Aurizon Mines Ltd. (TSX:ARZ) announced results from the Heva and Hosco West Extension projects, the ongoing exploration program near Rouyn-Noranda, Quebec.
As quoted in the press release:
The focus of this phase of the drill program is Heva and the area adjacent to the proposed Hosco pit, with the objective of identifying additional resources at surface and evaluating underground potential where higher grade trends are present. The Heva Zone resource inventory is composed of 270,000 ounces at 1.9 grams of gold per tonne in the measured and indicated category and 421,000 ounces at 1.7 grams of gold per tonne in the inferred category, using a cut-off grade of 0.5 grams of gold per tonne over a minimum width of 5 metres; and 59,000 ounces at 2.8 grams of gold per tonne below 300 metres, in the inferred category, using a cut-off grade of 2.0 grams of gold per tonne (Reference: “Technical Report Mineral Resources Estimation Joanna gold deposit Aurizon Mines Ltd. – September 2011 Update”, SGS Geostat Ltd., filed on Sedar). Since this last resource estimation, 170 new holes have been added.
George Paspalas, Aurizon’s President and CEO, commented:
These drill results show consistency with the previous drilling around Heva and provides further encouragement to pursue the knowledge required to determine how the non-refractory mineralization occurs at Heva, and what the potential for higher grade refractory ore is at the Hosco West Extension. Our understanding has increased to the point where we have divided Heva into three different and distinct mineralized zones, and coupled with the high grade resource potential at Fayolle, we are excited about the overall potential for the project.