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VANCOUVER, BRITISH COLUMBIA — (MARKET WIRE) — 12/16/09 —
The Company is continuing to drill close-spaced resource definition holes for mine planning as part of the planned restart of operations in Q2/2010. Results from a further 25 holes have been received.
Highlights are as follows (see Table 1 and Maps 1 and 2 below):
– Hole AZC-042 which returned 19.5 metres of 3.07% Cu, 0.93 g/t Au and 34.21 g/t Ag; – Hole AZC-043 which returned 5.9 metres of 2.30% Cu, 3.84 g/t Au and 43.88 g/t Ag; – Hole AZC-044 which returned 52.5 metres of 1.56% Cu, 1.33 g/t Au and 14.79 g/t Ag; – Hole AZC-048 which returned 25.5 metres of 1.80% Cu, 0.48 g/t Au and 22.63 g/t Ag; – Hole AZC-050 which returned 13.5 metres of 1.62% Cu, 0.64 g/t Au and 19.87 g/t Ag; – Hole AZC-057 which returned 13.5 metres of 3.41% Cu, 1.25 g/t Au and 21.26 g/t Ag; – Hole AZC-061 which returned 61.5 metres of 1.89% Cu, 1.03 g/t Au and 26.58 g/t Ag; – Hole AZC-062 which returned 84.0 metres of 2.19% Cu, 0.67 g/t Au and 16.09 g/t Ag; and – Hole AZR-038 which returned 12.2 metres of 1.07% Cu, 1.16 g/t Au and 12.68 g/t Ag.
The results continue to demonstrate the continuity of the high grade Arroyos Azules zone and also the proximal
Glory Hole zone. The Arroyos Azules zone is currently part of the mine plan for the planned restart of operations. Of importance is that the continuity of the overall mineralized system is being confirmed along strike and expanded down-dip. This drilling will be continued as part of the previously announced plan (see News Release 2009-13 dated October 14, 2009) to investigate the potential to develop the
Commenting on the above, Mr.
Patrick Downey, President and CEO of
We are also well advanced on the restart of operations and remain on target to recommence production in the second quarter of 2010.”
Table 1 – Aranzazu Assays (see Map 1 and Map 2 below) ————————————————————————— Azi- Inter- Cu muth Dip val(1) (2) Au Ag (deg- (deg- From To (met- (4) (3) (3) Hole # East North rees) rees) (metres) (metres) res) (%) (g/t) (g/t) ————————————————————————— AZC-038 254000 2724197 211 -52 31.50 36.00 4.50 0.57 0.08 2.90 ————————————————————————— AZC-042 253944 2724150 213 -63 192.00 211.50 19.50 3.07 0.93 34.21 ————————————————————————— AZC-042 253944 2724150 213 -63 217.50 220.50 3.00 1.73 0.49 8.60 ————————————————————————— AZC-043 253944 2724150 213 -69 256.40 262.30 5.90 2.30 3.84 43.88 ————————————————————————— AZC-044 253881 2724138 211 -46 117.00 120.00 3.00 2.37 0.40 11.35 ————————————————————————— AZC-044 253881 2724138 211 -46 138.00 190.50 52.50 1.56 1.33 14.79 ————————————————————————— AZC-044 253881 2724138 211 -46 201.00 208.50 7.50 1.50 0.62 11.12 ————————————————————————— AZC-046 253881 2724283 221 -45 231.00 241.50 10.50 1.08 0.39 5.77 ————————————————————————— AZC-046 253881 2724283 221 -45 247.50 253.50 6.00 0.88 0.31 4.53 ————————————————————————— AZC-046 253881 2724283 221 -45 292.50 297.00 4.50 1.09 0.25 6.83 ————————————————————————— AZC-046 253881 2724283 221 -45 304.50 313.50 9.00 0.79 0.16 5.60 ————————————————————————— AZC-047 253817 2724245 219 -50 166.50 169.50 3.00 1.43 0.77 13.65 ————————————————————————— AZC-048 253882 2724283 219 -50 228.00 234.00 6.00 1.09 0.34 34.70 ————————————————————————— AZC-048 253882 2724283 219 -50 255.00 264.00 9.00 0.79 0.28 3.35 ————————————————————————— AZC-048 253882 2724283 219 -50 276.00 279.00 3.00 0.82 0.35 3.55 ————————————————————————— AZC-048 253882 2724283 219 -50 322.50 348.00 25.50 1.80 0.48 22.63 ————————————————————————— AZC-050 253797 2724305 221 -45 175.50 189.00 13.50 1.62 0.64 19.87 ————————————————————————— AZC-050 253797 2724305 221 -45 226.50 232.50 6.00 0.83 0.28 6.53 ————————————————————————— AZC-050 253797 2724305 221 -45 264.00 268.50 4.50 3.34 0.88 28.57 ————————————————————————— AZC-052 253797 2724305 221 -51 184.50 192.00 7.50 1.14 0.32 16.20 ————————————————————————— AZC-052 253797 2724305 221 -51 207.00 222.00 15.00 0.61 0.18 9.90 ————————————————————————— AZC-052 253797 2724305 221 -51 247.50 253.50 6.00 0.75 0.22 5.10 ————————————————————————— AZC-052 253797 2724305 221 -51 258.00 261.00 3.00 0.83 0.26 8.40 ————————————————————————— AZC-053 253818 2724245 221 -65 223.50 228.00 4.50 0.61 0.22 6.37 ————————————————————————— AZC-053 253818 2724245 221 -65 250.50 265.50 15.00 0.56 0.23 5.79 ————————————————————————— AZC-054 253798 2724306 219 -56 232.50 235.50 3.00 0.79 0.22 9.80 ————————————————————————— AZC-054 253798 2724306 219 -56 258.00 261.00 3.00 1.08 0.25 7.90 ————————————————————————— AZC-054 253798 2724306 219 -56 283.50 286.50 3.00 0.78 0.23 0.05 ————————————————————————— AZC-054 253798 2724306 219 -56 310.50 313.50 3.00 0.75 0.38 0.78 ————————————————————————— AZC-055 253799 2724259 219 -51 177.00 180.00 3.00 1.05 0.56 10.90 ————————————————————————— AZC-056 253779 2724275 221 -53 162.00 166.50 4.50 1.83 0.62 31.63 ————————————————————————— AZC-057 253852 2724205 219 -45 4.50 7.50 3.00 0.70 0.48 21.55 ————————————————————————— AZC-057 253852 2724205 219 -45 106.50 109.50 3.00 0.92 0.35 5.80 ————————————————————————— AZC-057 253852 2724205 219 -45 129.00 142.50 13.50 3.41 1.25 21.26 ————————————————————————— AZC-057 253852 2724205 219 -45 169.50 175.50 6.00 0.63 0.18 3.01 ————————————————————————— AZC-059 253848 2724321 221 -53 301.50 309.00 7.50 0.57 0.21 8.48 ————————————————————————— AZC-060 253799 2724260 221 -61 190.5 195 4.5 1.13 0.33 12.87 ————————————————————————— AZC-060 253799 2724260 221 -61 223.5 253.5 30.0 0.63 0.21 4.24 ————————————————————————— AZC-061 253915 2724198 210 -70 39 42 3.0 0.92 0.26 17.60 ————————————————————————— AZC-061 253915 2724198 210 -70 204 210 6.0 1.04 0.72 7.40 ————————————————————————— AZC-061 253915 2724198 210 -70 252 313.5 61.5 1.89 1.03 26.58 ————————————————————————— AZC-062 253892 2724208 210 -67 189 195 6.0 0.95 0.79 6.13 ————————————————————————— AZC-062 253892 2724208 210 -67 231 315 84.0 2.19 0.67 16.09 ————————————————————————— AZC-063 253905 2724271 220 -46 225 243 18.0 0.97 0.51 7.74 ————————————————————————— AZC-063 253905 2724271 220 -46 249 252 3.0 0.56 0.22 2.60 ————————————————————————— AZC-063 253905 2724271 220 -46 265.5 271.5 6.0 0.94 0.35 4.30 ————————————————————————— AZC-063 253905 2724271 220 -46 277.5 285 7.5 0.88 0.28 5.92 ————————————————————————— AZC-063 253905 2724271 220 -46 291 295.5 4.5 0.64 0.11 4.80 ————————————————————————— AZC-064 253905 2724272 220 -50 249 252 3.0 0.87 0.16 4.90 ————————————————————————— AZC-064 253905 2724272 220 -50 256.5 259.5 3.0 0.56 0.22 2.40 ————————————————————————— AZR-034 254191 2724081 214 -55 99.1 106.7 7.62 0.72 0.64 15.70 ————————————————————————— AZR-034 254191 2724081 214 -55 192.0 210.3 18.3 0.78 1.12 9.85 ————————————————————————— AZR-034 254191 2724081 214 -55 242.3 245.4 3.0 0.75 1.97 10.10 ————————————————————————— AZR-035 254215 2724072 207 -58 210.3 221.0 10.7 0.91 0.77 20.54 ————————————————————————— AZR-035 254215 2724072 207 -58 227.1 230.1 3.0 0.55 0.43 6.80 ————————————————————————— AZR-036 254166 2724085 210 -65 89.9 100.6 10.7 1.03 0.77 28.26 ————————————————————————— AZR-037 254201 2724144 210 -50 22.9 25.9 3.0 0.63 0.39 5.98 ————————————————————————— AZR-037 254201 2724144 210 -50 147.8 150.9 3.0 0.56 0.49 63.45 ————————————————————————— AZR-037 254201 2724144 210 -50 236.2 239.3 3.0 1.33 1.48 19.86 ————————————————————————— AZR-037 254201 2724144 210 -50 256.0 263.7 7.6 0.99 1.58 13.27 ————————————————————————— AZR-038 254169 2724140 210 -47 129.5 132.6 3.0 0.68 0.88 21.42 ————————————————————————— AZR-038 254169 2724140 210 -47 201.2 204.2 3.0 0.86 1.30 12.00 ————————————————————————— AZR-038 254169 2724140 210 -47 217.9 230.1 12.2 1.07 1.16 12.68 ————————————————————————— AZR-039 254302 2723971 211 -44 13.7 16.8 3.0 2.41 0.03 1.78 ————————————————————————— AZR-039 254302 2723971 211 -44 61.0 64.0 3.0 1.35 3.62 13.82 ————————————————————————— (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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Cautionary Statement:
This news release contains forward-looking statements that are not historical facts. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include those risks set out in
To view Map 1 and Map 2 accompanying this press release, please click on the following link: http://media3.marketwire.com/docs/ora1216.pdf
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Contacts:
Patrick Downey President & Chief Executive Officer (604) 669-4777 (604) 696-0212 (FAX) info@auraminerals.comwww.auraminerals.com