Production – Development – Exploration

The best place to find gold…. Is in a gold mine

Aurizon Mines Profile

Aurizon Mines Ltd.Vancouver, British Columbia, TSX : ARZ; NYSE-A : AZK, is a Canadian based gold producer, exploration and development company.Its existing projects in the Abitibi region of north-western Quebec are in one of the world's most favourable mining jurisdictions and prolific gold and base metal regions.

Exploration is currently being conducted at Casa Berardi, as well as at Aurizon's other gold project, Joanna, and its' gold/uranium project, Kipawa.

The third quarter 2008 was highlighted by the following activities:

  • Cash flow from operating activities of $14.2 million.
  • Net earnings of $7.1 million, or $0.05 per share, and adjusted net earnings of $3.7 million, or $0.02 per share.
  • Gold production of 41,522 ounces.
  • Lower mining costs of $101 per tonne.
  • Debt reduced by $13 million.
  • New gold zone discovery 7.5 kilometres east of Casa Berardi.

Aurizon Strategy

The best place to find gold…. Is in a gold mine…

Focused on becoming an intermediate gold producer by exploring and developing large land positions on favourable geological trends, close to infrastructure, in politically stable, pro-mining jurisdictions.

Aurizon's Assets

In addition to Casa Berardi, Aurizon owns the Joanna Gold Project and the Kipawa Exploration Property. Aurizon's combined property holdings cover in excess of 300 square miles of prospective geology in the Abitibi area of Quebec.

Casa Berardi Project

Casa Berardi - Gold - Commenced commercial gold production in second quarter 2007. Expected to produce approximately 155,000 - 160,000 gold ounces per year

Casa Berardi produced 41,522 ounces of gold in the third quarter of 2008 and 40,228 ounces were sold at an average price US$845 per ounce.

Since commissioning the mill in November 2006, Casa Berardi has produced 297,667 ounces of gold, primarily from Zone 113. Development is currently under way within the Lower Inter Zone in order to provide supplemental mill feed for 2009.


At Casa Berardi, a three year underground exploration program, initiated in 2007, will continue as follows:

  • Drilling has commenced from the rehabilitated track drift on the 280 metre level in the area of the Principal Zones and between the two mines where limited surface exploration has been performed to date. Open pit and underground mining opportunities in the aea of the Prinicpal Zones are currently being evaluated.
  • At the East Mine, a rehabilitation of the underground workings is complete and definition drilling is in progress with the objective of upgrading the mineral resources and evaluating mining oppourtunities.
  • An exploration drift is being developed at the 810 metre level, east of Zone 113 and south of the Casa Berardi fault, to provide drill access to test the depth extension of Zone 113 and to test the continuity and extension of Zones 118 to 122 and 123-South. Drilling has commenced to test the depth extension of Zone 113.

Joanna - Gold - Advanced exploration

In September 2008, Aurizon entered into a letter agreement with Alexandria Minerals Corporation ("Alexandria") whereby Alexandria has granted the Company an option to earn an undivided 100% interest in nineteen (19) mineral claims, subject to an existing 2% net smelter return and a 2% gross overriding receipts royalty on any diamonds extracted from the claims. One half of the net smelter return royalty (i.e. 1%), may be purchased at any time for total cash payments of

$2,000,000. The Alexandria Claims are located adjacent to the Company's Joanna Project, located along the Cadillac Break, in the Joannes Township, two kilometres northeast of the Rouyn-Noranda airport and 20 kilometres east of Rouyn-Noranda.

Kipawa Gold - Uranium Property, Quebec

The Kipawa gold-uranium project is an early stage exploration project located approximately 100 kilometres south of Rouyn-Noranda, halfway between the Elliot Lake uranium camp and the Abitibi gold belt camp.


Exploration fieldwork continued during the third quarter, 2008 at Kipawa with the commencement of an initial drill program to test previously defined gold and rare earth targets in the southern portion of the property. Assays for gold, uranium, and rare earth elements are pending. Results of the program are expected late in the fourth quarter.

The Aurizon Advantage

Excellent Location:

  • Politically stable, pro-mining
  • Good geology and infrastructure

Attractive Gold Production Profile:

  • 150,000 - 155,000 ounces/year from Casa Berardi
  • Potential incremental production from Joanna

Significant Exploration Potential:

  • Large prospective land positions
  • Untested depth potential

Proven Management:

  • Exploration success at Casa, Joanna & Kipawa
  • Built Casa Berardi on time and on budget!
Last changed at 05-Jun-2012 11:27PM by renaissance