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| | |   CASA BERARDI EXPLORATION Casa Berardi Mine An aggressive exploration program is in progress at Casa Berardi, following completion of the exploration drift at the 810 metre level, east of Zone 113 and south of the Casa Berardi fault. Drilling is in progress to test the depth extension of Zone 113, the continuity and extension of zones previously discovered by surface drilling in the Principal Zone area, the west extension of the Lower Inter Zone, and along the dip extension of the East Mine with the objective of delineating mineral resources. Ten surface and underground drill rigs are currently active on site. Recent drilling from the 280 metre level drift has targeted two parallel zones, 124-1 and 124-2, approximately 20 to 30 metres apart, that have over 100 metres of strike length between a depth of 100 metres and 350 metres. The drill results indicate high grade trends within the zones, with intersections such as 59.4 grams of gold per tonne over 7.0 metres in Zone 124-1, and 16.2 grams of gold per tonne over 4.2 metres in Zone 124-2. In addition, recent drilling from the new 810 metre level drift has returned high grade intersections such as 16.8 grams of gold per tonne over 5.3 metres and 18.9 grams of gold per tonne over 4.0 metres in Zone 120, located 650 metres east of the current production shaft. For the remainder of 2009, $5.0 million will be invested at Casa Berardi for exploration activities, including $ 2.2 million on underground development and infrastructure.
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. 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 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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