Printer Friendly
The Free Library
19,604,530 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Aurizon Accelerates Development at Casa Berardi-Commences Construction of Shaft Collar.


VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography
 -- Aurizon Mines Ltd (AMEX AMEX

See: American Stock Exchange
:AZK AZK Artikel Zur Krankenpflege (German: articles on health care; Willich, Germany) ) (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
:ARZ ARZ Allgemeines Rechenzentrum GmbH (Innsbruck, Austria)
ARZ Auto-Restricted Zone
ARZ Aquatic Ruin Zone (Sonic 2 level) 
) is pleased to announce that the C$9 million flow through financing completed in June 2004 has allowed the Company to accelerate the development of Casa Berardi in the second half of 2004.

Construction of the shaft collar The shaft collar is a simple, yet important, machine component found in many power transmission applications - most notably motors and gearboxes. They are used as mechanical stops, locating components, and bearing faces. The simple design lends itself to easy installation.  at the West Mine area of the Casa Berardi Project has been awarded to the Talpa-Thyssen Joint Venture. A freezing plant is currently freezing the soil and overburden down to bedrock. Engineering studies have indicated that freezing the surrounding ground down to bedrock, rather than a conventional cemented slurry wall A slurry wall is a type of wall used to build tunnels, to open cuts, and to lay foundations in areas of soft earth close to open water or with a high ground water table.

A set of guide walls, typically 1 metre (3.3 ft) deep and 0.5 metre (1.
 approach, should significantly reduce the time and cost to build the 31 metre deep collar. Collar construction should be completed in the fourth quarter, 2004.

Shaft preparation

The underground shaft work is progressing well. The pilot raises, located in the centre of the future shaft, are currently being driven from the 280 metre level and the 550 metre level. A total of 200 metres of raising have been completed.

Underground development

The ramp to Zone 113 will be deepened so that the first level of production and multiple working headings can be reached earlier than scheduled. A ventilation raise network, connecting the 550 metre ramp to the 280 metre track ventilation, will start this month to facilitate the ramping process.

Underground definition drill program

The underground definition and infill drilling exploration program continues on Zone 113. Currently, three underground rigs are active on the 550 metre level, extending the infill drilling into the lower portion of the Zone.

Updated feasibility study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented.  

In March 2004, Aurizon announced that an Updated Feasibility Study had been awarded to Met-Chem Canada Inc. The Feasibility Study is due to be completed in the fourth quarter of 2004.

Metallurgical testwork has been completed. Updated geological models, detailed engineering of the underground and surface infrastructure, detailed mine planning and operating cost studies are in progress.

Additional Information

Photographs of the shaft collar are included in this news release. If you are unable to view this information, please download this news release from Aurizon's website at http://www.aurizon.com or contact the Company at the numbers listed below. All other information previously released on the Casa Berardi project is also available on the Aurizon website.

Aurizon is a Canadian-based gold producer with operations and exploration activities in the Abitibi region of north-western Quebec, one of the world's most prolific gold and base metal regions. Aurizon owns one hundred percent (100%) of the Casa Berardi property, which is accessible by road, has all necessary mining permits in place and is on the Hydro Quebec power grid. Aurizon also owns 50% of the Sleeping Giant Mine. Aurizon shares trade on the Toronto Stock Exchange Toronto Stock Exchange (TSE)

Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options.
 under the symbol "ARZ" and on the American Stock Exchange American Stock Exchange (AMEX)

Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921.
 under the symbol "AZK".

This News Release contains "forward-looking statements", including, but not limited to, statements regarding the Company's expectations as to the market price of gold, strategic plans, future commercial production, production targets and timetables, mine operating costs, capital expenditures, work programs, exploration budgets and mineral reserve and resource estimates. Forward-looking statements express, as at the date of this report, the Company's plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements. Factors that could cause results or events to differ materially from current expectations expressed or implied by the forward-looking statements, include, but are not limited to, factors associated with fluctuations in the market price of precious metals Precious Metals

Valuable metals such as gold, iridium, palladium, platinum, and silver.

Notes:
Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal.
, mining industry risks and hazards, environmental risks and hazards, uncertainty as to calculation of mineral reserves and resources, requirement of additional financing, risks of delays in construction and other risks more fully described in Aurizon's Annual Report on Form 20-F filed as an alternative form of AIF AIF Annual Information Form
AIF Apoptosis-Inducing Factor
AIF Agence Intergouvernementale de la Francophonie (French: Intergovernmental Agency for Francophony)
AIF Australian Imperial Force
 with the Securities Commissions of the provinces of British Columbia, Ontario and Quebec, with the United States Securities and Exchange Commission, and with the Toronto Stock Exchange.

U.S. Registration: (File #0-22672) Form 20-F

Aurizon Mines Ltd. (TSX:ARZ) (AMEX:AZK)
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1CANA
Date:Sep 15, 2004
Words:702
Previous Article:Chattem to Present at Banc of America Securities 34th Annual Investment Conference.
Next Article:Research and Markets: DVD Market: Players, Recorders, Media, and Future.
Topics:



Related Articles
Exploration by junior firms reduced despite interest generated by mapping.
Cementation Skanska gets shaft. (The Way It Is).
Stop rusty collar.
Aurizon Commences Work on the Shaft at Casa Berardi.
Aurizon Provides Update on Canada's Next Gold Mine.
Results prompt Lake Shore to spend $7M on drilling.
Shaft locking options.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles