Aurizon Mines Ltd.
AMEX : AZK
TSX : ARZ

Aurizon Mines Ltd.

November 07, 2005 12:30 ET

Aurizon Mines Ltd.: Third Quarter Report-September 30, 2005

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 7, 2005) - Aurizon Mines Ltd. (TSX:ARZ)(AMEX:AZK) -

Management's Discussion and Analysis of Financial Condition and Results of Operations

Aurizon reports financial results for the third quarter of 2005, which have been prepared on the basis of available information up to November 1, 2005. Management's Discussion and Analysis should be read in conjunction with the most recent annual financial statements of the Company.

The third quarter was highlighted by the following activities at the Casa Berardi Project:

- Receipt of an updated feasibility study from Roscoe Postle Associates Inc.

- Headframe construction more than 80% complete.

- Mechanical and electrical hoist installation completed.

- Shaft slashing and sinking initiated.

- Underground ramp extended down to the 630 metre level.

- Mill rehabilitation work initiated.

- Continued exploration drilling of the West Mine area.

At September 30, 2005, Aurizon had cash and working capital in excess of $15 million and was debt free.

FINANCIAL RESULTS

On May 11, 2005 Aurizon completed the sale of its 50% interest in Sleeping Giant, realizing a gain on sale from the disposition of this asset of $3.95 million. The Company received its share of gold production up to April 30, 2005, the effective date of the sale. All environmental liabilities and reclamation costs associated with the operation and ultimate closure of the mine have been assumed by the purchaser.

For accounting purposes, the disposition of Sleeping Giant is considered a discontinued operation. Consequently, all of the 2005 Sleeping Giant operating results, as well as prior year's results, are presented as a single line on the Statements of Operations and Cash Flow.

In addition, the Balance Sheet has segregated the comparative 2004 Sleeping Giant assets and liabilities from Aurizon's other assets and liabilities.

THIRD QUARTER 2005

Continuing Operations

With the sale of Sleeping Giant, Aurizon does not have any operating mining assets, pending the commencement of commercial production of Casa Berardi anticipated in the fourth quarter of 2006. Consequently, the Statement of Operations and Cash Flow reflects the ongoing administrative expenditures of the Company, net of royalty and interest income. Aurizon incurred a net loss from continuing operations of $0.8 million, or ($0.01) cents per share, compared to a net loss of $0.4 million, or $0.00 cents per share, in the third quarter of 2004. Corporate costs increased in the third quarter of 2005 over the same period of 2004 due to increased activity and costs associated with the Casa Berardi project financing and Sarbanes-Oxley related activities.

A net cash outflow associated with the net corporate and administrative costs, mitigated by a reduction of non-cash working capital in the third quarter of 2005, resulted in a net cash outflow from operating activities of $391,000. In the same period of 2004, cash flow from operating activities provided $108,000.

During the third quarter of 2005, capital expenditures of $11.8 million were incurred, of which $11.6 million was incurred at Casa Berardi for surface infrastructure related to the new shaft, underground development and continued exploration of the West Mine area. During the same period of 2004, $7.3 million was invested at Casa Berardi.

Financing activities during the third quarter of 2005 totaled $1.4 million which was provided from provincial refundable tax credits.

NINE MONTHS 2005

Continuing Operations

For the first nine months of 2005, Aurizon incurred a net loss from continuing operations of $0.7 million, or ($0.01) cents per share, compared to a loss of $1.3 million, or ($0.01) cent per share for the same period of 2004. Excluding the recognition of a $2.06 million flow through tax benefit gain in the first quarter of 2005, Aurizon incurred a net loss of $2.7 million in the first nine months of 2005.

Corporate and administrative costs and changes in non-cash working capital during the first nine months of 2005 resulted in a decrease of cash from continuing operating activities of $1.0 million compared to a decrease of $0.4 million for the same period of 2004.

Year to date 2005, $28 million was invested at Casa Berardi, compared to $18 million for the same period of 2004. Proceeds from the sale of Sleeping Giant provided $5.2 million in the second quarter of 2005.

Year to date 2005, financing activities total $27.4 million, of which $24 million was provided by equity financings, $0.6 million from the exercise of incentive stock options and $2.8 million from provincial refundable tax credits.

Discontinued Operations

Operating losses at Sleeping Giant in the first quarter of 2005 together with one month's operating earnings and the gain on sale of the mine in the second quarter, have resulted in net earnings from discontinued operations of $3.8 million in the first nine months of 2005, compared to earnings of $0.5 million in the same period of 2004.

For the first nine months of 2005, Sleeping Giant consumed $0.2 million cash compared to cash inflows of $0.5 million in 2004.

Combined Operations

On a combined basis, Aurizon earned $3.1 million or three cents per share in the first nine months of 2005, compared to a loss of $0.8 million or one cent per share in 2004.

CASA BERARDI

At the end of September 2005, Aurizon received an updated feasibility study prepared by Roscoe Postle Associates Inc. integrating the results from the January 2005 feasibility study, based on reserves above the 700 metre level, and the January 2005 resources below 700 metres in Zone 113. The updated feasibility study anticipates average annual gold production of 175,000 ounces for more than 6 years at a total cash cost of US$219 per ounce. Total recovered gold production is forecast at 1,092,000 ounces. Using a Canadian gold price of $500 per ounce (US$415 at a 1.20 exchange rate), the study estimated an internal rate of return of 23%. The study noted that there is good potential for further conversion of mineral resources to mineral reserves.

As of September 30, 2005, the majority of the surface construction is complete and remains on budget. The hoist installation is complete and fully commissioned. The headframe construction of the main structure is complete. Cladding of the upper part of the headframe, electrical installation and interior construction are in progress. Shaft sinking commenced on schedule at the end of the quarter.

Mill rehabilitation was initiated during the third quarter of 2005, focusing on the crushing and grinding circuits.

During the third quarter, more than 1,000 metres of underground development was completed. The Zone 113 service ramp is down to the 630 metre level and work has commenced to extend the Lower Inter Zone access ramp. Development remains on schedule for commercial production to commence in the fourth quarter of 2006.

Infill drilling of Zone 115 in the third quarter provided encouraging results, including 15.6 grams/tonne over 26.9 metres and 14 grams/tonne over 13.5 metres. This narrow, flat lying zone is located less than 250 metres from the planned production shaft at the 550 metre level. This zone remains open to the east and a mineral resource estimate of this zone and Zone 109 is in progress. The exploration track drift at the 550 metre level has been extended 758 metres in 2005 to permit further exploration and in-fill drilling of the lower portion of Zone 113 and Zones 118-122 situated east of Zone 113. Three drill rigs are currently active in this area.

OUTLOOK

The majority of the surface infrastructure required for the West Mine shaft is now complete, on budget and on schedule. The shaft slashing and sinking commenced in late September 2005 and is expected to take twelve months to complete down to its 790 metre depth.

Underground development is also progressing on schedule, with the objective of having three months of production ore in inventory for start-up by late 2006.

An equity and debt financing will be required to complete the pre-production work necessary to bring Casa Berardi to commercial production, to fund contingent collateral accounts required by the project banks, and for general corporate purposes. BNP Paribas has been awarded an exclusive mandate to arrange and underwrite a debt financing facility of up to $75 million.

As at November 1, 2005, the issued and fully diluted shares of the Company were 118,791,298 and 120,543,798, respectively.

Aurizon is a Canadian-based gold exploration company, with activities in the Abitibi region of north-western Quebec, one of the world's most prolific gold and base metal regions. Aurizon has recently completed a positive Feasibility Study on its' one hundred percent (100%) owned Casa Berardi Project. Pre-production construction is currently underway and production at the Project is anticipated to commence in late 2006. Casa Berardi is accessible by road, has mining permits in place and is on the Hydro Quebec power grid. Aurizon shares trade on the Toronto Stock Exchange under the symbol "ARZ" and on the American Stock Exchange under the symbol "AZK".



Common Shares
(TSX - ARZ/AMEX - AZK)
------------------------------------------------
September 30, December 31,
2005 2004
------------------------------------------------
Issued 118,791,298 103,421,522
Fully-diluted 120,543,798 111,306,392
Weighted average 113,741,595 100,577,055
------------------------------------------------


--------------------------------------------------------------------
Summary of Quarterly Results:
--------------------------------------------------------------------
3rd 2nd 1st
Quarter Quarter Quarter
2005 2005 2005
--------------------------------------------------------------------
Revenue $209,058 $ 233,323 $ 134,574
--------------------------------------------------------------------
Net Earnings (Loss) from
continuing operations ($794,404) ($1,265,074) $1,373,098

Net Earnings (Loss) ($794,404) $2,740,190 $1,153,359

Earnings (Loss) per share
from continuing operations
- basic and diluted ($ 0.01) ($ 0.01) $ 0.01

Earnings (Loss) per share
- basic and diluted ($ 0.01) $ 0.02 $ 0.01
--------------------------------------------------------------------


--------------------------------------------------------------------
4th 3rd 2nd 1st 4th
Quarter Quarter Quarter Quarter Quarter
2004 2004 2004 2004 2003
--------------------------------------------------------------------
Revenue $ 227,520 $179,587 $205,593 $224,460 $ 253,783
--------------------------------------------------------------------
Net Earnings
(Loss) from
continuing
operations ($4,880,193) ($402,697) ($582,591) ($353,435)($1,021,369)
Net
Earnings
(Loss) ($4,898,827) ($272,678) ($228,190) ($296,191)($ 90,662)
Earnings
(Loss)
per share
from
continuing
operations
- basic
and
diluted ($ 0.05) ($ 0.00) ($ 0.01) ($ 0.00)($ 0.01)
Earnings
(Loss)
per share
- basic
and
diluted ($ 0.05) ($ 0.00) ($ 0.00) ($ 0.00)($ 0.00)
--------------------------------------------------------------------


This report contains "forward-looking statements", including, but not limited to, statements regarding the Company's expectations as to the market price of gold, strategic plans, future commercial production, production targets and timetables, mine operating costs, capital expenditures, work programs, exploration budgets and mineral reserve and resource estimates. Forward-looking statements express, as at the date of this report, the Company's plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in such statements. Factors that could cause results or events to differ materially from current expectations expressed or implied by the forward-looking statements, include, but are not limited to, factors associated with fluctuations in the market price of precious metals, mining industry risks and hazards, environmental risks and hazards, uncertainty as to calculation of mineral reserves and resources, requirement of additional financing, risks of delays in construction and other risks more fully described in Aurizon's Annual Report on Form 20-F filed as an alternative form of AIF with the Securities Commissions of the provinces of British Columbia, Ontario and Quebec, with the United States Securities and Exchange Commission, and with the Toronto Stock Exchange. This 20-F document is available on Sedar at www.sedar.com.

U.S. Registration:

Form 20-F (File #0-22672)



Aurizon Mines Ltd.
Consolidated Balance Sheets (unaudited) - as at

September 30 December 31
2005 2004
--------------------------------------------------------------------
$ $
ASSETS As Restated
CURRENT (Note 3)
Cash and cash equivalents 15,811,489 12,065,681
Accounts receivable 3,625,527 2,850,841
Refundable tax credits - 1,105,684
Prepaids 1,245,960 586,644
Supplies inventory 763,349 786,048
Current assets of discontinued
operation (Note 4) - 743,994
--------------------------------------------------------------------
21,446,325 18,138,892
REFUNDABLE TAX CREDITS 780,000 -
RECLAMATION DEPOSITS 106,771 106,771
PROPERTY, PLANT & EQUIPMENT 16,683,854 9,480,250
MINERAL PROPERTIES 72,267,789 53,773,864
NON-CURRENT ASSETS OF DISCONTINUED
OPERATION (Note 4) - 4,651,464
--------------------------------------------------------------------
TOTAL ASSETS 111,084,739 86,151,241
--------------------------------------------------------------------
--------------------------------------------------------------------

LIABILITIES
CURRENT
Accounts payable and accrued
liabilities 5,906,594 3,570,693
Current liabilities of discontinued
operation (Note 4) - 2,325,597
--------------------------------------------------------------------
5,906,594 5,896,290

ASSET RETIREMENT OBLIGATIONS 1,445,413 1,363,597
FUTURE INCOME TAX LIABILITIES 3,924,974 2,587,974
NON-CURRENT LIABILITIES OF DISCONTINUED
OPERATION (Note 4) - 2,298,421
--------------------------------------------------------------------
TOTAL LIABILITIES 11,276,981 12,146,282
--------------------------------------------------------------------

SHAREHOLDERS' EQUITY
SHARE CAPITAL (Note 5)
Common shares
issued - 118,791,298
(2004 - 103,421,522) 154,343,340 131,762,523
CONTRIBUTED SURPLUS 742,943 742,943
STOCK BASED COMPENSATION 773,594 450,757
DEFICIT (55,852,119) (58,951,264)
--------------------------------------------------------------------
TOTAL SHAREHOLDERS' EQUITY 100,007,758 74,004,959
--------------------------------------------------------------------
TOTAL LIABILITIES AND SHAREHOLDERS'
EQUITY 111,084,739 86,151,241
--------------------------------------------------------------------
--------------------------------------------------------------------
The attached notes form an integral part of these consolidated
financial statements

Approved on behalf of the Board,

Robert Normand, Brian Moorhouse,
Director, Chairman of the Audit Committee Director


Aurizon Mines Ltd.
Consolidated Statements of Operations and Deficit (unaudited)

Three months ended Nine months ended
September 30 September 30
--------------------------------------------------------------------
2005 2004 2005 2004
--------------------------------------------------------------------
$ $ $ $
As As
restated restated
(Note 3) (Note 3)
Revenue
Royalty and other
income 209,058 179,587 576,955 596,013
--------------------------------------------------------------------

Expenses
Administrative and
general costs 725,601 480,883 2,516,394 1,774,754
Stock based
compensation
(Note 5(c)) - 33,000 322,837 33,000
Gain on sale of
property, plant
and equipment - (24,261) (115,112) (91,611)
Foreign exchange
(gain) loss 70,439 9,177 131,372 (62,122)
Capital taxes 156,501 72,649 363,974 241,646
--------------------------------------------------------------------
952,541 571,448 3,219,465 1,895,667
--------------------------------------------------------------------
LOSS FOR THE
PERIOD BEFORE
THE FOLLOWING (743,483) (391,861) (2,642,510) (1,299,654)
INCOME TAX EXPENSE (50,921) (10,836) (98,870) (39,069)
TAX BENEFITS NOT
PREVIOUSLY
RECOGNIZED
(Note 3) - - 2,055,000 -
--------------------------------------------------------------------
LOSS FROM
CONTINUING
OPERATIONS (794,404) (402,697) (686,380) (1,338,723)
NET EARNINGS FROM
DISCONTINUED
OPERATION
(Note 4) - 130,019 3,785,525 541,664
--------------------------------------------------------------------
NET EARNINGS (LOSS)
FOR THE PERIOD (794,404) (272,678) 3,099,145 (797,059)
DEFICIT - BEGINNING
OF PERIOD (55,057,715) (53,779,760) (58,951,264) (53,255,379)
--------------------------------------------------------------------
DEFICIT - END
OF PERIOD (55,852,119) (54,052,438) (55,852,119) (54,052,438)
--------------------------------------------------------------------
EARNINGS (LOSS)
PER SHARE -
Basic and
diluted (0.01) 0.00 0.03 (0.01)
--------------------------------------------------------------------
LOSS PER SHARE
FROM CONTINUING
OPERATIONS -
Basic and
diluted (0.01) 0.00 (0.01) (0.01)
--------------------------------------------------------------------
--------------------------------------------------------------------
Weighted average
number of
common shares
outstanding 118,791,298 102,446,603 113,741,595 97,769,003
--------------------------------------------------------------------
--------------------------------------------------------------------


Aurizon Mines Ltd.
Consolidated Statements of Cash Flow (unaudited)

Three months ended Nine months ended
September 30 September 30
--------------------------------------------------------------------
2005 2004 2005 2004
--------------------------------------------------------------------
$ $ $ $
As As
restated restated
(Note 3) (Note 3)
OPERATING
ACTIVITIES
Loss for the
period from
continuing
operations (794,404) (402,697) (686,380) (1,338,723)
Add (deduct) items
not requiring
an outlay of
cash:
Depreciation 28,796 20,641 63,754 63,670
Unrealized foreign
exchange
(gain) loss - 29,700 - -
Gain on sale of
property,
plant & equipment - (24,261) (115,112) (91,611)
Stock based
compensation - 33,000 322,837 33,000
Tax benefits not
previously
recognized - - (2,055,000) -
--------------------------------------------------------------------
Cash flow from
operations (765,608) (343,617) (2,469,901) (1,333,664)
Decrease (increase)
in non-cash
working capital
items 374,236 451,491 1,492,773 940,917
--------------------------------------------------------------------
(391,372) 107,874 (977,128) (392,747)
--------------------------------------------------------------------
INVESTING
ACTIVITIES
Property,
plant &
equipment (2,190,479) (30,988) (7,332,236) (341,044)
Reclamation
deposits - - - (59,517)
Mineral
properties (9,592,983) (7,316,901) (20,438,940) (17,964,243)
Proceeds from
sale of
Sleeping Giant
(Note 4) - - 5,201,649 -
Proceeds on
disposal of
property,
plant &
equipment - 70,330 180,000 253,330
--------------------------------------------------------------------
(11,783,462) (7,277,559) (22,389,527) (18,111,474)
--------------------------------------------------------------------
FINANCING
ACTIVITIES
Refundable tax
credits 1,396,350 - 1,396,350 -
Mining duties - - 1,390,091 243,587
Issuance of
shares - - 24,635,817 8,922,548
--------------------------------------------------------------------
1,396,350 - 27,422,258 9,166,135
--------------------------------------------------------------------
INCREASE
(DECREASE)
IN CASH
FROM
CONTINUING
OPERATIONS (10,778,484) (7,169,685) 4,055,603 (9,338,086)
INCREASE
(DECREASE)
IN CASH
FROM
DISCONTINUED
OPERATION
(Note 4) - 1,091,482 (182,268) 526,503
--------------------------------------------------------------------
INCREASE
(DECREASE)
IN CASH
AND CASH
EQUIVALENTS (10,778,484) (6,078,203) 3,873,335 (8,811,583)
CASH AND CASH
EQUIVALENTS -
BEGINNING OF
PERIOD 26,589,973 24,347,459 11,938,154 27,080,839
--------------------------------------------------------------------
--------------------------------------------------------------------
CASH AND CASH
EQUIVALENTS -
END OF PERIOD 15,811,489 18,269,256 15,811,489 18,269,256
--------------------------------------------------------------------
--------------------------------------------------------------------


Notes to Consolidated Financial Statements (unaudited)
(all figures in Canadian dollars)


1. Basis of Presentation

The accompanying unaudited interim financial statements have been prepared in accordance with Canadian generally accepted accounting principles on a basis consistent with those outlined in the Company's audited financial statements for the year ended December 31, 2004. These notes do not include all of the information and disclosures required by Canadian generally accepted accounting principles for annual financial statements. These interim financial statements should be read in conjunction with the most recent annual financial statements of the Company.

The accompanying unaudited interim financial statements of the Company have been prepared by and are the responsibility of the Company's management.

2. Casa Berardi Project

An equity and debt financing will be required to complete the pre-production work necessary to bring Casa Berardi to commercial production, to fund contingent collateral accounts required by the project banks, and for general corporate purposes. BNP Paribas has been awarded an exclusive mandate to arrange and underwrite a debt financing facility of up to $75 million.

3. Income Taxes

Effective March 31, 2004, the Company has adopted a new CICA Accounting Standard, EIC 146, in respect of flow through shares. Under this Standard, a future income tax liability must be recognized, and the shareholders' equity reduced, on the date that the Company renounces the tax credits associated with flow through expenditures, provided that there is reasonable assurance that the expenditures will be made.

A company with future income tax assets that it has not recognized in previous years as a result of applying the "more likely than not" test, thereby recording a valuation allowance, must recognize the previously unrecorded future income tax assets to the extent of the future income tax liability recognized on remuneration of the flow through tax credits.

The net effect of the adoption of this Standard has resulted in the recognition of tax benefits not previously recognized in the statements of operations of $2,055,000 and a corresponding reduction in shareholders' equity.

4. Disposition of Sleeping Giant Mine

On May 11, 2005, the Company completed the sale of its 50% interest in the Sleeping Giant Mine for net proceeds of $4,984,336. The Company recorded an after-tax gain of $3,954,907 on the transaction. All environmental liabilities and reclamation costs associated with the operation and ultimate closure of the mine have been assumed by the purchaser.

For accounting purposes, the disposition of Sleeping Giant is considered a discontinued operation and its results for 2005 and comparative years are presented as a single line item on the Statements of Operations and Cash Flow.

The gain on sale, statements of operations, and cash flow from Sleeping Giant are as follows:



a) Gain on Sale:

Total Consideration $ 4,984,336

Less:
Net assets disposed of
Cash overdraft ($ 217,312)
Working capital (1,484,013)
Reclamation deposits 1,097,530
Property, plant and equipment 614,004
Mineral properties 3,350,800
Asset retirement obligations (1,587,287)
Other long term liabilities (744,293) 1,029,429
-----------------------------------------------------------
Gain on sale $ 3,954,907
-----------------------------------------------------------
-----------------------------------------------------------


b) Earnings from discontinued operation:

Three months ended Nine months ended
September 30 September 30
--------------------------------------------------------------------
2005 2004 2005 2004
--------------------------------------------------------------------
$ $ $ $

Revenues - 4,244,144 5,218,178 12,821,015
Operating costs - (3,171,239) (4,912,706) (9,553,883)
Depreciation
and depletion - (919,173) (441,695) (2,654,328)
Accretion - (23,713) (33,159) (71,140)
--------------------------------------------------------------------
Net earnings (loss) - 130,019 (169,382) 541,664
Gain on sale - - 3,954,907 -
--------------------------------------------------------------------
Net earnings (loss)
from discontinued
operation - 130,019 3,785,525 541,664
--------------------------------------------------------------------
--------------------------------------------------------------------


c) Cash flow from discontinued operation:

Three months ended Nine months ended
September 30 September 30
--------------------------------------------------------------------
2005 2004 2005 2004
--------------------------------------------------------------------
$ $ $ $

Operating activities - 2,205,850 335,408 3,744,936
Investing activities - (1,114,368) (852,568) (3,427,546)
Financing activities - - 334,892 209,113
--------------------------------------------------------------------
Net increase
(decrease) in cash - 1,091,482 (182,268) 526,503
--------------------------------------------------------------------
--------------------------------------------------------------------


5. Share Capital

a) Private Placement

On March 31, 2005, the Company completed a private placement of 7,805,555 flow through common shares at a price of $1.80 per share and 3,638,888 common shares at a price of $1.50 per share, resulting in gross proceeds of $19,508,331.

On April 21, 2005, the Company issued a further 2,750,000 flow through common shares at a price of $1.80 per share and 583,333 common shares at a price of $1.50 per share for gross proceeds of $5,825,000. At September 30, 2005 the Company has a commitment to incur $19 million of eligible flow through expenditures at Casa Berardi prior to December 31, 2006.

b) Warrants

As at September 30, 2005, all previously outstanding warrants had expired.

c) Incentive Stock Options

During the second quarter of 2005, incentive stock options were granted to officers, directors and employees to purchase up to 805,000 shares at an exercise price of $1.50 per share. The exercise price of the incentive stock options was fixed at a 26% premium over the prevailing market price of the shares at the date of grant.

The fair value of the options granted was estimated as $0.40 per share option on the date of grant based on the Black-Scholes option-pricing model with the following weighted average assumptions:



2005
--------------------------------------
Expected volatility 57%
Risk-free interest rate 3.22%
Expected lives 3 Years
Dividend yield Nil


Accordingly, the Company recorded a stock based compensation expense of $322,837 relating to these options.

The status of stock options granted to officers, directors and employees as at September 30, 2005 and the changes during the periods ended is presented below:



Three months ended Nine months ended
September 30, 2005 September 30, 2005
--------------------------------------------------------------------
Weighted- Weighted-
average average
exercise exercise
Shares price Shares price
--------------------------------------------------------------------
Outstanding at
beginning
of period 1,752,500 $1.75 1,584,500 $1.57
Granted - - 805,000 $1.50
Exercised - - (592,000) $1.00
Expired - - (45,000) $1.00
--------------------------------------------------------------------
Outstanding at
end of period 1,752,500 $1.75 1,752,500 $1.75
--------------------------------------------------------------------
--------------------------------------------------------------------


6. Commitments

As at September 30, 2005, the Company has contractual obligations in respect of construction and development activities at Casa Berardi totaling $30 million, of which $11 million is due in the fourth quarter of 2005, and the balance due in 2006.

Contact Information

  • Aurizon Mines Ltd.
    David P. Hall
    President
    (604) 687-6600 or Toll Free: 1-888-411-GOLD
    or
    Aurizon Mines Ltd.
    Ian S. Walton
    Chief Financial Officer
    (604) 687-6600 or Toll Free: 1-888-411-GOLD
    (604) 687-3932 (FAX)
    info@aurizon.com
    www.aurizon.com