This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

AuRico Gold Announces Continued Exploration Success At Young-Davidson

TORONTO, November 6, 2012 /PRNewswire/ --

AuRico Gold Inc. (TSX:AUQ) (NYSE:AUQ), ("AuRico" or "the Company") today provided an update on its 2012 exploration program at the Young- Davidson mine, located in Ontario, Canada. Drill results continue to demonstrate potential immediately to the west of the mine.

The Company currently has five diamond drills on surface exploring a number of target areas.  Year to date, almost 29,000 metres have been completed, focusing primarily on two areas:

  • The YD West Zone, which is located west of the Main Zone below the 9,500 metre level.  This zone, first discovered in 2010, has been further defined to the west and at depth and remains open in both directions.
  • The West Shirriff area, which is located immediately to the west of the YD West Zone (Figure 1).  Results from this zone show anomalous gold of the same rock type and alteration type as the main zones that make up the Young- Davidson mine.

Chris Rockingham, AuRico's Vice President of Exploration commented "Results are in line with expectations and we are pleased that the drill program continues to demonstrate that mineralization extends well beyond the existing reserve.  Additional work will be conducted to further test the continuity of the YD West Zone to the west and at depth.  Preliminary information from the West Shirriff area provides encouragement for mineralization beyond YD West, approximately 1 kilometre from the mine."

The objective of the 2012 exploration program is to focus on continuing to better define the YD West Zone and to conduct follow-up drilling on additional targets.

YD West Zone:

11 of 14 planned holes have been completed, with the balance in progress. Seven holes successfully intersected the YD West horizon whereas four holes were dyked out at the target horizon.  All seven intersections contained gold bearing intervals and six of these contained seven intervals that exceeded the cutoff grade of 1.1 g/t Au over a mineable width for classification as a resource.  The following intervals also exceeded the cutoff grade of 1.7 g/t over a mineable width for classification as reserve:

  • 16.9 metres grading 3.99 g/t Au (YD12-253),
  • 66.8 metres grading 1.89 g/t Au, including 21 metres  grading 2.5 g/t Au (YD12-253A)
  • 9.9 metres grading 1.71 g/t Au (YD12-253C)
  • 11.6 metres of 2.77 g/t Au (YD12-266)

One drill hole (YD12-266) intersected a gold zone about 55 metres further into the footwall than forecast in an altered brecciated syenite structural zone.  This is a new style of gold mineralization on the property and the orientation of the structural zone is being investigated with new drilling.

1 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,092.63 -20.91 -0.12%
S&P 500 1,987.84 +4.31 0.22%
NASDAQ 4,473.92 +17.9040 0.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs