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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: tyc:> who wrote (945)	6/12/2001 11:24:26 PM
From: marcos	Respond to of 8273

aur.to - Arizona Star makes gold discovery in Chile Aur Resources Inc AUR Shares issued 75,729,875 2001-06-11 close $3.12 Tuesday Jun 12 2001 News Release See Arizona Star Resource Corporation (AZS) News Release Mr. Robert Richer reports Arizona Star Resources has discovered a new gold zone on the Agua de la Piedra (ADLP) property in Region II, northern Chile. ADLP is a recently expanded 264-square-kilometre joint venture property between Arizona Star (49 per cent) and AUR Resources (51 per cent). To date, a total of 2,220 metres of reverse circulation drilling in 12 holes has been carried out on the property by AUR Resources. Anomalous gold values were intersected in nine of the 12 holes, with the most significant intercepts occurring in three holes drilled on the same section below a mineralized outcrop. These intercepts are outlined in table 1. Please refer to table 2 and 3 for the results of the entire drill program. Further drilling will be necessary to accurately outline the extent and geometry of the gold mineralization, and to determine the true widths of the intercepts. TABLE 1 MOST SIGNIFICANT INTERSECTIONS Hole No. From To Length Au (m) (m) (m) (g/t) AP-1 4 69 65 1.59 incl. 4 22 18 3.15 AP-2 59 119 60 2.02 incl. 74 119 45 2.39 AP-10 36 54 18 0.95 94 118 24 1.22 incl. 95 108 13 1.57 The ADLP property is located approximately 250 kilometres southeast of the city of Antofagasta, and lies along the western margin of the prolific West Fissure fault zone, which hosts most of Chile's largest porphyry copper deposits. The exploration work carried out to date has been focused along the contact between a thick sequence of andesitic volcanic and sedimentary rocks. Results of the recent exploration program indicate that the ADLP property hosts a low-sulphidation gold-bearing epithermal system. Surface exposure of outcrop is limited, but geological mapping and sampling indicates that there may be multiple zones of multistage epithermal quartz veining within an overall structural corridor of at least 400 metres wide by 1,500 metres long. This first-round exploration program consisted of mapping, geophysics, rock chip sampling, grid soil sampling, trenching and reverse circulation drilling. Surface geochemical results include soil values (based on partial extraction techniques) up to 934 parts per billion gold and rock chip values up to 2.83 grams per tonne gold. Initial petrographic studies have shown that the gold occurs as fine-grained (less than 25 microns) native gold particles that are associated with both quartz and iron oxides. A total of eight bottle-roll leach tests has been completed to date yielding favourable recoveries varying from 83 per cent to 96 per cent, suggesting that the mineralization may be amenable to heap leaching. The mineralized intervals were calculated from one-metre sampling intervals analyzed by Acme Analytical Laboratories, Santiago, using standard fire-assay procedure with atomic absorption finish. Check sampling of all reported intervals was performed by Geoanalytica, La Serena, Chile. In all cases, for any result greater than three g/t Au, both laboratories used a gravimetric finish. AUR has earned a 51-per-cent interest in the property by completing this first phase of exploration work and is the operator of the ADLP joint venture. AUR and Arizona Star are planning continued exploration at ADLP in the immediate future, including additional drilling on known mineralization as well as the initial drill testing of untested geochemical soil and rock chip anomalies. TABLE 2 DRILL HOLE LOCATIONS Hole Elevation Azimuth Dip Length (m) (degrees) (degrees) (m) AP-1 3,334.80 90 -50 114 AP-2 3,323.34 90 -50 168 AP-3 3,350.70 270 -50 198 AP-4 3,354.24 270 -50 162 AP-5 3,365.45 270 -50 280 AP-6 3,387.66 270 -50 349 AP-7 3,341.94 90 -50 150 AP-8 3,363.56 270 -50 200 AP-9 3,309.00 90 -50 150 AP-10 3,323.21 90 -75 191 AP-11 3,322.42 90 -60 150 AP-12 3,349.03 45 -50 108 Total 2,220 TABLE 3 REMAINDER OF DRILLING RESULTS Hole No. From To Length Au (m) (m) (m) (g/t) AP-3 6 12 6 0.95 160 168 8 0.61 178 183 5 0.89 AP-4 93 100 7 0.53 AP-5 181 204 23 0.7 AP-6 No significant results AP-7 54 65 11 0.83 incl. 59 61 2 1.69 AP-8 No significant results AP-9 77 82 5 0.53 incl. 80 82 2 0.77 AP-11 No significant results AP-12 28 30 2 0.76 (c) Copyright 2001 Canjex Publishing Ltd. canada-stockwatch.com