Getting better going forwardUp grades should be coming in now.
AuRico Gold Inc (C-AUQ) - News Release
AuRico Gold drills 80.8 m of 1.13 g/t Au at El Chanate
2011-06-29 08:38 ET - News Release
Shares issued 172,496,717
AUQ Close 2011-06-28 C$ 10.50
Mr. Rene Marion reports
AURICO GOLD REPORTS SIGNIFICANT DRILL RESULTS FROM THE EL CHANATE MINE
AuRico Gold Inc. has provided an update of drilling results from the El Chanate mine in Sonora, Mexico. Since April, 2010, 213 new drill holes for 28,499 metres of drilling (23 drill holes for 5,052 metres since April 8, 2011) have been completed with the objective of converting inferred resources to measured and indicated, extending the deposit at depth to the south and southeast and to explore for extensions to the west and east of the present open pit. Results to date have delineated thick zones of continuous mineralization throughout the deposit and defined anomalous mineralization both east and south of the existing open pit (refer to the tables for selected drilling results).
"We are very pleased that, since acquiring the El Chanate mine in April, the targeted drilling program has returned composite grades substantially higher than reserve grades. The deposit is proving to be open in both directions along strike, as well as to the south and southeast at depth. The company plans on utilizing a similar exploration approach at El Chanate that has proven to be so successful at Ocampo and plans to mobilize a core drill to the project in Q3 to test new and existing targets," stated Peter Drobeck, senior vice-president of exploration and business development.
2010 DRILLING RESULTS Hole ID From (m) To (m) Length (m) Gold g/t CHCI-348 6.1 48.8 42.7 1.14CHCI-376 68.6 108.2 39.6 1.79CHCI-380 3.1 61.0 57.9 0.95CHCI-386 0.0 21.3 21.3 2.31CHCI-392 0.0 57.9 57.9 0.72CHCI-392 65.5 68.6 3.0 1.43CHCI-392 80.8 83.8 3.0 1.38CHCI-392 96.0 112.8 16.8 0.27CHCI-392 138.7 158.5 19.8 0.81CHCI-393 1.5 22.9 21.3 0.29CHCI-393 38.1 83.8 45.7 0.80CHCI-393 96.0 132.6 36.6 0.37CHCI-404 0.0 12.2 12.2 0.36CHCI-404 57.9 68.6 10.7 1.46CHCI-404 83.8 135.6 51.8 1.65CHCI-417 1.5 47.2 45.7 0.59CHCI-417 102.1 138.7 36.6 1.49CHCI-422 73.2 153.9 80.8 0.79CHCI-422 170.7 184.4 13.7 1.69CHCI-423 0.0 91.4 91.4 0.80CHCI-453 6.1 9.1 3.0 2.97CHCI-453 19.8 30.5 10.7 0.32CHCI-453 44.2 111.3 67.1 1.13CHCI-470 123.4 211.8 88.4 0.77 2011 DRILLING RESULTS Hole ID From (m) To (m) Length (m) Gold g/t CHCI-482 65.5 146.3 80.8 1.13CHCI-498 86.9 134.1 47.2 1.00CHCI-536 134.1 160.0 25.9 2.26CHCI-539 176.8 217.9 41.2 1.30CHCI-543 129.5 140.2 10.7 7.22
This press release sets out the gold grades found in samples from reverse circulation drilling. The El Chanate exploration information has been reviewed and verified by qualified person Peter Drobeck, including review of portions of the drill logs, the original assays and calculations of the composite intercepts. Gold sample analyses for El Chanate were performed by the mine's on-site laboratory until the change in ownership to AuRico Gold in April, 2011, but with a rigorous quality assurance/quality control program that used commercial standards and also had 5 per cent of all samples checked through ALS Chemex Laboratories, based in Vancouver, B.C. Since the change in ownership (and after and including drill hole CHCI-534), all assays are performed by ALS Chemex Laboratories, with checks by the local mine lab. The company maintains a quality assurance/quality control program including the insertion of commercial control reference pulps and blanks in all its drill programs, along with a dedicated QA/QC engineer to monitor results. Sample lengths are not necessarily true widths.
SIGNIFICANT 2010 DRILL RESULTS Hole From (m) To (m) Length (m) Gold g/t CHCI-344 4.6 12.2 7.6 0.38CHCI-344 36.6 39.6 3.0 4.01CHCI-344 48.8 51.8 3.1 3.08CHCI-344 91.4 99.1 7.6 2.92CHCI-345 10.7 22.9 12.2 0.41CHCI-345 85.3 111.3 25.9 0.74CHCI-347 3.1 30.5 27.4 0.90CHCI-347 47.2 86.9 39.6 0.39CHCI-348 6.1 48.8 42.7 1.14CHCI-348 71.6 74.7 3.1 0.91CHCI-350 7.6 47.2 39.6 0.77CHCI-351 0.0 22.9 22.9 0.71CHCI-351 68.6 97.5 29.0 0.30CHCI-354 0.0 35.1 35.1 0.59CHCI-354 44.2 68.6 24.4 0.93CHCI-376 68.6 108.2 39.6 1.79CHCI-377 3.0 73.2 70.1 0.64CHCI-378 0.0 22.9 22.9 0.95CHCI-378 67.1 89.9 22.9 0.70CHCI-379 1.5 27.4 25.9 1.14CHCI-379 33.5 61.0 27.4 0.38CHCI-380 3.1 61.0 57.9 0.95CHCI-386 0.0 21.3 21.3 2.31CHCI-392 0.0 57.9 57.9 0.72CHCI-392 65.5 68.6 3.0 1.43CHCI-392 80.8 83.8 3.0 1.38CHCI-392 96.0 112.8 16.8 0.27CHCI-392 138.7 158.5 19.8 0.81CHCI-393 1.5 22.9 21.3 0.29CHCI-393 38.1 83.8 45.7 0.80CHCI-393 96.0 132.6 36.6 0.37CHCI-398 29.0 138.7 109.7 0.31CHCI-402 0.0 48.8 48.8 0.66CHCI-402 93.0 96.0 3.1 2.42CHCI-403 0.0 39.6 39.6 0.63CHCI-403 96.0 152.4 56.4 0.73CHCI-404 0.0 12.2 12.2 0.36CHCI-404 57.9 68.6 10.7 1.46CHCI-404 83.8 135.6 51.8 1.65CHCI-406 4.6 30.5 25.9 0.70CHCI-406 50.3 82.3 32.0 0.81CHCI-406 91.4 99.1 7.6 0.34CHCI-406 125.0 152.4 27.4 0.36CHCI-407 0.0 54.9 54.9 0.34CHCI-417 1.5 47.2 45.7 0.59CHCI-417 102.1 138.7 36.6 1.49CHCI-418 4.6 18.3 13.7 0.36CHCI-418 30.5 59.4 29.0 0.93CHCI-418 155.5 190.5 35.1 0.47CHCI-419 0.0 39.6 39.6 0.66CHCI-419 62.5 96.0 33.5 0.62CHCI-419 108.2 125.0 16.8 0.90CHCI-420 4.6 29.0 24.4 0.38CHCI-420 36.6 41.2 4.6 0.32CHCI-420 65.5 83.8 18.3 1.32CHCI-422 73.2 153.9 80.8 0.79CHCI-422 170.7 184.4 13.7 1.69CHCI-423 0.0 91.4 91.4 0.80CHCI-424 4.6 24.4 19.8 0.75CHCI-424 39.6 54.9 15.2 1.68CHCI-424 175.3 221.0 45.7 0.45CHCI-427 4.6 30.5 25.9 1.52CHCI-427 227.1 233.2 6.1 3.22CHCI-449 9.1 54.9 45.7 0.74CHCI-449 68.6 108.2 39.6 0.63CHCI-453 6.1 9.1 3.0 2.97CHCI-453 19.8 30.5 10.7 0.32CHCI-453 44.2 111.3 67.1 1.13CHCI-456 6.1 54.9 48.8 0.65CHCI-461 1.5 54.9 53.3 0.52CHCI-463 24.4 57.9 33.5 0.83CHCI-464 45.7 71.6 25.9 0.84CHCI-470 123.4 211.8 88.4 0.77CHCI-474 79.3 111.3 32.0 1.12CHCI-482 65.5 146.3 80.8 1.13CHCI-483 91.4 129.5 38.1 0.43CHCI-483 143.3 150.9 7.6 1.59CHCI-484 6.1 29.0 22.9 0.75CHCI-485 15.2 41.2 25.9 1.24CHCI-490 64.0 71.6 7.6 2.69CHCI-491 16.8 48.8 32.0 0.93CHCI-498 86.9 134.1 47.2 1.00CHCI-502 51.8 64.0 12.2 0.46CHCI-502 70.1 80.8 10.7 0.67CHCI-502 86.9 100.6 13.7 0.97CHCI-502 138.7 166.1 27.4 0.77CHCI-505 88.4 112.8 24.4 0.48CHCI-505 135.6 140.2 4.6 1.85CHCI-505 160.0 163.1 3.0 7.13CHCI-506 97.5 137.2 39.6 0.76CHCI-509 4.6 54.9 50.3 0.66CHCI-509 79.3 83.8 4.6 0.43CHCI-511 39.6 85.3 45.7 0.53CHCI-512 50.3 99.1 48.8 0.38CHCI-512 115.8 172.2 56.4 0.40CHCI-520 120.4 172.2 51.8 0.64CHCI-521 157.0 161.5 4.6 0.51CHCI-521 181.4 196.6 15.2 2.21CHCI-521 211.8 216.4 4.6 0.78CHCI-524 158.5 164.6 6.1 0.34CHCI-524 169.2 202.7 33.5 0.70CHCI-524 207.3 224.0 16.8 0.26CHCI-528 9.1 18.3 9.1 0.59CHCI-528 27.4 35.1 7.6 0.34CHCI-528 106.7 160.0 53.3 0.40CHCI-529 27.4 35.1 7.6 1.37CHCI-529 128.0 144.8 16.8 1.25CHCI-531 7.6 15.2 7.6 2.52CHCI-536 134.1 160.0 25.9 2.26CHCI-537 125.0 137.2 12.2 2.37CHCI-537 144.8 178.3 33.5 0.54CHCI-539 176.8 217.9 41.2 1.30CHCI-543 129.5 140.2 10.7 7.22CHCI-543 146.3 163.1 16.8 0.37CHCI-544 70.1 94.5 24.4 1.31CHCI-544 160.0 167.6 7.6 0.50CHCI-544 182.9 207.3 24.4 1.44CHCI-545 67.1 105.2 38.1 0.77
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