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![]() ![]() CASA BERARDI EXPLORATION Casa Berardi Mine At Casa Berardi, a three year underground exploration program, initiated in 2007, will continue as follows:
In addition, deep drilling from surface will focus on the extension of the South fault, east of Zone 123-S. Casa Berardi - Lake Shore option Lake Shore Gold Corp. ("Lake Shore") reported encouraging drill results from its optioned portion of the Casa Berardi property where it may earn up to a 50% interest by spending $5.0 million over 5 years. The optioned portion of the Casa Berardi property lies to the east and west of Aurizon's wholly-owned Casa Berardi mining operations. The results of the program, which involved a total of 12 diamond drill holes, included the discovery of a new gold zone, with the best intercept being 13.03 grams per tonne gold over 6.45 metres within a broader intersection of 8.58 grams per tonne gold over 10.4 metres ("Hole CE-08-03"). Hole CE-08-03 is the deepest mineralized intersection at a vertical depth of 247 metres and is located approximately 90 metres below a historic intercept of 11.11 grams per tonne over 2.24 metres. The new intercept is open both at depth and laterally. The gold zone discovery is approximately 7.5 kilometres east north-east of Aurizon's Casa Berardi East Mine and mill complex. Exploration related activities totalling $10.2 million will be invested at Casa Berardi in 2008, including $6.1 million on underground development and infrastructure, and $4.1 million on approximately 45,000 metres of surface and underground drilling. Future Exploration and Development Aurizon is currently working on a mining plan to transfer existing indicated mineral resources into the reserve category and is carrying out drill programs to upgrade existing mineral resources and expand mineral resources.
The results of the program, which involved a total of 12 diamond drill holes, included the discovery of a new gold zone, with the best intercept being 13.03 grams per tonne gold over 6.45 metres within a broader intersection of 8.58 grams per tonne gold over 10.4 metres ("Hole CE-08-03"). Hole CE-08-03 is the deepest mineralized intersection at a vertical depth of 247 metres and is located approximately 90 metres below a historic intercept of 11.11 grams per tonne over 2.24 metres. The new intercept is open both at depth and laterally. The gold zone discovery is approximately 7.5 kilometres east north-east of Aurizon's Casa Berardi East Mine and mill complex. The Casa Berardi Exploration Property covers 227 claims in an east and west block surrounding the Casa Berardi Mine and covers an area of 11,594 hectares along a 30-kilometre section of the Casa Berardi fault. The Casa Berardi fault is a major structural zone that is host to a number of gold and base metal deposits. Numerous gold showings occur within the Casa Berardi Exploration Property, which have only been subject to limited exploration since their discovery in the 1980s. Additional Information Please browse to our news releases pages for additional information on exploration results at Casa Berardi. | |||||||
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