Aurizon Mines Ltd

Published : December 21st, 2010

Latest Drilling Outlines High Grade Gold Mineralized Corridors on Zone 123 at the Casa Berardi Mine

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Latest Drilling Outlines High Grade Gold Mineralized Corridors on Zone 123 at the Casa Berardi Mine


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Aurizon Mines Ltd. (TSX: ARZ; NYSE Amex: AZK) is pleased to report the results of recent drilling along Zone 123 from the exploration drift on the 810 metre level at its Casa Berardi Mine in north-western Quebec.

The current exploration program focused on Zone 123, located approximately 1.0 kilometre east of the West Mine shaft, with the objective to delineate high grade mineralization corridors.

Thirteen (13) new holes were completed from the 810 metre level drift and from the newly extended 550 metre level track drift. The program is targeting a series of south-east dipping corridors where high grade mineralized corridors, ranging from 50 to 150 metres wide and open along strike, were previously identified.

Ten (10) mineralized intervals out of thirteen (13) returned a metal factor above 10 (true width in metres x the gold grade in grams per tonne), or higher. They are included in this release and are illustrated on the attached sketch. The drilling program covered an area of 100 metres along strike, 200 meters in width and up to 200 metres below and above the 810 metre level.

The best results were 19.1 grams of gold per tonne over 10.4 metres (true width) in hole CBP-0205 and 10.1 grams of gold per tonne over 12.5 metres (true width) in hole CBP-0209, respectively, which indicate lense continuity in the trend of the mineralized corridors.

The results indicate at least three (3) distinct high grade corridors located between the 1,050 metre level and the 280 metre level.

In Zone 123, gold mineralization occurs in quartz veins, cherty units and massive sulphides structures located between the South Zone 123 break to the east and the South break to the west in a volcanic bearing environment. These corridors could extend for more than 1.0 kilometre, up and down-dip containing individual lenses along the corridor.

"The continuity in the mineralized system of Zone 123 confirms potential to extend the mineralization towards the east and west increasing the potential to find more mineralized corridors within this structure" said Gilles Carrier P. Eng., Principal Exploration Geologist.

Outlook

Underground drilling will continue with two rigs from the 550 metre exploration track drift to define the down dip and the up-dip extensions of the zone. An updated mineral resource estimate will be completed as of December 31, 2010.

Quality Control

Core assays are performed on core sawed in half, with standard fire assay procedures and atomic absorption finition. Certified reference material, duplicate and blanks are inserted in the sample sequence for quality control. Assay checking on pulp and coarse rejects 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 Swastica lab in Ontario. The QA/QC program is a performed at ALS Chemex lab in Val d'Or.

Drill hole planning, implementation and the quality control program is supervised by Gilles Carrier, P. Eng., Principal Exploration Geologist, a qualified person as defined by National Instrument 43-101. Mr. Carrier is also responsible for the scientific and technical information in this news release.

Additional Information

The attached sketch shows the location of the holes which returned the best results, those being those holes with a metal factor of 10 (calculated as the true width in metres x the gold grade in grams per tonne) or greater.

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
http://www.aurizon.com.

For Further Information, Contact

 

AURIZON MINES LTD.

     David Hall, President and C.E.O.
     Telephone: 604-687-6600
     Toll Free: 1-888-411-GOLD
     Fax: 604-687-3932

Martin Bergeron, Vice President, Operations
Telephone: 819-874-4511
Fax: 819-874-3391

Web Site: www.aurizon.com; Email: info@aurizon.com

or

FORWARD LOOKING STATEMENTS AND INFORMATION

This report 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 report is made as of the date of this report. 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 and the effects thereof, the entering into of a final agreement with Midland, the timing and amount of estimated exploration expenditures, plans and budgets for and expected timing and results of exploration activities, Forward-looking information can be identified by the use of words such as "intends", or statements that certain actions, events or results "would", "will" be taken, occur or be achieved.

The forward-looking information contained in this report 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 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 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.

Hole

E (m)

From (m)

To (m)

Length along
the hole (m)

True width (m)

Gold grade
(g/t)

CBP-0187

12387.0

135.0

141.6

6.6

6.6

11.6

CBP-0188

12424.7

118.9

128.0

9.1

9.1

2.6

CBP-0189

12532.1

153.4

156.8

3.4

3.2

8.8

CBP-0190

12522.0

151.9

157.7

5.8

5.7

4.9

CBP-0201

12398.8

149.0

150.0

1.0

0.8

5.0

CBP-0202

12393.2

138.0

141.8

3.8

3.8

13.1

CBP-0203

12400.8

155.8

158.2

2.4

1.5

4.0

CBP-0204

 

 

 

 

 

 

CBP-0205

12393.1

129.0

139.4

10.4

10.4

19.1

CBP-0206

12336.2

408.9

411.0

2.1

2.1

18.8

CBP-0207

12326.0

208.4

226.9

18.5

15.8

5.8

CBP-0208

12284.2

272.8

294.0

21.2

9.0

5.0

CBP-0209

12293.0

337.8

366.0

28.2

12.5

10.1


Holes CBP-0189 and CBP-0190 were drilled from the 550 metre level track drift.

Hole CBP-0204 was abandoned before reaching targeted zone.




 


 

 

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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