Toronto Stock Exchange - Ticker Symbol - ARZ
American Stock Exchange - Ticker Symbol - AZK
U.S. Registration: (File 001-31893)
VANCOUVER, June 12 /CNW/ - Aurizon Mines Ltd. (TSX:ARZ; AMEX: AZK) is
pleased to report that it has defined several gold targets from its 2007
exploration activity and has commenced a $500,000 exploration program
including prospecting, drilling and trenching at its 100 percent owned Kipawa
project in north-western Quebec, Canada.
The Kipawa project is located approximately 100 kilometres south of
Rouyn-Noranda, in the Temiscaming region, along the provincial border. The
project was initially acquired by Aurizon on the basis of a government
regional stream sediment survey.
The Southern block is located in the Kipawa alkaline intrusive complex,
in an area already known from public files for its gold anomalies in till and
for its rare earth and uranium potential.
Following the first phase of prospecting, till survey and hammer
prospecting, on an area of approximately 600 square kilometres, two
exploration targets for gold mineralization, each covering ten square
kilometres, have been identified in the Southern block of the Kipawa property.
In the Trout area, an induced polarization ("IP") survey performed up
trend of previously discovered gold in till anomalies has identified fifteen
elongated conductive zones, which will be tested by trenching and drilling. A
geochemical soil survey covering over 500 metres along the main structure, in
the Great Land area, identified targets for a drilling and trenching program.
The Northern block covers an area of 660 square kilometres on highly
metamorphosed Archean rocks of the Grenville Front geological province.
Previous stream sediments sampling programs from the Ministère des Resources
Naturelles du Quebec (PRO-97-04) identified clusters of anomalous gold values
in the area.
Initial field work resulted in the collection of 234 till samples using a
spacing interval of 0.5 kilometres. Five gold bearing dispersion trains have
been identified in the Northern block. Additional sampling inside the
dispersion trains resulted in the identification of gold grain concentrations
in four (4) trains. The grains were sub-rounded to delicate shape which
indicates that the samples could be close to the source of the potential gold
Rock chips taken on sampling sites returned occasional anomalous values
between 30 and 100 ppb gold inside three (3) of the four (4) gold trends.
A follow up program comprising hammer prospecting and detailed sampling
Drilling and trenching of more advanced targets will be performed as soon
as the appropriate permits and approvals are obtained, which is expected to
occur in the third quarter of 2008. The initial gold exploration budget for
2008 is $500,000.
Aurizon has continuously worked in close collaboration with the First
Nation communities of Eagle Village and Wolf Lake over the last two years, and
expects to incorporate into an agreement, the foundation for developing
mineral potential in the Kipawa area.
Qualified Person and Quality Control
Assays were performed on grab samples, averaging two kilograms. Gold
determination is obtained by standard fire assay together with ion couple
plasma mass spectrometry finition with a detection limit of 0.001 ppm. Field
duplicates, certified reference materials and blanks are inserted in the
sample sequence for quality control. Exploration assaying is performed at ALS
Chemex, located in Val-d'Or, Quebec.
Information of a scientific or technical nature in this news release,
work, sampling, implementation and the quality control program has been
prepared by or under the supervision of Martin Demers, P.Geol. Exploration
Manager, qualified person as defined by National Instrument 43-101.
One sketch is attached showing the relevant area of the Kipawa Project
and results. All other information previously released on the Kipawa Project
is also available on the Aurizon website.
To view the sketch accompanying this release please click on the
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 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 American Stock Exchange 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
This News Release contains "forward-looking statements". These
forward-looking statements include, but are not limited to, statements
regarding the Company's strategic plans, expectations, budgets and work
programs. Forward-looking statements express, as at the date of this News
Release, the Company's plans, estimates, forecasts, projections, expectations,
or beliefs as to future events or results and the Company does not intend, and
does not assume any obligation to update these forward-looking statements. In
certain cases, forward-looking statements can be identified by the use of
words such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "intends", "anticipates" or "does not
anticipate", "believes", 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". We caution that forward-looking
statements involve a number of risks and uncertainties, and there can be no
assurance that such statements will prove to be accurate. Therefore, actual
results and future events could differ materially from those anticipated in
such statements. Factors that could cause results or events to differ
materially from current expectations expressed or implied by the
forward-looking statements, include, but are not limited to changes in project
parametres as plans continue to be refined; possible variations in grade or
recovery rates; accidents, labour disputes and other risks of the mining
industry; or in the delays in the completion of exploration activities,
environmental risks and hazards, risks of delays in construction and other
risks more fully described in Aurizon's Annual Information Form filed with the
Securities Commissions of the provinces of British Columbia, Alberta,
Manitoba, Ontario and Quebec, and in Aurizon's Annual Report on Form 40-F
filed with the United States Securities and Exchange Commission. These
documents are available on Sedar at www.sedar.com and on Edgar at www.sec.gov.
For further information:
For further information: David P. Hall, President and C.E.O., Telephone:
(604) 687-6600, Toll Free: 1-888-411-GOLD, Fax: (604) 687-3932; Michel
Gilbert, Vice President & C.F.O., Telephone: (819) 874-4511, Fax: (819)
874-3391; Web Site: www.aurizon.com; Email: email@example.com; or Renmark
Financial Communications Inc., 2080 Rene-Levesque Blvd., West Montreal, QC,
H3H 1R6, Barry Mire: firstname.lastname@example.org, Jen Power:
email@example.com, Media - Vanessa Napoli:
firstname.lastname@example.org, Tel: (514) 939-3989, Fax: (514) 939-3717,
AURIZON MINES LTD., Suite 3120 - 666 Burrard Street, Vancouver, BC, V6C 2X8