ST. JOHNS, NL, Oct. 18, 2021 /CNW/ - Aurion Resources
Ltd. (TSXV: AU) (OTCQX: AIRRF) ("Aurion" or the
"Company") announces that B2Gold Corp. (TSX: BTO) has provided
Aurion notice to exercise its option to acquire an additional 19%
interest in the Finland Joint Venture (JV), taking its total
interest to 70%.
The JV covers an area of approximately 331 square kilometres
along the major crustal scale Sirkka Shear
Zone in the Central Lapland Greenstone Belt, and includes a
number of discoveries such as 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). Furthermore, Rupert
Resources' 4 million ounce Ikkari discovery is located immediately
adjacent to the JV property.
B2Gold advises that since the inception of the agreement, dated
January 13, 2016, it has completed
over CAN$15 million in exploration expenditures, paid Aurion
CAN$50,000 in cash and issued 550,000 B2Gold shares.
B2Gold also provided notice of its intention to sole fund all
programs and budgets until completion of a Feasibility Study as
required under the remaining option to acquire an additional 5%
ownership interest, subject to its right to terminate sole funding
at any time.
B2Gold is currently completing a 5,000-metre diamond drill
program on the Kutuvuoma-Ikkari corridor as well as base of till
and trenching programs on a number of targets in the eastern part
of the JV property.
"Aurion highly values the opportunity to work alongside a
company of B2Gold's caliber who has a strong track record in
exploration, development and mining, and we are pleased that our
co-operation continues," commented Matti
Talikka, Aurion's CEO. "The B2Gold team has already made
several discoveries on the JV property and their commitment is a
testament to the world class potential for significant discoveries
within the Central Lapland Greenstone Belt."
About Aurion Resources Ltd.
Aurion Resources Ltd. (Aurion) is a Canadian exploration company
listed on the TSX Venture Exchange (TSXV: 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 arrangement with
B2Gold Corp.
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.