Aurion Identifies New Gold Zones at the Kaaresselkä Prospect, on the Wholly Owned Risti Property
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Aurion Resources Ltd.12 Sep, 2023, 08:14 ET
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- All holes intersected gold including 8.25 g/t Au over4.30 mand 63.20 g/t Au over0.85 m
- New mineralization100 mnorth of the Vanha area main trend, within the Kaaresselkä Prospect
- Gold intersected at Vanha over500 mstrike length
- Results pending for scout drill program
ST. JOHN'S, NL,Sept. 12, 2023/CNW/ -Aurion Resources Ltd.(TSXV: AU) (OTCQX: AIRRF)("Aurion" or the "Company")announces results from the drilling program in the Kaaresselkä Prospect at its wholly owned Risti property located in the Central Lapland Greenstone Belt in northernFinland.
Summary
- All holes intersected gold mineralization including:
- 8.25 g/t Au over4.30 mfrom59.00 m(KS23034)
- 2.27 g/t Au over7.00 mfrom32.30 m(KS23039)
- 1.56 g/t Au over8.75 mfrom66.75 mwithin 0.40 g/t Au over49.45 mfrom50.50 m(KS23037)
- 0.81 g/t Au over14.00 m(incl.6.50 mcore loss) from207.80 m(KS22027 extension)
- KS22027 included several gold mineralized intervals (NRFebruary 21, 2023), including 2.41 g/t Au over56.55 mfrom95.75 m
- New mineralization100 mnorth of the Vanha area main trend, within the Kaaresselka Prospect
- 63.20 g/t Au over0.85 mfrom137.00 m(KS23041)
- Gold intersected at Vanha over500 mstrike length
- Mineralized system open along strike and at depth
- Mineralization resembles the Helmi (Aurion-B2Gold JV) and Ikkari (Rupert Resources) discoveries
- Prospective and mainly unexplored structural trend is interpreted to extend over 15 km within the wholly owned Risti property and further into to the Aurion-B2Gold JV hosting the recent Vuoma discovery
- Results pending for scout drill program
Comments
"Aurion's latest program at Kaaresselkä intersected gold in every hole," commentedMatti Talikka, CEO of Aurion. "These results combined with B2Gold's recent Vuoma discovery continue to demonstrate the exciting potential along the largely untested southern domain boundary, a 20+ km structural trend."
Link to Figures:
c212.net
Vanha Area Drilling Results
| Hole ID
| EOH (m)
| Azimuth
| Dip
| From (m)
| To (m)
| Width (m)
| Au (g/t)
| Target Area
| Comments
| KS22027*
| 281.0
| 225.7
| -59.8
| 37.35
| 44.45
| 7.10
| 1.43
| Vanha
|
| and
|
|
|
| 95.75
| 152.30
| 56.55
| 2.41
|
|
| incl.
|
|
|
| 95.75
| 101.65
| 5.90
| 17.12
|
|
| and incl.
|
|
|
| 138.90
| 146.35
| 7.45
| 2.85
|
|
| and
|
|
|
| 207.80
| 221.80
| 14.00
| 0.81
|
| core loss 6.50 m
| incl.
|
|
|
| 207.80
| 214.95
| 7.15
| 1.10
|
| core loss 3.15 m
| KS22029*
| 260.0
| 229.0
| -59.7
| 46.50
| 50.45
| 3.95
| 0.66
| Vanha
|
| and
|
|
|
| 92.50
| 112.40
| 19.90
| 1.22
|
| core loss 1.7 m
| and
|
|
|
| 124.10
| 135.40
| 11.30
| 2.27
|
|
| and
|
|
|
| 185.80
| 202.80
| 17.00
| 0.47
|
|
| and
|
|
|
| 208.00
| 212.00
| 4.00
| 0.32
|
|
| KS23032
| 265.5
| 229.2
| -59.6
| 34.30
| 44.25
| 9.95
| 0.44
| Vanha
|
| and
|
|
|
| 57.60
| 63.55
| 5.95
| 0.32
|
|
| and
|
|
|
| 83.00
| 100.70
| 17.70
| 0.23
|
|
| incl.
|
|
|
| 98.30
| 100.70
| 2.40
| 1.01
|
|
| and
|
|
|
| 146.50
| 149.80
| 3.30
| 0.74
|
|
| KS23034
| 193.4
| 208.0
| -60.3
| 59.00
| 63.30
| 4.30
| 8.25
| Vanha
|
| incl.
|
|
|
| 59.00
| 60.00
| 1.00
| 34.20
|
|
| and
|
|
|
| 125.35
| 129.35
| 4.00
| 1.05
|
|
| KS23035
| 212.1
| 227.9
| -60.0
| 74.45
| 100.00
| 25.55
| 0.36
| Vanha
|
| and
|
|
|
| 141.45
| 157.00
| 15.55
| 0.40
|
|
| and
|
|
|
| 162.00
| 168.00
| 6.00
| 1.04
|
|
| incl.
|
|
|
| 166.00
| 167.00
| 1.00
| 3.62
|
|
| KS23036
| 225.9
| 229.5
| -59.9
| 149.65
| 150.65
| 1.00
| 1.45
| Vanha
|
| and
|
|
|
| 204.30
| 211.70
| 7.40
| 0.76
|
|
| incl.
|
|
|
| 208.45
| 210.80
| 2.35
| 1.74
|
|
| KS23037
| 175.1
| 208.6
| -39.3
| 50.50
| 99.95
| 49.45
| 0.40
| Vanha
|
| incl.
|
|
|
| 66.75
| 75.50
| 8.75
| 1.56
|
|
| and incl.
|
|
|
| 71.40
| 73.05
| 1.65
| 7.18
|
|
| KS23038
| 160.0
| 210.3
| -39.4
| 87.05
| 88.35
| 1.30
| 1.44
| Vanha
|
| and
|
|
|
| 116.70
| 123.20
| 6.50
| 1.07
|
|
| incl.
|
|
|
| 122.25
| 123.20
| 0.95
| 3.02
|
|
| KS23039
| 206.0
| 227.0
| -59.6
| 32.30
| 39.30
| 7.00
| 2.27
| Vanha
|
| incl.
|
|
|
| 35.00
| 38.00
| 3.00
| 3.69
|
|
| and
|
|
|
| 115.30
| 122.40
| 7.10
| 0.37
|
|
| incl.
|
|
|
| 120.70
| 121.70
| 1.00
| 1.46
|
|
| KS23040
| 251.1
| 228.1
| -59.3
| 33.35
| 34.45
| 1.10
| 0.90
| Vanha
|
| and
|
|
|
| 56.90
| 58.15
| 1.25
| 1.00
|
|
| KS23041
| 153.7
| 229.5
| -49.7
| 106.00
| 107.30
| 1.30
| 0.45
| Kaares
|
| and
|
|
|
| 137.00
| 137.85
| 0.85
| 63.20
|
|
| KS23042
| 250.5
| 47.8
| -44.9
| 77.00
| 79.00
| 2.00
| 4.21
| Vanha
|
| and
|
|
|
| 83.70
| 85.00
| 1.30
| 0.48
|
|
| and
|
|
|
| 127.00
| 127.80
| 0.80
| 0.69
|
|
| and
|
|
|
| 155.60
| 162.50
| 6.90
| 1.17
|
|
| incl.
|
|
|
| 159.00
| 160.60
| 1.60
| 2.64
|
|
| KS23043
| 151.6
| 228.2
| -38.7
| 74.00
| 76.10
| 2.10
| 1.01
| Kaares
|
| and
|
|
|
| 101.15
| 102.70
| 1.55
| 1.02
|
|
| KS23059
| 151.3
| 229.2
| -48.7
| 94.25
| 95.10
| 0.85
| 0.91
| Kaares
|
| and
|
|
|
| 106.60
| 107.65
| 1.05
| 0.54
|
|
| KS23062
| 187.7
| 208.1
| -39.1
| 159.15
| 160.80
| 1.65
| 4.38
| Vanha
|
| incl.
|
|
|
| 159.15
| 160.00
| 0.85
| 7.60
|
|
| All widths are core widths. True width is not known at this time. All assay values are uncut.
|
| NSV = no significant values, EOH = end of hole
|
|
|
|
|
| Core loss assigned 0 grade
|
|
|
|
|
|
|
| * Results partially or fully released January 27, 2023 and February 21, 2023. Some intervals are different from these releases.
|
Kaaresselkä Prospect
Aurion drilled 13 holes, totaling2,583.9 m, and two previously drilled holes were extended a total of126.30 m, at the Vanha area of the Kaaresselkä Prospect. The holes targeted the potential extensions of the identified mineralized corridor and the potential existence of additional mineralized structures.
All drill holes reported in this press release intersected zones of gold mineralization. The mineralized envelope at Vanha was extended to over500 mstrike length. In addition, gold mineralization was identified100 mnorth of the Vanha main trend.
The gold mineralization is open along strike and at depth and there is potential for the existence of additional gold mineralized zones along the main structure and along the splays branching from the main structure.
The results suggest that the mineralized system at Kaaresselkä is significantly larger than indicated by the historic information that includes a number of drill holes, of which the majority were drilled in a north-south orientation and only tested shallow depths. The recent holes were mainly drilled towards the SW to provide further information on the structural setting.
The gold mineralization at Vanha is mainly hosted by highly deformed and altered (silica, sericite, albite) mafic volcanic and metasedimentary rocks with minor to moderate amounts of fine-grained sulphide minerals including pyrite, pyrrhotite, chalcopyrite, galena, sphalerite and arsenopyrite in varying quantities. The higher-grade intervals are mainly hosted within silicified and brecciated zones with a moderate amount of sulphides. Elevated levels of base metals, including copper, were encountered in several holes.
The geologic setting and the style of mineralization at Kaaresselkä resembles several recent and past discoveries such as Helmi (Aurion-B2Gold JV) and Ikkari (Rupert Resources) as well as the past producing Saattopora mine.
Drill hole descriptions
Drill hole KS22027 is located in the Vanha area and returned several mineralized intervals (see press releases datedJanuary 27andFebruary 21, 2023) such as 2.41 g/t Au over56.55 mfrom95.75 mincluding 17.12 g/t Au, 0.55% Cu and 175 ppm Co over5.90 mfrom95.75 mand 2.13 g/t Au over2.75 mfrom207.80 m. The hole previously ended in mineralization and was deepened from211.90 mto281.00 m. This resulted in a revised mineralized interval of 0.81 g/t Au over14.00 m(core loss6.50 m) from207.80 mincluding 1.10 g/t Au over7.15 m(core loss3.15 m) from207.80 mhosted by altered and deformed mafic volcanic rocks. The reported mineralized intervals, when combined with barren intervals, results in an extended envelope of 0.92 g/t Au over184.45 mfrom37.35 m.
Drill hole KS22029 is located in the Vanha area and was collared approximately50 mwest of KS22027. KS22029 returned several mineralized intervals (see press release datedFebruary 21, 2023) such as 1.22 g/t Au, 0.13% Cu and 171 ppm Co over19.90 mfrom92.50 m, 2.27 g/t Au over11.30 mfrom124.10 mand 0.47 g/t Au over17.00 mfrom185.80 m. The hole previously ended in mineralization and was deepened from202.80 mto260.00 m. The previous interval from185.80 mwas not extended but a new mineralized interval of 0.32 g/t Au over4.00 mfrom208.00 mwas intersected within altered and deformed mafic volcanic rocks.
Drill hole KS23032 is located in the Vanha area and was collared46 meast of KS22027. KS23032 intersected 0.44 g/t Au over9.95 mfrom34.30 m, 0.32 g/t Au over5.95 mfrom57.60 m, 0.23 g/t Au over17.70 mfrom83.00 m, including 1.01 g/t Au over2.40 mfrom98.30 mand 0.74 g/t Au over3.30 mfrom146.50 m. Other samples with elevated gold (=0.1 g/t) were also encountered.
Drill hole KS23034 is located in the Vanha area and was collared53 mwest of KS22029. KS23034 intersected 8.25 g/t Au and 0.16% Cu over4.30 mfrom59.00 m, including 34.20 g/t Au and 0.26% Cu over1.00 mfrom59.00 mand 1.05 g/t Au over4.00 mfrom125.35 m. Other samples with elevated gold (=0.1 g/t) were also encountered.
Drill hole KS23035 is located in the Vanha area and was collared47 mwest of KS23034. KS23035 intersected 0.51 g/t Au over1.40 mfrom53.80 m, 0.36 g/t Au over25.55 mfrom74.45 m, 0.40 g/t Au over15.55 mfrom141.45 mand 1.04 g/t Au over6.00 mfrom162.00 m, including 3.62 g/t Au over1.00 mfrom166.00 m. Other samples with elevated gold (=0.1 g/t) were also encountered.
Drill hole KS23036 is located in the Vanha area and was collared28 mnorthwest of KS23035. KS23036 intersected 1.45 g/t Au and 0.68% Cu over1.00 mfrom149.65 mand 0.76 g/t Au over7.40 mfrom204.30 m, including 1.74 g/t Au over2.35 mfrom208.45 m. Other samples with elevated gold (=0.1 g/t) were also encountered.
Drill hole KS23037 is located in the Vanha area and was collared152 mwest of KS23036. KS23037 intersected a wide mineralized interval of 0.40 g/t Au over49.45 mfrom50.50 m, including 1.56 g/t Au and 0.15% Cu over8.75 mfrom66.75 m, and including 7.18 g/t Au over1.65 mfrom71.40 m.
Drill hole KS23038 is located in the Vanha area and was collared56 mnorthwest of KS23037. KS23038 intersected 1.44 g/t Au over1.30 mfrom87.05 mand 1.07 g/t Au and 0.20% Cu over6.50 mfrom116.70 m, including 3.02 g/t Au and 0.41% Cu over0.95 mfrom122.25 m. Other samples with elevated gold (=0.1 g/t) were also encountered.
Drill hole KS23039 is located in the Vanha area and was collared84 mwest of KS23036. KS23039 intersected 2.27 g/t Au over7.00 mfrom32.30 mincluding 3.69 g/t Au over3.00 mfrom35.00 mand 0.37 g/t Au over7.10 mfrom115.30 m, including 1.46 g/t Au over1.00 mfrom120.70 m. Other samples with elevated gold (=0.1 g/t) were also encountered.
Drill hole KS23040 is located in the Vanha area and was collared91 meast of KS22027. KS23040 intersected 0.90 g/t Au over1.10 mfrom33.35 mand 1.00 g/t Au over1.25 mfrom56.90 malong with some other elevated gold (=0.1 g/t) values.
Scout hole KS23041 is located north of the Vanha area, collared145 mnorth of KS22027, and drilled to the southwest. KS23041 intersected 0.45 g/t Au over1.30 mfrom106.00 mand 63.20 g/t Au over0.85 mfrom137.00 malong with some other elevated gold (=0.1 g/t) values.
Drill hole KS23042 is located in the Vanha area, collared173 msouthwest of KS22029, and drilled as a scissor hole along the same section. KS23042 intersected 4.21 g/t Au over2.00 mfrom77.00 m, 0.48 g/t Au and 0.12% Cu over1.30 mfrom83.70 m, 0.69 g/t Au over0.80 mfrom127.00 mand 1.17 g/t Au over6.90 mfrom155.60 m, including 2.64 g/t Au over1.60 mfrom159.00 m. Other samples with elevated gold (=0.1 g/t) were also encountered.
Scout hole KS23043 was collared north of the Vanha area,126 mwest of KS23041, and drilled to the southwest. The hole targeted gold in base of till anomalies on an interpreted structural feature from geophysical data sets. KS23043 intersected 1.01 g/t Au and 0.11% Cu over2.10 mfrom74.00 mand 1.02 g/t Au and 0.24% Cu over1.55 mfrom101.15 m. Other samples with elevated gold (=0.1 g/t) were also encountered.
Scout hole KS23059 was collared193 mnorth of Vanha,65 mwest of KS23041, and drilled to the southwest. The hole targeted midway between mineralization intersected in holes KS23041 and KS23043 along an interpreted structural feature from geophysical data sets. KS23059 intersected 0.91 g/t Au and 0.13% Cu over0.85 mfrom94.25 mand 0.54 g/t Au and 0.37% Cu over1.05 mfrom106.60 m. Other samples with elevated gold (=0.1 g/t) were also encountered.
Drill hole KS23062 is located in the Vanha area and was collared49 mnorthwest of KS23038. KS23062 intersected 4.38 g/t Au over1.65 mfrom159.15 mincluding 7.60 g/t Au over0.85 mfrom 159.15. Other samples with elevated gold (=0.1 g/t) were also encountered.
Quality Assurance and Quality Control
All drill core samples were delivered to the ALS preparation facility in Sodankylä,Finlandwhere sample preparation work was completed. All analytical work was completed at ALS facilities in Loughrea,IrelandandRosia Montana,Romania. ALS is an internationally accredited lab and is ISO compliant (ISO 9001:2008, ISO/IEC 17025:2005). Samples were analyzed for gold using either the Au-AA26 procedure (50 g fire assay with AAS finish: Lower Detection Limit ("LDL") 0.01 g/t gold; Upper Detection Limit ("UDL") 100 g/t gold) or they were analyzed for gold, platinum and palladium using the PGM-ICP24 procedure (50 g fire assay with ICP-AES finish: LDL 0.001 g/t gold, 0.005 g/t platinum, 0.001 g/t palladium; UDL 10 g/t gold, 10 g/t platinum, 10 g/t palladium) or the PGM-ICP23 procedure (30 g fire assay with ICP-AES finish: LDL 0.001 g/t gold, 0.005 g/t platinum, 0.001 g/t palladium; UDL 10 g/t gold, 10 g/t platinum, 10 g/t palladium). Multi-element analysis (ME-ICP61, four-acid digestion, 35 element ICP-AES) was completed on all samples. Certified standards and blanks were inserted every 10 samples. ALS has its own QA/QC protocol using standards, blanks and duplicates.
This news release has been reviewed byAndrew Hussey, P.Geo., GIS Geologist and Database Manager for Aurion Resources, a Qualified Person as defined by National Instrument 43-101. For more information on these projects please visit our website at www.aurionresources.com.
About Aurion Resources Ltd.
Aurion Resources Ltd. (Aurion) is a well-funded, Canadian exploration company listed on the TSX Venture Exchange (TSX-V: AU) and the OTCQX Best Market (OTCQX: AIRRF). Aurion's strategy is to generate or acquire early-stage precious metals exploration opportunities and advance them through direct exploration by our experienced team or by business partnerships and joint venture arrangements. Aurion's current focus is exploring on its Risti project, as well as advancing its joint venture properties with B2Gold Corp. andKinross GoldinFinland.
On behalf of the Board of Directors,
Matti Talikka, CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Aurion Resources Ltd.
 For further information: Mark Santarossa, Vice President, Corporate Development, Cell: +1 (416) 371-1325, Email: msantarossa@aurionresources.ca |
