Business
AuRico Gold Reports New Drill Results Including 5.1 metres grading 11.80 Grams Per Tonne Gold Equivalent(1) at the La Balleza Vein, Venus Project
TORONTO, Aug. 2, 2011 /CNW/ - AuRico Gold Inc. (TSX:AUQ) (NYSE: AUQ), ("AuRico") is pleased...
About this update from Alamos Gold Inc.
[{"type":"text","content":"\n\n\n\n\n\nTORONTO, Aug. 2, 2011 /CNW/ - AuRico Gold Inc. (TSX:AUQ) (NYSE: AUQ), (\"AuRico\") is pleased to provide an update of drill results at its Venus Project\n located three kilometres north of the Company's flagship Ocampo mine.\n Continued drilling on the La Balleza Vein system has shown that the\n vein has multiple parallel mineralized splits with high grade drill\n intercepts. 700 metres of mineralized strike length has been delineated\n and the discovery is open to expansion laterally and at depth with wide\n zones of low-grade mineralization. To date the Company has completed\n 18 drill holes with nine holes reporting intercepts in excess of the\n underground cut-off grades at the nearby Ocampo mine. Some of the\n drill holes have multiple parallel mineralized veins that further\n enhance the potential of this project.\n\n\nSome of the best new drill intercepts include:\n\n\nHole\n\n\nFrom (m)\n\n\nTo (m)\n\n\nLength (m)\n\n\nGold g/t\n\n\nSilver g/t\n\n\nGold Eq. g/t(1)\n\n\nVEN-015\n\n\n174.9\n\n\n175.8\n\n\n 0.9\n\n\n9.91\n\n\n140\n\n\n12.46\n\n\nVEN-018\n\n\n228.3\n\n\n229.1\n\n\n 0.8\n\n\n4.66\n\n\n474\n\n\n13.28\n\n\nVEN-023\n\n\n102.5\n\n\n104.6\n\n\n 2.1\n\n\n10.78\n\n\n159\n\n\n13.66\n\n\nVEN-028\n\n\n305.4\n\n\n310.5\n\n\n 5.1\n\n\n10.83\n\n\n53\n\n\n11.80\n\n\n\"The drilling program at La Balleza continues to report positive results\n with numerous high-grade gold-silver intercepts that further\n demonstrate the potential of this vein system. In addition, hole\n VEN-028 discovered the first wide zone of sheeted-style mineralization,\n with 15.0 metres grading 0.97 grams per tonne gold-equivalent(1)\", stated Peter Drobeck, Senior Vice President of Exploration and\n Business Development. \"We are particularly encouraged with the overall\n results from our 2011 drilling program that we have reported from\n Ocampo, Venus and Los Jarros as, collectively, the close proximity of\n these land packages strategically positions the Company for growth in\n this exciting new mining district.\"\n\n\nThe Venus project includes 4,575 hectares of strategic mineral rights\n north of the Company's Ocampo mine and west of Agnico-Eagle's Pinos\n Altos Mine. The Company presently has three drill rigs working at the\n Venus Project, with two drilling rigs working at La Balleza and one on\n the large Santo Nino Vein system. To ...