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AuRico Reports 2012 Reserve & Resource Update And Kemess Feasibility Study Results

Stocks in this article: AUQ

The feasibility study was prepared by SRK Consulting ( Canada) Inc. ("SRK") and a technical report in compliance with National Instrument 43-101 will be filed on SEDAR at http://www.sedar.com within the next 45 days and will also be available on AuRico's website at http://www.auricogold.com.

Chris Bostwick, Senior Vice President, Technical Services for AuRico Gold Inc. has reviewed the scientific and technical information contained within this press release and serves as the Qualified Person as defined by National Instrument 43-101.

Reserves and Resources (as of December 31, 2012)

                                                               Total Proven and Probable
                      Proven Reserves      Probable Reserves           Reserves
                                   Gold                  Gold
                    Tonnes  Gold    oz.  Tonnes  Gold     Oz.   Tonnes    Gold    Gold Oz.
                   (000's) (g/t) (000's) (000's) (g/t) (000's)  (000's)   (g/t)   (000's)
    El Chanate      36,845  0.68    801  19,015  0.66     403   55,859     0.67    1,204
    Young-Davidson
    - Surface        3,934  1.28    162   2,491  1.36     109    6,425     1.31      271
    Young-Davidson
    - Underground    4,547  2.97    434  34,490  2.80   3,100   39,037     2.82    3,534
    Total
    Young-Davidson   8,481  2.19    596  36,981  2.70   3,209   45,462     2.60    3,804
    Kemess
    Underground
    (KUG)                -     -      - 100,373  0.56   1,805  100,373     0.56    1,805
    AuRico - Total  45,326  0.96  1,397 156,369  1.08   5,417  201,695     1.05    6,813

 

                                                               Total Measured and Indicated
                    Measured Resources    Indicated Resources           Resources
                                    Gold                  Gold
                    Tonnes  Gold     oz.  Tonnes  Gold     Oz.   Tonnes    Gold    Gold Oz.
                   (000's) (g/t) (000's) (000's) (g/t) (000's)  (000's)    (g/t)   (000's)
    El Chanate       1,233  0.31      12   2,235  0.40      29   3,468     0.37       41
    Young-Davidson
    - Surface           98  1.60       5     193  1.76      11     291     1.70       16
    Young-Davidson
    - Underground      877  4.17     118   8,654  2.59     722   9,531     2.74      839
    Total
    Young-Davidson     975  3.91     123   8,846  2.58     733   9,821     2.71      855
    Kemess
    Underground
    (KUG)                -     -       -  65,432  0.41     854  65,432     0.41      854
    Orion (50%)          -     -       -     554  3.66      65     554     3.36       65
    AuRico - Total   2,208  1.90     135  77,067  0.68   1,680  79,274     0.71    1,815

 

                                    Inferred Resources
                                 Tonnes   Gold   Gold oz
                                 (000's)  (g/t)  (000's)
    El Chanate                       409   0.48       6
    Young-Davidson - Surface          31   0.99       1
    Young-Davidson - Underground  13,983   2.80   1,259
    Total Young-Davidson          14,014   2.80   1,260
    Kemess Underground (KUG)       9,969   0.39     125
    Orion (50%)                       91   3.33      10
    AuRico - Total                24,483   1.78   1,400

 


                           Copper Reserves & Resources
                           Tonnes   Copper  Copper lbs
    Kemess                 (000's)   (%)      (000's)
    Probable Reserves      100,373   0.28    619,151
    Indicated Resources     65,432   0.24    346,546
    Inferred Resources       9,969   0.21     46,101

 

                               Silver Resources
                           Tonnes  Silver  Silver Oz.
    Orion                 (000's)  (g/t)    (000's)
    Indicated Resources     554     309      5,503
    Inferred Resources       91      95        275

 

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