Aurizon Mines Ltd

Published : October 24th, 2008

New Gold Zone Discovered 7.5 Kilometres East Of Casa Berardi Mine

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  October 24, 2008
NEW GOLD ZONE DISCOVERED 7.5 KILOMETRES EAST OF CASA BERARDI MINE

 

Aurizon Mines Ltd. ("Aurizon") has been advised by Lake Shore Gold Corp ("Lake Shore") of encouraging results from its Phase 1 drill program on a portion of Aurizon's 100% owned Casa Berardi property, in north-western Quebec.

In late 2007 Aurizon granted Lake Shore an option to earn up to a 50% interest in a portion of the extensive Casa Berardi property by spending $5.0 million over five years with a firm commitment of $600,000 in the first year. Lake Shore is the operator during the earn-in period. The optioned portion of the Casa Berardi property lies to the east and west of Aurizon's wholly-owned Casa Berardi mining operations, including the West Mine Complex and East Mine and Mill Complex

"We are pleased with the results of the initial exploration program which confirms our belief in potential for new mineralized structures along the Casa Berardi trend", said David Hall, President and CEO of Aurizon.

Lake Shore reports that:

The results of the program, which involved a total of 12 Diamond drill holes, included the discovery of a new gold zone, with the best intercept being 13.03 grams per tonne gold over 6.45 metres within a broader intersection of 8.58 grams per tonne gold over 10.4 metres ("Hole CE-08-03"). Hole CE-08-03 is the deepest mineralized intersection at a vertical depth of 247 metres and is located approximately 90 metres below a historic intercept of 11.11 grams per tonne over 2.24 metres. The new intercept is open both at depth and laterally.

Highlights: (CE-08-03) 319.10 -- 329.50: 8.58 Au g/t over 10.4 metres
Including 321.90 -- 328.35: 13.03 Au g/t over 6.45 metres
Including 326.90 -- 327.55: 51.33 Au g/t over 0.65 metres
(CE-08-07) 253.60 -- 256.00: 8.64 Au g/t over 2.4 metres
Including 254.40 -- 255.45: 28.82 Au g/t over 0.65 metres
(CE-08-11) 297.15 -- 300.25: 6.84 Au g/t over 3.1 metres
Including 298.00 - 298.30: 13.80 Au g/t over 0.3 metres

The new zone lies to the east of Aurizon's Casa Berardi mining operations, and covers a total strike length of more than 500 metres from west to east. Included within the new zone are three high-potential sub-zones (G-S Zone, G-Mid Zone and the G-N Zone), which trend approximately 260 degrees azimuth and dip moderately south (i.e. 60-75 degrees). Better mineralization displayed increased wall rock alteration and increased sulphides, with some quartz and sulphide stringers at a shallow angle to the core axis, an occurrence also noted at Aurizon's Casa Berardi mine.

HOLE
NUMBER

From (m)

To (m)

Core Length
(m)

Gold
(grams/Tonne)

Zone

CE-08-01

197.30

198.85

1.55

3.35

G-S Zone with visible gold in 2 of 3 samples

 

292.20

295.00

2.80

4.22

(G-N) stringers in fold

Incl

292.20

292.70

0.50

14.13

Increased stringers

CE-08-02

120.20

121.80

1.60

1.03

G-Mid related stringers

 

149.50

151.40

1.90

1.20

G-N Zone 

 

153.50

155.40

2.10

1.64

 G-N Zone related stringers

 

383.00

384.75

1.75

1.30

Minor stringers & pyrite

CE-08-03

319.10

329.50

10.40

8.58

G-N Zone

Incl

321.90

328.35

6.45

13.03

G-N Zone

Incl

326.90

327.55

0.65

51.33

Highest gold assay

CE-08-04

No material values

 

 

 

CE-08-05

107.00

108.80

1.80

1.44

G-Mid Zone

 

154.00

157.35

3.35

4.14

G-N Zone

Incl

155.65

157.35

1.70

6.79

G-N Zone

Incl

156.75

157.35

0.60

12.52

 

 

158.85

160.65

1.80

1.05

 

CE-08-06

No material values

 

 

Approximately 2km west of 2008 main drill area

CE-08-07

253.60

256.00

2.40

8.64

G-N Zone

Incl

254.40

255.45

0.65

28.82

 

 

291.00

293.05

2.05

1.19

Breccia vein (another G-N)

Incl

291.85

292.30

0.45

4.87

 

CE-08-08

196.95

198.70

1.75

1.84

G-Mid Zone

 

207.30

209.35

2.05

2.63

G-Mid Zone

Incl

207.30

208.10

0.80

5.90

 

CE-08-09

No material values

 

 

Approximately 2km west of 2008 main drill area

CE-08-10

74.60

76.30

1.70

3.61

G-S Zone

Incl

74.60

75.00

0.40

13.85

Veining with heavy pyrite

 

118.00

120.55

2.55

1.00

G-Mid Zone

 

150.85

152.50

1.65

4.58

G-N Zone

Incl

151.30

152.00

0.70

8.69

 

CE-08-11

290.35

292.10

1.75

1.55

G-Mid Zone

 

293.80

295.50

1.70

1.81

G-Mid Zone

 

297.15

300.25

3.10

6.84

G-Mid Zone

Incl

298.00

298.30

0.30

13.80

Increased pyrrhotite

 

316.90

320.60

3.70

1.97

G-N Zone



Based on the assumed azimuth of 260 degrees and south dip of 60-70 degrees, the true thickness of the zones is estimated to be in the order of 75-85% of intersection thickness.

The 12 Diamond drill holes covered 4,470 metres and were directed at a 14.5 kilometre block of claims located contiguous to the east of Aurizon's existing Casa Berardi mining operations. The program was designed to investigate areas of interest detected by previous operators. Lake Shore also has under option from Aurizon a 15 kilometre length block of claims located contiguous to the west of the Casa Berardi mining operations. The western block is also contiguous with the Burntbush property and along strike of the Blakelock property, both located in Ontario and covering 60 kilometres of strike and 100%-owned by Lake Shore.

The main area of drilling comprised ten holes centered 7.5 kilometres east north-east of Aurizon's Casa Berardi East Mine and Mill Complex. Holes were drilled north along sections approximately 100-metres apart with one to two holes per section. Two additional holes were drilled two kilometres to the west of this area. In addition, 79 reverse circulation ("RC") holes were simultaneously completed over the eastern claim block.

Mineralization encountered by Lake Shore occurs within sediments located north of a mafic volcanic package. Gold is associated with quartz-carbonate veining and sulphides. Better mineralization displays sericite alteration and occasionally albitization and the presence of increased sulphides including pyrite, pyrrhotite and especially arsenopyrite.

Reverse Circulation drilling program
The 79-hole RC drill program was designed to both define new targets by testing new areas as well as following up on areas of interest detected through the compilation of previous data. In addition, 173 bed rock samples were collected during the RC program with samples analyzed for gold by a FA-AA method and a trace multi-element ICP analytical method.

Two gold dispersal trains were determined to occur near the northern mafic volcanic-sediment contact east of the Theo River. The first gold train comprises three holes and occurs south of western Diamond drill holes CE-08-06 and CE-08-09. The second gold train occurs east of Lac Germain and 5.1 kilometres along trend and east of the main 2008 Diamond drill program conducted by Lake Shore Gold. Both gold dispersal trains offer new drill targets near the northern volcanic-sedimentary boundary.

Quality Control
Lake Shore has implemented a quality-control program to ensure best practice in the sampling and analysis of the drill core. Assays have been completed using a standard fire assay with an atomic absorption finish on a 30 gram aliquot. Samples returning greater than one gram per tonne were re-analyzed by a fire assay -- gravimetric finish on a 50 gram aliquot. Samples containing visible gold or returning greater than 5.00 grams per tonne were re-analyzed using the pulp metallic method. NQ size drill core is saw cut and half the drill core is sampled in standard intervals. The remaining half of the core is stored in a secure location. The drill core is transported in security-sealed bags to Laboratoire Expert Inc, Rouyn-Noranda, Qu�bec.

The Company has been advised by Lake Shore that William Wyachison, P.Geo, is the qualified person ("QP") retained by Lake Shore for the optioned Casa Berardi properties and who has prepared or supervised the preparation of the scientific or technical information for the property in this news release.

While the scientific and technical information contained in this news release has been reviewed on behalf of Aurizon by Mr. Martin Demers, P.Geo., the Company's Exploration Manager, a qualified person as defined by National Instrument 43-101, Mr. Demers has not verified all of the data which forms the basis for the reported scientific and technical information.


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 Alternext (formerly the American Stock Exchange) under the symbol "AZK". Additional information on Aurizon and its properties is available on Aurizon's website at www.aurizon.com.

Forward-looking Statements
Certain statements in this press release relating to exploration results and planned exploration at the Casa Berardi property are "forward-looking statements" within the meaning of securities legislation. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable, that operating and capital plans will not be disrupted by issues such as mechanical failure, unavailability of parts and supplies, labour disturbances, interruption in transportation or utilities, or adverse weather conditions, and that there are no material unanticipated variations in the cost of energy or materials or supplies. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Readers should not place undue reliance on forward-looking statements. More information about risks and uncertainties affecting, Aurizon and its business is available under the company's regulatory filings which are posted on sedar at www.sedar.com.


For Further Information Please 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

Michel Gilbert, Vice President
Telephone: 819-874-4511
Fax: 819-874-3391

Web Site: www.aurizon.com; Email: info@aurizon.com
or
Renmark Financial Communications Inc.
2080 Rene-Levesque Blvd. West
Montreal, QC
H3H 1R6
Barry Mire: bmire@renmarkfinancial.com
Jen Power: jpower@renmarkfinancial.com
Tel: (514) 939-3989 Fax: (514) 939-3717

Figure 1.

Figure 2.

Figure 3.

Figure 4.

Figure 5.

Figure 6.


 


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
8/15/2011Grant of 600,000 options at 6,38
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...
6/27/2011Aurizon Announces Appointment of George Paspalas as Chief Ex...
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
5/3/2013(Casa Berardi)Aurizon Reports Status Update on Minor Discharge at Tailings...
5/2/2013(Casa Berardi)Aurizon Reports Minor Discharge at Tailings Facility at Casa...
3/25/2013(Casa Berardi)Aurizon Reports Accident at Casa Berardi Mine
2/15/2013(Casa Berardi)Aurizon Mines Ltd.: New Drill Results Highlight the Potentia...
12/12/2012New Discovery at Aurizon's Heva West Area Returns 1.7 Grams ...
9/6/2012Aurizon Mines Ltd.: New Drill Results Confirm High Grade Pot...
9/6/2012(Fayolle)Aurizon Announces an Updated Mineral Resource Estimate for F...
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...
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6/12/2012Aurizon Mines Ltd.: Marban's Phase Two Drill Program Results...
6/11/2012Aurizon Acquires Common Shares of Typhoon Exploration Inc.
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(Marban Mine)Aurizon Mines Ltd.: Marban Eastern Down Dip Zone Returns 6.4...
3/1/2012(Casa Berardi)Reports Mineral Reserve Replenishment and Mineral Resource U...
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
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8/9/2011(Fayolle)Aurizon Reports Discovery of New Gold Bearing Trends Outside...
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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...
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...
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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2/12/2013Aurizon 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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