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
TheStreet Open House

AuRico Gold Announces Continued Exploration Success At Young-Davidson

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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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 17,975.14 +262.48 1.48%
S&P 500 2,077.19 +16.17 0.78%
NASDAQ 4,930.1010 +38.8820 0.79%

Partners Compare Online Brokers

Free Reports

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