- New gold intercepts at the Helmi Discovery include:
-
- 2.44 g/t Au over 43.45
m
- 1.44 g/t Au over 67.20
m
- 1.46 g/t Au over 39.00
m
- 1.57 g/t Au over 31.85
m
- 2.05 g/t Au over 18.30
m
- Scout drilling intersects high-grade gold mineralization,
39.40 g/t Au over 1.40 m,
900 m northwest of Helmi
- Assays pending for 12 holes
- Summer drilling program commenced
ST.
JOHN'S, Nl, June 13,
2022 /CNW/ - Aurion Resources Ltd. (TSXV: AU)
(OTCQX: AIRRF) ("Aurion" or the "Company") reports
results for 14 holes from the winter 2022 drilling program,
including 9 drilled at the Helmi Discovery and 5 scout holes
testing selected regional targets on the Aurion-B2Gold Corp. (TSX:
BTO) ("B2Gold") Joint Venture (JV) in the Central Lapland
Greenstone Belt in northern Finland.
Summary
- New gold intercepts at the Helmi Discovery include:
-
- 2.44 g/t Au over 43.45 m from
151.95 m (IKK22029)
- 1.44 g/t Au over 67.20 m from
166.00 m (IKK22030)
- 1.46 g/t Au over 39.00 m from
137.50 m (IKK22025)
- 1.57 g/t Au over 31.85 m from
119.00 and 2.05 g/t Au over 18.30 m
from 174.90 m (IKK22024)
- Mineralization extended along strike to the west and up and
down dip
- Scout drilling intersects high-grade gold
mineralization
-
- 39.40 g/t Au over 1.40 m from
64.30 m (KUE22011)
- New zone of gold mineralization located 900 m northwest of the Helmi Discovery
- Assays pending for 12 holes
-
- Winter drilling program, 29 holes totaling 6,552.40 m, targeted the extensions of the Helmi
Discovery along strike and at depth and selected new geophysical
and geochemical targets.
- Summer drilling program commenced
Comments
"We continue to be impressed by the continuity and consistency
of mineralization at Helmi," Commented Matti Talikka, Aurion's CEO.
"Drilling along the 8 km trend, defined from the west by our early
stage Kutuvuoma prospect (11.37 g/t Au over 13.30 m) to the eastern extent of Rupert's Ikkari
Discovery (3.95 Moz Au), continues
to intersect impressive widths and grades. Further north and west
we are also pleased to see evidence of gold-copper mineralization,
which may be represent a separate mineralizing system. The scale of
this opportunity begins to resemble that of globally significant
gold camps and has yet to be fully defined."
Figures associated with this release can be found at the
following link:
https://www.aurionresources.com/site/assets/files/1441/nr22_09figure.pdf.
Winter 2022 drill program at
Helmi
The Helmi Discovery is located approximately 1.3 km west of
Rupert Resources' 3.95-million-ounce Ikkari Discovery, along an
approximately 8 km long sequence of prospective geology along a
domain boundary in the eastern part of the JV property extending
from the Ikkari Discovery to the Kutuvuoma test pit.
The Helmi Discovery was made during the second half of 2021 and
the maiden drilling program of 20 holes, totaling 5,201.5 m, returned a number of significant
intercepts including 1.84 g/t Au over 52.40
m, 1.73 g/t Au over 44.95 m,
1.42 g/t Au over 30.70 m, 1.42 g/t Au
over 30.60 m, 1.46 g/t Au over
28.70 m and 1.11 g/t Au over
45.80 m.
Mineralization at Helmi is hosted by strongly deformed and
altered, quartz-carbonate veined ultramafic rocks and mafic tuffs
with fine grained disseminated and veinlet pyrite and local
disseminated and veinlet magnetite.
The mineralized zones at Helmi are open along strike and at
depth. The Helmi area covers approximately 1.5 km strike length of
the 8 km long structural corridor of which the majority remains
untested.
A total of 29 holes, 6,552.40 m,
were drilled at Helmi and nearby target areas from February to
April 2022. The program was designed
to test the continuity of gold mineralization encountered in the
maiden drill program as well as test additional targets to the
north and northwest of the Helmi Discovery, identified by
geophysics and base of till sampling.
This press release contains results for 9 holes (2,195.80 m) that targeted the Helmi Discovery and
5 scout holes (1,203.60 m) that
tested regional targets.
At Helmi, the mineralization was extended along strike to the
west and up and down dip. Scout drilling intersected a new zone of
high-grade gold mineralization approximately 900 northwest of
Helmi.
Table 1: Aurion-B2Gold JV Drilling Summary
Aurion-B2Gold JV
Drilling Result Summary
|
Hole
ID
|
Azimuth
|
Dip
|
From
(m)
|
To
(m)
|
Width
(m)
|
Au
(g/t)
|
Target Area /
Notes
|
IKK22020
|
159.5
|
-50.0
|
58.00
|
59.25
|
1.25
|
0.98
|
Helmi
|
and
|
|
|
68.00
|
69.00
|
1.00
|
1.50
|
|
and
|
|
|
79.00
|
79.90
|
0.90
|
1.12
|
|
and
|
|
|
84.07
|
85.00
|
0.93
|
2.74
|
|
and
|
|
|
105.27
|
119.00
|
13.73
|
0.72
|
|
IKK22021
|
159.5
|
-50.0
|
365.85
|
371.55
|
5.70
|
1.21
|
Helmi
|
IKK22022
|
159.5
|
-50.0
|
103.00
|
106.45
|
3.45
|
1.22
|
Helmi
|
and
|
|
|
112.05
|
121.70
|
9.65
|
1.42
|
|
and
|
|
|
137.85
|
142.15
|
4.30
|
0.69
|
|
IKK22023
|
159.5
|
-50.0
|
32.85
|
34.25
|
1.40
|
0.94
|
Helmi
|
IKK22024
|
159.5
|
-55.0
|
119.00
|
150.85
|
31.85
|
1.57
|
Helmi
|
and
|
|
|
162.70
|
167.75
|
5.05
|
1.01
|
|
and
|
|
|
174.90
|
193.20
|
18.30
|
2.05
|
|
IKK22025
|
159.5
|
-50.0
|
98.50
|
137.50
|
39.00
|
1.46
|
Helmi
|
IKK22026
|
159.5
|
-50.0
|
149.55
|
150.00
|
0.45
|
45.80
|
Helmi
|
and
|
|
|
155.25
|
156.00
|
0.75
|
1.09
|
|
IKK22029
|
159.5
|
-50.0
|
151.95
|
195.40
|
43.45
|
2.44
|
Helmi
|
incl.
|
|
|
152.40
|
158.90
|
6.50
|
4.19
|
|
IKK22030
|
159.5
|
-50.0
|
166.00
|
233.20
|
67.20
|
1.44
|
Helmi
|
and
|
|
|
239.60
|
241.00
|
1.40
|
1.32
|
|
KUE22010
|
149.5
|
-50.0
|
NSV
|
Scout
|
KUE22011
|
159.5
|
-50.0
|
64.30
|
65.70
|
1.40
|
39.40
|
Scout
|
KUE22012
|
159.5
|
-50.0
|
NSV
|
Scout
|
KUE22015
|
159.5
|
-50.0
|
NSV
|
Scout
|
KUE22016
|
339.5
|
-50.0
|
NSV
|
Scout
|
All widths are core
widths. True width is not known at this time. All assay values are
uncut.
|
NSV - no significant
values
|
|
|
|
|
Drill hole IKK22020 was collared 125
m to the northwest from IKK21010 (1.11 g/t Au over
45.80 m) and was drilled from north
to south. IKK22020 intersected several mineralized intervals
including 0.72 g/t Au over 13.73 m
from 105.27 m.
Drill hole IKK22021 was collared 185
m to the northwest from IKK21011 (0.51 g/t Au over
41.00 m) and was drilled from north
to south. IKK22021 intersected 1.21 g/t Au over 5.70 m from 365.85
m across the contact between altered and veined mafic rocks
and Kumpu Group sediments.
Drill hole IKK22022 was collared 50
m to the northwest from IKK21004 (0.64 g/t Au over
13.45 m and 0.87 g/t Au over
36.32 m) and was drilled from north
to south. IKK22022 intersected several mineralized intervals
including 1.42 g/t Au over 9.65 m
from 112.05 m.
Drill hole IKK22023 was collared 260
m to the northwest from IKK21010 (1.11 g/t Au over
45.80 m) and was drilled from north
to south. IKK22023 did not intersect any significant values within
the altered ultramafic-mafic unit and is interpreted to have
drilled below the mineralized shoot.
Drill hole IKK22024 was collared 60
m to the northwest from IKK21011 (0.51 g/t Au over
41.00 m) and was drilled from north
to south. IKK22024 intersected a wide zone of alteration and
mineralization returning intervals of 1.57 g/t Au over 31.85 m from 119.00
m, 1.01 g/t Au over 5.05 m
from 162.70 m and 2.05 g/t Au over
18.30 m from 174.90 m.
Drill hole IKK22025 was collared 145
m to the west from IKK21013 (3.22 g/t Au over 5.00 m) and was drilled from north to south.
IKK22025 intersected a mineralized zone of 1.46 g/t Au over
39.00 m from 98.50 m. This interval is a significant westward
extension to the previously defined Helmi mineralization.
Drill hole IKK22026 was collared 160
m to the northwest from IKK21009 (1.42 g/t Au over
30.70 m) and was drilled from north
to south. IKK22026 intersected the altered ultramafic-mafic unit
returning intervals of 45.80 g/t Au over 0.45 m from 149.55
m and 1.09 g/t Au over 0.75 m
from 155.25 m.
Drill hole IKK22029 was collared 180
m to the northwest from IKK21003 (1.84 g/t Au over
52.40 m) and was drilled from north
to south. IKK22029 intersected a mineralized zone of 2.44 g/t Au
over 43.45 m from 151.95 m including 4.19 g/t Au over 6.50 m from 152.40
m.
Drill hole IKK22030 was collared 215
m to the northwest from IKK21010 (1.11 g/t Au over
45.80 m) and was drilled from north
to south. IKK22030 intersected a mineralized zone of 1.44 g/t Au
over 67.20 m from 166.00 m.
Scout drill hole KUE22010 was collared approximately
780 m to the west-northwest of the
Helmi Discovery and was drilled from north to south. KUE22010
intersected a mineralized zone with 0.56% Cu over 15.00 m from 139.60
m which also includes several elevated (>0.10 g/t Au)
values.
Scout drill hole KUE22011 was collared approximately
900 m to the northwest of the Helmi
Discovery and was drilled from north to south. KUE22011 intersected
a mineralized interval of 39.40 g/t Au over 1.40 m from 64.30
m. This interval, along with other elevated (>0.10 g/t
Au) values, lies within a zone of 0.34% Cu over 12.35 m from 59.65
m.
Scout drill hole KUE22012 was collared approximately
1,300 m to the northwest of the Helmi
Discovery and was drilled from north to south. KUE22012 did not
intersect significant mineralization.
Scout drill hole KUE22015 was collared approximately
1,300 m to the northwest of the Helmi
Discovery and was drilled from north to south. KUE22015 did not
intersect significant mineralization.
Scout drill hole KUE22016 was collared approximately
1,200 m to the west-northwest of the
Helmi Discovery and was drilled from south to north. KUE22016
intersected a mineralized zone with 0.23% Cu over 6.00 m from 155.00
m which also includes several elevated (>0.10 g/t) values
to 0.35 g/t Au.
Background
The Joint Venture (30% Aurion/70% B2Gold) covers approximately
331 km2 along the major crustal scale Sirkka Shear Zone in the Central Lapland
Greenstone Belt and includes a number of discoveries such as Helmi
(2.05 g/t Au over 77.50 m), Kutuvuoma
(16.47 g/t Au over 11.0 m),
Soretiavuoma (48 g/t Au over 1.1 m),
Sinermä (0.54 g/t Au over 40.2 m),
Kiekerömaa (5.8 g/t Au over 5.0 m)
and Kettukuusikko (4.33 g/t Au over 20.4
m).
B2Gold is the operator of the Joint Venture. The preliminary
budget for 2022 is approximately CAN$10 million and includes
approximately 12,000 m of drilling.
The JV will also continue to perform geophysical surveys and base
of till sampling programs that have been successfully used to
generate drill targets.
Quality Assurance and Quality
Control
All samples were delivered to ALS preparation facility in
Sodankylä, Finland where sample
preparation work was completed. Analytical work for these samples
was completed at ALS facilities in Loughrea, Co. Galway, Ireland and Rosia Montana, Romania. ALS is an internationally accredited
lab and are ISO compliant (ISO 9001:2008, ISO/IEC 17025:2017).
Samples were analyzed for gold using 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). B2Gold has an
internal QA/QC program involving the insertion of certified
standards and blanks into the sample stream. ALS has its own QA/QC
protocol using standards, blanks and duplicates.
This news release has been reviewed by Andrew 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 Flagship
Risti and Launi projects, as well as advancing its joint venture
properties with B2Gold and Kinross
in Finland.
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.