A $200,000 exploration program has yielded encouraging results at Aurizon Mines’ (TSE) La Reyna copper-gold property in the western Mexican state of Sinaloa.
A northeasterly-trending soil anomaly, 4,000 metres long by 500-1,000 metres wide, has been outlined, along with another anomalous feature extending up to 2,500 metres to the north. Mapping delineated several drill targets within the geochemical anomaly and to the northeast and west. Previous drilling on the project, owned 95% by Aurizon and 5% by Western Desert Exploration, identified an oxide-sulphide inventory of 18.5 million tonnes grading 0.55% copper and two grams gold per tonne (in sulphides). In view of the encouraging results, Aurizon plans to increase its interest in the project to 100% by way of a take-over bid, offering shareholders of Western Desert 0.75 shares of Aurizon for each Western Desert share held. For the bid to be successful, 90% of the outstanding Western Desert shares must be tendered. The bid is also subject to regulatory approval. Aurizon is planning a follow-up program of helicopter magnetic, radiometric and very-low-frequency electro-magnetic surveys, as well as regional prospecting and geochemical sampling.
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