0 | 5.0 |
CBP-0209 | 12293.0 | 337.8 | 366.0 | 28.2 | 12.5 | 10.1 |
Holes CBP-0189 and CBP-0190 were drilled from the 550 metre level track drift.
Hole CBP-0204 was abandoned before reaching targeted zone.
SOURCE Aurizon Mines Ltd.