TSX-V: AU
ST. JOHN'S, Nov. 11, 2019 /CNW/ - Aurion Resources Ltd.
(TSX VENTURE:AU) ("Aurion" or the "Company") is pleased to
announce that it has received assays from an additional 9 holes
drilled at the Aamurusko Northwest (NW) prospect on its wholly
owned Risti Project in northern Finland. These holes are follow-up to drill
results reported on September 5th and
June 26th, 2019, which included
13.31 grams per tonne ("g/t") Au over 19.54 metres
("m") in drill hole AM19095 and 10.60 g/t Au over
3.40 m in drill hole AM19097.
Highlights:
- Drill hole AM19106 intersected 23.41 g/t Au over
11.10 m
-
- including 51.95 g/t over 4.15
m, which includes 202.00 g/t Au over 0.50 m
- Drill hole AM19109 intersected 6.84 g/t Au over 19.00 m
-
- including 76.03 g/t Au over 1.50
m
- Drill hole AM19105 intersected 16.17 g/t Au over
4.00 m
-
- including 109.00 g/t Au over 0.58
m
- Wide zones of disseminated and stringer mineralization
accompany auriferous quartz veins up to 5.45
m wide
- To date, at Aamurusko NW, twenty-four of twenty-seven drill
holes (89%) intersected gold mineralization and twelve of
twenty-four intersected 15 g/t Au or higher
- Mineralization remains open along strike and to depth at
Aamurusko NW
- Aurion's exploration program is fully funded through
2020
- See table of assays below and click the link to see maps and
sections:
-
-
https://aurionresources.com/site/assets/files/1330/19-13figures.pdf
Comments
"We are very pleased with our continued success at Aamurusko
NW," commented Mike Basha, President
and CEO. "Drilling has demonstrated continuity of the
high-grade mineralized zones and intersecting quartz veins in
excess of 5 m wide speaks to the
robust nature and potential of this gold bearing system. We have
only scratched the surface of this target but believe we have
defined a significant zone of mineralization. We have since moved
the drill rig to Aamurusko Main, where we expect to have similar
success."
Discussion
Aamurusko NW is located 600 to 700
m northwest of the Aamurusko Main target area where several
high-grade intercepts were previously reported, including
789.10 g/t Au over 2.9 m, 42.40 g/t Au over
4.0 m and 24.50 g/t Au over 4.75 m.
Mineralization at Aamurusko NW is defined by multiple zones of
high-grade quartz veins (10 – 250 g/t Au), often with
tourmaline, within a sericitized alteration envelope with highly
anomalous disseminated pyrite (0.1 to 5 g/t Au), as well as
narrow-sheeted and stockwork veinlets.
The NE-SW trending zone has been traced along strike by drilling
for approximately 180 m. The
zone continues from surface to a depth of at least 170 m
vertically and is open at depth and along strike in both
directions.
Assays have been received for 17 drill holes on 6 sections
spaced 20 m apart from 2019 drilling. Assays are pending
for two additional drill holes at Aamurusko NW and drilling is
ongoing at Aamurusko Main and additional targets.
Aurion's exploration program is fully funded through 2020.
Aamurusko NW
Drillhole Highlight Summary Table
|
HOLE_ID
|
Azimuth
|
Dip
|
FROM_m
|
TO_m
|
Width_m
|
Au_ppm
(g/t)
|
Comments
|
AM19102
|
152.6
|
-45.0
|
22.80
|
25.65
|
2.85
|
6.39
|
diss VG within alt
zone with sericite & fuchsite
|
incl
|
|
|
22.80
|
23.65
|
0.85
|
14.55
|
concentrated section
of VG
|
AND
|
|
|
100.63
|
101.85
|
1.22
|
5.48
|
0.65m crack-seal
quartz vein with VG, gal and pyrite
|
incl
|
|
|
100.95
|
101.28
|
0.33
|
18.55
|
VG at lower contact
of crack-seal quartz vein
|
AM19103
|
152.6
|
-60.0
|
102.00
|
104.00
|
2.00
|
2.01
|
diss py adjacent to
1.0m crack-seal quartz-tourm vein
|
AM19104
|
152.6
|
-75.0
|
|
|
|
|
no significant
values
|
AM19105
|
152.3
|
-45.0
|
6.82
|
7.82
|
1.00
|
49.30
|
bleached zone within
polymictic conglomerate
|
AND
|
|
|
53.35
|
67.00
|
13.65
|
1.09
|
ext and crack-seal
quartz veins with VG, tourm and py
|
AND
|
|
|
97.10
|
101.10
|
4.00
|
16.17
|
includes polymetallic
(gal, sph, cpy) qv with VG
|
incl
|
|
|
98.95
|
99.53
|
0.58
|
109.00
|
most abundant VG
within polymetallic quartz veins
|
AM19106
|
196
|
-45.0
|
77.20
|
90.70
|
13.50
|
2.10
|
ext and crack-seal
veins with galena and tourm
|
AND
|
|
|
98.00
|
98.50
|
0.50
|
5.32
|
Deformed
quartz-ankerite-tourmaline-pyrite vein
|
AND
|
|
|
100.90
|
101.70
|
0.80
|
9.60
|
crack-seal quartz
vein with ankerite and pyrite
|
AND
|
|
|
133.00
|
144.10
|
11.10
|
23.41
|
50% qvs (crack-seal
and ext) with gal, py, tourm and VG
|
incl
|
|
|
138.30
|
142.45
|
4.15
|
51.95
|
70% qvs (crack-seal
and ext) with gal, py, tourm and VG
|
incl
|
|
|
139.30
|
139.80
|
0.50
|
202.00
|
abundant VG within
3.45m wide crack-seal vein
|
AND
|
|
|
185.50
|
186.10
|
0.60
|
8.26
|
1.7m wide quartz vein
with pyrite and visible gold
|
AND
|
|
|
194.75
|
195.05
|
0.30
|
5.77
|
VG-bearing
quartz-ankerite-pyrite vein
|
AND
|
|
|
199.70
|
200.00
|
0.30
|
11.45
|
quartz-ankerite
pyrite veins
|
AM19107
|
153
|
-60.0
|
54.82
|
57.15
|
2.33
|
1.74
|
1.45m wide quartz
vein with minor tourmaline
|
AM19108
|
153
|
-47.0
|
115.80
|
121.15
|
5.35
|
3.47
|
40% qvs (crack-seal
and ext) with gal, pyrite and VG
|
incl
|
|
|
115.80
|
116.10
|
0.30
|
35.10
|
abundant VG within
0.24m wide crack-seal vein
|
AM19109
|
105
|
-45.0
|
83.80
|
102.80
|
19.00
|
6.84
|
20% extensional and
crack-seal veins
|
incl
|
|
|
83.80
|
91.10
|
7.30
|
16.36
|
25% ext and
crack-seal veins with pyrite
|
incl
|
|
|
89.20
|
90.70
|
1.50
|
76.03
|
1.5m wide crack-seal
vein with galena and abundant VG
|
AND
|
|
|
105.90
|
106.20
|
0.30
|
7.88
|
crack-seal
quartz-carb-pyrite vein
|
AND
|
|
|
144.12
|
147.15
|
3.03
|
1.17
|
extensional and
crack-seal veins with pyrite
|
AM19110
|
153.3
|
-60.0
|
104.30
|
110.25
|
5.95
|
1.08
|
includes a 5.45m wide
crack-seal qv with VG
|
incl
|
|
|
108.95
|
109.75
|
0.80
|
5.27
|
VG at lower contact
of crack-seal quartz vein
|
All widths are core
widths. True width is not known at this time.
|
All assay values are
uncut.
|
Drill hole AM19102, which is located 80 m southwest of drill hole AM19094, intersected
two zones of mineralization. The uppermost zone intersected 6.39
g/t Au over 2.85 m (including
14.55 g/t Au over 0.85 m) from
22.80 m downhole and the
mineralization consisted of disseminated gold with sericite and
fuchsite alteration. The second zone intersected
5.48 g/t Au over 1.22 m (including
18.55 g/t Au over 0.33
m), from 100.63 m downhole
and approximately 65 m vertically below surface. This
mineralization included a 0.65 m wide
crack-seal textured quartz vein with visible gold ("VG"), galena
and pyrite.
Drill hole AM19103, drilled 20
m below AM19102, intersected a zone of 10% disseminated
pyrite and extensional quartz veining, with VG, adjacent to a
1.00 m wide crack-seal vein with
tourmaline. This zone assayed 2.01 g/t Au over
2.00 m starting at 102.00 m downhole.
Drill hole AM19104, drilled 20 m below AM19103,
intersected a 0.60 m wide crack-seal
textured quartz vein starting at 109.1
m downhole with 2% disseminated pyrite adjacent to the vein.
No significant assays were returned.
Drill hole AM19105, which is a 40
m step out NNE of AM19095, intersected three zones of
mineralization. The first zone assayed 49.3 g/t Au over
1.00 m starting at 6.82 m downhole and is located
within a moderately bleached interval of polymictic conglomerate.
The second zone, which assayed 1.09 g/t Au over 13.65 m starting at 53.35 m, consists of a wide zone of both
extensional and crack-seal quartz veins with VG, tourmaline and up
to 5% pyrite. The third zone of 16.17 g/t Au over
4.00 m (including 109.0 g/t Au
over 0.58 m) started at
97.10 m downhole. The highest grades
from this interval correspond to a 0.4
m wide crack-seal polymetallic quartz vein with up to 20%
galena + sphalerite + chalcopyrite + pyrite as well as coarse VG
within an extensive interval of bleaching and silicification with 2
– 5% disseminated pyrite.
Drill hole AM19106 tested an interpreted fault oblique to
the mineralized trend and intersected several zones of veining over
128 m including 20% extensional and
crack-seal quartz veins from 83.10 – 144.0
m. Galena, pyrite and tourmaline were noted in the
veins. Individual quartz veins were up to 3.45 m wide though the oblique angle of drilling
means the widths are not considered representative. Notable
intersections included 2.10 g/t Au over 13.50 m starting at 77.20 m downhole and 23.41 g/t Au over
11.10 m (including 51.95 g/t
Au over 4.15 m) starting at
133 m downhole. VG was abundant in
this latter interval and the highest-grade sample was 202.00 g/t
Au over 0.50 m.
Drill hole AM19107, which was drilled 60
m below AM19105, intersected 1.74 g/t Au over
2.33 m starting at 54.82 m downhole. This interval includes a
1.45 m wide quartz vein with minor
tourmaline with an alteration envelope of moderate to strong
silicification, bleaching and disseminated pyrite.
Drill hole AM19108, drilled on section 40 m below AM19095, intersected a zone of 40%
quartz veining (crack-seal and extensional) starting at
115.80 m downhole which assayed
3.47 g/t Au over 5.35 m
including 35.10 g/t Au over 0.30
m. Galena, pyrite and VG were noted.
Drill hole AM19109, which was drilled with a more easterly
azimuth from the collar site of AM19098 and AM19099, intersected
multiple mineralized zones. The best zone was an interval of 20%
extensional and crack-seal veins 20 m
vertically below drill hole AM19101. This zone assayed
6.84 g/t Au over 19.0 m
starting at 83.80 m including
16.36 g/t Au over 7.30 m. A
1.5 m wide crack-seal vein within
this interval contained galena and abundant VG and assayed 76.03
g/t Au over 1.5 m.
Drill hole AM19110 was drilled on section approximately
40 m below AM19109. A 5.45 m wide crack-seal vein with VG was
intersected and assayed 1.08 g/t Au over 5.95 m.
A table with all previously released drill results is available
here:
https://aurionresources.com/news/2019/aurion-intersects-10.6-g-t-au-over-3.4-m-at-aamurusko-northwest-second-drill-rig-added/
Summary
To date, eighty-four of ninety-nine (85%) drill holes completed
at Aamurusko (Main and NW) have intersected gold mineralization.
Twenty-eight have intercepts of 15 g/t Au or higher. At
Aamurusko NW alone, twenty-four of twenty-seven (89%) drill holes
intersected gold mineralization and twelve of twenty-seven have
intercepts of 15 g/t Au or higher. Gold mineralization has been
intersected in multiple rock types starting at surface to a depth
of 180 m depth. Mineralization
remains open along strike and at depth at both Aamurusko Main and
NW. The 600 m distance between Main
and NW, and to the east of Main, where numerous high-grade boulders
have been discovered, has been virtually untested. The Aamurusko
boulder field, comprising 1,210 angular boulders that assayed an
average of 25 g/t Au (previously disclosed), is > 1.3 km wide,
indicating there are possibly multiple sources.
Background
The geological setting of the Risti project has many
similarities to prolific gold-rich orogenic gold belts globally,
specifically the Timmins camp of
the Abitibi geological province of Northern Ontario. The Aamurusko zone appears
to be underlain by young unconformable clastic rocks
(meta-sandstones and conglomerates) of the Kumpu Group. These Kumpu
Group conglomerates resemble the Timiskaming conglomerates of the
Timmins and Kirkland Lake area of the Abitibi province and
occur in a similar geo-tectonic setting (both represent the
youngest stratigraphic sequence within their respective belts). The
Kumpu Group and the Timiskaming group were deposited in late
orogenic extensional basins. They form in relation to major
movement along regional faults or deformation zones. In the Abitibi
province, many high-grade, multimillion-ounce gold deposits are
temporally and spatially associated with the Timiskaming
conglomerates (or their equivalents) in close proximity to major
regional deformation (fault) zones such as the
Porcupine-Destor or Cadillac Lake-Larder Lake deformation zones. The
Kumpu Group appears to have been deposited in a similar geological
setting adjacent to the Sirkka shear zone, which is a major
deformation zone in the Central Lapland Greenstone Belt. Strong
alteration including fuchsite, tourmaline, iron carbonate, albite
and quartz veining is observed along the entire length of this
structure.
Quality Assurance and Quality Control
All samples were delivered to ALS preparation facility in
Sodankyla, Finland where sample
preparation work was completed. All analytical work was completed
at ALS facility in Loughrea, Ireland. ALS is an
internationally accredited lab and are ISO compliant (ISO
9001:2008, ISO/IEC 17025:2005). All samples were analyzed for
gold using the Au-AA26 procedure (50g fire assay with AAS finish:
Lower Detection Limit 0.01 g/t gold; Upper Limit – 100 g/t
gold). Any samples that returned over-limit values (>100
g/t gold) or had visual indication of mineralization, such as
visible gold or prospective vein intervals (>100 g/t gold) were
analyzed by Au-SCR24 1kg, Screen Fire
Assay Au (0.05-1,000 ppm) by 1kg screen fire assay (50g nominal
sample weight). The sample pulp (1kg) is passed through a
100-micron stainless steel screen. Any material remaining on the
screen (>100 micron) is retained and analyzed in its entirety by
fire assay with gravimetric finish and reported as the Au (+)
fraction. The material passing through the screen (<100 micron)
is homogenized and two sub-samples are analyzed by fire assay with
AAS finish. The average of the two AAS results is taken and
reported as the Au (-) fraction result. All three values are used
in calculating the combined gold content of the plus and minus
fractions. The gold values for both the (+) 100 and (-) 100 micron
fractions are reported together with the weight of each fraction as
well as the calculated total gold content of the sample.
Multi-element analysis (ME-ICP61, four-acid digestion, 35 element
ICP-AES) was completed on all samples. Certified standards and
blanks were inserted every 20 samples. ALS has its own QA/QC
protocol using standards, blanks and duplicates.
Andrew Hussey, P.Geo., GIS
Geologist and Database Manager, a Qualified Person as defined by
National Instrument 43-101, is responsible for the preparation of
this release.
For more information on these projects please visit our website
at www.aurionresources.com.
Forward-Looking Statement
Certain statements contained in this release constitute
forward-looking information. These statements relate to
future events or future performance. The use of any of the
words "could", "intend", "expect", "believe", "will", "projected",
"estimated" and similar expressions and statements relating to
matters that are not historical facts are intended to identify
forward-looking information and are based on the Companies' current
belief or assumptions as to the outcome and timing of such future
events. Actual future results may differ materially.
The forward-looking information contained in this release is made
as of the date hereof and Aurion is not obligated to update or
revise any forward‑looking information, whether as a result of new
information, future events or otherwise, except as required by
applicable securities laws. Because of the risks, uncertainties and
assumptions contained herein, investors should not place undue
reliance on forward‑looking information. The foregoing statements
expressly qualify any forward‑looking information contained
herein.
About Aurion Resources Ltd.
Aurion Resources Ltd. (Aurion) is a Canadian exploration company
listed on the TSX Venture Exchange (TSX-V:AU). 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 joint venture
arrangements with Kinross Gold Corp., B2 Gold Corp., and Strategic
Resources Inc. in Finland.
On behalf of the Board of Directors,
Michael Basha, Chief Executive
Officer
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.