VANCOUVER, BRITISH COLUMBIA — (MARKET WIRE) — 11/22/10 —
Of the 20 reported drill holes from the Glory Hole and Cabrestante zones, 14 drill holes have intercepts of greater than 1.0% Cu with significant gold and silver values.
Highlights include (see Table 1 and Map 1):
— Hole AZC-097, which returned 55.5 metres of 1.15% Cu, 0.44 g/t Au and 9.40 g/t Ag; — Hole AZC-112, which returned 15.0 metres of 1.89% Cu, 2.79 g/t Au and 21.94 g/t Ag; — Hole AZC-115, which returned 18.0 metres of 1.15% Cu, 0.96 g/t Au and 12.05 g/t Ag; — Hole AZC-117, which returned 25.5 metres of 1.81% Cu, 1.00 g/t Au and 23.36 g/t Ag; — Hole AZC-123, which returned 22.5 metres of 1.29% Cu, 0.82 g/t Au and 11.83 g/t Ag; — Hole AZC-146, which returned 16.5 metres of 1.48% Cu, 0.93 g/t Au and 14.10 g/t Ag; — Hole AZC-158, which returned 19.5 metres of 1.24% Cu, 0.80 g/t Au and 21.44 g/t Ag; — Hole AZC-166, which returned 12.0 metres of 1.98% Cu, 1.71 g/t Au and 23.71 g/t Ag, and 19.5 metres of 1.76% Cu, 0.80 g/t Au and 16.88 g/t Ag; — Hole AZC-200, which returned 10.7 metres of 1.05% Cu, 2.05 g/t Au and 15.72 g/t Ag; — Hole AZC-209, which returned 32.0 metres of 1.00% Cu, 1.17 g/t Au and 10.70 g/t Ag; and — Zona CC Hole AZC-179, which returned 45.0 metres of 1.05% Cu, 0.86 g/t Au and 28.83 g/t Ag;
These results were received after the most recent resource update (see News Release no. 2010-18 dated September 20, 2010). Three rigs continue to drill along strike, with a focus on the area from the Glory Hole zone to Zona CC. In addition, two drill rigs are focused on the deep drill program at the
Commenting on these results, Mr.
Patrick Downey, President and CEO of
Aranzazu Commissioning
The commissioning of the Aranzazu mine and plant are continuing as planned. Commissioning of the grinding circuit is ongoing, with throughput expected to average 1,000 tonnes per day (“tpd”) in November, ramping up to full throughput of 2,600 tpd by year-end.
Table 1 – Aranzazu Assays (see Map 1 below)
————————————————————————— Azi- Cu muth Dip From To Interval (2) Au Ag (Deg- (Deg- (met- (met- (1) (4) (3) (3) Hole # East North rees) rees) res) res) (metres) (%) (g/t) (g/t) ————————————————————————— AZC- 097 253925 2724265 210 -60 142.5 145.5 3.0 0.93 0.29 29.00 ————————————————————————— AZC- 097 253925 2724265 210 -60 271.5 274.5 3.0 0.89 0.30 5.80 ————————————————————————— AZC- 097 253925 2724265 210 -60 295.5 351 55.5 1.15 0.44 9.40 ————————————————————————— AZC- 112 254119 2724203 210 -49 285.0 300.0 15.0 1.89 2.79 21.94 ————————————————————————— AZC- 115 254119 2724203 211 -55 300.0 318.0 18.0 1.15 0.96 12.05 ————————————————————————— AZC- 115 254119 2724203 211 -55 322.5 327.0 4.5 0.77 0.33 7.23 ————————————————————————— AZC- 117 254277 2724177 206 -46 327.0 352.5 25.5 1.81 1.00 23.36 ————————————————————————— AZC- 123 254119 2724204 210 -68 345.0 367.5 22.5 1.29 0.82 11.83 ————————————————————————— AZC- 127 254171 2724180 212 -51 297.0 300.0 3.0 2.71 2.40 38.90 ————————————————————————— AZC- 146 254518 2724098 208 -77 636.0 652.5 16.5 1.48 0.93 14.10 ————————————————————————— AZC- 150 254328 2724112 210 -65 285.0 288.0 3.0 1.25 0.40 28.40 ————————————————————————— AZC- 150 254328 2724112 210 -65 295.5 298.5 3.0 0.54 0.35 12.55 ————————————————————————— AZC- 150 254328 2724112 210 -65 312.0 315.0 3.0 0.81 0.34 8.65 ————————————————————————— AZC- 150 254328 2724112 210 -65 372.0 376.5 4.5 0.94 0.66 11.00 ————————————————————————— AZC- 155 254223 2724181 212 -73 415.5 420.0 4.5 0.94 1.96 12.13 ————————————————————————— AZC- 158 254328 2724112 208 -58 238.5 247.5 9.0 0.96 0.34 23.23 ————————————————————————— AZC- 158 254328 2724112 208 -58 339.0 358.5 19.5 1.24 0.80 21.44 ————————————————————————— AZC- 162 254329 2724112 211 -81 351.0 369.0 18.0 0.90 0.37 23.87 ————————————————————————— AZC- 162 254329 2724112 211 -81 475.5 478.5 3.0 1.24 0.68 13.60 ————————————————————————— AZC- 166 254551 2724049 209 -57 282.0 301.5 19.5 0.58 0.77 8.51 ————————————————————————— AZC- 166 254551 2724049 209 -57 462.0 474.0 12.0 1.98 1.71 23.71 ————————————————————————— AZC- 166 254551 2724049 209 -57 480.0 499.5 19.5 1.76 0.80 16.88 ————————————————————————— AZR- 171 254384 2724045 210 -45 39.6 42.7 3.1 0.66 0.31 23.06 ————————————————————————— AZR- 195 253955 2724019 220 -50 0.0 3.1 3.1 0.70 0.29 6.28 ————————————————————————— AZR- 196 253965 2724039 190 -67 96.0 105.2 9.2 0.76 0.40 5.27 ————————————————————————— AZR- 197 254374 2724084 212 -56 193.6 210.3 16.8 0.70 0.52 7.12 ————————————————————————— AZR- 198 254551 2724050 22 -69 102.1 105.2 3.1 3.65 4.50 53.82 ————————————————————————— AZR- 198 254551 2724050 22 -69 112.8 115.8 3.0 1.07 5.62 29.55 ————————————————————————— AZR- 200 254542 2724082 32 -83 99.1 102.1 3.1 1.79 3.08 13.59 ————————————————————————— AZR- 200 254542 2724082 32 -83 231.7 242.3 10.7 1.05 2.05 15.72 ————————————————————————— AZR- 207 254327 2724066 203 -63 210.3 213.4 3.1 0.76 0.29 6.10 ————————————————————————— AZR- 207 254327 2724066 203 -63 225.6 230.1 4.6 0.78 0.38 7.74 ————————————————————————— AZR- 209 254330 2724072 210 -48 158.5 161.5 3.0 0.51 0.70 18.75 ————————————————————————— AZR- 209 254330 2724072 210 -48 237.7 269.8 32.0 1.00 1.17 10.70 ————————————————————————— Zona CC ————————————————————————— AZC- 179 254736 2723564 96 -62 186.0 199.5 13.5 0.79 0.27 4.66 ————————————————————————— AZC- 179 254736 2723564 96 -62 237.0 282.0 45.0 1.05 0.86 28.83 ————————————————————————— AZC- 179 254736 2723564 96 -62 307.5 310.5 3.0 0.89 0.42 6.15 ————————————————————————— AZC- 179 254736 2723564 96 -62 324.0 327.0 3.0 1.10 0.84 48.85 ————————————————————————— (1) true width has yet to be determined (2) using a copper cutoff grade 0.5% (3) fire assay and atomic absorption finish (4) atomic absorption (“AA”)
Qualified Person
Exploration at the
Alan Hitchborn, P.Geo., who is the Company’s Qualified Person as defined by NI 43-101. Mr. Hitchborn has also reviewed and approved the contents of this news release as applicable.
Quality Assurance and Quality Control (“QA/QC”) Procedures for the
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Contacts:
Patrick Downey President & Chief Executive Officer (604) 669-4777 (604) 696-0212 (FAX) info@auraminerals.com www.auraminerals.com