OTCPK:NOXOF - Post by User
Post by
taco06on Dec 08, 2010 7:19pm
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Post# 17821088
Aurizon's Bright Horizon
Aurizon's Bright Horizon | BRIAN CHRISTIE, National Bank Financial (12/07/2010)
"Aurizon reported results from two additional holes on the Marban Block property, which is located in the Malartic gold camp in the Abitibi region of Quebec. These holes are part of a planned C$5.9m program of 50,000 metres of drilling designed to better define and increase the near-surface gold resources at the Marban and Norlartic deposits. Aurizon can earn up to a 65% interest in the project from NioGold Mining (NOX, TSX-V, not rated) by incurring C$20m in expenditures over three years, completing an updated NI 43-101–compliant resource estimate and making a payment on 50% of the total resources defined in the updated estimate. . .To date, 36 holes and two extensions have been completed, and two holes are in progress for a total of 11,313 metres. Assays for 22 holes are currently pending. We view this morning’s news as positive, as these drill results from Marban continue to confirm the potential for both bulk tonnage mineralization and higher grade ore shoots at shallow depths." |