Shares Listed: Toronto Stock Exchange - Ticker Symbol - ARZ
NYSE Amex: - Ticker Symbol - AZK
U.S. Registration: (File 001-31893)
VANCOUVER, Sept. 1 /CNW/ - Aurizon Mines Ltd. (TSX: ARZ; NYSE Amex: AZK)
is pleased to report the results of recent exploration drilling along the
newly completed exploration drift, on the 810 metre level, at its Casa Berardi
Mine, in north-western Quebec.
Since the re-commencement of operations at Casa Berardi, the priority has
been to confirm the viability of the initial mineral reserves, to renew
mineral reserves and to upgrade inferred mineral resources to the indicated
Following the successful accomplishment of these objectives, the current
exploration priority is to focus on the discovery of new lenses and to
delineate inferred mineral resources. Part of the current exploration program
is focussed along Zones 118-120, located between a vertical depth of
approximately 650 and 1,100 metres, (elevation 4,350 to elevation 3,900)
approximately 650 metres east of the West Mine production shaft.
Five holes have been completed along the same section in Zone 120, 650
metres east of the existing shaft, collared from the 810 metre level
exploration drift. The results from two of the five holes have returned high
grade intersections in quartz veins such as 16.8 grams of gold per tonne over
5.3 metres (true thickness) in hole CPB-0057, and 18.9 grams of gold per tonne
over 4.0 metres (true thickness) in hole CPB-0058 that confirms the continuity
of the structure and the consistency of mineable grades over 200 metres on the
The results from Hole CBP-0058 confirm the gold mineralisation
encountered in hole CBP-0009 previously drilled in 2006. Assays are pending on
the additional three holes.
East From To Gold grade True width
Hole (metres) (metres) (metres) (grams/tonne) (metres)
CBP-0058 12 050 E 288.9 314.3 7.4 12.0
incl 303.5 311.0 18.9 4.0
CBP-0057 12 050 E 228.8 235.2 16.8 5.3
The mineralized corridor identified in this area by previous surface and
underground drilling programs (see Aurizon news release dated November 10,
2006) is approximately 400 metres wide and follows a moderate west plunge. The
mineralized metric veins, stockworks, and sulphide bearing structures fill the
contact between folded competent rock units such as conglomerate and the Casa
"The continuity of a number of thick quartz veins over the same vertical
extension as some of the main zones of the Casa Berardi deposit indicate
potential to extend mineral reserves east of the current shaft", said Jeannot
Boutin P. Eng., Mine geology superintendant, "The recently completed 810
exploration drift has created a drilling base along 900 metres of promising
ground" he adds.
An exploration budget of $15 million was approved for this year, to
complete 40,000 metres of underground and surface drilling and 1,900 metres of
underground exploration drift access. Drilling will continue from the 810
metre exploration drift. A new mineral resource estimate is expected to be
completed as at December 31, 2009. Nine (9) rigs are active on the property.
Core assays are performed on core sawed in half, with standard fire assay
procedures and atomic absorption finish. Certified reference material,
duplicate and blanks are inserted in the sample sequence for quality control.
Assay checking on pulp and coarse reject 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 Swastika lab in Ontario. The QA/QC program is performed at
ALS Chemex lab in Val d'Or.
Drill hole planning, implementation and the quality control program is
supervised by Jeannot Boutin, P.Eng, Mining Geology superintendant, an
appropriately qualified person as defined by National Instrument 43-101. Mr.
Boutin is also responsible for the scientific and technical information in
this news release.
One sketch is attached showing the Casa Berardi mine. All other
information previously released, together with all technical reports on Casa
Berardi are available on the Aurizon website at www.aurizon.com.
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
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 to estimated mineral resources, anticipated effects of drill results
on the Casa Berardi project, estimated mineral reserves and timing and
expectations of future development, exploration and 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 reserve and 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, labour
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 reserves and 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 reserves and
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.
CAUTIONARY NOTE TO US READERS
As a British Columbia corporation, the Company is subject to certain
rules and regulations issued by the British Columbia Securities Commission
("BC Securities Commission"). The Company is required to provide detailed
information regarding its properties including mineralization, drilling,
sampling and analysis, security of samples and mineral resource and mineral
reserve estimates. Further, the Company describes mineral resources associated
with its properties utilizing terminology such as "indicated" or "inferred"
which terms are recognized by Canadian regulations but are not recognized by
the United States Securities and Exchange Commission ("SEC").
Cautionary Note to U.S. Investors Regarding Mineral Resources
The SEC allows mining companies, in their filings with the SEC, to
disclose only those mineral deposits they can economically and legally extract
or produce. The Company may use certain terms in this document, such as
"mineral resources", "indicated mineral resources" and "inferred mineral
resources" that are recognized and mandated by Canadian securities regulators
but are not recognized by the SEC.
This News Release may use the term "indicated" mineral resources. U.S.
readers are cautioned that while that term is recognized and required by
Canadian regulations, the SEC does not recognize it. U.S. investors are
cautioned not to assume that any part or all of mineral deposits in this
category will ever be converted into mineral reserves.
This News Release may also use the term "inferred" mineral resources.
U.S. readers are cautioned that while this term is recognized and required by
Canadian regulations, the SEC does not recognize it. "Inferred resources" have
a great amount of uncertainty as to their existence, and great uncertainty as
to their economic and legal feasibility. It cannot be assumed that all or any
part of an inferred mineral resource will ever be upgraded to a higher
category. Under Canadian rules, estimates of inferred mineral resources may
not form the basis of feasibility or pre-feasibility studies, except in rare
cases. U.S. investors are cautioned not to assume that part or all of an
inferred resource exists, or is economically or legally mineable.
For further information:
For further information: AURIZON MINES LTD., David Hall, President and
C.E.O., Telephone: (604) 687-6600, Toll Free: 1-888-411-GOLD, Fax: (604)
687-3932; Michel Gilbert, Vice President, Telephone: (819) 874-4511, Fax:
(819) 874-3391; Web Site: www.aurizon.com; Email: firstname.lastname@example.org or Renmark
Financial Communications Inc., 2080 Rene-Levesque Blvd. West, Montreal, QC,
H3H 1R6, Barry Mire: email@example.com; Maurice Dagenais:
firstname.lastname@example.org; Media: François Trépanier:
email@example.com, Tel: (514) 939-3989, Fax: (514) 939-3717