Press release from PR Newswire
AuRico Gold Announces Continued Exploration Success at Young-Davidson
Tuesday, November 06, 2012
AuRico Gold Announces Continued Exploration Success at Young-Davidson08:59 EST Tuesday, November 06, 2012
TORONTO, Nov. 6, 2012 /PRNewswire/ - AuRico Gold Inc. (TSX:AUQ) (NYSE:AUQ), ("AuRico" or "the Company") today provided an update on its 2012
exploration program at the Young-Davidson mine, located in Ontario,
Canada. Drill results continue to demonstrate potential immediately to
the west of the mine.
The Company currently has five diamond drills on surface exploring a
number of target areas. Year to date, almost 29,000 metres have been
completed, focusing primarily on two areas:
The YD West Zone, which is located west of the Main Zone below the 9,500
metre level. This zone, first discovered in 2010, has been further
defined to the west and at depth and remains open in both directions.
The West Shirriff area, which is located immediately to the west of the
YD West Zone (Figure 1). Results from this zone show anomalous gold of
the same rock type and alteration type as the main zones that make up
the Young-Davidson mine.
Chris Rockingham, AuRico's Vice President of Exploration commented
"Results are in line with expectations and we are pleased that the
drill program continues to demonstrate that mineralization extends well
beyond the existing reserve. Additional work will be conducted to
further test the continuity of the YD West Zone to the west and at
depth. Preliminary information from the West Shirriff area provides
encouragement for mineralization beyond YD West, approximately 1
kilometre from the mine."
The objective of the 2012 exploration program is to focus on continuing
to better define the YD West Zone and to conduct follow-up drilling on
additional targets.
YD West Zone:
11 of 14 planned holes have been completed, with the balance in
progress. Seven holes successfully intersected the YD West horizon
whereas four holes were dyked out at the target horizon. All seven
intersections contained gold bearing intervals and six of these
contained seven intervals that exceeded the cutoff grade of 1.1 g/t Au
over a mineable width for classification as a resource. The following
intervals also exceeded the cutoff grade of 1.7 g/t over a mineable
width for classification as reserve:
16.9 metres grading 3.99 g/t Au (YD12-253),
66.8 metres grading 1.89 g/t Au, including 21 metres grading 2.5 g/t Au
(YD12-253A)
9.9 metres grading 1.71 g/t Au (YD12-253C)
11.6 metres of 2.77 g/t Au (YD12-266)
One drill hole (YD12-266) intersected a gold zone about 55 metres
further into the footwall than forecast in an altered brecciated
syenite structural zone. This is a new style of gold mineralization on
the property and the orientation of the structural zone is being
investigated with new drilling.
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.
http://files.newswire.ca/975/Figure1AuRico.pdf
Figure 2 - YD West Zone longitudinal section looking north
http://files.newswire.ca/975/Figure2Aurico.pdf
Table 1 - YD West Zone Drill Results
Hole ID
From
(m)
To (m)
Interval
(m)
~True
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
YD11-250A
Did not reach target-stuck in 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.
YD12-253
1320.2
1334.2
16.90
12.7
3.99
YD-Main YD-West 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
YD12-253B
1340.8
1344.5
3.70
2.8
1.92
YD West Zone - Faulted/Dyked out 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
Pending
interpretation
2.05
YD West -HW Zone
1309.1
1320.7
11.60
Pending
interpretation
2.77
Lower/Displaced YD West-Sheared
incl
1316.8
1320.7
3.90
5.37
Table 2 - Shirriff Area Drill Results
Hole ID
From
(m)
To (m)
Interval
(m)
~True
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.
Technical Information and Qualified Persons
The assay analyses performed during AuRico's drill programs are subject
to a formal quality assurance and quality control (QA/QC) program
supervised by an independent expert. Additional information about the
mineral project as required by sections 3.2 and 3.3 of National
Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI
43-101") can be found in the Technical Report filed on August 28, 2009,
which may be found at www.sedar.com.
The Company's exploration team designed and executed the drilling
program under the supervision of Chris Rockingham, P. Geol., AuRico's
Vice President of Exploration and a Qualified Person as defined by
43-101, who has reviewed and approved the content of this news release.
About AuRico Gold
AuRico Gold is a leading Canadian gold producer with a diversified
portfolio of high quality mines and projects in North America that have
significant production growth and exploration potential. Following the
divestiture of Ocampo, the Company will be focused on its core
operations including the Young-Davidson gold mine in northern Ontario
which declared commercial production on September 1st, 2012 and the El Chanate mine in Sonora State. AuRico's strong project
pipeline also includes advanced development opportunities in Mexico and
British Columbia. AuRico's head office is located in Toronto, Ontario,
Canada
Cautionary Statement
Certain information regarding the Company contained herein may
constitute forward-looking statements within the meaning of applicable
securities laws. Forward-looking statements are subject to a variety
of risks and uncertainties which could cause actual events or results
to differ from those reflected in the forward-looking statements.
Should one or more of these risks and uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary
materially from those described in forward-looking statements.
Specific reference is made to "Risk Factors" in the Company's Annual
Information Form and 40-F Report. Forward-looking statements may
include estimates, plans, expectations, opinions, forecasts,
projections, guidance or other statements that are not statements of
fact including, without limitation, statements regarding future gold
and silver production and cash costs per ounce; potential
mineralization and reserves, including the impact of any future
exploration on reserve estimates; expectations regarding the timing and
extent of production at the Company's projects; the benefits to be
derived from acquisitions; future cash flows; estimates regarding the
future costs related to exploration and production at the Company's
projects; the nature and availability of additional funding sources;
there being no significant political developments, whether generally or
in respect of the mining industry specifically, in any jurisdiction in
which the Company now or in the future carries on business which are
not consistent with the Company's current expectations; there being no
significant disruptions affecting the Company's current or future
operations; and future plans and objectives of the Company. In some
cases, you can identify forward-looking statements by the use of words
such as may, will, should, could, expect, plan, intend, anticipate,
believe, estimate, predict, potential or continue or the negative or
other variations of these words, or other comparable words or phrases.
Although the Company believes that the expectations reflected in such
forward-looking statements are reasonable, it can give no assurance
that such expectations will prove to have been correct. Important
factors that could cause actual results to differ materially from the
Company's expectations include, among others, risks related to
international operations, including political turmoil and limited local
infrastructure to support large scale mining operations; the actual
results of current exploration activities; conclusions of economic
evaluations and changes in project parameters as plans continue to be
refined; timing and amount of production; unanticipated grade changes;
unanticipated recovery rates or production problems; changes in mining,
processing and overhead costs; changes in metallurgy and processing
technology; access and availability of materials, equipment, supplies,
labour and supervision, power and water; availability of drill rigs;
costs and timing of development of new mineral reserves; joint venture
relationships; wars or armed conflicts, either globally or in the
countries in which the Company operates; local and community impacts
and issues; timing and receipt of government approvals; accidents and
labour disputes; environmental costs and risk; competitive factors,
including competition for property acquisitions; availability of
capital at reasonable rates or at all; changes in interest rates and
currency rates; and fluctuations in future prices of gold and silver.
These factors are set out in more detail in the Company's Annual
Information Form. The Company's forward-looking statements are
expressly qualified in their entirety by this cautionary statement.
Appendix -Drill Collar Tables
(i) YD West Zone
Home Name
Mine
Easting
Mine
Northing
Mine
Elevation
UTM
Nad83E
UTM
Nad83N
Elevation
(m)
Azimuth
Dip
TDepth
YD11-249
22810.0
10250.0
10327.0
522810.0
5310250.0
327.0
299.0
-71.5
859.0
YD11-250A
22446.3
9864.5
10379.1
522446.3
5309864.5
379.1
356.0
-72.5
855.0
YD11-251
22526.9
10042.9
10382.2
522526.9
5310042.9
382.3
354.8
-72.2
96.0
YD11-251A
22526.5
10042.8
10382.1
522526.5
5310042.8
382.1
354.8
-70.0
1075.6
YD12-251B
22526.5
10042.8
10382.1
522526.5
5310042.8
382.1
354.8
-70.0
1080.0
YD12-252
22489.5
9852.8
10368.4
522489.5
5309852.8
368.5
351.7
-70.2
1584.0
YD12-252A
22489.5
9852.8
10368.4
522489.5
5309852.8
368.5
351.7
-70.2
636.0
YD12-253
22540.0
9855.0
10360.0
522540.0
5309855.0
360.0
357.0
-70.2
1506.0
YD12-253A
22540.0
9855.0
10360.0
522540.0
5309855.0
360.0
352.1
-69.6
1515.0
YD12-253B
22540.0
9855.0
10360.0
522540.0
5309855.0
360.0
352.1
-69.6
1486.0
YD12-253C
22540.0
9855.0
10360.0
522540.0
5309855.0
360.0
352.1
-69.6
1506.0
YD12-266
22460.0
10044.0
10395.0
522460.0
5310044.0
395.0
355.0
-71.5
1368.0
(ii) Shirriff Area
Home Name
Mine Easting
Mine Northing
Mine Elevation
UTM Nad83E
UTM Nad83N
Elevation (m)
Azimuth
Dip
TDepth
YD12-254
21865.0
9962.0
10348.0
521865.0
5309962.0
348.0
355.0
-71.0
1380.0
YD12-257
21978.0
10057.0
10335.0
521978.0
5310057.0
335.0
0.0
-68.5
309.0
YD12-257A
21978.0
10057.0
10335.0
521978.0
5310057.0
335.0
0.0
-68.7
1311.
SOURCE AuRico Gold Inc.PDF available at: http://stream1.newswire.ca/media/2012/11/06/20121106_C5258_DOC_EN_20221.pdfPDF available at: http://stream1.newswire.ca/media/2012/11/06/20121106_C5258_DOC_EN_20218.pdfFor further information: <p> Please visit the AuRico Gold website at <a href="http://www.auricogold.com">www.auricogold.com</a> or contact: </p> <p> Chris Rockingham<br/> Vice President, Exploration and<br/> Business Development<br/> AuRico Gold Inc.<br/> 1-647-260-8880 </p> <p> Anne Day<br/> Vice President, Investor Relations<br/> and Communications<br/> AuRico Gold Inc.<br/> 1-647-260-8880 </p>
