Shares Listed: Toronto Stock Exchange - Ticker
Symbol - ARZ
NYSE Amex: - Ticker Symbol - AZK
U.S. Registration: (File 001-31893)
News Release Issue # 38 - 2010
VANCOUVER,
Dec. 21 /PRNewswire/ - Aurizon Mines
Ltd. (TSX: ARZ; NYSE Amex: AZK) is pleased to report the results of
recent drilling along Zone 123 from the exploration drift on the
810 metre level at its Casa Berardi Mine in north-western
Quebec.
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 Gilles Carrier P. Eng., Principal Exploration
Geologist.
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 December 31, 2010.
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 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/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 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 Zone 123 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.
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.
Copyright . 21 PR Newswire