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AuRico Gold Provides An Update On The 2012 El Chanate Exploration Program

Stocks in this article: AUQ

TORONTO, October 22, 2012 /PRNewswire/ --

AuRico Gold Inc. (TSX:AUQ) (NYSE: AUQ), ("AuRico" or "the Company") is pleased to provide an update on its exploration program at the El Chanate mine located in Sonora, Mexico.

The 2012 exploration program has identified two new discoveries that are directly on trend of the open pit as well as the extension of the previously identified North West zone located approximately 50 metres northwest of the open pit. The newly discovered Rono zone is approximately 600 metres northwest of the open pit and the Loma Prieta zone is approximately 1.2 kilometres southeast from the ultimate pit boundary.

El Chanate Mine (looking south):

One diamond drill and one reverse circulation drill have been operating on the property since the second quarter of the year with 13 core holes (4,966 metres) and 103 reverse circulation holes (19,605 metres) having been completed to date. At the North West zone, five drill holes, over a 300 metre strike length, intersected intervals of 6 to 27 metres down hole with grades comparable to material currently being mined in the main open pit (reserve grade 0.65 g/t Au and resource grade of 0.42 g/t Au) as shown in the table below.  Given that the boundary of this zone is within 50 metres of the ultimate El Chanate open pit outline, there is a high probability that additional drilling could upgrade confidence in the mineralization and convert it into mineral resources.

Drilling Highlights

    Hole ID  From (m) To (m) Length (m) Grade Au g/t

                    North West Zone
    CHCI-731  183.0   192.0     9.0         0.31
              210.0   217.5     7.5         0.26
    CHCI-732   55.5    82.5     27.0        0.45
    CHCI-733   24.0    34.5     10.5        0.91
    CHCI-734  133.5   141.0     7.5         1.51
    CHCI-735   97.5   103.5     6.0         2.07
    CHCI-749   7.5     21.0     13.5        0.19
    CHCI-740   76.5   135.0     58.5        0.27
    CHCI-741  114.0   166.5     52.5        0.34
                      Loma Prieta
    CHCI-705   46.5    54.0     7.5         0.92
    CHCI-716   52.5    64.5     12.0        8.35
    CHCI-717   58.5    66.0     7.5         3.60
               88.5    93.0     4.5         6.52
    CHCI-725   61.5    75.0     13.5        1.70
    CHCI-727   48.0    54.0     6.0         4.52
    CHCI-747   64.5    70.5     6.0         2.10

The Rono discovery is in the area of an historic working, six hundred metres northwest of the El Chanate ultimate pit outline. Hole CHCI-741 intersected 52.5 metres of 0.34 g/t gold including 24 metres of 0.49 g/t gold and 12 metres of 0.37 g/t gold. A second hole CHCI 740,120 metres along strike, intersected 0.27 g/t gold over 58.5 metres. This zone is open along strike in both directions.

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