AURIZON REPORTS A 44% INCREASE IN MINERAL RESERVES FOR THE CASA BERARDI MINE
Stock quotes in this article:
AZK
Shares Listed: Toronto Stock Exchange - Ticker Symbol - ARZ
NYSE Amex - Ticker Symbol - AZK
U.S. Registration: (File 001-31893)
News Release Issue #5 - 2011
VANCOUVER, March 10 /PRNewswire/ - Aurizon Mines Ltd. (TSX: ARZ; NYSE Amex: AZK) is pleased to report a 44% increase in mineral reserves and an updated mineral resource estimate for its Casa Berardi mine, located in north western Quebec, Canada.
Highlights include the following:
- Mine life extended from six years to ten years.
- An increase of 44% in mineral reserves to 1,457,000 ounces of gold.
- A significant open pit mineral reserve of 370,000 ounces established
in the area of the Principal zones, which are still open laterally.
- An increase of 10% in West Mine underground mineral reserves.
- An increase of 74% and an upgrade of the ounces contained in Zone 123
between the 800 metre and 1,000 metre levels. This zone remains open
both up dip and down dip.
- An increase of 40% in the ounces contained in the Principal Zones,
accessible from underground.
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CASA BERARDI MINE
MINERAL RESERVES AND RESOURCES SUMMARY(1)
as at December 31, 2010 versus 2009
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2010
--------------------------------------------------------------
Tonnes Grade Gold
Grams/tonne Ounces
--------------------------------------------------------------
Mineral Reserves
Proven and Probable
Mineral Reserves
Underground 4,057,000 7.7 1,005,000
Open pit 3,796,000 3.7 452,000
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Total Mineral Reserves 7,854,000 5.8 1,457,000
--------------------------------------------------------------
--------------------------------------------------------------
Mineral Resources
Measured Mineral Resources 1,155,000 5.7 211,900
Indicated Mineral
Resources 3,327,000 5.7 612,400
--------------------------------------------------------------
--------------------------------------------------------------
Total Measured &
Indicated Resources 4,481,000 5.7 824,000
--------------------------------------------------------------
--------------------------------------------------------------
Inferred Mineral Resources 3,981,000 5.8 748,000
--------------------------------------------------------------
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2009 2010
------------------------------------------------------------------------
Tonnes Grade Gold Gain (loss)
Grams/tonne ounces ounces
------------------------------------------------------------------------
Mineral Reserves
Proven and Probable
Mineral Reserves
Underground 3,798,000 7.6 929,000 76,000
Open pit 635,000 4.0 81,000 370,000
------------------------------------------------------------------------
Total Mineral Reserves 4,433,000 7.1 1,010,000 447,000
------------------------------------------------------------------------
------------------------------------------------------------------------
Mineral Resources
Measured Mineral Resources 789,000 5.3 134,500 77,400
Indicated Mineral
Resources 4,289,000 5.6 778,100 (165,700)
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Total Measured &
Indicated Resources 5,078,000 5.6 912,000 (88,000)
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Inferred Mineral Resources 4,487,000 6.6 958,000 (210,000)
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(1) See accompanying notes below detailed mineral reserve and mineral
resource tables for definitions, parameters, and assumptions. Please
note the mineral resources are exclusive of mineral reserves.
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