Aurizon Reports Encouraging Rare Earth Drilling Results at Kipawa
17 February 2009 - 1:19AM
PR Newswire (US)
Shares Listed: Toronto Stock Exchange - Ticker Symbol - ARZ NYSE
Alternext U.S. - Ticker Symbol - AZK U.S. Registration: (File
001-31893) VANCOUVER, Feb. 16 /PRNewswire-FirstCall/ -- Aurizon
Mines Ltd. (TSX: ARZ; NYSE Alternext U.S.: AZK) is pleased to
report results from its 2008 drilling program, at its 100 percent
owned Kipawa Gold-Uranium-Rare Earth project, in north-western
Quebec, Canada. The Kipawa project is an early stage exploration
project located approximately 100 kilometres south of
Rouyn-Noranda, in the Temiskaming region. It was initially acquired
by Aurizon for its gold potential on the basis of a government
regional stream sediment survey. Exploration programs performed in
2007 and 2008 included regional till sampling, prospecting,
geophysics and soil geochemistry. These programs lead to the
discovery of rare earth elements (REE) mineralization. The first
drilling program recently completed at Kipawa by Aurizon, totalled
681 metres in four (4) drill holes with the objective of testing
the Snake rare earth elements target, located in the western part
of the Kipawa southern claim block. These holes intersected a broad
rare earth mineralized envelope within a minimum true thickness
averaging 61 to 104 metres. Results are currently pending for
twenty-three (23) assays in Hole KW-08-03. Detailed results are
reported in the table attached to this news release. The best
results are as follows:
-------------------------------------------------------------------------
Rare earth elements From To true width + Yttrium(1) HREE+Y/(REE+Y)
Hole (metres) (metres) (metres) (%) (%)
-------------------------------------------------------------------------
KW-08-01 4.5 108.9 104.4 0.063 23
-------------------------------------------------------------------------
KW-08-02 3.0 78.0 75 0.06 18.3
-------------------------------------------------------------------------
KW-08-03 70.5 108.6 38.1 0.074 18.3
-------------------------------------------------------------------------
Results from hole KW-08-04 which had grades below 500 part per
million are not included in the table. 1. Rare earth elements
include lanthanum (La), cerium (Ce), praseodymium (Pr), neodymium
(Nd), samarium (Sm), europium (Eu), gadolinium (Gd), terbium (Tb),
dysprosium (Dy), holmium (Ho), erbium (Er), thulium (Tm), ytterbium
(Yb) and lutetium (Lu). It is common practice reporting Yttrium (Y)
also with the rare earth elements series. Geology ------- Rare
earth elements occurrences have been discovered by Aurizon on the
Kipawa property during field work in 2007 and 2008 along the
contact of the Kipawa alkaline intrusive. Mineralization occurred
along the contact between a syenite intrusive and altered hosted
rocks. Drilling has roughly delineated the eastern limit of the
mineralized system following a continuous horizon dipping 45
degrees westward. As indicated in the attached sketch,
mineralization starts at the collar and the holes did not intersect
the western limit. Total REE concentrations from individual samples
of 1.5 metres vary between 167 ppm and 1,800 ppm REE inside an
envelope of 38 metres to 104 metres. The Snake showing
mineralization has been delineated along a trend of 2.8 kilometres
and is conformable with the bedding (see news release dated June
13, 2008). Drilling sections have tested the syenite footwall
contact. Mineralization -------------- Kipawa syenitic complex is
typically enriched in heavy rare earth elements (HREE), Zirconium,
and, in places, other rare metals are found, such as Niobium (only
niobium and zirconium concentrations are noted in public files).
The percentages of HREE compared to the combined rare earths and
Yttrium (REE+Y) content encountered in Snake samples range from
approximately 10% to 30% and is mostly dominated by Gadolinium,
Erbium, and Ytterbium with Yttrium. The Snake REE mineralization is
essentially devoid of radioactive elements. The highest Uranium
value encountered is 15 ppm for an average of 2 ppm and the highest
Thorium value is 56 ppm for an average of 7 ppm. Mineralization is
associated with amphibole, oxides (hematite and magnetite),
phosphates and carbonate bearing rocks. The specific details of the
Snake REE mineralogy are presently unknown. About REE ---------
Rare earth elements are divided into two (2) distinct categories:
(1) heavy rare earth elements (HREE), grouping elements from
europium through lutetium; and (2) light rare earth elements (LREE)
grouping elements, such as lanthanum, cerium, praseodymium,
neodymium and samarium. REE (used as metal or oxides) are widely
used in different technologies such as magnet and magnetic devices,
opto-electronic devices, lasers, glass and ceramics. Outlook As a
result of the recent encouraging REE results, Aurizon is
considering a follow up exploration drilling program at Kipawa,
testing the recently targeted Eagle REE showing, located 43
kilometres south east of the Snake showing along the same
prospective trend. In order to evaluate the recovery potential of
the mineralization, a preliminary mineralogical study will be
initiated during the year. In 2009, Aurizon intends to continue its
focus of exploration on the main gold targets previously identified
by gold dispersion in till in 2008. The limited drill program
performed on gold targets in 2008 did not produce any significant
results. An exhaustive compilation of historical data,
interpretation of geophysical surveys and study of gold grains
(size, shape) obtained from glacial till sampling will be performed
to better define drill targets. "Considering the favourable project
location, deposit target size and markets considerations, we are
encouraged about the potential for an economic deposit at Kipawa,"
said Martin Demers, Exploration Manager. "Aurizon intends to
continue its ongoing close collaboration with the Eagle Village and
Wolf Lake First Nation communities," he added. Quality Control Core
assays are performed on core sawed in half, with lithium metaborate
fusion followed by standard ion couple plasma mass spectrometry
assays. Exploration primary assaying was performed at ALS Chemex of
Val d'Or. ALS Chemex is a fully accredited laboratory under ISO
9001-2000 standards. Drill hole planning, implementation and the
quality control program are supervised by Martin Demers P.Geo.,
Exploration Manager, a qualified person as defined by National
Instrument 43-101. Mr. Demers is also responsible for the
scientific and technical information in this news release.
Additional Information One sketch is attached locating the Snake
showing and section view. Detailed results from the drill holes are
reported in a separate table. All other information previously
released on the Kipawa Project is also available on the Aurizon
website. Click here to view the sketch and the Drilling Results
table: http://files.newswire.ca/734/sketch_and_table_Aurizon.pdf
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
http://www.aurizon.com/. FORWARD-LOOKING STATEMENTS0 This News
Release contains "forward-looking statements" within the meaning of
securities legislation. These forward-looking statements include,
but are not limited to, statements regarding the anticipated effect
of the completed drill results on the Kipawa project. This news
release provides assay results for specific drill holes of the
recently completed drill program, and there can be no assurance
that assay results to be reported from other holes that have been
drilled will provide similar results. Forward-looking statements
express, as at the date of this News Release, the Company's plans,
estimates, forecasts, projections, expectations, or beliefs as to
future events or results and, except as required under applicable
securities legislation, the Company does not intend, and does not
assume any obligation, to update these forward-looking statements.
Forward-looking statements are based on certain assumptions and
involve risks and uncertainties, and there can be no assurance that
such statements will prove to be accurate. Therefore, actual
results and future events could differ materially from those
anticipated in such statements. Factors that could cause results or
events to differ materially from current expectations expressed or
implied by the forward-looking statements, include, but are not
limited to conclusions of economic evaluations; changes in project
parameters as plans continue to be refined; future prices of gold
and rare earth elements; accidents, and other risks of the mining
industry; and other risks more fully described in Aurizon's Annual
Information Form filed with the Securities Commissions of the
provinces of British Columbia, Alberta, Manitoba, Ontario and
Quebec, and in Aurizon's Annual Report on Form 40-F filed with the
United States Securities and Exchange Commission. These documents
are available on Sedar at http://www.sedar.com/ and on Edgar at
http://www.sec.gov/. DATASOURCE: Aurizon Mines Ltd. 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: http://www.aurizon.com/; Email: ; or
Renmark Financial Communications Inc., 2080 Rene-Levesque Blvd.
West, Montreal, QC, H3H 1R6; Barry Mire: ; Jen Power: ; Media:
Vanessa Napoli: ; Tel: (514) 939-3989, Fax: (514) 939-3717
Copyright