Wed, 23 May, 2012, 7:40 AM EDT - Canadian Markets open in 1 hr 50 mins

Exploration Aurtois Inc. Announces that by making new strategic acquisitions, Aurtois becomes well positioned to explore mineral potential of the Belleterre mining camp

RELATED QUOTES

SymbolPriceChange

Val-d'Or, Quebec, January 26, 2012: The management of Exploration Aurtois Inc. (<< Aurtois>>) is pleased to announce the acquisition of various mining properties from local prospectors as well as the signing of an option agreement for two mining properties "Guillet" and "Ortona", from Vantex Resources Ltd. ("Vantex") (TSX-V: VAX), on January 16, 2012.

With these new acquisitions and option, Aurtois owns, in Belleterre Mining camp, 225 claims encompassing 6,003.35 hectares. Aurtois becomes well positioned and has now the opportunity to explore and work at will the heart of the Belleterre Mining.

Belleterre Extereme-Est property (54,644 tonnes @ 5.77g/t)

Aurtois has drilled and repeatedly intercepted, visible gold within quartz veins and sulphides. The ore body intersected by diamond drilling consists of a system of veins and veinlets that are composed of more than 85% quartz-carbonate that contain clusters of disseminated sulphides, mainly of pyrite. The free gold found in the quartz fractures has inevitably caused a "nugget" effect. Aurtois is presently developing the reserve calculation.

Vantex option - "Guillet" and "Ortona"

(The following information has been translated from the technical report NI 43-101 submitted by Mr. Pierre O'Dowd, Geologist and Gilles Laverdiere, Geologist on June 21, 2007. For complete accuracy please consult the orignal document available in French )

Guillet

Lake Expanse: measured and indicated reserves 320,950 tonnes @ 2.62 g/t Au (27.038 ounces of gold) and inferred reserves of 76,570 tonnes @ 2.31 g/t Au (5.687 ounces of gold) according to a report May 25, 2007 submitted by Mr. Daniel Kelly and Mr. Yves Gagnon, engineers.

To date, the Lac Expanse sector contains seventeen (17) mineralized gold zones.

Zone A

Channel sampling with 334.4 g/t Au over 0.9 m channel sampling, two drill holes did not intercept any significant gold values.

Zone A SW

Channel samples of up to 63.6 g/t Au over 1.1 meters and up to 8.91 g/t Au over 0.82 meters.

Zone B

Channel and drill samples of :

?.9.7 g/t Au over 3.1 m. ?.5.1 g/t Au over 4.7 m. ?.3.74 g/t Au over 7.80 m. ?.4.89 g/t Au over 10.85 m. ?.17.32 g/t Au over 3.0 m.

Zone A-B

Channel samples of 39.3 g/t Au over 1.9 m. and 18,3 g/t Au over 1 m., drill samples up to 17.3 g/t Au over 0.70 m.

Zone B-C et C

Channel samples with values ranging from 6.5 g/t to 44.4 g/t over 4.30m to 0.80 m., and 22 drill samples with values ranging from 2.1 g/t to 129.38 g/t over widths varying from 0.30m to 11m.

Zone D

40.8 g/t Au over 13.3 m. from drilling, and the detection of 5 grains of visible gold.

Zone E

Channel samples of 6.1 g/t Au over 2 m., 3.37 g/t Au over 2,7 m and 10.70 g/t Au over 0.9 m.

Gervais

14.9 g/t Au over 2.3 m

FR-135a Outcropping

1,570 ppb

Frontiere

93.4 g/t Au sample.

Jolette Vein Sector #2 Brenmore

5.8 g/t Au sample

Audrey B Stripping

Values of 12.5 g/t Au by sampling and 8.1 g/t en Au over 1.5 m., by drilling.

Zone situated NE of Audrey B (Norterre Mines)

The best drill intersection was 1.7 g/t Au over 0.8 m.

Drill Hole B-89-8 (Agnico Eagle)

1.5 g/t Au over 2 m

Drill Hole B-89-7

4.5 g/t Au over 1.6 m.

Brenmore Vein and mineralized tuff

polymetallics (Cp/Py/Po)

Indicators from Central Volcanic Zone and tuffs

No 1: 66.2 g/t Au over 3.3 m. including 439.56 g/t Au over 0.45 m.

No. 190: 10.90 g/t Au over 0.90 m.

No. 2: 1.57 g/t Au over1.4 m.

LE07-215: 13.13 g/t Au over 1 m.

Ortona

This property contains 5 gold showings. The primary showing contains gold grades of 5.9 g/t to 49 g/t Au over a distance of 21 m. Surveying has revealed that this area has grades of 4.11 g/t, 6.5 g/t, 5.83 g/t and 19.2 g/t Au over 0.5 m. Three grab samples (Tourigny 1991) graded at 270 g/t, 7.4 g/t and 2.9 g/t Au.

The other four surface gold showings and sampling values are reported up to 34 g/t Au.

150 meters southwest of the main showing, sampling intercepted two grades of 88.1 g/t over 0.6 m and 22.7 g/t over 1.3 m.

Acquisition of 4 Belleterre properties from prospecters

Geological Summary

These properties are part of the mini-Achaean volcanic belt approximately 50 km long and 5-10 km wide. Active companies in this area are Aurtois, Vantex (optioned by Aurtois, Monday, January 16, 2012), Resources Conway and Les Mines JAG.

It is possible that this belt is a strip isolated from the greenstone belt of the Abitibi (gold deposits of Rouyn, Malartic/Cadillac and Val d'Or), the two being separated by processes that have Cratonisation formed the Superior Province. The geology is similar to that found in Abitibi, in addition, the Pontiac sedimentary rock formation located south of the Cadillac belt, suggests a link between these two greenstone belts. (ref; Shore, 1974, DP270, Auger, 1952, RG55, Tourigny, 1993, 93-20 MB)

Esterre property

This property is located east of the Aurtois Far East property, Resources Conway's Belleterre Mine Concession and Les Mine JAG properties, covering the eastern extension of gold-bearing veins. It is comprised of 90 mineral claims, totaling 1414.40 hectares. Several potential areas have been identified on gold mining claims.

Bisson property: 19 claims (1060.75 ha).

Perron propery: 24 claims (1431.20 ha).

Audet property: 17 claims (971 ha).

Method of payment

Aurtois can acquire 100 % of each of the Bisson, Perron, and Audet properties by fulfilling the following conditions:

-.A sum of $5,000 payable to each of the owners of each properties in the six months following the signing of the agreement; -.The insurance of 500,000 common shares of Aurtois for the benefit of each of the owners of each properties in the six months following the signing of the agreement;

If a commercial mining production occurs on an owner's property, Aurtois agrees to pay a 2% net smelter return royalty on the property.

Also, Aurtois can acquire 100 % of the Esterre property by fulfilling the following conditions:

-.A sum of $25,000 payable to the owner of the property in the six months following the signing of the agreement; -.The insurance of 1,000,000 common shares of Aurtois for the benefit of the owner of the property in the six months following the signing of the agreement;

If a commercial mining production occurs on the owner's property, Aurtois agrees to pay a 2% net smelter return royalty on the property.

All of these new acquisitions are subject to the approval of the regulatory authorities

Quality Assurance/Quality Control

Aurtois Exploration Inc. maintains a rigorous quality control program involving the use of repeat assays, inserted blanks and the use of certified standards provided by an accredited Canadian laboratory.

Daniel Lapointe, Geologist, is the qualified person in accordance with NI 43-101 and has reviewed the technical information presented in this release.

A qualified person has not done sufficient work to classify the historical estimate as current mineral resources, the issuer is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

For more information, please contact: Mr. Mario Bisson Phone. : (819) 874-2115 Email : mbisson@explorationaurtois.com

www.explorationaurtois.com

To View Map Image, please copy and paste URL below into a new browser:

http://thenewswire.ca/client_files/2012-01-26-3.pdf

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.9775-0.00-0.18%
    CADUSD=X
    0.77240.00+0.05%
    CADEUR=X
    0.62160.00+0.07%
    CADGBP=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    97.410004-1.41-1.43%
    CLZ11.NYM
    3.50-0.09-2.51%
    NGX11.NYM
    1,652.00-70.70-4.10%
    GCV11.CMX
    35.3150.22+0.63%
    SIV11.CMX
  • Popular Stocks
    Popular Stocks
    NamePriceChange% Chg
    556.97
    AAPL
    11.06
    RIMM
    600.80
    GOOG
    10.19
    F
    19.18
    GE
    22.37
    PFE
    2.88
    NOK
 

There are no comments yet