Shares Listed: Toronto Stock Exchange - Ticker Symbol - ARZ
NYSE Amex - Ticker Symbol - AZK
U.S. Registration: (File 001-31893)
News Release Issue # -33 - 2010
VANCOUVER, Nov. 4 /PRNewswire/ - Aurizon Mines Ltd.
(TSX:ARZ) ("Aurizon") is pleased to announce results from the first
thirteen (13) drill holes at the Marban Block property, located in
the Malartic gold camp, in the
Abitibi region of Quebec.
Significant intersections include:
- 11.89 grams of gold per tonne over 2.4 metres (MB-10-104),
- 5.13 grams of gold per tonne over 6.0 metres (MB-10-106),
- 80.8 metres averaging 1.21 grams of gold per tonne, including 11.06
grams of gold per tonne over 3.6 metres (MB-10-107),
- 7.81 grams of gold per tonne over 4.3 metres (MB-10-110), and
- 33.19 grams of gold per tonne over 2.4 metres (MB-10-117).
The drill holes were collared within the central portion of the
Marban gold deposit and tested the entire width of the Marban Mine
Sequence from surface to a vertical depth of 300 metres. The Mine
Sequence, consisting of deformed mafic volcanic rocks, is
approximately 250 metres wide in this area and hosts several
important sulphide and gold mineralised shear zones extending along
a 1.3 kilometre strike length. The results from the initial
thirteen (13) holes at Marban are encouraging and confirm the
potential for both bulk tonnage gold mineralisation and
higher-grade ore shoots at shallow depths.
Aurizon Option
Aurizon can earn up to a 65% interest the Marban Block property
under the terms of an option and joint venture agreement dated
July 5, 2010 between the Company and
NioGold Mining Corporation ("NioGold"). The initial 50% interest
can be earned by incurring expenditures of C$20 million over three years, completing an
updated NI 43-101 compliant mineral resource estimate, and by
making a resource payment for 50% of the total gold ounces defined
by the mineral resource estimate. NioGold is the project operator
during the initial earn-in period (see Aurizon news release dated
July 6, 2010).
The first year program under the terms of the option agreement
includes 50,000 metres of diamond drilling. The program is mainly
directed at better defining and increasing the near surface gold
mineral resources at the Marban and Norlartic deposits of the
Marban Block. The Marban Block includes the Gold Hawk, First
Canadian, Norlartic and Marban properties and consists of forty-two
(42) mining claims and three (3) mining concessions covering 976
hectares in the heart of the Malartic gold mining camp, Abitibi region,
Quebec (see Aurizon news release
dated July 6, 2010). Two drill rigs
are currently in operation on the Marban deposit of the Marban
Block.
Assay results are summarized in the table below.
Marban 2010 Drilling Results
-------------------------------------------------------------------------
Hole # Line Station Az Dip Depth From
(metres)
-------------------------------------------------------------------------
MB-10-102 0+50 W 0+75 S N180 degrees -45 degrees 225.0 45.0
144.0
including 160.5
-------------------------------------------------------------------------
MB-10-103 0+50 W 1+45 S N180 degrees -45 degrees 179.0 99.0
-------------------------------------------------------------------------
MB-10-104 0+45 W 0+13 S N180 degrees -47 degrees 304.0 124.3
160.8
-------------------------------------------------------------------------
MB-10-105 0+50 W 1+45 N N180 degrees -45 degrees 304.0 203.4
265.7
283.1
including 286.7
-------------------------------------------------------------------------
MB-10-106 0+50 W 2+15 N N180 degrees -45 degrees 444.0 224.7
254.3
including 274.0
303.1
including 309.1
353.5
including 361.9
385.7
including 398.9
-------------------------------------------------------------------------
MB-10-107 0+50 E 2+35 N N180 degrees -55 degrees 513.0 287.2
including 323.6
378.6
427.9
-------------------------------------------------------------------------
MB-10-110 0+00 0+40 S N180 degrees -50 degrees 253.0 202.0
-------------------------------------------------------------------------
MB-10-111 0+50 E 0+80 S N180 degrees -55 degrees 275.0 48.3
140.8
including 179.4
-------------------------------------------------------------------------
MB-10-112 0+50 E 1+40 S N180 degrees -55 degrees 224.5 147.2
-------------------------------------------------------------------------
MB-10-113 1+00 E 0+75 S N180 degrees -55 degrees 231.0 101.0
203.3
-------------------------------------------------------------------------
MB-10-114 0+50 E 1+05 N N180 degrees -56 degrees 374.0 267.0
334.1
including 335.3
including 353.6
-------------------------------------------------------------------------
MB-10-115 0+50 E 0+20 S N180 degrees -55 degrees 228.6 178.8
including 187.0
-------------------------------------------------------------------------
MB-10-117 0+02 W 0+43 N N180 degrees -52 degrees 248.0 115.0
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Hole # To Length Grade (grams of
(metres) (metres) gold per tonne) Zone(s)
-------------------------------------------------------------------------
MB-10-102 46.2 1.2 5.14 2
168.5 24.5 0.73 A-T
168.5 8.0 1.78 T
-------------------------------------------------------------------------
MB-10-103 100.2 1.2 4.08 T
-------------------------------------------------------------------------
MB-10-104 126.1 1.8 2.01 E
163.2 2.4 11.89 D1
-------------------------------------------------------------------------
MB-10-105 221.5 18.1 1.32 E-Z
266.9 1.2 7.46 D1
304.0 20.9 1.36 B-C
287.9 1.2 13.05 B
-------------------------------------------------------------------------
MB-10-106 225.9 1.2 6.40 2
277.6 23.3 1.86 EZ
275.2 1.2 28.80 E
317.2 14.1 2.47 D1
315.1 6.0 5.13 D1
374.0 20.5 1.89 C
367.2 5.3 4.30 C1
418.9 33.2 1.22 A-T
407.0 8.1 2.31 T
-------------------------------------------------------------------------
MB-10-107 368.0 80.8 1.21 B-D1-E-X
327.2 3.6 11.06 D1
391.0 12.4 0.44 C2
460.8 32.9 0.42 C1-A-T
-------------------------------------------------------------------------
MB-10-110 206.3 4.3 7.81 T
-------------------------------------------------------------------------
MB-10-111 49.5 1.2 6.51 2
191.5 50.7 0.56 A-B-C-D1-T
189.4 10.0 1.64 T
-------------------------------------------------------------------------
MB-10-112 150.8 3.6 2.03 T
-------------------------------------------------------------------------
MB-10-113 102.0 1.0 4.56 E
214.6 11.3 0.61 T
-------------------------------------------------------------------------
MB-10-114 310.2 43.2 0.35 B-C1-C2
361.4 27.3 0.74 T
336.1 0.8 4.44 T
356.0 2.4 3.11 T
-------------------------------------------------------------------------
MB-10-115 194.4 15.6 1.26 C-D1
193.2 6.2 2.45 C
-------------------------------------------------------------------------
MB-10-117 117.4 2.4 33.19 2
-------------------------------------------------------------------------
* Results for Holes MB-10-108 and 109 are pending. Hole MB-10-116
was abandoned at 71 metres depth due to drilling difficulties.
Quality Control and Qualified Person
Reported intervals are in core lengths but are anticipated to
approximate true width, except where structural complexities occur,
as the holes were drilled nearly perpendicular to the principal
local structural orientation.
Diamond drill holes were drilled with NQ-size core in order to
obtain larger sample volumes of the mineralised zones. The core was
sealed and delivered by the drilling contractor to NioGold's
facilities located at the Norlartic mine site. The core was
photographed for reference, logged and mineralised sections were
sawed in half. Sample lengths vary between 0.5 to 1.5 metres. Half
core samples were bagged, sealed and delivered to ALS Chemex in
Val-d'Or, Quebec, an accredited
laboratory. The remaining core is stored on site for reference.
Samples were assayed by the fire-assay method using an atomic
absorption finish on a 50 gram pulp split. A quality assurance and
quality control program (QA/QC) was implemented by NioGold and the
laboratory to insure the precision and reproducibility of the
analytical method and results. The QA/QC program includes the
insertion of standards, blanks and field duplicates in the sample
batches sent to the laboratory and a systematic re-assaying of
samples returning values above 2 grams of gold per tonne by the
fire-assay method using a gravimetric finish. As well, pulps
grading above 0.5 grams of gold per tonne are sent to Bourlamaque
Assay Laboratories Ltd. in Val-d'Or for check assaying.
Information of a scientific or technical nature in this news
release has been reviewed by Martin
Demers, P. Geo, Manager, Exploration, a Qualified Person as
defined by National Instrument 43-101.
Additional Information
The attached sketch shows the geological context of the Marban
Block property, the position of the drill holes and a plan view of
the Marban Block deposit.
http://files.newswire.ca/734/NR110410_Sketch.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.
Specifically, this news release contains forward-looking
information with respect to future exploration work on the Marban
Block property. Forward-looking information contained in this news
release is based on certain assumptions that the Company believes
are reasonable, that the current price of and demand for gold will
be sustained or will improve. 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,
the risk that actual results of exploration activities will be
different than anticipated, that required supplies, equipment or
personnel will not be available or will not be available on a
timely basis or that the cost of labour, equipment or supplies 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 accidents, labour
disputes and other risks generally associated with exploration,
unanticipated delays in obtaining governmental approvals or
financing or in the completion of exploration 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 not to 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.
SOURCE Aurizon Mines Ltd.
Copyright v. 4 PR Newswire