GOLD PRICES. GOLD STOCKS. GOLD NEWS.

closed
$1347.8
-8.38     (-0.62%)
May 19, 2013 7:29:48 PM EST
4PM CLOSE:$1356.18 -31.07
Silver Price:
$21.49 -0.71 (-3.21%)
Don't miss the next big mover

  • Home
  • Gold Stocks
  • Gold Charts
  • Gold Price
  • ETFs
  • Silver
  • Partners
  • Predictions
  • Archive
  • Gold Stock Upgrades and Downgrades
  • Gold Price Forecast
  • Gold Trends
  • Gold Answers
  • Gold Events

Photo Gallery

  • PG Premier Gold Mines (PG) expands management team
  • FVInew_290 Fortuna Silver Mines (FVI) expands presence in Mexico
  • AZK Aurizon Mines’ (AZK) Board unanimously recommends rejecting Alamos offer
  • CGR Claude Resources (CGR) expands gold resources and grade at Santoy Gap
  • MGN Mines Management (MGN) reports “significant progress” in third quarter
  • crocodile_290x250 Crocodile Gold (CRK) reports 35% production growth
Aurizon Mines Reports “Very Encouraging” Results at Joanna
Monday, April 16, 2012 10:50 am EST
Tweet

at Joanna

Aurizon Mines (ARZ.TSX, AMEX: AZK) announced results from the first series of holes from its 2012 exploration drilling program on the Heva and Hosco Zones of the Joanna Project.  Joanna is located 20 kilometers from the city of Rouyn-Noranda, in north-western Quebec, Canada.

Highlights:

* The best results received to date from 36 holes were 7.0 grams per tonne (g/t) of gold over 9.4 meters in hole JA-11-970 and 3.5 g/t over 21.6 meters in hole JA-11-981, which included an interval of 9.4 g/t over 5.8 meters

* The Company noted that results to date were very encouraging and that there were two key elements that will be the focus for future drilling of the property

* Aurizon Mines appears to be finding higher grade mineralization at Hosco, and initial metallurgical test work of the Heva mineralization indicates that it is non-refractory

George Paspalas, President and CEO of Aurizon Mines:

“We have always believed that the Joanna property had significant exploration potential in addition to the approximately 2.5 million gold resource ounces found at Hosco, which is currently the basis for the Joanna feasibility study.  We embarked on a drill program late last year to commence testing some of this potential, with the strategic intent of understanding the full development potential of the property, whilst we were completing the Joanna feasibility, which is on target for completion at the end of the second quarter 2012.”

Martin Demers, Aurizon’s General Manager of Exploration:

“This series of drill results marks a turning point in our exploration. Most of the drilling work performed on the property since 2007 has focused on defining low grade surface resources in the Hosco Zone area. The current program supports the hypothesis that higher grade mineralization with continuity and metal factors that may support an underground mining operation, could be developed along the Joanna portion of the Cadillac Fault.”

Leave a Reply

Click here to cancel reply.

GoldAlert Pro

Recent Posts

  • 7 Day Losing Streak for Gold-Longest in 2 Yrs
  • Gold Inches to a All New Low
  • Gold Prices Continue to Fall
  • Mine Collapses in Indonesia, Killing 3
  • Gold Decreases, What Does it Mean for Mining Companies?
Alacer Gold

UPCOMING CATALYSTS

April 2012
M T W T F S S
« Mar   May »
 1
2345678
9101112131415
16171819202122
23242526272829
30  
  • Gold Price
  • Gold Stocks
  • Silver
  • Gold ETFs
  • Gold Charts
  • Breaking News
  • Gold Sentiment
  • Market Movers
  • Commodities
  • Sponsor News
  • The Fed
  • Upcoming Catalysts
  • Currencies
  • Gold Predictions
  • Gold History
  • Media Slider
  • Platinum
  • Sponsored Post
  • Disclaimer
  • Archive
  • Contact Us
  • Gold Answers
  • RSS
Log in