Aurizon Mines Ltd. (TSX:ARZ)(NYSE MKT:AZK)(NYSE Amex:AZK) is
pleased to report additional results from the Phase Two drill
program conducted under the terms of the Aurizon Mines Ltd.
("Aurizon") earn-in option on the Marban property, located in the
Malartic gold camp, Abitibi region of Quebec. Previously released
results from the Phase Two drill program were reported in Aurizon's
news releases March 1 and April 26, 2012.
Results from 22 new drill holes and three (3) extensions of
previous holes were obtained on the Marban gold deposit and are
included in this release. The drill results are tabled on the
following pages.
These new results highlight the presence of wide mineralised
intervals, as well as smaller high grade intervals located mainly
within the Western High Grade Zone ("WHGZ"), which is located
immediately west of the former Marban Mine, from surface down to a
depth of 250 metres.
Drilling highlights include:
-- The best results from the in-fill drill holes on the Western High Grade
Zone (WHGZ) returned the following results:
-- 5.13 grams of gold per tonne over 6.0 metres on section 3700 at a
vertical depth of 230 metres (MB-12-282)
-- 4.67 grams of gold per tonne over 13.0 metres on section 3675 at a
vertical depth of 140 metres (MB-12-284)
-- 7.28 grams of gold per tonne over 7.2 metres on section 3650 at a
vertical depth of 125 metres (MB-12-297)
-- 26.10 grams of gold per tonne over 1.2 metres and 39.50 grams of
gold per tonne over 1.0 metre on section 3650 at a vertical depth of
95 and 130 metres respectively (MB-12-297)
-- 24.60 grams of gold per tonne over 1.2 metres on section 3575 at a
vertical depth of 30 metres (MB-12-300)
-- 45.80 grams of gold per tonne over 1.0 metre on section 3800 at a
vertical depth of 75 metres (MB-12-306)
The 25 holes are distributed along a strike length of 950 metres
with an average depth of 250 metres. Every hole returned one to
four mineralized intervals with grades varying from 0.8 to 45.8
grams of gold per tonne over core length of 0.5 to 13 metres. As
the core angle of mineralized structures varies slightly between 80
and 90 degrees, mineralized intervals are assumed to be true
width.
The Phase Two program to date totals 90 holes and nine (9)
extensions of previous holes for 34,656 metres drilled. An updated
mineral resource estimate based on the Phase One drill results, as
well as basic technical studies, including metallurgical test work,
should be completed by the end of the second quarter, 2012.
Marban deposit drilling
The 2010-2012 drill programs have confirmed that mineralization
extends between surface and an approximate depth of 250 metres,
where previous mining operations took place. The programs also led
to the discovery of the shallow area called the Western High Grade
Zone and the identification of the Eastern Down Dip Zone. The
Eastern Down Dip Zone is located below a vertical depth of 250
metres and remains open at depth and laterally.
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 NioGold Mining Corporation ("NioGold") and
Aurizon. The initial 50% interest can be earned by incurring
expenditures of $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 news release dated July 6,
2010).
Technical Information, Quality Control and Qualified Persons
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, except for
holes that traversed underground workings which were completed
using BQ-size core. 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. The halved 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.
The drill program is conducted under the supervision of Yan
Ducharme, M.Sc., P.Geo. (OGQ), NioGold's Vice president of
Exploration and a qualified person as defined by National
Instrument 43-101. This news release was prepared under the
supervision of Martin Demers, P.Geo., Aurizon's General Manager,
Exploration and a Qualified Person under National Instrument
43-101, based on information made available by NioGold and verified
by personnel of Aurizon.
Drill results - Marban Deposit
----------------------------------------------------------------------------
East- Nort- Hole Len- Grade
ing hing Length From To gth (g/t
Hole (m) (m) Azimuth Dip (m) (m) (m) (m) Au) Zones
----------------------------------------------------------------------------
MB-12-274 4500 3941 N180 -59 480.0 57.6 67.2 9.6 0.99 2
degrees degrees 211.2 211.7 0.5 11.10 J
285.2 290.0 4.8 4.34 M
422.3 424.6 2.3 4.74 (i)
----------------------------------------------------------------------------
MB-12-275 4350 3840 N180 -48 345.0 29.7 30.2 0.5 24.20 2
degrees degrees 48.3 59.3 11.0 0.81 E
----------------------------------------------------------------------------
MB-12-278 4100 4220 N180 -56 512.0 35.1 41.5 6.4 0.87 (i)
degrees degrees 331.1 335.6 4.5 4.34 B
353.0 362.4 9.4 1.50 C2
----------------------------------------------------------------------------
MB-12-279 3950 4030 N180 -45 314.0 249.1 257.0 7.9 0.56 T
degrees degrees
----------------------------------------------------------------------------
MB-12-281 3725 4320 N180 -47 461.0 376.2 380.8 4.6 3.15 E
degrees degrees
----------------------------------------------------------------------------
MB-12-282 3700 4230 N180 -48 401.0 112.8 113.7 0.9 4.57 (i)
degrees degrees 301.4 307.4 6.0 5.13 E
incl 301.4 302.5 1.1 16.35 E
313.2 314.4 1.2 8.55 D1
----------------------------------------------------------------------------
MB-12-283 3725 4185 N180 -47 380.0 261.7 267.7 6.0 3.23 E
degrees degrees 274.5 280.1 5.6 3.02 D1
----------------------------------------------------------------------------
MB-12-284 3675 4160 N180 -47 332.0 148.4 149.6 1.2 5.26 (i)
degrees degrees 185.6 198.6 13.0 4.67 2
----------------------------------------------------------------------------
MB-12-285 3750 4100 N180 -46 312.0 151.4 152.5 1.1 12.40 2
degrees degrees 177.5 178.1 0.6 12.45 Z
189.4 190.3 0.9 4.24 (i)
226.5 227.5 1.0 7.69 E
263.2 264.7 1.5 4.82 A
----------------------------------------------------------------------------
MB-12-287 3950 4245 N180 -45 485.0 162.2 163.4 1.2 39.10 (i)
degrees degrees 231.4 232.5 1.1 5.58 2
313.9 314.8 0.9 11.55 E
381.0 392.0 11.0 1.75 A
416.1 426.3 10.2 1.79 T
----------------------------------------------------------------------------
MB-12-289 3850 4145 N180 -45 390.0 221.4 222.3 0.9 5.51 Z
degrees degrees
----------------------------------------------------------------------------
MB-12-290 3850 4075 N180 -45 332.0 163.3 164.5 1.2 14.90 Z
degrees degrees 168.6 170.5 1.9 8.32 Z
----------------------------------------------------------------------------
MB-12-294 3550 4135 N180 -51 270.0 58.2 59.4 1.2 3.27 (i)
degrees degrees
----------------------------------------------------------------------------
MB-12-297 3650 4085 N180 -52 294.0 117.0 118.2 1.2 26.10 (i)
degrees degrees 151.6 158.8 7.2 7.28 2
164.0 165.0 1.0 39.50 Z
188.8 192.4 3.6 5.20 E
----------------------------------------------------------------------------
MB-12-298 3550 4070 N180 -50 230.0 63.0 64.2 1.2 6.77 (i)
degrees degrees
----------------------------------------------------------------------------
MB-12-300 3575 4000 N180 -51 284.0 34.2 35.4 1.2 24.60 2
degrees degrees
----------------------------------------------------------------------------
MB-12-301 3625 4000 N180 -51 240.0 135.0 136.9 1.9 2.57 E
degrees degrees
----------------------------------------------------------------------------
MB-12-302 3650 4025 N180 -51 246.0 153.2 157.5 4.3 1.19 E
degrees degrees
----------------------------------------------------------------------------
MB-12-303 3650 3965 N180 -50 207.0 120.9 122.0 1.1 6.10 E
degrees degrees
----------------------------------------------------------------------------
MB-12-304 3600 3895 N180 -51 201.0 53.8 65.4 11.6 1.25 E
degrees degrees
----------------------------------------------------------------------------
MB-12-305 3675 4020 N180 -47 252.0 94.4 95.6 1.2 5.58 2
degrees degrees 160.2 162.6 2.4 5.43 E
----------------------------------------------------------------------------
MB-12-306 3800 4035 N180 -49 273.0 98.7 99.7 1.0 45.80 (i)
degrees degrees
----------------------------------------------------------------------------
MB-07-016ext 4550 3844 N180 -60 210.0 222.0 223.2 1.2 1.90 (i)
degrees degrees
----------------------------------------------------------------------------
MB-08-055ext 4250 4210 N180 -63 390.0 437.2 447.9 10.7 2.04 C1
degrees degrees to 460.0 461.2 1.2 6.34 A
571.0
----------------------------------------------------------------------------
MB-08-069ext 4050 4050 N180 -63 224.0 237.3 245.4 8.1 1.66 B
degrees degrees to 293.6 294.2 0.6 6.14 A
371.0
----------------------------------------------------------------------------
Note: (i) The intersections which are not referenced under Zones are not
associated with any currently identified zones.
----------------------------------------------------------------------------
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 MKT under the symbol "AZK". Additional information
on Aurizon and its properties is available on Aurizon's website at
www.aurizon.com.
To view the image associated with this release, please visit the
following link: http://media3.marketwire.com/docs/arz612i.pdf.
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 is based on information available to the Company 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 in this news release includes future
exploration work, expected timing of an updated resource estimate
on the Marban property, and future technical studies and test work.
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",
"intents", "anticipates", or "believes", "has the potential", 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.
Such forward-looking information is based on a number of
assumptions, including but not limited to those set out in this
news release and the Company's annual information form ("AIF") for
its most recent year end filed on SEDAR. Such assumptions include
those relating to US : Canadian dollar exchange rates, gold price
per ounce, anticipated fuel prices, that the availability of
experienced personnel and suppliers for the project, that equipment
will be available when required and at estimated costs, that no
unforeseen accident, fire ground instability, flooding, labour
disruption, equipment failure, metallurgical, environmental or
other events that could delay or increase the cost of development
will occur, that the results of exploration activities will be
consistent with the Company's expectations, that the current price
of and demand for gold will be sustained or will improve, that the
supply of gold will remain stable, that the general business,
political and economic conditions as well as those specific to the
Company's operations will not change in a material adverse manner,
and that financing will be available if and when needed on
reasonable terms.
Forward-looking information is by nature uncertain and involves
foreseeable and unforeseeable risks and other factors which may
cause the actual outcomes, costs, timing and performance to be
materially different from those anticipated by such information.
Such risks and factors include, among others, the risk that any of
the assumptions on which the forward-looking information is based
prove to be incorrect or invalid, the risk of unexpected variations
in grade, of failure of equipment, of accidents, labor disputes,
unanticipated delays in obtaining results or governmental approvals
or financing, or in the completion of exploration programs,
including costs of labour, equipment and materials, of an
undiscovered defect in title or other adverse claim, 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, and other risks generally associated with exploration,
development and mining activities that may affect the reliability
of the forward looking information herein, including those
described in Aurizon's AIF and in Aurizon's Annual Report on Form
40-F ("40-F") filed with the United States Securities and Exchange
Commission. The AIF and 40-F are available respectively on Sedar at
www.sedar.com and on Edgar at www.sec.gov/. There may be factors in
addition to those described herein or in the AIF or 40-F that cause
actions, events or results not to be as anticipated, estimated or
intended and 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. Readers are
cautioned not to place undue reliance on forward-looking
information due to the inherent uncertainty thereof.
Contacts: Aurizon Mines Ltd. George Paspalas President & CEO
604-687-6600 Aurizon Mines Ltd. Martin Bergeron Vice President
Operations 819-874-4511 Aurizon Mines Ltd. Investor Relations
604-687-6600 or Toll Free: 1-800-411-GOLD (4653) 604-687-3932
(FAX)info@aurizon.com or jennifer.north@aurizon.com
www.aurizon.com
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