2014

AuRico Gold Provides an Update on the 2012 El Chanate Exploration Program

TORONTO, October 22, 2012 /PRNewswire/ --

AuRico Gold Inc. (TSX:AUQ) (NYSE: AUQ), ("AuRico" or "the Company") is pleased to provide an update on its exploration program at the El Chanate mine located in Sonora, Mexico.

The 2012 exploration program has identified two new discoveries that are directly on trend of the open pit as well as the extension of the previously identified North West zone located approximately 50 metres northwest of the open pit. The newly discovered Rono zone is approximately 600 metres northwest of the open pit and the Loma Prieta zone is approximately 1.2 kilometres southeast from the ultimate pit boundary.

El Chanate Mine (looking south):http://files.newswire.ca/975/Figure1ElChanate.pdf

One diamond drill and one reverse circulation drill have been operating on the property since the second quarter of the year with 13 core holes (4,966 metres) and 103 reverse circulation holes (19,605 metres) having been completed to date. At the North West zone, five drill holes, over a 300 metre strike length, intersected intervals of 6 to 27 metres down hole with grades comparable to material currently being mined in the main open pit (reserve grade 0.65 g/t Au and resource grade of 0.42 g/t Au) as shown in the table below.  Given that the boundary of this zone is within 50 metres of the ultimate El Chanate open pit outline, there is a high probability that additional drilling could upgrade confidence in the mineralization and convert it into mineral resources.

Drilling Highlights

    Hole ID  From (m) To (m) Length (m) Grade Au g/t

                    North West Zone
    CHCI-731  183.0   192.0     9.0         0.31
              210.0   217.5     7.5         0.26
    CHCI-732   55.5    82.5     27.0        0.45
    CHCI-733   24.0    34.5     10.5        0.91
    CHCI-734  133.5   141.0     7.5         1.51
    CHCI-735   97.5   103.5     6.0         2.07
    CHCI-749   7.5     21.0     13.5        0.19
                          Rono
    CHCI-740   76.5   135.0     58.5        0.27
    CHCI-741  114.0   166.5     52.5        0.34
                      Loma Prieta
    CHCI-705   46.5    54.0     7.5         0.92
    CHCI-716   52.5    64.5     12.0        8.35
    CHCI-717   58.5    66.0     7.5         3.60
               88.5    93.0     4.5         6.52
    CHCI-725   61.5    75.0     13.5        1.70
    CHCI-727   48.0    54.0     6.0         4.52
    CHCI-747   64.5    70.5     6.0         2.10


The Rono discovery is in the area of an historic working, six hundred metres northwest of the El Chanate ultimate pit outline. Hole CHCI-741 intersected 52.5 metres of 0.34 g/t gold including 24 metres of 0.49 g/t gold and 12 metres of 0.37 g/t gold. A second hole CHCI 740,120 metres along strike, intersected 0.27 g/t gold over 58.5 metres. This zone is open along strike in both directions.

"Rono" Area RC Holes Location: http://files.newswire.ca/975/Figure2Rono.pdf

A third zone of mineralization ("Loma Prieta") has been discovered approximately 1.2 kilometers southeast of the ultimate pit. Six holes (CHCI-705, 716, 717, 725, 727 and 747) intersected mineralization at less than 70 metres depth. The zone is somewhat atypical of El Chanate mineralization in that there is a higher grade portion, on occasion in excess of 10 g/t gold, rather than a broad zone of disseminated mineralization. Although the size of this zone is limited by drilling to the northwest and volcanic rocks immediately to the southeast, the discovery is encouraging in that the trend of this mineralization is the same as that of the main El Chanate deposit and is untested for three and a half kilometres along trend on the El Chanate concessions.

"Loma Prieta" Area RC Holes Location: http://files.newswire.ca/975/Figure3LomaPrieta.pdf

Chris Rockingham, V.P. Exploration commented "This is the first time that AuRico's exploration program at El Chanate has focused on understanding the potential for extending the open pit mineralization beyond the existing ore body. The new discoveries at El Chanate are directly on trend from the open pit and represent a strong indication of potential resource growth. This year's exploration program and the success based plan proposed for next year, will continue to focus on follow-up drilling in these areas and beyond, to further evaluate the significant exploration potential 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 detail in the Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") compliant Technical Reports filed on SEDAR (http://www.sedar.com) on November 27, 2009 for El Chanate. Gold analyses for the project were performed by an independent, 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 control reference pulps and blanks in all its drill programs, along with a dedicated QA-QC person to monitor results. 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, P. Geol., V.P. Exploration, is the qualified person responsible for the overall supervision of the program at El Chanate and has reviewed and approved the content of this news release.

About AuRico Gold

AuRico Gold is a leading Canadian gold producer with a diversified portfolio of high quality mines and projects in North America that have significant production growth and exploration potential. Following the divestiture of Ocampo, the Company will be focused on its core operations including the Young-Davidson gold mine in northern Ontario which declared commercial production on September 1st, 2012 and the El Chanate mine in Sonora State.

AuRico's strong project pipeline also includes advanced development opportunities in Mexico and British Columbia. AuRico's head office is located in Toronto, Ontario, Canada.

Cautionary Statement

Certain information included in this news release constitutes forward-looking statements, including any information as to our projects, plans and future financial and operating performance. All statements, other than statements of historical fact, are forward-looking statements. The words "expect", "believe", "anticipate", "will", "intend", "estimate", "forecast", "budget", "schedule" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements.

Such factors include, but are not limited to: changes to current estimates of mineral reserves and resources; fluctuations in the price of gold and silver; changes in foreign exchange rates (particularly the Canadian dollar, Mexican peso and U.S. dollar); the impact of inflation; changes in our credit rating; employee relations; litigation; disruptions affecting operations; availability of and increased costs associated with mining inputs and labor; development delays at the Young-Davidson mine; technical challenges associated with the construction of capital projects; operating or technical difficulties in connection with mining or development activities; inherent risks associated with mining and mineral processing; the risk that the Young-Davidson, El Chanate and Ocampo mines and may not perform as planned; the ability to realize the perceived benefits from the acquisition of Capital Gold and Northgate and from the divestiture of the Stawell, Fosterville and El Cubo mines; uncertainty with the Company's ability to secure capital to execute its business plans; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses and permits; contests over title to properties; changes in national and local government legislation in Canada, Mexico and other jurisdictions in which the company does or may carry on business in the future; risk of loss due to sabotage and civil disturbances; the impact of global liquidity and credit availability and the values of assets and liabilities based on projected future cash flows; risks arising from holding derivative instruments; business opportunities that may be pursued by, the company; and the ability of the company to successfully integrate acquisitions. Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this second quarter report are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements.

The company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

 

Table of Assays

        Hole ID      From (m)    To (m)    Length (m)     Grade Au g/t

       CHCI-655        92.96     105.16      12.20            1.00
       CHCI-657       208.79     222.50      13.71            0.39
       CHCI-658        50.29     65.53       15.24            0.23
                      112.78     128.02      15.24            0.30
       CHCI-659       105.16     111.25       6.09            0.45
                      143.26     166.12      22.86            0.42
                      202.69     220.98      18.29            0.62
       CHCI-660       201.17     220.98      19.81            0.26
       CHCI-661        76.20     106.68      30.48            0.73
       CHCI-662       129.54     169.16      39.62            0.60
       CHCI-663        35.05     53.34       18.29            0.27
                       62.48     68.58        6.10            1.08
                      106.68     121.92      15.24            0.43
       CHCI-664       143.26     152.40       9.14            0.35
       CHCI-665        77.72     85.34        7.62            0.43
                      143.26     163.06      19.80            0.76
                      170.69     187.45      16.76            1.57
       CHCI-666        99.06     109.73      10.67            0.63
                      249.94     271.27      21.33            0.36
       CHCI-667       103.63     124.97      21.34            0.30
                      161.54     187.45      25.91            0.22
                      208.79     237.74      28.95            0.26
       CHCI-668        25.91     88.39       62.48            0.63
       CHCI-669        51.82     57.91        6.09            0.51
                       65.53     89.92       24.39            0.57
                      128.02     143.26      15.24            0.54
       CHCI-670        4.57      86.87       82.30            0.82
       CHCI-671       140.21     153.92      13.71            0.30
                      163.07     187.45      24.38            0.76
                      195.07     207.26      12.19            1.26
       CHCI-672        0.00      16.76       16.76            1.82
       CHCI-673        13.72     24.38       10.66            0.42
                      167.64     202.69      35.05            0.22
       CHCI-674        94.49     103.63       9.14            0.53
       CHCI-676        56.39     67.06       10.67            1.06
                       91.44     115.82      24.38            0.73
       CHCI-678        54.86     100.58      45.72            0.66
       CHCI-681       152.40     170.69      18.29            0.30
       CHCI-682        19.81     128.02      108.21           0.39
                      140.21     147.83       7.62            0.82
                      176.78     193.55      16.77            0.38
       CHCI-683       143.26     173.74      30.48            3.74
       CHCI-684        24.38     91.44       67.06            0.58
       CHCI-685        9.14      48.77       39.63            0.35
       CHCI-686        73.15     105.16      32.01            0.62
                      179.83     210.31      30.48            0.60
       CHCI-687        1.52      30.48       28.96            0.72
                       70.10     94.49       24.39            0.49
       CHCI-688        0.00      28.96       28.96            0.46
       CHCI-689        3.05      13.72       10.67            0.69
                       28.96     36.58        7.62            0.30
                       48.77     56.39        7.62            1.10
                       67.06     85.34       18.28            0.56
                      124.97     137.16      12.19            0.33
       CHCI-690        4.57      64.01       59.44            1.37
       CHCI-691        36.58     42.67        6.09            0.39
                       50.29     109.73      59.44            0.55
       CHCI-692        79.25     120.40      41.15            1.51
       CHCI-693       138.68     170.69      32.01            0.37
                      179.83     190.50      10.67            0.33
                      242.32     252.98      10.66            0.31
                      265.18     278.89      13.71            0.32
       CHCI-694       131.06     147.83      16.77            0.59
       CHCI-695        0.00      16.76       16.76            0.51
                       21.34     96.01       74.67            0.26
                      134.11     173.74      39.63            0.23
       CHCI-696       268.22     283.46      15.24            0.69
                      295.66     332.23      36.57            0.27
       CHCI-697        4.57      44.20       39.63            0.37
                       51.82     57.91        6.09            0.71
                       64.01     100.58      36.57            0.69
                      161.54     179.83      18.29            0.32
       CHCI-701       142.50     151.50       9.00            0.72
       CHCI-702        39.00     43.50        4.50            2.36
       CHCI-705        46.50     54.00        7.50            0.92
       CHCI-714        67.50     75.00        7.50            0.45
       CHCI-716        52.50     64.50       12.00            8.35
       CHCI-717        58.50     66.00        7.50            3.60
                       88.50     93.00        4.50            6.52
       CHCI-719        22.50     54.00       31.50            1.69
       CHCI-720        3.00       7.50        4.50            1.89
                       73.50     90.00       16.50            5.96
                      157.50     180.00      22.50            0.83
       CHCI-725        61.50     75.00       13.50            1.70
       CHCI-727        48.00     54.00        6.00            4.52
       CHCI-730        99.00     105.00       6.00            1.21
       CHCI-731       183.00     192.00       9.00            0.31
                      210.00     217.50       7.50            0.26
       CHCI-732        55.50     82.50       27.00            0.45
       CHCI-733        24.00     34.50       10.50            0.91
       CHCI-734       133.50     141.00       7.50            1.51
       CHCI-735        97.50     103.50       6.00            2.07
       CHCI-740        76.50     135.00      58.50            0.27
       CHCI-741       114.00     166.50      52.50            0.34
       CHCI-744        75.00     79.50        4.50            1.06
       CHCI-747        64.50     70.50        6.00            2.10
       CHCI-749        7.50      21.00       13.50            0.19
       CHCI-750                        ASSAYS PENDING
       CHCI-751
       CHCI-752
       CHCI-753
       CHCI-754
       CHCI-755
       CHCI-756
       CHCI-757
       CHCI-758

      Holes not included in this table have no significant assay values



 

Table of Drill Collar Coordinates

      HID       EAST       NORTH    ELEVATION AZ  DIP DEPTH  SECTION

    CHCI-655 412104.70  3407769.79   419.11   33  -75 249.94   30
    CHCI-657 412791.05  3407379.35   504.08    0  -90 291.08    4
    CHCI-658 411965.15  3407777.26   419.39   33  -65 181.36   34
    CHCI-659 412592.23  3407470.43   496.58    0  -90 300.23   11
    CHCI-660 412261.64  3407562.71   479.52   33  -80 281.94   22
    CHCI-661 412659.07  3407561.58   473.16   33  -65 160.02   11
    CHCI-662 412632.81  3407471.54   497.804  33  -65 323.09   10
    CHCI-663 411906.808 3407848.32   412.04    0  -90 288.04   37
    CHCI-664 411967.009 3407656.52   453.403   0  -90 367.28   32
    CHCI-665 412829.221 3407481.45   494.367  33  -65 252.98    5
    CHCI-666 412553.986 3407415.59   504.488   0  -90 367.28   11
    CHCI-667 411900.086  3407668.9   461.182  33  -70 257.56   34
    CHCI-668 412208.103 3407768.321  420.958  33  -55 129.54   27
    CHCI-669 412223.013 3407724.076  427.776  33  -70 196.60   26
    CHCI-670 412029.106 3407868.153  412.926   0  -90 135.64   34
    CHCI-671 412241.524 3407657.106  468.544  33  -60 243.84   24
    CHCI-672 412334.789 3407800.782  413.084   0  -90 120.40   24
    CHCI-673 411914.311 3407723.030  425.995   0  -90 263.65   35
    CHCI-674 412487.627 3407632.511  467.138  33  -70 199.64   17
    CHCI-675 411177.324 3407783.901  483.152  33  -60 367.28   56
    CHCI-676 412398.010 3407660.704  466.868  33  -60 187.45   20
    CHCI-677 412978.078 3407711.373  511.337  213 -60 129.54    5
    CHCI-678 412783.439 3407554.184  479.049   0  -90 176.78    7
    CHCI-679 411002.022 3407887.763  495.899  33  -60 330.71   63
    CHCI-680 412846.408 3407598.037  475.600   0  -90 121.92    6
    CHCI-681 412660.851 3407406.366  497.051  33  -70 300.23    8
    CHCI-682 412052.143 3407730.595  419.309   0  -90 278.89   31
    CHCI-683 412848.205 3407419.488  506.827   0  -90 355.09    3
    CHCI-684 412181.131 3407815.557  413.428   0  -90 156.97   29
    CHCI-685 412148.546 3407833.132  413.403  33  -55 120.40   30
    CHCI-686 412057.866 3407795.597  413.751   0  -90 210.31   32
    CHCI-687 411972.645 3407842.266  413.163  33  -60 141.73   35
    CHCI-688 412120.567 3407890.438  413.776   0  -90 120.40   32
    CHCI-689 411949.136 3407848.818  413.225  33  -65 169.16   36
    CHCI-690 412922.862 3407538.217  485.219  33  -55 120.40    3
    CHCI-691 412262.761 3407735.984  425.564  33  -60 169.16   25
    CHCI-692 412928.640 3407489.003  491.432  33  -60 120.40    2
    CHCI-693 411794.572 3407720.849  471.346   0  -90 352.04   38
    CHCI-694 412666.345 3407475.055  490.651   0  -90 303.28    9
    CHCI-695 411936.743 3407766.147  419.625   0  -90 249.94   35
    CHCI-696 412465.850 3407379.035  498.154  33  -75 373.38   13
    CHCI-697 411886.586 3407762.556  419.419   0  -90 263.65   36
    CHCI-698 411737.59  3407690.57   483.915  33  -75 324.61   29
    CHCI-699 413448.59  3407363.44   505.767  20  -60 120.0    65
    CHCI-700 413356.40  3407283.00   502.318  20  -60 219.0    68
    CHCI-701 413424.823 3407216.27   502.25    0  -90 178.5    64
    CHCI-702 413546.237 3407269.76   505.957  20  -60 156.0    60
    CHCI-703 413551.067 3407200.16   503.99    0  -90 237.0    59
    CHCI-704 413698.071 3407176.21   502.041  20  -60 175.5    54
    CHCI-705 413857.404 3407082.76   497.755  20  -60 222.0    48
    CHCI-706 413390.468 3407523.05   507.242   0  -90 291.0    69
    CHCI-707 413596.195 3407951.17   526.755   0  -90 189.0    67
    CHCI-708 413836.963 3407731.36   539.176   0  -90 288.0    56
    CHCI-709 413825.574 3407351.98   503.961   0  -90 300.0    52
    CHCI-710 414193.757 3407399.04   519.873   0  -90 228.0    40
    CHCI-711 413513.557 3407276.75   504.171  20  -60  81.0    63
    CHCI-712 413497.838 3407226.77   504.027  20  -60 150.0    63
    CHCI-713 413444.276 3407247.83   503.352  20  -60 150.0    65
    CHCI-714 413426.826 3407372.89   505.506  20  -60 102.0    67
    CHCI-715 413833.615 3407092.43   497.752  20  -60  60.0    51
    CHCI-716 413890.404 3407071.31   497.286  20  -60 102.0    49
    CHCI-717 413845.793 3407045.39   496.407  20  -65 102.0    50
    CHCI-718 413289.967 3407449.86   503.037  20  -60  70.5    72
    CHCI-719 413191.463 3407504.63   486.475  20  -55 120.0    76
    CHCI-720 413019.414 3407469.25   479.336  20  -65 180.0    81
    CHCI-721 411156.131 3407043.45   479.642   0  -90 159.0    44
    CHCI-722 411438.132 3406889.97   466.382   0  -90 183.0    33
    CHCI-723 410827.753 3406784.11   497.273   0  -90 177.0    48
    CHCI-724 411287.467 3406536.34   466.324   0  -90 172.5    31
    CHCI-725 413877.387 3407042.43   496.211  20  -60 120.0    49
    CHCI-726 413915.919 3407061.05   497.415  20  -60  90.0    48
    CHCI-727 413901.317 3407100.09   498.078  20  -60  66.0    49
    CHCI-728 414115.349 3407074.23   510.797  20  -60 162.0    42
    CHCI-729 413784.583 3407104.56   496.884  20  -60 102.0    53
    CHCI-730 413385.125 3407346.46   503.684  20  -60 141.0    68
    CHCI-731 411623.904 3408056.34   488.428  33  -70 222.0    49
    CHCI-732 411591.678 3408190.88   489.226  33  -60 132.0    52
    CHCI-733 411554.285 3408293.94   490.987  33  -60 102.0    55
    CHCI-734 411515.265 3408109.31   485.134  33  -60 213.0    53
    CHCI-735 411457.555 3408244.72   491.623  33  -60 159.0    57
    CHCI-736 411397.399   3408267    501.342  33  -60 171.0    59
    CHCI-737 411289.831 3408374.21   495.588  33  -60 177.0    64
    CHCI-738 411336.713 3408342.97   497.373  33  -60 168.0    62
    CHCI-739 411291.573 3408425.58   494.807  33  -50 192.0    65
    CHCI-740 411259.628 3408276.45   493.261  33  -60 186.0    63
    CHCI-741 411161.831 3408351.31   486.697  33  -60 195.0    67
    CHCI-742 411289.686 3408045.05   480.215  33  -90 201.0    58
    CHCI-743 414023.799  3407006.4   519.238  20  -60 141.0    44
    CHCI-744 413961.471 3407012.55   507.525  20  -60 159.0    46
    CHCI-745 413888.855 3406990.81   497.737  20  -60 150.0    48
    CHCI-746  413823.1  3406983.26   493.577  20  -65 201.0    50
    CHCI-747 413818.184 3407051.74   496.11   20  -65 120.0    51
    CHCI-748 413522.356 3407204.83   503.726  20  -60 126.0    64
    CHCI-749 411656.073 3408174.51   492.183  33  -45 120.0    50
    CHCI-750 411621.74  3408169.96   491.196  33  -60 153.0    51
    CHCI-751 411636.558 3408245.15   489.834  33  -60 111.0    52
    CHCI-752 411565.683 3408198.56   487.246  33  -60 150.0    53
    CHCI-753 411576.002 3408265.31   491.335  33  -60 114.0    54
    CHCI-754 411515.753 3408274.04   488.935  33  -60 111.0    56
    CHCI-755 411519.301 3408232.67   487.292  33  -60 150.0    55
    CHCI-756 411493.554 3408305.69   490.43   33  -60 132.0    57
    CHCI-757 411201.264 3408412.11   490.422  33  -60 174.0    67
    CHCI-758 411185.642 3408337.02   488.962  33  -60 228.0    66



 

PDF available at: http://stream1.newswire.ca/media/2012/10/22/20121022_C8833_DOC_EN_19606.pdf

PDF available at: http://stream1.newswire.ca/media/2012/10/22/20121022_C8833_DOC_EN_19607.pdf

PDF available at: http://stream1.newswire.ca/media/2012/10/22/20121022_C8833_DOC_EN_19608.pdf

 

For further information please visit the AuRico Gold website at http://www.auricogold.com or contact:

Chris Rockingham
Vice President, Exploration and Business Development
AuRico Gold Inc.
1-647-260-8880

Anne Day
Vice President, Investor Relations and Communications
AuRico Gold Inc.
1-647-260-8880

SOURCE AuRico Gold Inc.



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