Chart usGOLD   Chart usSILVER  
 
Food for thought
If it can’t be grown, it will be mined
David Morgan  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1352.334.06
Silver 21.500.04
Platinum 1443.257.75
Palladium 731.70-2.50
WORLD MARKETS
DOWJONES 15354120
NASDAQ 349934
NIKKEI 15361223
ASX 518526
CAC 40 40064
DAX 843032
HUI 246-10
XAU 97-3
CURRENCIES (€)
AUS $ 1.3151
CAN $ 1.3222
US $ 1.2863
GBP (£) 0.8465
Sw Fr 1.2449
YEN 131.8800
CURRENCIES ($)
AUS $ 1.0225
CAN $ 1.0280
Euro 0.7774
GBP (£) 0.6583
Sw Fr 0.9678
YEN 102.5110
RATIOS & INDEXES
Gold / Silver62.90
Gold / Oil14.17
Dowjones / Gold11.35
COMMODITIES
Copper 3.29-0.03
WTI Oil 95.44-0.58
Nat. Gas 4.130.08
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Aurizon Reports New High Grade Values at Fayolle
Published : August 31, 2011
( 0 vote, 0/5 ) Print article
     
Tweet
Keywords :   Aurizon Mines |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2011) - Aurizon Mines Ltd. (News - Market indicators)(NYSE Amex:AZK) ("Aurizon" or "the Company") is pleased to announce a new series of drill results from the ongoing infill drilling program on the Fayolle project located 20 kilometres north-east of Rouyn-Noranda, Québec and 10 kilometres north of Aurizon's Joanna project. The targeted area is located along the Manneville Structural Zone, an extension of the Destor-Porcupine fault zone.

Since May 2010, Aurizon has invested $5 million on two drill programs under the joint venture agreement announced on May 18, 2010 with Typhoon Exploration Inc. ("Typhoon"). The Fayolle property is 100% owned by Typhoon and Aurizon can earn a 50% interest, subject to an underlying 2% net smelter royalty, by incurring expenditures of $10 million, and subscribing for $2 million in common shares of Typhoon, over four years. Aurizon can earn an additional 15% interest for a total interest of 65% by either delivering a feasibility study or spending an additional $15 million on the project.

A total of 21,470 metres in 62 holes has been drilled to complete the infill drill program on the Fayolle deposit, primarily on a 25 metre grid spacing, at an approximate depth of between 25 to 250 metres. Results from 34 new holes have been received and interpreted and results from 3 additional holes are pending. Two drill programs are running simultaneously with one drill concentrated on the infill program and the extensions of the Fayolle deposit; and the other drill testing new targets 2.5 kilometres along the Manneville Break that passes through the property (see Aurizon press release dated August 9, 2011).

The objective of the infill drill program is to better define the mineralization geometry and grade distribution and update the mineral resource estimate. A total of 13 holes returned one or more mineralized intervals showing a metal factor (true width in metres x the gold grade in grams per tonne) above 10 with a grade above 5 grams per tonne. The best result returned 14.9 grams of gold per tonne over 30 meters, including 60 grams of gold per tonne over 6 meters in hole FA-11-55. According to in-hole measurements of structural orientation and 3D grade modelling, intersections are considered to be approximately 85% of their true thickness.

"The infill drill results show an impressive series of well grouped, high grade intervals. New results will define a detailed interpretation of mineralized structure and will improve the level of confidence essential for the upcoming resource estimate calculation. Also, we are optimistic that the new shape of the plunging mineralization will allow an optimization of future step out drill targets," said Martin Demers P.Geo., Exploration Manager.

Mineralized intervals are part of a stacking of pluri-metric zones located inside a 50 to 100 metres wide favourable structure, plunging moderately towards the east. Visually, this mineralized structure corresponds to a tectonic breccias mixed with deformed intrusive material of intermediate composition. The drilling approach is based on an interpretation of high grade concentrations following a north, north-west orientation. The drilling pattern covers 200 metres in all directions. The mineralized area is open laterally near the surface. At 200 metres depth, a massive basaltic unit limits the mineralization. Extension of the drilling pattern will verify if a plunging effect is associated with this contact and if the mineralization continuity is conceivable.

The grades can generally be correlated with the intensity and complexity of brecciation. Alteration is characterized by carbonates, chlorite and fuchsite in ultramafic rocks and by albite-hematite in dykes. Gold is mostly observed as free grains up to a millimetre in size, as fracture-filling and veinlets in both host rocks.

Infill holes with metal factor
(grade x thickness) >10
               
Hole   Total Length From   To   Length   Grade  
      (m ) (m ) (m ) (g/t Au )
FA-10-24   383 29.0   37.0   8.0   8.9  
    including 29.0   33.0   4.0   17.0  
      62.0   64.0   2.0   39.4  
FA-11-33   288 82.0   84.0   2.0   31.3  
FA-11-34   351 146.0   149.0   3.0   12.5  
FA-11-35   288 60.0   67.0   7.0   3.6  
    including 61.0   64.0   3.0   7.1  
FA-10-40   510 230.0   238.0   8.0   2.7  
FA-11-41   210 18.0   22.0   4.0   11.5  
      31.0   39.0   8.0   6.9  
    including 33.0   34.0   1.0   39.4  
      169.0   173.0   4.0   5.6  
    including 169.0   170.0   1.0   20.2  
FA-11-43   306 55.0   58.0   3.0   7.4  
      133.0   168.0   35.0   1.2  
FA-11-45   339 39.0   45.0   6.0   8.5  
      99.0   103.0   4.0   28.7  
    and 102.0   103.0   1.0   65.5  
FA-11-46B   369 Assays pending  
FA-11-51   414 66.0   72.0   6.0   14.2  
FA-11-53   333 223.0   226.0   3.0   8.3  
FA-11-55   372 9.55   12.0   2.45   12.9  
      27.0   57.0   30.0   14.9  
    including 31.0   37.0   6.0   60.9  
FA-11-56   354 77.0   85.0   8.0   19.6  
    including 83.0   85.0   2.0   61.7  

Outlook

The current drilling program on the Fayolle deposit is focused on expanding the current higher grade portion of the deposit and gaining enough information inside the mineralized trend and testing immediate extensions following gold enrichment and geological paths. The program will include two drill rigs operating for the remainder of the year; one on the infill program and the second one on other targets within 2.5 kilometres of the Fayolle deposit. The cost for the remainder of the drilling program will be approximately $2.8 million.

Quality Control and Qualified Person

All drill core is oriented using Fordia's "CorientR" tool to measure the geological structures of the drill core. Core assays are performed on core sawed in half, with standard fire assay procedures and atomic absorption finish. Certified reference material, duplicates and blanks are inserted in the sample sequence for quality control. Primary assaying is performed by ALS Chemex of Val d'Or. 

Information of a scientific or technical nature included in this release has been prepared under the supervision of Martin Demers, P. Geo., Exploration Manager of Aurizon and Qualified Person under NI 43-101.

Additional Information

The attached sketch shows holes location in plan view and longitudinal section: http://media3.marketwire.com/docs/arz-0831-map1e.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 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 with respect to future exploration work on the Fayolle property. Forward-looking information contained in this news release is based on certain assumptions that the Company believes are reasonable, 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 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
VP Operations
819-874-4511
info@aurizon.com
or
Aurizon Mines Ltd.
Jennifer North
Investor Relations
604-687-6600 or Toll Free: 1-800-411-GOLD (4653)
jennifer.north@aurizon.com
www.aurizon.com
or
Renmark Financial Communications Inc.
Barry Mire
514-939-3989
bmire@renmarkfinancial.com
or
Renmark Financial Communications Inc.
Matthew Planche
514-939-3989
mplanche@renmarkfinancial.com
or
Renmark Financial Communications Inc.
Guy Hurd
Media
514-939-3989
514-939-3717 (FAX)
ghurd@renmarkfinancial.com
Tweet

Aurizon Mines Ltd

PRODUCER
CODE : ARZ.TO
ISIN : CA05155P1062
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Email Alert Add to Watchlist Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy
Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Aurizon Mines Ltd
3/13/2013B.C. Securities Commission to referee in Aurizon Mines’ ‘poi...
9/17/2010Aurizon Mines buying into Quebec gold properties
6/14/2010Confirms ‘Principal Area’ and discovers new gold mineralizat...
1/11/2010Aurizon Mines expects lower output this year, but increasing...
5/13/2009Aurizon Mines posts first-quarter profit
Annual reports of Aurizon Mines Ltd
2009 Annual Report
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
8/15/2011Grant of 600,000 options at 6,38
Nominations of Aurizon Mines Ltd
8/26/2011Announces Vice President, Corporate Development Resignation
8/15/2011George Paspalas Joins Aurizon as Chief Executive Officer; Da...
6/27/2011Aurizon Announces Appointment of George Paspalas as Chief Ex...
3/27/2009Appoints Roger Walsh As Vice President, Corporate Developmen...
Financials of Aurizon Mines Ltd
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
11/10/2011Aurizon Reports Third Quarter 2011 Results
8/11/2011Aurizon Reports Second Quarter 2011 Results
5/16/2011AURIZON REPORTS FIRST QUARTER 2011 RESULTS
4/12/2011AURIZON ANNOUNCES FIRST QUARTER 2011 OPERATING RESULTS
3/17/2011AURIZON REPORTS 2010 FINANCIAL 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
8/16/2012(Marban Mine)Aurizon Announces the Completion of the Marban Block Phase T...
7/30/2012(Casa Berardi)Aurizon Mines Ltd.: New Drill Results Confirm Continuity and...
7/20/2012(Joanna)Aurizon Files Feasibility Study of the Hosco Deposit
7/9/2012(Joanna)Aurizon Mines Ltd.: New Drill Results Expand the Heva Area a...
6/6/2012(Joanna)Aurizon Receives Results of Feasibility Study for Joanna's H...
5/15/2012(Casa Berardi)Aurizon Mines Ltd.: New Drill Results Highlight the Potentia...
4/26/2012(Marban Mine)Aurizon Mines Ltd.: New Results at Marban Highlight Potentia...
4/20/2012(Joanna).: Higher Grade Mineralization Discovered on the Heva and Ho...
4/4/2012(Rex South)Aurizon Announces Results from the 2011 Exploration Program ...
3/1/2012(Casa Berardi)Reports Mineral Reserve Replenishment and Mineral Resource U...
3/1/2012(Marban Mine)Aurizon Mines Ltd.: Marban Eastern Down Dip Zone Returns 6.4...
11/17/2011(Marban Mine)Aurizon Mines Ltd.: Marban High Grade Western Zone Returns 9...
9/22/2011(Marban Mine) Two New High Grade Gold Zones Discovered at Marban
9/9/2011(Casa Berardi)Aurizon Mines Ltd.: Drilling Confirms the Continuity and the...
8/31/2011(Fayolle)Aurizon Reports New High Grade Values at Fayolle
8/11/2011(Joanna)Aurizon Reports Joanna Feasibility Study Delayed, However Dr...
8/9/2011(Fayolle)Aurizon Reports Discovery of New Gold Bearing Trends Outside...
6/22/2011(Marban Mine) Deeper Drilling at Marban Reveals Added Upside With 5
6/13/2011(Joanna)Aurizon Increases the Hosco In-Pit Measured and Indicated Mi...
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
1/11/2011(Casa Berardi)AURIZON ANNOUNCES 2010 PRODUCTION RESULTS AND 2011 PLANS
12/21/2010(Casa Berardi)Latest Drilling Outlines High Grade Gold Mineralized Corrido...
12/16/2010(Patris)Options Midland Exploration's Patris Gold Property
12/16/2010(Fayolle)Announces Further Drill Results From The Fayolle Project
11/4/2010(Marban Mine)Reports 80.8 Meters at 1.21 Grams of Gold Per Tonne, Includi...
11/2/2010(Fayolle)Typhoon and Aurizon Drill 8.8 Grams Per Tonne of Gold Over 1...
9/30/2010(Fayolle) and Typhoon drill 112.5 g/t of gold over 6 metres on the Fa...
9/27/2010(Casa Berardi)INFILL DRILLING CONFIRMS CONTINUITY OF THE
9/16/2010(Opinaca)Aurizon Acquires Option On Azimut And Everton Opinaca Proper...
9/1/2009Aurizon Intersects 18.9 Grams of Gold per Tonne Over 4.0 Met...
3/11/2009(Joanna) Infill Drilling Increases Mineral Resources at Joanna
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...
10/27/2008(Joanna)Infill Drilling Confirms Thickness Of 20 To 60 Metres At Joa...
10/24/2008(Casa Berardi)New Gold Zone Discovered 7.5 Kilometres East Of Casa Berardi...
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
5/1/2013Reminds Shareholders of Important Vote Deadline of May 7, 20...
4/24/2013Announces That Leading Independent Proxy Advisory Firm Insti...
10/30/2012. Announces Third Quarter 2012 Conference Call & Webcast
5/1/2012. Announces First Quarter 2012 Conference Call & Webcast
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
11/1/2011(Marban Mine)Announces Commencement of a $5 Million Phase 2 Program on th...
8/2/2011. Announces Second Quarter 2011 Conference Call & Webcast
11/30/2010Receives Award From Aemq
11/3/2010GEORGE BRACK JOINS AURIZON'S BOARD OF DIRECTORS
5/26/2010Options Azimut's Rex South Property
3/23/2009To Be Included In S&P/TSX Composite Index
10/22/2008: President & CEO Interview
6/13/2008defines Gold Targets and Commences Exploration Program at Ki...
5/15/2008Andre Falzon Joins Aurizon's Board
3/15/2008deeply regrets
1/7/2006(Casa Berardi)Advances Casa Berardi Gold Mine to Production
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (ARZ.TO)FRANKFURT (AUE.F)
4.08+0.74%2.62-11.73%
TORONTO
CA$ 4.08
05/17 16:00 0.030
0.74%
Prev close Open
4.05 4.05
Low High
3.95 4.16
Year l/h YTD var.
3.30 -  4.76 16.57%
52 week l/h 52 week var.
3.15 -  5.49 -6.85%
Volume 1 month var.
279,173 -0.971%
24hGold TrendPower© : -9
Produces Gold
Develops Gold
Explores for Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
TOP NEWSRELEASES
Annual variation
DateVariationHighLow
2013-19.69%
20120.59%5.753.80
2011-30.92%7.584.87
201056.53%8.413.81
200927.95%6.243.33
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Get Investor Information
High Desert Gold
Select
& click