ARZ: Easy as 1-2-3

HARISH SRINIVASA, Dundee Securities (09/27/2010)
"Aurizon this morning reported infill drill results from its ongoing exploration program from the 123 Zone at its 100%-owned Casa Berardi Mine in Quebec. Results include intersections of 10.0 g/t over 35.1m and 9.1 g/t over 27.3m (all true widths). These results combined with earlier intersections (up to 42.1 g/t over 21.5m) indicate that the 123 Zone contains a high grade core measuring approximately 200m in strike length, 50m in depth and 25m in thickness. . .An updated resource is expected by year-end. We believe that the continued drilling program will likely add to the quality and size of the resource. We are maintaining our BUY recommendation with a 12-month target price of C$7.70/share.

The current drilling program is targeting a series of previously outlined stacked mineralized lenses. . .The company plans to develop a ramp from the 810m level down to 1000m level, which will provide both the drill base to test the depth extension of the 123 Zone and 118 Zone as well as access for mine development of these zones."

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