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VANCOUVER, BRITISH COLUMBIA — (MARKET WIRE) — 04/05/10 —
The most recent
Highlights of the recent
– Hole AZC-079 which returned 9.0 metres of 1.42% Cu, 2.63 g/t Au and 18.1 g/t Ag;
– Hole AZC-080 which returned 13.5 metres of 1.03% Cu, 1.59 g/t Au and 12.4 g/t Ag;
– Hole AZC-081 which returned 52.5 metres of 1.27% Cu, 0.78 g/t Au and 15.4 g/t Ag;
– Hole AZC-085 which returned 40.5 metres of 1.38% Cu, 1.69 g/t Au and 13.8 g/t Ag;
– Hole AZC-085 which returned 19.5 metres of 1.13% Cu, 1.16 g/t Au and 11.8 g/t Ag;
– Hole AZC-088 which returned 16.5 metres of 2.16% Cu, 1.96 g/t Au and 26.1 g/t Ag;
– Hole AZR-052 which returned 24.4 metres of 1.17% Cu, 0.19 g/t Au and 12.3 g/t Ag;
– Hole AZR-054 which returned 27.4 metres of 1.64% Cu, 1.37 g/t Au and 22.2 g/t Ag;
– Hole AZR-055 which returned 29.0 metres of 1.35% Cu, 1.60 g/t Au and 23.6 g/t Ag and a further 36.6 metres of 2.81% Cu, 3.66 g/t Au and 26.1g/t Ag;
– Hole AZR-058 which returned 9.1 metres of 1.33% Cu, 1.77 g/t Au and 9.8 g/t Ag;
– Hole AZR-059 which returned 10.7 metres of 1.37% Cu, 1.28 g/t Au and 15.1 g/t Ag;
– Hole AZR-062 which returned 18.3 metres of 1.61% Cu, 1.69 g/t Au and 20.1 g/t Ag;
– Hole AZR-063 which returned 18.3 metres of 1.80% Cu, 2.54 g/t Au and 26.5 g/t Ag; and
– Hole AZR-066 which returned 12.2 metres of 3.51% Cu, 3.55 g/t Au and 49.8 g/t Ag.
The drilling continues to intercept higher than average gold grades as we move progressively along strike to the east of the Arroyos Azules zone (see News Releases No. 2009-19 dated December 16, 2009 and No. 2010-03 dated February 15, 2010). This drilling has also intercepted a near surface high-grade zone with true widths of approximately 25 metres. This zone was discovered as a follow-up to ongoing surface mapping and sampling and appears to be continuous for a strike of over 200 metres. Follow-up drilling is now planned to delineate the full extent of this near surface zone as part of a plan to develop an open pit operation in conjunction with ongoing underground development.
As the Company continues to review historical data, drill results not yet included within the Company’s database have become available. Certain of these results could have a significant impact on the overall resource. The Company is currently completing additional drilling to confirm this new data.
The newly available historical drill results are as follows:
– Hole BDD-35 which returned 45.8 metres of 5.17% Cu;
– Hole BDD-41 which returned 18.6 metres of 4.75% Cu and a further 33.9 metres of 3.65% Cu;
– Hole BDD-48 which returned 6.7 metres of 1.93% Cu;
– Hole BDD-49 which returned 71.6 metres of 1.29% Cu;
– Hole BDD-53 which returned 31.3 metres of 1.25% Cu; and
– Hole BDD-76 which returned 67.9 metres of 2.25% Cu.
Several of these holes are nearby zones currently within the mine plan for restart of operations later this year. In particular Hole BDD-35 which returned 45.8 metres of 5.17% copper expands the zone by over 20 metres in true width and down dip. The Company is currently drilling nearby holes to BDD-35 and outside the known ore zone and if results are consistent with these historical drill results it is expected that this will have a positive effect on the tonnes available for near term mining. It should also be noted that none of the above historic holes had gold or silver assays.
Commenting on the above, Mr.
Patrick Downey, President and CEO of
Table 1 – Aranzazu Assays (see Map 1: click here to view map) ————————————————————————– Azi- Inter- muth Dip From To val(1) Cu(2) (deg- (deg- (met- (met- (met- (4) Au(3) Ag(3) Hole # East North rees) rees) res) res) res) (%) (g/t) (g/t) ————————————————————————– AZC-079 254119 2724103 210 -52 69.0 78.0 9.0 1.14 0.36 11.7 ————————————————————————– AZC-079 254119 2724103 210 -52 159.0 168.0 9.0 1.42 2.63 18.1 ————————————————————————– AZC-079 254119 2724103 210 -52 176.2 186.0 9.8 1.41 1.00 18.5 ————————————————————————– AZC-080 253782 2724026 188 -46 13.5 27.0 13.5 1.03 1.59 12.4 ————————————————————————– AZC-081 253812 2724040 149 -47 12.0 64.5 52.5 1.27 0.78 15.4 ————————————————————————– AZC-084 253877 2723908 300 -48 196.5 204.0 7.5 0.99 0.22 5.8 ————————————————————————– AZC-085 253878 2723909 340 -48 169.5 210.0 40.5 1.38 1.69 13.8 ————————————————————————– AZC-085 253878 2723909 340 -48 216.0 235.5 19.5 1.13 1.16 11.8 ————————————————————————– AZC-087 254218 2724077 210 -59 106.5 109.5 3.0 1.94 0.59 36.3 ————————————————————————– AZC-088 254456 2724038 210 -51 339.0 355.5 16.5 2.16 1.96 26.1 ————————————————————————– AZR-052 253648 2724104 220 -44 6.1 30.5 24.4 1.17 0.19 12.3 ————————————————————————– AZR-053 253639 2724092 222 -39 3.1 36.6 33.5 0.91 0.21 9.8 ————————————————————————– AZR-054 254426 2724033 211 -47 170.7 176.8 6.1 0.93 0.96 16.0 ————————————————————————– AZR-054 254426 2724033 211 -47 184.4 187.5 3.1 0.54 0.31 9.0 ————————————————————————– AZR-054 254426 2724033 211 -47 195.1 207.3 12.2 0.58 0.92 9.9 ————————————————————————– AZR-054 254426 2724033 211 -47 288.0 315.5 27.4 1.64 1.37 22.2 ————————————————————————– AZR-055 254474 2724017 207 -48 172.2 201.2 29.0 1.35 1.60 23.6 ————————————————————————– AZR-055 254474 2724017 207 -48 320.0 356.6 36.6 2.81 3.66 26.1 ————————————————————————– AZR-057 254298 2724013 211 -49 39.6 42.7 3.1 0.91 0.56 18.3 ————————————————————————– AZR-057 254298 2724013 211 -49 102.1 105.2 3.1 0.66 5.20 10.9 ————————————————————————– AZR-057 254298 2724013 211 -49 170.7 176.8 6.1 0.61 0.69 11.3 ————————————————————————– AZR-058 254227 2723989 208 -51 25.9 35.1 9.1 1.33 1.77 9.8 ————————————————————————– AZR-059 254235 2724056 212 -54 99.1 106.7 7.6 0.71 1.36 10.3 ————————————————————————– AZR-059 254235 2724056 212 -54 176.8 179.8 3.1 1.15 1.17 21.2 ————————————————————————– AZR-059 254235 2724056 212 -54 193.6 204.2 10.7 1.37 1.28 15.1 ————————————————————————– AZR-060 253979 2724119 180 -40 47.2 50.3 3.1 1.82 0.06 2.6 ————————————————————————– AZR-061 254358 2723974 209 -49 111.3 114.3 3.1 0.53 0.25 7.3 ————————————————————————– AZR-061 254358 2723974 209 -49 178.3 189.0 10.7 0.74 0.43 8.7 ————————————————————————– AZR-062 254370 2723843 32 -43 59.4 77.7 18.3 1.61 1.69 20.1 ————————————————————————– AZR-063 254457 2723887 207 -71 36.6 54.9 18.3 1.80 2.54 26.5 ————————————————————————– AZR-066 254429 2723841 26 -45 30.5 33.5 3.1 0.55 0.26 2.9 ————————————————————————– AZR-066 254429 2723841 26 -45 36.6 41.2 4.6 0.50 1.76 8.1 ————————————————————————– AZR-066 254429 2723841 26 -45 45.7 57.9 12.2 3.51 3.55 49.8 ————————————————————————– (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