Aurizon Mines Ltd.: Preliminary Metallurgical Testwork at Marban Indicates Favourable Gold Recoveries
Published : April 24, 2012
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 24, 2012) - Aurizon Mines Ltd. (News - Market indicators)(NYSE Amex:AZK) is pleased to announce the results of preliminary metallurgical testing for two composite samples from the Marban property conducted by SGS Mineral Services. Ore cyanidation testing produced results ranging from 95.4% to 97.6% gold recoveries. The Marban property is located in the Malartic gold camp in the Abitibi Region of Quebec.

Two gold-bearing composite samples were examined at the SGS Mineral Services. The #1 composite, containing an assay grade of 1.24 grams of gold per tonne, was designed to test the metallurgical response of a lower grade envelope. The #2 composite, containing an assay grade of 4.59 grams of gold per tonne, was designed to test the metallurgical response of a higher grade envelope. After 48 hours, gold recoveries ranged from 95.4% to 97.6% for composite #1 and 95.7% to 97.3% for composite #2. Finer grinding typically increased the gold recovery at the cost of higher cyanide consumption.

Table #1 Ore cyanidation recovery results
Sample Size P80
(micron)
Recovery 24 hours (%) Recovery 48 hours (%) Calculated Head grade (g/t Au)
Comp. 1 173 86.0 95.4 1.19
Comp. 1 83 87.2 96.5 1.15
Comp. 1 62 86.5 97.6 1.24
Comp. 2 153 76.6 95.7 4.95
Comp. 2 82 83.6 97.3 4.82
Comp. 2 62 76.2 97.0 4.90

Gravity separation testing on the #1 composite showed a 41.3% Gravity Recoverable Gold (GRG). Gravity separation testing on the #2 composite showed a 56.5% GRG. The combination of gravity recovery and cyanidation of the gravity tail did not increase the overall gold recovery. This demonstrates that while this concept could be beneficial from a plant design perspective, gravity recovery is not essential to obtaining good recoveries from these two composites.

Table #2 Gravity recovery
Samples GRG (Gravity Recoverable Gold) (%) Gravity concentrate grade (g/t) Calculated Head grade
(g/t Au)
Comp. 1 41.3 756 1.03
Comp. 2 56.5 4061 4.19

Bond ball mill testing indicated that the two composites fell in the medium-soft to medium range of hardness compared to the SGS database (10.1-10.9 kWh/t).

While this test work is preliminary in nature and has only been performed on two composite samples, the Company is very pleased with these initial results which suggest high gold recoveries utilizing conventional processes.

Testing on the residue samples from composite #1 and #2 suggests that acid generation is highly unlikely to occur from these samples.

Aurizon can earn up to a 65% interest the Marban Block property under the terms of an option agreement dated July 5, 2010 between NioGold Mining Corporation ("Niogold") and Aurizon. The initial 50% interest can be earned by incurring expenditures of C$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).

Qualified Person and Quality Control

Samples selection, collection and preparation was conducted under the supervision of Yan Ducharme, M.Sc., P.Geo. (OGQ), Niogold's Exploration Manager and a Qualified Person as defined by National Instrument 43-101. 

Information regarding the metallurgical testwork has been prepared by or under the supervision of Simon Lacasse, eng, Project Officer - Metallurgy of Aurizon Mines Ltd. and a Qualified Person as defined by National Instrument 43-101.

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 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. 

Specifically, this news release contains forward-looking information regarding metallurgical testworks with respect to gold recoveries and acid generation on the Marban property. Forward-looking information contained in this news release is based on certain assumptions that the Company believes are reasonable, including the assumptions that the current price of and demand for gold will be sustained or will improve. 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 and test work 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 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 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.

U.S. Registration (File 001-31893)



Aurizon Mines Ltd.
George Paspalas
President & CEO
604-687-6600
or
Aurizon Mines Ltd.
Martin Bergeron
Vice President Operations
819-874-4511
or
Aurizon Mines Ltd.
Investor Relations
jennifer.north@aurizon.com
or
Aurizon Mines Ltd.
604-687-6600 or Toll Free: 1-800-411-GOLD (4653)
604-687-3932 (FAX)
info@aurizon.com
www.aurizon.com
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Aurizon Mines Ltd

PRODUCER
CODE : ARZ.TO
ISIN : CA05155P1062
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Aurizon Mines is a gold producing company based in Canada.

Aurizon Mines holds various exploration projects in Canada.

Its main asset in production is CASA BERARDI in Canada, its main asset in development is JOANNA in Canada and its main exploration properties are DUVERNY, PATRIS, OPINACA, REX SOUTH, MARBAN MINE, KIPAWA, FAYOLLE and JOANNES in Canada.

Aurizon Mines is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 27.5 millions as of today (US$ 21.1 millions, € 18.3 millions).

Its stock quote reached its lowest recent point on December 31, 2001 at CA$ 0.21, and its highest recent level on September 16, 2016 at CA$ 8.75.

Aurizon Mines has 63 960 000 shares outstanding.

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Annual reports of Aurizon Mines Ltd
2008 Annual Report
2007 Annual Report
2005 Annual report
Financings of Aurizon Mines Ltd
2/2/2011AURIZON ANNOUNCES US$50 MILLION REVOLVING CREDIT FACILITY
Option Grants of Aurizon Mines Ltd
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Nominations of Aurizon Mines Ltd
1/18/2013Aurizon Appoints a Special Committee to Evaluate Offer
8/26/2011Announces Vice President, Corporate Development Resignation
8/15/2011George Paspalas Joins Aurizon as Chief Executive Officer; Da...
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Financials of Aurizon Mines Ltd
5/15/2013Aurizon Reports First Quarter 2013 Financial Results
3/14/2013Aurizon Reports 2012 Financial Results
11/8/2012Aurizon Reports Third Quarter 2012 Financial Results
8/9/2012Aurizon Reports Second Quarter 2012 Financial Results
5/10/2012Aurizon Reports First Quarter 2012 Financial Results
3/15/2012Aurizon Reports 2011 Financial Results
8/11/2011Aurizon Reports Second Quarter 2011 Results
5/16/2011AURIZON REPORTS FIRST QUARTER 2011 RESULTS
8/14/2009reports record revenues and cash flow in second quarter 2009
5/13/2009Reports Highlights Of First Quarter 2009 Results
3/11/2009Reports 2008 Financial Results
11/6/2008Third Quarter 2008 Results
11/6/2008Reports Highlights Of Third Quarter 2008 Results
8/8/2008Reports Highlights Of Second Quarter 2008 Results
5/7/2008Reports Highlights Of First Quarter 2008 Results
3/19/2008 Reports 2007 Financial Results
Project news of Aurizon Mines Ltd
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6/12/2012Aurizon Mines Ltd.: Marban's Phase Two Drill Program Results...
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4/4/2012(Rex South)Aurizon Announces Results from the 2011 Exploration Program ...
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9/22/2011(Marban Mine) Two New High Grade Gold Zones Discovered at Marban
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5/25/2011(Marban Mine)AURIZON REPORTS FURTHER RESULTS FROM MARBAN BLOCK
4/14/2011(Marban Mine)AURIZON REPORTS FURTHER DRILL RESULTS FROM MARBAN
3/13/2011(Casa Berardi)AURIZON REPORTS A 44% INCREASE IN MINERAL RESERVES FOR THE C...
2/15/2011(Rex South)AURIZON AND AZIMUT RE-EVALUATE TUNGSTEN VALUES ON THE COPPER...
1/21/2011(Marban Mine)AURIZON ANNOUNCES 9=2E06 GRAMS OF GOLD PER TONNE OVER 7=2E3 ...
1/11/2011AURIZON ANNOUNCES 2010 PRODUCTION RESULTS AND 2011 PLANS
9/1/2009Aurizon Intersects 18.9 Grams of Gold per Tonne Over 4.0 Met...
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2/20/2009(Casa Berardi)Reports Mineral Reserve Renewal And Mineral Resource Update ...
1/26/2009(Joanna): Grade and Thickness Confirmed Along the North Zone at Joan...
12/11/2008(Joanna)Infill Drilling Program Completed At Joanna 116 Grams Of Gol...
6/13/2008(Kipawa)Reports Additional Rare Earth And Uranium Results At Kipawa ...
5/12/2008(Joanna) Commissions Pre-Feasibility Study At Joanna
4/23/2008(Joanna) Reports Further Results From Its Joanna Property Including ...
4/2/2008(Casa Berardi)Provides Mineral Reserves And Resources Update
Corporate news of Aurizon Mines Ltd
5/30/2013Aurizon Announces Results of Hecla Arrangement Consideration...
5/28/2013Aurizon Announces Receipt of Investment Canada Act Approval
5/22/2013Aurizon Announces Change to Election Deadline to May 29, 201...
5/21/2013Aurizon Announces Extension of Election Deadline
5/10/2013Aurizon Receives Final Court Approval of Plan of Arrangement
5/9/2013Aurizon Securityholders Approve Plan of Arrangement
5/8/2013Aurizon Announces Preliminary Results of Hecla Arrangement C...
5/6/2013Aurizon Reminds Shareholders of Election Deadline
5/1/2013Aurizon Reminds Shareholders of Important Vote Deadline of M...
5/1/2013Reminds Shareholders of Important Vote Deadline of May 7, 20...
4/24/2013Announces That Leading Independent Proxy Advisory Firm Insti...
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3/19/2013Aurizon Responds to BCSC Decision to Cease Trade New Shareho...
3/18/2013Aurizon Reiterates Rejection of the Financially Inadequate A...
3/12/2013Aurizon Announces Hearing on New Shareholder Rights Plan
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2/15/2013(Casa Berardi)Aurizon Reports Mineral Reserve Replenishment and an Increas...
2/12/2013Aurizon Announces Hearing on Shareholder Rights Plan
2/8/2013Aurizon Mails Shareholder Rights Plan Materials
1/30/2013Aurizon Provides Update on Shareholder Rights Plan
1/15/2013Aurizon Responds to Unsolicited Offer
1/14/2013Alamos Gold Acquires Common Shares of Aurizon Mines
10/30/2012. Announces Third Quarter 2012 Conference Call & Webcast
9/7/2012Aurizon Announces an Updated Mineral Resource Estimate for t...
5/1/2012. Announces First Quarter 2012 Conference Call & Webcast
4/24/2012Aurizon Mines Ltd.: Preliminary Metallurgical Testwork at Ma...
3/31/2012Aurizon Releases Annual Disclosure Documents
3/9/2012. Announces 2011 Financial Results Conference Call & Webcast
1/11/2012Aurizon Announces Record 2011 Gold Production and 2012 Plans
12/8/2011Aurizon Grants Stock Options
12/8/2011Grants Stock Options
8/2/2011. Announces Second Quarter 2011 Conference Call & Webcast
11/30/2010Receives Award From Aemq
5/26/2010Options Azimut's Rex South Property
6/13/2008defines Gold Targets and Commences Exploration Program at Ki...
5/15/2008Andre Falzon Joins Aurizon's Board
3/15/2008deeply regrets
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