Aurizon Mines Ltd fka AZK

[NYBob]

Aurizon acquires option on Wildcat

$6.40 +0.05

10:02am EST

Aurizon Mines (AZK) announced it has obtained an option from Everton Resources to acquire up to a 65% interest in Everton's Wildcat property located in the James Bay region of Quebec. The Wildcat property is comprised of 311 mining claims covering 21,000 hectares and is proximate to Goldcorp's (GG) multi-million ounce Eleonore deposit.

The earn-in on the option includes Aurizon's agreement to serve as operator on the project, exploration expenditures totaling $6.25 million, an equity private placement in Everton shares for $250,000 - which includes share purchase warrants and payments to Everton in cash and Aurizon stock which could amount to $1.8 million.

"We are pleased to enter into this agreement with Everton", said Aurizon CEO David Hall. "This is consistent with our strategy of building a balanced portfolio of exploration properties, close to our technical base, in one of the premier mining jurisdictions in the world."