AuRico Gold announces continued exploration success at Young-Davidson
Wednesday, Nov 07, 2012
TORONTO, Nov. 6, 2012 /PRNewswire/ - AuRico Gold Inc. (TSX:AUQ) (NYSE:AUQ), ("AuRico" or "the Company") today provided an update on its 2012 exploration program at the Young-Davidson mine, located in Ontario, Canada. Drill results continue to demonstrate potential immediately to the west of the mine.
Chris Rockingham, AuRico's Vice President of Exploration commented "Results are in line with expectations and we are pleased that the drill program continues to demonstrate that mineralization extends well beyond the existing reserve. Additional work will be conducted to further test the continuity of the YD West Zone to the west and at depth. Preliminary information from the West Shirriff area provides encouragement for mineralization beyond YD West, approximately 1 kilometre from the mine."
The objective of the 2012 exploration program is to focus on continuing to better define the YD West Zone and to conduct follow-up drilling on additional targets.
Eleven (11) holes have been drilled elsewhere on the property, with the most encouraging results coming from two holes in the West Shirriff area (YD12-257A and YD12-262). Both holes intersected low grade gold mineralization hosted in syenite with similar mineralization and alteration to the Main Zone and YD West Zone. The significance of this is that most of the current open pit and underground resources are related to syenite-hosted gold and almost all of the historical production at the Young-Davidson mine and 60% of the production from the MCM Mine was from syenite-hosted gold mineralization
Hole 257A intersected an upper zone of 0.42 g/t Au over 25.2 metres and a lower zone of 0.42 g/t Au over 14.2 metres while YD12-262 further west intersected 6.0 metres grading 0.39 g/t Au and a lower zone of 8.4 metres grading 0.30 g/t as shown in Figure 2. Although not ore grade, these intersections are considered important. The Company believes that the targets were not drilled to the appropriate depth and that there may be an excellent exploration target similar to the YD West Zone at depth below the 9500L.
About AuRico Gold
AuRico Gold is a leading Canadian gold producer with a diversified portfolio of high quality mines and projects in North America that have significant production growth and exploration potential. Following the divestiture of Ocampo, the Company will be focused on its core operations including the Young-Davidson gold mine in northern Ontario which declared commercial production on September 1 st, 2012 and the El Chanate mine in Sonora State. AuRico's strong project pipeline also includes advanced development opportunities in Mexico and British Columbia. AuRico's head office is located in Toronto, Ontario, Canada.
Source: AuRico Gold Inc.