This Day On The Street
Continue to site right-arrow
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

Stocks in this article: AUQ

West Shirriff

Eleven (11) holes have been drilled elsewhere on the property, with the most encouraging results coming from two holes in the West Shirriff area (YD12-257A and YD12-262). Both holes intersected low grade gold mineralization hosted in syenite with similar mineralization and alteration to the Main Zone and YD West Zone. The significance of this is that most of the current open pit and underground resources are related to syenite-hosted gold and almost all of the historical production at the Young- Davidson mine and 60% of the production from the MCM Mine was from syenite-hosted gold mineralization

Hole 257A intersected an upper zone of 0.42 g/t Au over 25.2 metres and a lower zone of 0.42 g/t Au over 14.2 metres while YD12-262 further west intersected 6.0 metres grading 0.39 g/t Au and a lower zone of 8.4 metres grading 0.30 g/t as shown in Figure 2. Although not ore grade, these intersections are considered important. The Company believes that the targets were not drilled to the appropriate depth and that there may be an excellent exploration target similar to the YD West Zone at depth below the 9500L.

Figure 1:  Long section view facing north showing (from left to right) the  West Shirriff  area ,  the YD West Zone and the western portion of Young- Davidson mine.

Figure 2 - YD West Zone longitudinal section looking north

Table 1 - YD West Zone Drill Results

               From         Interval     ~True
     Hole ID   (m)   To (m)   (m)      Thickness    Au g/t*      Comments
    YD11-249  813.4  832.6    19.2        8.5        1.14   YD West Zone
    incl      824.5  832.6    8.1         3.6        1.49
                                                            Did not reach
                                                            target-stuck in
    YD11-250A                                               fault
    YD11-251A 987.4  990.3    2.90        2.2        5.74   Upper YD West
              999.2  1023.3  24.10        18.1       0.96   YD West Zone
    YD12-252  1432.5 1517.7   85.2        63.9       0.90   YD West Zone
    incl      1432.5 1468.2  35.70        26.8       1.09   YD West Zone
    incl      1505.3 1515.8  10.50        7.9        1.23   YD West Zone
    YD12-251B                                               Dyked out.
                                                            YD-Main YD-West
    YD12-253  1320.2 1334.2  16.90        12.7       3.99   convergence
              1505.3 1517.7  12.40        9.3        1.16   YD West FW Zone
              1505.3 1514.3   9.00        6.8        1.37   YD West FW Zone
    YD12-253A 1370.3 1437.1  66.80        50.1       1.89   YD West Zone
    incl      1385.0 1396.7  11.70        8.8        2.81
    incl      1405.0 1426.0  21.00        15.8       2.50
                                                            YD West Zone -
                                                            Faulted/Dyked out
    YD12-253B 1340.8 1344.5   3.70        2.8        1.92   partial
    YD12-253C 1352.1 1367.4  15.30                   1.38   YD West Zone
    incl      1352.1 1362.0   9.9                    1.71
    YD12-266  1245.7 1247.2 1.50     interpretation 2.05    YD West -HW Zone
                                        Pending             Lower/Displaced YD
              1309.1 1320.7  11.60   interpretation  2.77   West-Sheared
    incl      1316.8 1320.7   3.90                   5.37

Table 2 - Shirriff Area Drill Results

              From         Interval   ~True
    Hole ID    (m)  To (m)   (m)    Thickness Au g/t* Comments
    YD12-257A 599.3 624.5   25.20     18.9     0.42        Upper Shirriff
              627.0 641.2   14.20     10.7     0.42        Upper Shirriff
    YD12-262  789.4 795.4    6.00      4.5     0.39   West Shirriff-Upper
              804.5 812.9    8.40      6.3     0.30   West Shirriff-Lower

* No capping required as no samples exceeded 20 g/t.

2 of 4

Select the service that is right for you!

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 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

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