Aurizon Mines Ltd. (AZK)

Aurizon Mines, Ltd. engages in the acquisition, exploration, development, and operation of gold properties in North America. It owns a 100% interest in the Casa Berardi project, a gold-producing mine property comprising of 299 mineral claims and 2 mining leases covering a total of 16,637.17 hectares located in the Abitibi region in the Province of Quebec, Canada. The company also owns interests in 3 claims; and holds options to acquire a 100% interest in 87 claims and an option to acquire a 75% interest in 2 claims in the Joanna gold project covering 2,608 hectares located approximately 20 kilometers east of Rouyn-Noranda, Quebec. In addition, it has interests in the Kipawa gold uranium project with 1,277 mineral claims covering approximately 75,000 hectares located approximately 100 kilometres south of Rouyn-Noranda, Quebec. Further, Aurizon Mines, Ltd. holds royalty interests in the Beaufor Mine with an area of approximately 92 acres located 16 kilometers east of Val d'Or, Quebec. The company was founded in 1988 and is headquartered in Vancouver, Canada.

For the nine months ended 30 September 2006, Aurizon Mines Ltd's revenues increased 59% to C$920K. Net loss from continuing operations totaled C$12.9M, up from C$686K. Revenues reflect an increase in proceeds from royalties and other income. Higher loss reflects the presence of exploration costs, the inclusion of non cash charges associated with mark-to-market adjustment of non-hedge deriavative instruments and stock option grants.