TSX-V: AU
ST. JOHN'S, Dec. 9, 2019 /CNW/ - Aurion Resources Ltd.
(TSX VENTURE:AU) ("Aurion" or the "Company") is pleased to
announce that it has received assays from 2 holes drilled at the
Aamurusko Main prospect on its wholly owned Risti Project in
northern Finland. These holes are
follow-up to drill results reported on September 19th, 2018 and February 15th, 2019, which included
789 grams per tonne ("g/t") Au over 2.90 metres
("m") in drill hole AM18042, 42.28 g/t Au over
4.0 m in drill hole AM19082 and 24.50 g/t Au over
4.75 m in drill hole
AM19081.
Highlights:
- Drill hole AM19114 intersected 22.63 g/t Au over 3.53 m
from 44.47 m
-
- Including 52.3 g/t Au over 1.4
m
- Drill hole AM19113 intersected 18.47 g/t Au over
2.76 m from 43.94 m
-
- Including 93.7 g/t Au over 0.51 m
- Mineralization at Aamurusko Main extended up-dip and
continuity indicated over 155 m
depth
- To date, at Aamurusko Main, nine of twenty-eight
drill holes intersected visible gold mineralization and eleven
of twenty-eight drill holes intersected 10 g/t Au
or higher
- Mineralization remains open in multiple directions at
Aamurusko Main and much of the prospective strike extent between
Aamurusko Main and Aamurusko Northwest remains untested
- Drilling is ongoing at both Aamurusko and Launi
- Aurion is fully funded for exploration through 2020
- See table of assays below and click the link to see maps and
sections:
-
-
https://aurionresources.com/news/2019/aurion-drills-high-grade-near-surface-intercepts-extending-mineralization-up-dip-at-aamurusko-main-including-22.63-g-t-au-over/
Comments
"We are very happy with the follow-up results at Aamurusko
Main," says David Lotan, Chairman of
Aurion. "The high-grade intercepts in AM19113 and AM19114
demonstrate up-dip continuity of previously drilled quartz veins
and more importantly shows continuity of the mineralized structure
along the Aamurusko Main Contact Zone."
Discussion
Aamurusko Main is located 600 to 700
m southeast of the Aamurusko NW target area where several
high-grade drill intercepts were previously reported, including
13.31 g/t Au over 19.54 m, 23.41 g/t Au over
11.10 m and 6.84 g/t Au over 19.00 m.
The 2019 drill program at Aamurusko Main was designed as a
follow-up to the successful drill program from 2018. The
drill program in 2018 targeted a faulted east-west trending
gabbro-sediment contact now called the Aamurusko Main Contact Zone
(MCZ). AM19113 and AM19114 were the first drill holes at Aamurusko
Main since the last drill program ended there in February 2019.
Structural analysis of oriented core measurements has indicated
that there are multiple orientations of the auriferous quartz veins
at Aamurusko Main. Holes AM19113 and AM19114 were drilled to test
for a northeast orientation, as found at Aamurusko Northwest.
AM19113 and AM19114 intersected significant widths of quartz veins
(core lengths of 3.44 m and
3.53 m respectively) with multiple
points of visible gold at the MCZ. Both of these quartz vein
intercepts exhibit crack-seal textures which are typical for
high-grade veins at Aamurusko. Other previously drilled crack-seal
textured quartz veins in the MCZ which carried lower amounts of
gold can be explained by high variability in the gold distribution
(nugget effect).
Aamurusko Main
Contact Zone (MCZ) Drillhole Summary Table
|
Drill
Hole
|
Azimuth
|
Dip
|
From
(m)
|
To
(m)
|
Width
(m)
|
Au
g/t
|
Comments
|
|
|
|
|
|
|
|
|
AM19113
|
100.6
|
-45.6
|
43.94
|
46.7
|
2.76
|
18.47
|
quartz vein
intercept is 3.44 m wide (43.94 to 47.38). Lower contact sample is
not included
|
including
|
|
|
43.94
|
44.45
|
0.51
|
93.7
|
high
concentrations of VG along crack-seal textures in vein near upper
contact
|
|
|
|
|
|
|
|
|
AM19114
|
100.6
|
-78.7
|
44.47
|
48
|
3.53
|
22.63
|
quartz vein
intercept is 3.53 m wide
|
including
|
|
|
45.5
|
46.9
|
1.4
|
52.3
|
high
concentrations of VG with minor galena along crack-seal textures in
vein
|
All widths are core
widths. True width is not known at this time.
|
All assay values are
uncut
|
AM19113: A 3.44 m wide (core length) near
surface massive quartz vein was intercepted in the MCZ from
43.94 m to 47.38 m in AM19113 only 25
m vertically below surface. This quartz vein has 62
occurrences of visible gold along with fine tourmaline needles and
assayed 18.47 g/t Au over 2.76 m from 43.94 m (the sample at the lower contact was low
grade and not included in the composite). The highest- grade
interval was 93.7 g/t Au over 0.51 m. The distance
between the quartz vein intercept in AM19113 and the deepest
intercept (17.06 g/t Au over 1.80
m in AM19075) along the gabbro-sediment contact is
130 m. The total distance along the
plane of MCZ mineralization from surface to AM19075 is 155 m. Additional intervals in AM19113 included
4.91 g/t over 0.51 m at 32.59 m and 1.33 g/t over 0.74 m at 39.65 m
from gold-bearing quartz veins in the sediments.
AM19114: A 3.53 m wide (core length) near
surface massive quartz vein was intercepted in the MCZ from
44.47 m to 48.00 m in AM19114, 45
m vertically below surface. This quartz vein has a base
metal signature including 0.5% galena with minor amounts of
chalcopyrite and sphalerite and assayed 22.63 g/t Au over
3.53 m from 44.47 – 48.00 (the entire quartz vein).
Visible gold was noted eighty-six (86) times in the 3.53 m interval. The highest- grade interval was
52.3 g/t Au over 1.40
m. A crack-seal quartz vein which assayed 1.76 g/t
Au over 0.56 m at 42.24 m just above the zone was not included in
the composite. Previous drilling on this section intersected
thick quartz veining at the gabbro-sediment contact in holes
AM19091 (5.83 m wide quartz vein) and
AM17020 (3.15 m wide quartz vein at
contact plus a 7.1 m wide quartz vein
immediately downhole). The total distance along the plane of MCZ
mineralization from surface to AM17020 is 122 m.
Summary
Gold mineralization has been intersected in multiple rock types
starting at surface to a depth of 180
m. 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 quartz boulders that assayed an average of 25 g/t Au
(previously disclosed), is > 1.3 km wide, indicating there are
possibly multiple bedrock sources.
Aurion's exploration program is fully funded through 2020.
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
Sodankylä, Finland where sample
preparation work was completed. All analytical work was completed
at ALS facilities in Loughrea, Ireland and Rosia
Montana, Romania. 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
indications of mineralization, such as visible gold or prospective
vein intervals 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.
This news release has been reviewed and approved 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.
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,
David Lotan, Chairman
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.