Aurizon Mines Ltd.: New Drill Results Highlight the Potential toExtend the Principal Zone at the Casa Berardi Mine
VANCOUVER, BRITISH COLUMBIA, Feb 15, 2013 (Menafn - MARKETWIRE via COMTEX) --Aurizon Mines Ltd. (nyse mkt:AZK) is pleased to reportexploration drill results east of the Principal Zone within Zone 134at its Casa Berardi Mine in north-western Quebec.
The objective of this drill program, which concluded in 2012, was toinvestigate the immediate extension of the Principal Zone eastward,along the Casa Berardi Fault. The program was focused between surfaceand a depth of 300 metres, approximately 1.2 kilometres east of theWest Mine shaft, and was comprised of 54 holes for a total of 22,587metres of drilling from both surface and underground. The holes arelocated between sections 12700 and 13550. Zone 134 has been outlinedby historic holes over an area of approximately 500 metres alongstrike.
This news release focuses on results from the 19 holes thatintersected the Casa Berardi fault.
Five of the 19 holes returned intervals with a metal factor (truewidth in metres x the grade in grams of gold per tonne) of 15 orhigher of which four were between surface and to a depth of 165metres. This suggests lateral continuity of the lenses in the trendalong the Casa Berardi fault to a depth of 300 metres in closeproximity of the Principal Zone.
The remaining 35 holes were drilled at least 200 metres north of theCasa Berardi Fault and intersected the Principal Zone structure. These results indicate that mineralization can been found alongoblique structures north of the Casa Berardi Fault which may allowthe Principal Pit outline to be extended.
"These results are encouraging as they suggest further open pit andunderground potential at the Principal Zone along the Casa Berardifault," said George Paspalas, President and CEO of Aurizon Mines. Headded, "These results will also allow us to target additionaldrilling with the potential to increase resources at the mine nearexisting reserves. The program will also include infill drilling withthe objective of confirming continuity of mineralization across thepotentially expanded pit area."
The best results are:
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Hole
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CBS-12-4787.7 grams of gold per tonne over 4.2 metres
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CBS-12-4861.7 grams of gold per tonne over 96.3 metres including 4.8 grams
of gold per tonne over 7.2 metres
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CBS-12-48852.9 grams of gold per tonne over 3.6 metres including 148.1
grams of gold per tonne over 1.1 metres;
1.4 grams of gold per tonne over 10.6 metres,
3.4 grams of gold per tonne over 2.4 metres
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CBS-12-5271.5 grams of gold per tonne over 10.6 metres
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CBP-12-4145.9 grams of gold per tonne over 2.8 metres
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Note: All intersections represent true width. Complete results are shown in
the attached tables.
In Zone 134, gold mineralization occurs in quartz veins, stockworks anddisseminated sulphide bearing structures. The mineralization islocated close to the Casa Berardi fault in a volcanic-sedimentaryenvironment.
"The outline of a new mineralized system within Zone 134 supports thepotential for continuity of mineralization toward the east, in anarea that had not previously been thoroughly investigated. Based onthese new results and our current understanding, we are optimisticthat clusters of mineralized lenses and new resources can be foundwith additional drilling," said Gilles Carrier P. Eng., PrincipalExploration Geologist, Casa Berardi Mine.
Outlook
Based on these results and given that Zone 134 is open laterally inevery direction and at depth, an infill program has been initiated toconfirm the best results and tighten the spacing to 50 metres. Inaddition, a drill rig is currently conducting step-out drilling alongthe western extension of the East Mine Pit centered on section 14600.
Quality Control and Qualified Person
Core assays are performed on core sawed in half, with standard fireassay procedures and atomic absorption finition. Certified referencematerial, duplicate and blanks are inserted in the sample sequencefor quality control. Assay checking on pulp and coarse rejects arecarried out on approximately 5% of samples. Additional information onQuality Assurance and Quality Control ("QA/QC") can be found in the"Technical Report on the Casa Berardi Mine", dated March 28, 2011which can be found under Aurizon's profile on www.sedar.com. Primaryexploration assaying was performed at the mine site laboratory and atSwastica lab in Ontario. The QA/QC program is performed at ALS Chemexlab in Val d'Or.
Information of a scientific or technical nature included in thisrelease has been prepared under the supervision of Gilles Carrier, P.Eng., Principal Exploration Geologist of Aurizon and Qualified Personunder NI 43-101.
Additional information
The attached sketch shows the location of the Principal and 134 Zonesof the Casa Berardi property:http://media3.marketwire.com/docs/ARZIssue8.pdf.
About Aurizon
Aurizon is a gold producer with a growth strategy focused ondeveloping its existing projects in the Abitibi region ofnorth-western Quebec, one of the world's most favourable miningjurisdictions and prolific gold and base metal regions, and byincreasing its asset base through accretive transactions. Aurizonshares trade on the Toronto Stock Exchange under the symbol "ARZ" andon the NYSE MKT under the symbol "AZK". Additional information onAurizon and its properties is available on Aurizon's website atwww.aurizon.com.
FORWARD-LOOKING STATEMENTS AND INFORMATION
This news release contains "forward-looking statements" and"forward-looking information" within the meaning of applicablesecurities regulations in Canada and the United States (collectively,"forward-looking information"). The forward-looking informationcontained in this news release is made as of the date of this newsrelease. Except as required under applicable securities legislation,the Company does not intend, and does not assume any obligation, toupdate this forward-looking information. Forward-looking informationincludes, but is not limited to, statements with respect to thepotential extension of the Principal Zone, the continuity of lensesin the trend of the Casa Berardi fault down to 300 metres in closeproximity of the Principal Zone, the possibility to find newmineralized lenses and resources with additional drilling, the effectof additional drilling on mineral reserve and mineral resourceestimates, the, anticipated effect of completed drill results on theCasa Berardi project, planned work programs, strategic plans andexpected outcomes. Often, but not always, forward-looking informationcan be identified by the use of words such as "plans", "expects, "isexpected", "budget", "scheduled", "estimates", forecasts", "intends","anticipates", or "believes", or the negatives thereof or variationsof such words and phrases or statements that certain actions, eventsor results "may", "could", "would", "might", or "will" be taken,occur or be achieved.
The forward-looking information contained in this news release isbased on certain assumptions that the Company believes arereasonable, including that exploration results will be consistentwith management's expectations, that the current price of and demandfor gold will be sustained or will improve, that the supply of goldwill remain stable, that the general business and economic conditionswill not change in a material adverse manner, that financing will beavailable if and when needed on reasonable terms and that the Companywill not experience any material accident, labour dispute, or failureof plant or equipment.
However, forward-looking information involves known and unknownrisks, uncertainties and other factors which may cause the actualresults, performance or achievements of the Company to be materiallydifferent from any future results, performance or achievementsexpressed or implied by the forward-looking information. Such factorsinclude, among others, conclusions of economic evaluations, the riskthat actual results of exploration activities will be different thananticipated, that cost of labour, equipment or materials willincrease more than expected, that the future price of gold willdecline, that the Canadian dollar will strengthen against the U.S.dollar, that actual costs or actual results of reclamation activitiesare greater than expected, that changes in project parameters asplans continue to be refined may result in increased costs, ofunexpected variations in mineral resources and reserves, grade orrecovery rates, of failure of plant, equipment or processes tooperate as anticipated, of accidents, labour disputes and other risksgenerally associated with mining, unanticipated delays in obtaininggovernmental approvals or financing or in the completion ofdevelopment or construction activities, as well as those factors andother risks more fully described in Aurizon's Annual Information Formfiled with the securities commission of all of the provinces andterritories of Canada and in Aurizon's Annual Report on Form 40-Ffiled with the United States Securities and Exchange Commission,which are available on SEDAR at www.sedar.com and on EDGAR atwww.sec.gov. Although the Company has attempted to identify importantfactors that could cause actual actions, events or results to differmaterially from those described in forward-looking information, theremay be other factors that cause actions, events or results to not beas anticipated, estimated or intended. There can be no assurance thatforward-looking information will prove to be accurate, as actualresults and future events could differ materially from thoseanticipated in such statements. Readers are cautioned not to placeundue reliance on forward-looking information due to the inherentuncertainty thereof.
CAUTIONARY NOTE TO US READERS
As a Canadian reporting issuer, the Company is subject to rules,policies and regulations issued by Canadian regulatory authoritiesand is required to provide detailed information regarding itsproperties including mineralization, drilling, sampling and analysis,security of samples and mineral resource and mineral reserveestimates. The Company is required to describe mineral reservesassociated with its properties utilizing Canadian Institute ofMining, Metallurgy and Petroleum ("CIM") definitions of "proven" or"probable", which categories of reserves are recognized by Canadianregulations but differ from those definitions recognized by theUnited States Securities and Exchange Commission ("SEC"). Further,the Company is required to describe mineral resources associated withits properties utilizing CIM definitions of "measured", "indicated"or "inferred", which categories of resources are recognized byCanadian regulations but are not recognized by the SEC.
The SEC allows mining companies, in their filings with the SEC todisclose only those mineral deposits they can economically andlegally extract or produce. Accordingly, information contained inthis News Release regarding our mineral deposits may not becomparable to similar information made public by U.S. companiessubject to the reporting and disclosure requirements under the UnitedStates federal securities laws and the rules and regulations of theCommission thereunder.
U.S. readers are cautioned that while the term "indicated" resourcesis recognized and required by Canadian regulations, the SEC does notrecognize it. U.S. investors are cautioned not to assume that anypart or all of mineral deposits in this category will ever beconverted into mineral reserves.
U.S. readers are cautioned that while the term "inferred" resourcesis recognized and required by Canadian regulations, the SEC does notrecognize it. "Inferred resources" have a great amount of uncertaintyas to their existence, and great uncertainty as to their economic andlegal feasibility. It cannot be assumed that all or any part of anInferred Mineral Resource will ever be upgraded to a higher category.Under Canadian rules, estimates of Inferred Mineral Resources may notform the basis of feasibility or pre-feasibility studies, except inrare cases. U.S. investors are cautioned not to assume that part orall of an inferred resource exists, or is economically or legallymineable.
U.S. Registration (File 001-31893)
Table 1: Zone 134
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LengthGold
AlongTrueGrade
FromTothe holeWidth(grams/
HoleSection(metres)(metres)(metres)(metres)tonne)
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CBS-12-47712800176.0177.01.00.72.1
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CBS-12-47812900131.5138.26.74.27.7
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CBS-12-48213000195.1210.014.910.00.6
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CBS-12-48413100NS
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CBS-12-4861320057.0220.016396.31.7
including69.082.013.07.24.8
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CBS-12-48813300105.5109.54.03.652.9
including105.5106.91.41.1148.1
127.5141.013.510.61.4
151.8154.93.12.43.4
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CBS-12-49013400111.0112.41.41.01.1
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CBS-12-49113500221.6223.01.41.11.3
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CBS-12-52713250166.5183.016.510.61.5
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CBS-06-24612950408.0408.70.70.55.0
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CBS-06-24712825504.0506.92.92.11.3
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CBS-04-09913200NS
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CBS-03-07813400NS
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CBP-038013300NS
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CBP-041213000267.8268.60.80.85.6
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CBP-041313300NS
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CBP-041413300231.0235.54.52.85.9
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CBP-050313400201.8202.50.70.72.0
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CBP-050413400NS
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NS: No significant value
Table 2: Principal Zone (North of the Casa Berardi Fault)
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LengthGold
AlongTrueGrade
FromTothe HoleWidth(grams/
Hole IdSection(metres)(metres)(metres)(metres)tonne)
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CBS-11-45013400NS
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CBS-11-4491305052.153.81.71.03.7
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CBS-11-44713025288.0291.63.62.41.0
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CBS-11-39012975282.4292.510.17.67.6
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CBS-11-38912825133.5143.29.76.43.5
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CBS-11-38812875129.0156.327.318.70.4
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CBS-11-38412925279.0285.06.04.24.5
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CBS-11-38312925129.0132.63.62.714.0
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CBS-11-38312925237.0240.03.02.40.7
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CBS-11-38212975148.0150.82.82.43.1
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CBS-10-38113225130.4138.58.14.72.4
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CBS-10-38013075170.3178.68.35.61.4
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CBS-10-37913000241.5253.512.07.51.3
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CBS-10-37813150137.6153.515.911.00.9
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CBS-10-37713500241.5247.56.03.81.3
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CBS-10-36112800NS
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CBS-10-36012775129.4180.050.630.62.9
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CBS-10-35912750121.7163.641.925.02.2
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CBS-10-35812725118.0187.669.639.22.4
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CBS-10-35712725218.6239.120.510.94.3
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CBS-08-28813050NS
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CBS-08-28713050NS
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CBP-041113000NS
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CBP-045613000NS
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CBP-045513000118.5133.014.512.61.2
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CBP-045413000NS
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CBP-045313000147.3148.00.70.69.3
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CBP-045213000181.5183.01.51.51.8
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CBP-04511300027.027.90.90.91.2
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CBP-00441272561.073.012.07.72.7
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CBP-00431272518.823.04.23.58.3
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CBP-004212725146.8148.51.71.421.8
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NS: No significant value
South Domain
Holes CBS-08-285, CBS-08-286, and CBS-10-369 returned no significant values
Contacts:
Aurizon Mines Ltd.
George Paspalas
President & CEO
604-687-6600
Aurizon Mines Ltd.
Martin Bergeron
Vice President Operations
819-874-4511
Aurizon Mines Ltd.
Investor Relations
Jennifer.north@aurizon.com
Aurizon Mines Ltd.
604-687-6600 or Toll Free: 1-800-411-GOLD (4653)
604-687-3932 (FAX)
info@aurizon.com
www.aurizon.com
SOURCE: Aurizon Mines Ltd.
mailto:Jennifer.north@aurizon.com
mailto:info@aurizon.com
http://www.aurizon.com
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