INFILL DRILLING CONFIRMS CONTINUITY OF THE HIGH GRADE MINERALIZATION OF THE 123 ZONE AT THE CASA BERARDI MINE
September 27 2010 - 7:00AM
PR Newswire (Canada)
VANCOUVER, Sept. 27 /CNW/ -- Shares Listed: Toronto Stock Exchange
- Ticker Symbol - ARZ NYSE Amex: - Ticker Symbol - AZK U.S.
Registration: (File 001-31893) News Release Issue No. 26 - 2010
VANCOUVER, Sept. 27 /CNW/ - Aurizon Mines Ltd. (TSX: ARZ; NYSE
Amex: AZK) is pleased to report further results from infill
drilling of the 123 Zone from the exploration drift on the 810
metre level at its Casa Berardi Mine in north-western Quebec. Part
of the current exploration program is focused on the upper and
depth extensions of the 123 Zone, located approximately 1.0
kilometre east of the West Mine shaft, with the objective of
extending the known mineralization. Underground drilling has
completed a further six new holes on a 50 metre spacing. The
program is targeting a series of previously outlined stacked
mineralized lenses within a south-east dipping host corridor, 200
metres thick by 1,000 metres of vertical strike. The thickness of
the individual lenses within the corridor is in the range of 3 to
35 metres. Four out of six drill holes returned mineralized values
having a metal factor above 10 (true width in metres x the gold
grade in grams per tonne), or higher. A table of all the drill hole
results are included in this release and are illustrated on the
attached sketch. The six drill holes cover an area of approximately
200 metres along strike to a depth of 200 metres below the 810
metre level. The best results were 10.0 grams of gold per tonne
over 35.1 metres (true thickness) in hole CBP-0194 and 9.1 grams of
gold per tonne over 27.3 metres (true thickness) in hole CBP-0193,
and were intersected approximately 50 metres and 100 metres,
respectively, from the previously reported 42.1 grams of gold per
tonne over 21.5 metres (true thickness) in hole CBP-0160 (see
Aurizon news release dated August 30th 2010). These results
indicate that there is a high grade core within the 123 Zone,
extending over a strike distance in the order of 200 metres
vertically by 50 metres horizontally and having an approximate
thickness of 25 metres. The deepest hole to date in the 123 Zone is
CBP-0115 (see Aurizon news release dated February 11th 2010) at
1,100 metres which intersected two structures: 5.5 grams of gold
per tonne over 10 metres (true thickness) and 20.7 grams of gold
per tonne over 0.7 metres (true thickness). As at December 31,
2009, the 123 Zone contained inferred mineral resources of 714,000
tonnes at a grade of 9.4 grams of gold per tonne, or 216,000
ounces. In the 123 Zone, gold mineralization occurs in quartz
veins, cherty units and massive sulphide structures located between
the South 123 Zone break to the east and the South break to the
west in a volcanic bearing environment. This corridor extends for
more than 1.0 kilometre vertically, containing distinct stacked
lenses. "The continuity in thickness and grade of the mineralized
system in the 123 Zone confirms the potential to extend the
mineralization at depth and to find more mineralization along
strike of this structure" said Gilles Carrier P. Eng., Principal
Exploration Geologist. Outlook Underground drilling will continue
with two rigs from the 810 metre exploration drift to define the
down dip extension of the zone. The 123 Zone remains open to depth
and along strike to the east, however step out drilling is limited
due to the orientation of the mineralization relative to the drill
bases at the 810 metre exploration drift. The two drill rigs will
primarily perform infill drilling of the 123 Zone in order to
upgrade the resources identified in the campaign. A drill rig has
recently started at the 550 metre track drift to verify the upper
extension of the zone. An updated mineral resource estimate is
expected to be completed by year-end. As previously reported, $2.8
million will be invested in the second half of 2010 to commence a
ramp from the 810 metre level down to approximately the 1,000 metre
level which will provide drill bases to test the depth extensions
of both the 123 and 118 Zones as well as commence mine development
of these zones. Quality Control Core assays are performed on core
sawed in half, with standard fire assay procedures and atomic
absorption finish. 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 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 Swastica lab in Ontario. The QA/QC program is a
performed at ALS Chemex lab in Val d'Or. Drill hole planning,
implementation and the quality control program is supervised by
Gilles Carrier, P. Eng. , Principal Exploration Geologist, a
qualified person as defined by National Instrument 43-101. Mr.
Carrier is also responsible for the scientific and technical
information in this news release. 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/Sketch123Zone.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 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. 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.
Forward-looking information includes, but is not limited to,
statements with respect a new resource estimate of the 123 Area of
the Company's Casa Berardi Mine, and timing and expectations of
future work programs. Often, but not always, forward-looking
information can be identified by the use of words such as "plans",
"expects, "is expected", "budget", "scheduled", "estimates",
forecasts", "intends", "anticipates", or "believes", or the
negatives thereof or variations of such words and phrases or
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, 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. CAUTIONARY NOTE TO US READERS 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 "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 document may use
the term "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. This document may also use the term "inferred"
mineral resources. U.S. readers are cautioned that while this term
is recognized and required by Canadian regulations, the SEC does
not recognize it. "Inferred resources" have a great amount of
uncertainty as to their existence, and great uncertainty as to
their economic and legal feasibility. It cannot be assumed that all
or any part of an inferred mineral resource will ever be upgraded
to a higher category. Under Canadian rules, estimates of inferred
mineral resources may not form the basis of feasibility or
pre-feasibility studies, except in rare cases. U.S. readers and
investors are cautioned not to assume that part or all of an
inferred resource exists, or is economically or legally mineable.
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Table of Infill Drill Results of the 123 Zone - September 27, 2010
-------------------------------------------------------------------------
Length Gold along the True grade Hole E (m) From (m) To (m) hole
(m) width (m) (g/t)
-------------------------------------------------------------------------
CBP-0193 12293.2 210.0 248.9 38.9 27.1 9.1
-------------------------------------------------------------------------
CBP-0194 12322.0 252.8 312.0 59.2 35.1 10.0
-------------------------------------------------------------------------
CBP-0195 12306.7 215.4 225.5 10.1 8.0 8.8 12305.5 242.8 247.1 4.3
3.4 13.5
-------------------------------------------------------------------------
CBP-0198 12424.1 153.0 154.0 1.0 0.9 4.7
-------------------------------------------------------------------------
CBP-0199 12425.2 132.2 132.7 0.5 0.5 5.1
-------------------------------------------------------------------------
CBP-0200 12486.1 290.1 295.5 5.4 3.7 8.8
-------------------------------------------------------------------------
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, Operations, Telephone: 819-874-4511, Fax:
819-874-3391, Web Site: www.aurizon.com; Email: info@aurizon.com or
Renmark Financial Communications Inc., 1550 Metcalfe, Suite 502
Montreal, QC, H3A 1X6, Barry Mire: bmire@renmarkfinancial.com;
Maurice Dagenais: mdagenais@renmarkfinancial.com; Media: Lynn
Butler: lbutler@renmarkfinancial.com, Tel: (514) 939-3989, Fax:
(514) 939-3717
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