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Tuesday, July 6, 2010

Aurizon Mines (AMEX:AZK) Increases Gold Resource Estimate at Hosco Deposit

Aurizon Mines (AMEX:AZK) (TSE:ARZ) has increased its gold resource projection at its Hosco deposit, based on infill drill programs in the fall of 2009 and winter of 2010.

An estimated increase of 35 percent over the Pre-Feasibility Study of a cut-off grade of 0.5 grams of gold a ton, measured and indicated gold resources rose 446,000 ounces resulted from the drilling.

Vice president of operations, Martin Bergeron, said in a press release, “As the updated mineral resource estimate has substantially increased the Hosco mineral resources, this should have a positive impact on the feasibility study that is in progress.”

The total amount of ounces of gold at Hosco now stands at approximately 1.7 million ounces.

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