Mr. Chris Rockingham reports
AURICO GOLD PROVIDES AN UPDATE ON THE 2013 EL CHANATE EXPLORATION PROGRAM
AuRico Gold Inc. is providing an update on its exploration program at the El
Chanate mine located in Sonora, Mexico. The objective of the 2013
program is to further delineate mineralization within the existing open
pit and expand the known mineralization along the Chanate trend in
order to potentially convert this mineralization into mineral
resources.
El Chanate exploration program
Since May, two reverse circulation drills have completed 80 holes
(19,175 metres) to date within the current open pit and in the three
target areas located along trend of the open pit (Rono, Northwest
extension and Loma Prieta).
The drilling program within the current open pit has intersected a new
type of mineralization below the ultimate open-pit floor, which is
significantly higher in grade than the current reserve grade and is
hosted within a strongly silicified siltstone adjacent to a fault
structure. Drilling highlights are shown in the tables.
DRILLING HIGHLIGHTS
Hole ID From To Length Au
(m) (m) (m) (g/t)
CHCI-775 160.5 214.5 54.0 2.56
CHCI-776 126.0 174.0 48.0 2.90
CHCI-799 246.0 252.0 6.0 7.60
CHCI-836 246.0 270.0 24.0 2.70
Not true width.
Outside the open pit, the drilling program is focused on three targeted
areas along the Chanate fault:
- The Northwest extension area, located 50 metres northwest of the
ultimate open-pit design, where 24 of 26 holes intersected grades that are equal to, or exceed,
current cut-off grades;
- The Rono target area, located 600 metres northwest of the ultimate open-pit design, where 19 of 23 holes drilled in 2012 and 2013 intersected a broad
zone of gold mineralization with grades that are equal to, or exceed,
current cut-off grades;
- The Loma Prieta target area, located 1.2 kilometres southeast of the
ultimate open pit, where 11 of 18 holes have intersected a quartz vein structure with
grades that are equal to, or exceed, current cut-off grades.
DRILLING HIGHLIGHTS
Hole ID From To Length Au
(m) (m) (m) (g/t)
CHCI-769 186.0 223.5 37.5 0.94
CHCI-800 169.5 198.0 28.5 0.67
CHCI-760 174.0 192.0 18.0 0.88
CHCI-761 67.5 109.5 42.0 0.50
CHCI-766 130.5 181.5 51.0 0.33
CHCI-821 171.0 178.5 7.5 0.74
207.0 226.5 19.5 0.93
CHCI-815 60.0 79.5 19.5 0.78
CHCI-817 76.5 85.5 9.0 1.37
CHCI-818 79.5 88.5 9.0 0.58
CHCI-829 73.5 79.5 6.0 1.18
Not true width.El Chanate expanded land package
On June 28, AuRico completed an option/joint venture agreement with Highvista Gold
to explore approximately 11,600 hectares of claims located to the
northwest of the open pit that provides access to an additional 15 kilometres to 20
km of the El Chanate fault. The agreement grants AuRico the option to earn a 51-per-cent undivided
interest in the El Chanate extension by incurring an aggregate of $3-million in exploration expenditures over the next three years. The
company can earn a further 19-per-cent interest in the joint venture (bringing
its aggregate interest to 70 per cent) by financing the preparation of a
feasibility or prefeasibility study on the property.
"The 2013 exploration program continues to report encouraging results
from both the in-pit drilling program where intercepts reported grades
significantly higher than reserve grades, as well as from the target
areas that lie along the Chanate fault where the majority of holes were
higher than current cut-off grades," stated Chris Rockingham, vice-president of exploration. "The results to date provide additional
confidence in the potential for resource growth and mine life extension
at El Chanate."
Quality control -- analyses and sample location
Details of quality assurance/quality control procedures for sample
analysis and drill hole survey methodology are reported in the National Instrument 43-101-compliant technical reports filed on SEDAR on Nov. 27, 2009, for El Chanate. Gold analyses for the project
were performed by an accredited commercial laboratory using standard
fire assay procedures with an AA finish. The company maintains a
quality assurance/quality control program including the insertion of
commercial certified reference materials (CRM) and blanks in all its
assay programs. Sample lengths are not necessarily true widths.
Qualified persons
The program design, implementation, quality assurance/quality control
and interpretation of the results are under the control of AuRico's
geological staff, which includes a number of individuals who are
qualified persons as defined under NI 43-101. Christopher Rockingham,
PGeol, VP, exploration, is responsible for the overall supervision
of the program at El Chanate.
El CHANATE DRILL RESULTS
Hole ID From To Length Au
(m) (m) (m) (g/t)
CHCI-759 No significant values
CHCI-760 174.0 192.0 18.0 0.88
CHCI-761 67.5 109.5 42.0 0.50
CHCI-762 154.5 177.0 22.5 0.38
CHCI-763 No significant values
CHCI-764 No significant values
CHCI-765 67.5 127.5 60.0 0.35
CHCI-766 130.5 181.5 51.0 0.33
CHCI-767 157.5 174.0 16.5 0.52
CHCI-768 213.0 250.5 37.5 0.24
CHCI-769 186.0 223.5 37.5 0.94
CHCI-770 165.0 228.0 63.0 0.28
CHCI-771 No significant values
CHCI-772 210.0 241.5 31.5 0.31
CHCI-773 31.5 64.5 33.0 1.15
103.5 133.5 30.0 0.67
147.0 156.0 9.0 0.49
CHCI-774 46.5 81.0 34.5 0.90
CHCI-775 160.5 214.5 54.0 2.56
CHCI-776 126.0 174.0 48.0 2.90
CHCI-777 85.5 118.5 33.0 1.26
CHCI-778 124.5 168.0 43.5 0.45
CHCI-779 114.0 139.5 25.5 1.37
CHCI-780 169.5 190.5 21.0 0.34
208.5 225.0 16.5 0.42
CHCI-781 81.0 91.5 10.5 0.63
114.0 126.0 12.0 0.47
139.5 154.5 15.0 0.84
CHCI-782 No significant values
CHCI-785 195.0 223.5 28.5 0.77
CHCI-786 84.0 117.0 33.0 0.46
CHCI-787 No significant values
CHCI-790 207.0 238.5 31.5 0.28
CHCI-791 No significant values
CHCI-793 51.0 105.0 54.0 0.19
CHCI-794 15.0 34.5 19.5 0.68
CHCI-795 No significant values
CHCI-796 10.5 21.0 10.5 0.73
CHCI-797 No significant values
CHCI-798 90.0 106.5 16.5 0.61
CHCI-799 246.0 252.0 6.0 7.60
CHCI-800 169.5 198.0 28.5 0.67
CHCI-801 No significant values
CHCI-802 202.5 213.0 10.5 0.64
CHCI-803 87.0 105.0 18.0 0.72
CHCI-804 94.5 111.0 16.5 2.24
CHCI-805 40.5 51.0 10.5 0.43
73.5 88.5 15.0 0.29
CHCI-806 192.0 214.5 22.5 0.61
CHCI-807 No significant values
CHCI-809 177.0 183.0 6.0 2.9
192.0 220.5 28.5 0.27
CHCI-810 No significant values
CHCI-815 60.0 79.5 19.5 0.78
CHCI-816 No significant values
CHCI-817 76.5 85.5 9.0 1.37
CHCI-818 79.5 88.5 9.0 0.58
CHCI-819 No significant values
CHCI-821 171.0 178.5 7.5 0.74
207.0 226.5 19.5 0.93
CHCI-822 No significant values
CHCI-825 112.5 118.5 6.0 0.79
CHCI-826 No significant values
CHCI-828 127.5 136.5 9.0 0.36
CHCI-829 73.5 79.5 6.0 1.18
CHCI-830 189.0 196.5 7.5 0.7
CHCI-831 36.0 52.5 16.5 0.49
61.5 87.0 25.5 1.6
228.0 235.5 7.5 0.6
CHCI-832 No significant values
CHCI-833 75.0 87.0 12.0 0.59
CHCI-834 246.0 256.5 10.5 1.67
CHCI-835 0.0 13.5 13.5 0.72
CHCI-836 13.5 22.5 9.0 4.00
246.0 270.0 24.0 2.70
CHCI-837 No significant values
CHCI-838 157.5 183.0 25.5 0.49
CHCI-839 No significant valuesWe seek Safe Harbor.
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