VANCOUVER, Nov. 8 /CNW/ -- Shares Listed: Toronto Stock Exchange -
Ticker Symbol - ARZ NYSE Amex - Ticker Symbol - AZK U.S.
Registration: (File 001-31893) News Release Issue No. 34 - 2010
VANCOUVER, Nov. 8 /CNW/ - Aurizon Mines Ltd. ("Aurizon") is pleased
to announce the discovery of a major gold-silver-copper-tungsten
mineralized zone on the Rex South property in Nunavik, Northern
Quebec. Twenty (20) other significant mineralized prospects have
also been identified on the property. The main mineralized zone,
which occurs in an area of significant outcrop exposure, has been
recognized over a strike length of 3.3 kilometres and a width of 50
to 200 metres, and is open in all directions. This zone, named the
Augossan Zone, was identified during an initial exploration program
conducted on the property this summer. The program was funded by
Aurizon under the terms of an option agreement with Azimut
Exploration Inc. ("Azimut") announced on May 26, 2010. Grab samples
returned gold grades up to 23.3 g/t Au, silver grades up to 90.0
g/t Ag, copper grades up to 2.56% Cu and tungsten grades up to
0.93% W. Significant values in bismuth (up to 0.13% Bi), molybdenum
(up to 0.11% Mo) and rubidium (up to 0.18% Rb) were also obtained.
- Aurizon considers the Augossan Zone to be a very attractive
exploration target. An initial drilling program is planned for
2011. - The Augossan Zone and several other significant prospects
represent porphyry-type mineralization. This type of deposit is of
considerable economic importance worldwide and includes many
examples of world-class mines. Field observations at Rex South this
summer indicate a very large exploration target, corresponding to a
typical target size for this deposit type. - The identification of
porphyry-type mineralization is considered to be an exploration
breakthrough for this large region of Northern Quebec. Summary of
results (see attached map:
http://files.newswire.ca/734/SketchNR.pdf) The results for 1,079
rock grab samples out of a total of 1,162 have been received and
are reported below. The results take into account all the analyzed
samples, including those from unmineralized or poorly mineralized
areas. The same results are subdivided by prospect in the appendix.
It should be noted that grab samples are selective by nature and
unlikely to represent average grades on the property. - Gold: 134
samples returned grades higher than 0.1 g/t Au, including 30
samples with grades ranging from 1.0 g/t to 23.3 g/t Au - Silver:
151 samples returned grades higher than 1.0 g/t Ag, including 39
samples with grades ranging from 10.0 g/t to 124.0 g/t Ag - Copper:
125 samples returned grades higher than 0.1 % Cu, including 37
samples with grades ranging from 0.5% to 8.25% Cu - Tungsten: 34
samples returned grades higher than 0.05 % W, including 24 samples
with grades ranging from 0.1% to 0.99% W. This is the first time
significant grades of tungsten have been found in Nunavik. Several
areas also returned significant values for the following
commodities: - Bismuth: 39 samples with values ranging from 0.01%
to 0.19% Bi - Molybdenum: 30 samples with values ranging from 0.01%
to 0.35% Mo - Rubidium: 61 samples with values ranging from 0.05%
to 0.18% Rb Property Summary and Outlook The Rex South property is
located approximately 145 kilometres southeast of the Hudson Bay
shoreline and the community of Puvirnituq. The property is 58
kilometres long by 20 kilometres wide in a NW-SE direction. It
comprises 1,822 claims covering a surface area of 794 square
kilometres, including 143 claims for which registration is pending
from the Ministry of Natural Resources and Wildlife of Quebec.
Aurizon can acquire an initial 50% interest in the project by
performing $5.0 million in exploration work over a five (5)-year
period, and an additional 15% interest upon delivery of a bankable
feasibility study (see press release dated May 26, 2010). Rex South
is located in the Archean Minto Subprovince. The mineralized areas
on the property - the Augossan Zone, the Fluo Zone, and the Le
Breuil-N, Larissa and Kumo prospects - are considered porphyry-type
targets associated with granitic intrusions, dykes and their
surrounding host rocks. Other target types considered for the
property are sediment-hosted gold-copper and volcanogenic massive
sulphides. Results of a property-scale airborne geophysical survey
and a detailed lake-bottom sediment geochemical survey are pending.
Azimut and Aurizon will design a comprehensive follow-up
exploration program when all pending results are received and
interpreted. Rock samples were assayed by ALS Chemex in Val-d'Or,
Quebec, using an ICP method. Azimut was the operator of the
program. Field work was carried out by a joint Azimut-Aurizon
exploration team under the direction of François Bissonnette,
Azimut's senior project geologist. This press release was prepared
under the supervision of Martin Demers, P. Geo, Manager,
Exploration, a Qualified Person as defined by National Instrument
43-101, who has also verified the data disclosed including
sampling, analytical and test data. 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 www.aurizon.com. FORWARD LOOKING STATEMENTS
AND INFORMATION This release and attached appendix 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
report is made as of the date of this report. 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 to and the effects
thereof, the entering into of a final agreement with Azimut, the
timing and amount of estimated exploration expenditures, plans and
budgets for and expected timing and results of future exploration
work on the Rex South property. Forward-looking information
contained in this news release is based on certain assumptions that
the Company believes are reasonable. 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 metals will
decline, that the Canadian dollar will strengthen against the U.S.
dollar, 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. APPENDIX Results according to prospect - Rex South
Property, Nunavik, Quebec To date, at least 29 prospects have been
discovered on the Rex South property, including 8 previously
reported historical occurrences (see Azimut press releases dated
May 18, 2010 and December 4, 2009). At the scale of the property,
18 of these prospects define three (3) different mineralized trends
as follows: 1) The Augossan Trend is a 12-kilometres trend striking
NW-SE with the following main areas: Augossan Zone (138 rock
samples, including those from unmineralized sites) - Gold: 0.1 to
23.3 g/t Au (39 samples) - Silver: 1.0 to 90.0 g/t Ag (77 samples)
- Copper: 0.1 to 2.56% Cu (52 samples) - Tungsten: 0.05 to 0.93% W
(20 samples) - Rubidium: 0.05 to 0.18% Rb (40 samples) - Several
samples also returned bismuth values up to 0.13% Bi and molybdenum
up to 0.11% Mo - A consistent envelope of mineralization was
outlined with a minimum strike length of 3.3 kilometres and widths
ranging from 50 to 200 metres; this envelope includes the
historical Pointe-au-Gossan 1 & 2 prospects - Historical best
grades were 47.2 g/t Au and 50 g/t Ag (Pointe-au-Gossan 1), and
27.4 g/t Au, 31.5 g/t Ag and 5.1% Cu (Pointe-au-Gossan 2) -
Mineralization is in the form of disseminations and veinlets of
pyrrhotite, chalcopyrite, pyrite, magnetite, local native copper,
fluorite, molybdenite and arsenopyrite, hosted by sheared mafic
metavolcanics, biotitic gneiss and aplitic/pegmatitic/granitic
dykes - Alteration is dominated by silicification, biotite, garnet,
chlorite and locally cordierite. Fluo Zone (157 rock samples,
including those from unmineralized sites) - Located 1.5 kilometres
northwest and along strike from the Augossan Zone - 1.6 x 0.5
kilometre area of discontinuous but often mineralized outcrops -
Gold: 0.1 to 4.26 g/t Au (15 samples) - Copper: 0.1 to 0.29% Cu (9
samples) - Tungsten: 0.05 to 0.99% W (9 samples) - Rubidium: 0.05
to 0.09% Rb (18 samples) - Several samples also returned bismuth
values up to 0.19% Bi, molybdenum up to 0.36% Mo, and tellurium up
to 61 g/t Te - Mineralization is in the form of pyrite and
chalcopyrite disseminations and veinlets, quartz and magnetite
veinlets, and disseminated molybdenite hosted by porphyritic
fluorite-bearing granite. Qalluviartuuq-NW: Re-sampling of this
historical prospect yielded gold grades up to 6.3 g/t Au, silver up
to 19.4 g/t Ag and copper up to 0.3% Cu. Pegor (55 rock samples,
including those from unmineralized sites) - 1.4 x 0.3 kilometres
area of discontinuous mineralized outcrops - Several samples
returned gold values up to 1.89 g/t Au, silver up to 2.13 g/t Ag
and copper up to 0.11% Cu - Mineralization is in the form of
pyrite, chalcopyrite and bornite disseminations, quartz veins and
veinlets, hosted by mafic volcanics and paragneisses. 2) The Le
Breuil Trend is an 11-kilometres trend striking NW-SE comprising
the following areas: Le Breuil-N: Several samples with gold values
up to 0.74 g/t Au, silver up to 3.9 g/t Ag, copper up to 0.19% Cu
and molybdenum up to 0.14% Mo. The samples were from sheared mafic
volcanics with pegmatitic granitic dykes. Qalluviartuuq-S: Several
samples returned gold values up to 1.1 g/t Au, silver up to 24.9
g/t Ag, copper up to 0.67% Cu, and tungsten up to 0.23% W.
Ile-aux-Mulots 1 & 2: Historically reported mineralized samples
from these two prospects included 26.0 g/t Ag, 2.34% Cu and 14.2%
Zn (Ile- aux-Mulots 1), and 2.5 g/t Au, 25.9 g/t Ag and 1.8% Cu
(Ile-aux Mulots 2). Re-sampling yielded anomalous gold (up to 0.28
g/t Au), silver (up to 4.6 g/t Ag), copper (up to 0.46% Cu) and
zinc (up to 0.43% Zn). Mineralization is hosted by mafic and felsic
volcanics and porphyritic dykes. Qalluviartuuq-SW: Historically
reported mineralized samples from this prospect included 1.2 g/t
Au, 14.0 g/t Ag and 1.1% Cu. Re-sampling yielded anomalous gold (up
to 0.67 g/t Au), silver (up to 4.5 g/t Ag) and copper (up to 0.49%
Cu). Mineralization is hosted by mafic volcanics and paragneisses.
Anorthosite 1 & 2: Previously reported mineralized samples from
this historical prospect included 33.0 g/t Au, 26.0 g/t Ag, 6.4% Cu
and 0.18% Zn (Anorthosite 1), and 1.4 g/t Au and 0.53% Cu
(Anorthosite 2). Re-sampling yielded mineralized values for gold
(up to 6.4 g/t Au), silver (up to 10.4 g/t Ag) and copper (up to
1.6% Cu). Mineralization is hosted within a variably sheared
feldspathic intrusion. 3) The Larissa Trend is a 12-kilometres
trend striking NW-SE comprising the following main prospects:
Larissa: Several samples returned silver values up to 8.5 g/t Ag,
copper up to 2.1% Cu and cobalt up to 842 ppm Co. Mineralization is
hosted by breccia veins containing pyrrhotite, pyrite, chalcopyrite
and bornite within a felsic intrusion. Alteration was observed as
veins of chlorite, epidote and magnetite. Agaku 1 & 2: Several
samples returned silver grades up to 7.5 g/t Ag and copper up to
1.97% Cu. The samples are associated with magnetite and
magnetite-hematite veinlets in a granite (Agaku 1), or associated
with cordierite and chlorite in a paragneiss (Agaku 2). Agaku 3:
Several samples returned silver grades up to 4.8 g/t Ag and copper
up to 0.49% Cu. Mineralization is in the form of pyrite and
chalcopyrite with minor bornite disseminations and quartz veinlets,
hosted by granitic and pegmatitic facies. Other new significant
prospects, from north to south: Kumo: 8 samples returned silver
grades ranging from 11.0 to 124.0 g/t Ag and copper from 1.11% to
8.25% Cu; several samples yielded anomalous gold (up to 0.33 g/t
Au), cobalt (up to 691 ppm Co), molybdenum (up to 0.14% Mo),
rhenium (up to 0.50 g/t Re) and tellurium (up to 36.5 g/t Te).
Qalluviartuuq-N: 3 samples with gold grades up to 0.96 g/t Au,
silver up to 31.4 g/t Ag, copper up to 6.64 % Cu, bismuth up to
0.11% Bi and tellurium up to 85.7 g/t Te. Le Breuil-E 1 & 2:
Several samples with gold grades up to 0.9 g/t Au, silver up to
15.6 g/t Ag, copper up to 1.8% Cu, and zinc up to 0.46% Zn. 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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