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VANCOUVER, BRITISH COLUMBIA — (MARKET WIRE) — 02/15/10 —
The most recent drilling was designed to target zones along strike from the Arroyos Azules Zone which is the first area scheduled for mining as part of the planned re-start of operations later this year. The drilling continues to show the high-grade potential of the
Highlights are as follows (see Table 1 and Map 1 below):
– Hole AZC-069 which returned 15.0 metres of 2.97% Cu, 0.81 g/t Au and 40.2 g/t Ag;
– Hole AZC-070 which returned 16.5 metres of 2.36% Cu, 2.36 g/t Au and 21.5 g/t Ag;
– Hole AZC-071 which returned 22.5 metres of 1.79% Cu, 1.95 g/t Au and 18.0 g/t Ag;
– Hole AZC-075 which returned 16.5 metres of 1.25% Cu, 1.57 g/t Au and 14.8 g/t Ag;
– Hole AZC-076 which returned 27.0 metres of 1.70% Cu, 1.90 g/t Au and 17.3 g/t Ag;
– Hole AZC-078 which returned 6.00 metres of 1.91% Cu, 0.76 g/t Au and 20.1 g/t Ag;
– Hole AZR-041 which returned 24.4 metres of 2.10% Cu, 1.50 g/t Au and 23.6 g/t Ag;
– Hole AZR-042 which returned 29.0 metres of 0.95% Cu, 1.46 g/t Au and 11.6 g/t Ag;
– Hole AZR-045 which returned 4.60 metres of 5.88% Cu, 3.03 g/t Au and 66.8 g/t Ag;
– Hole AZR-046 which returned 21.3 metres of 1.38% Cu, 1.12 g/t Au and 24.0 g/t Ag; and
– Hole AZR-051 which returned 22.9 metres of 2.01% Cu, 2.71 g/t Au and 25.1 g/t Ag.
It is of interest to note the continued intercepts of higher than average grade gold in drilling progressively along strike to the east of the Arroyos Azules Zone. These better than average values for gold will add to overall project economics as only 51% of the drill holes as part of the recent National Instrument 43-101 report were assayed for gold. The weighted average for gold of all of these recent results is 1.16 g/t Au versus the Measured and Indicated resource average of 0.40 g/t Au at the same 0.5% Cu cut-off (see News Release #2009-15, dated November 2, 2009). Also of importance is the continuity of the overall mineralized system being confirmed along strike and extended down-dip. In that regard, the Company has now mobilized a rig capable of drilling the planned deep drill holes and drilling will commence later this month. This drilling will test the down-dip potential of the ore body and the strike extent beyond the current resource boundaries as part of an overall plan to investigate the potential to develop a much larger operation at the
Commenting on the above, Mr.
Patrick Downey, President and CEO of
Table 1 – Aranzazu Assays (see Map 1 below) ————————————————————————— Azi- Inter- muth Dip From To val Cu Au Ag (deg- (deg- (met- (met- (1) (2)(4) (3) (3) Hole # East North rees) rees) res) res) (metres) (%) (g/t) (g/t) ————————————————————————— AZC-065 254104 2724034 209 -50 69.0 77.3 8.3 0.86 1.50 11.7 ————————————————————————— AZC-066 254192 2724079 218 -69 128.0 137.0 9.0 0.91 1.02 25.5 ————————————————————————— AZC-069 253832 2724335 221 -53 301.5 307.5 6.0 0.53 0.06 2.6 ————————————————————————— AZC-069 253832 2724335 221 -53 315.0 322.5 7.5 0.77 0.17 9.3 ————————————————————————— AZC-069 253832 2724335 221 -53 379.5 394.5 15.0 2.97 0.81 40.2 ————————————————————————— AZC-070 253985 2724121 209 -47 133.5 150.0 16.5 2.36 2.36 21.5 ————————————————————————— AZC-071 253986 2724122 208 -55 67.5 72.0 4.5 0.51 0.44 5.0 ————————————————————————— AZC-071 253986 2724122 208 -55 129.0 132.0 3.0 1.74 0.58 24.7 ————————————————————————— AZC-071 253986 2724122 208 -55 147.0 169.5 22.5 1.79 1.95 18.0 ————————————————————————— AZC-071 253986 2724122 208 -55 177.0 196.5 19.5 0.65 0.73 9.8 ————————————————————————— AZC-075 254097 2724113 211 -66 238.5 255.0 16.5 1.25 1.57 14.8 ————————————————————————— AZC-076 254142 2724093 209 -53 43.5 46.5 3.0 1.08 0.28 13.6 ————————————————————————— AZC-076 254142 2724093 209 -53 91.5 94.5 3.0 0.81 0.58 25.6 ————————————————————————— AZC-076 254142 2724093 209 -53 156.0 160.5 4.5 0.72 0.67 22.6 ————————————————————————— AZC-076 254142 2724093 209 -53 184.5 211.5 27.0 1.70 1.90 17.3 ————————————————————————— AZC-077 253785 2724323 222 -57 249.0 256.5 7.5 0.74 0.30 15.4 ————————————————————————— AZC-077 253785 2724323 222 -57 295.5 301.5 6.0 1.03 0.24 10.1 ————————————————————————— AZC-077 253785 2724323 222 -57 322.5 327.0 4.5 0.53 0.10 5.9 ————————————————————————— AZC-077 253785 2724323 222 -57 340.5 352.5 12.0 0.91 0.29 9.8 ————————————————————————— AZC-078 254209 2724059 218 -56 91.5 94.5 3.0 0.97 1.30 9.5 ————————————————————————— AZC-078 254209 2724059 218 -56 193.5 199.5 6.0 1.91 0.76 20.1 ————————————————————————— AZC-078 254209 2724059 218 -56 207.0 216.0 9.0 0.90 0.72 10.3 ————————————————————————— AZC-078 254209 2724059 218 -56 225.0 232.5 7.5 0.54 0.38 6.5 ————————————————————————— AZR-041 254234 2724154 207 -47 175.3 182.9 7.6 1.44 0.62 31.4 ————————————————————————— AZR-041 254234 2724154 207 -47 274.3 281.9 7.6 1.19 2.44 23.4 ————————————————————————— AZR-041 254234 2724154 207 -47 291.1 315.5 24.4 2.10 1.50 23.6 ————————————————————————— AZR-042 254095 2724110 209 -61 42.7 45.7 3.0 0.56 0.23 46.7 ————————————————————————— AZR-042 254095 2724110 209 -61 178.3 207.3 29.0 0.95 1.46 11.6 ————————————————————————— AZR-045 254351 2724003 212 -45 100.6 106.7 6.1 0.81 0.71 20.1 ————————————————————————— AZR-045 254351 2724003 212 -45 221.0 225.6 4.6 5.88 3.03 66.8 ————————————————————————— AZR-046 254328 2724014 207 -50 102.1 106.7 4.6 1.52 0.75 18.3 ————————————————————————— AZR-046 254328 2724014 207 -50 126.5 134.1 7.6 0.96 1.54 14.1 ————————————————————————— AZR-046 254328 2724014 207 -50 196.6 210.3 13.7 0.65 0.48 11.9 ————————————————————————— AZR-046 254328 2724014 207 -50 225.6 246.9 21.3 1.38 1.12 24.0 ————————————————————————— AZR-049 254069 2724118 213 -44 50.3 61.0 10.7 0.50 0.20 2.0 ————————————————————————— AZR-049 254069 2724118 213 -44 76.2 89.9 13.7 0.81 0.14 3.2 ————————————————————————— AZR-050 254454 2724033 210 -43 176.8 196.6 19.8 0.80 1.19 13.8 ————————————————————————— AZR-050 254454 2724033 210 -43 281.9 285.0 3.1 1.54 1.00 19.2 ————————————————————————— AZR-051 254469 2724060 212 -50 216.4 231.7 15.2 0.56 0.57 10.0 ————————————————————————— AZR-051 254469 2724060 212 -50 240.8 243.8 3.1 0.69 0.53 12.9 ————————————————————————— AZR-051 254469 2724060 212 -50 254.5 263.7 9.1 0.56 0.52 6.9 ————————————————————————— AZR-051 254469 2724060 212 -50 346.0 368.8 22.9 2.01 2.71 25.1 ————————————————————————— (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
About
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
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Contacts:
Patrick Downey President & Chief Executive Officer (604) 669-4777 (604) 696-0212 (FAX) info@auraminerals.com
www.auraminerals.com