- New gold intercepts at the Helmi Discovery include:
-
- 1.46 g/t Au over 33.00
m
- 2.11 g/t Au over 21.70
m
- 1.40 g/t Au over 9.75
m
- 2.82 g/t Au over 4.80
m
- Scout drilling intersects new zones of gold mineralization
west-northwest of Helmi, including 5.70 g/t Au over 2.00 m and 1.64 g/t Au over 5.20 m
- $3.5 million increase to JV
Exploration budget for 2022, total budget $13.5 million
- Summer drilling program ongoing
ST.
JOHN'S, NL, July 28,
2022 /CNW/ - Aurion Resources Ltd.
(TSX VENTURE: AU) (OTCQX: AIRRF) ("Aurion" or the
"Company") reports results for the final 12 holes from the
winter 2022 drilling program, including 6 drilled at the Helmi
Discovery and 6 scout holes testing selected regional targets on
the Aurion-B2Gold Corp. (TSX: BTO) ("B2Gold") Joint Venture ("JV"),
operated by B2Gold, in the Central Lapland Greenstone Belt in
northern Finland.
Summary
- New gold intercepts at the Helmi Discovery include:
-
- 1.46 g/t Au over 33.00 m from
175.00 m and 2.11 g/t Au over
21.70 m from 216.00 m (IKK22034)
- 1.40 g/t Au over 9.75 m from
147.25 m and 2.82 g/t Au over
4.80 m from 184.35 m (IKK22033)
- Mineralization extended along strike to the west and up and
down dip
- Significant gold mineralization encountered in mafic-ultramafic
and sedimentary rocks across the domain boundary
- Scout drilling intersects new zones of gold
mineralization
-
- 5.70 g/t Au over 2.00 m from
20.10 m (KUE22017)
- 1.64 g/t Au over 5.20 m from
192.80 m (KUE22013)
- New zones of gold mineralization located 950 to 1,250 m west-northwest of the Helmi
Discovery
- $3.5 million increase to JV
Exploration budget for 2022, total budget $13.5 million
-
- A total of 17,000 m of drilling
(inclusive 6,552.40 m drilled)
planned for 2022
- Summer drilling program ongoing
Comments
"The winter drilling program was highly successful with gold
mineralization intersected in 17 out of 18 holes drilled along the
Helmi structural trend and in 5 out of 11 scout holes testing
regional targets. These results extended the mineralized envelopes
at Helmi and identified several new zones of gold mineralization
approximately 1 km west-northwest of Helmi." Commented Matti Talikka, Aurion's CEO. "In addition,
recently intersected sediment hosted gold mineralization with
significant width and grade may represent a new and important
dimension to the already impressive discovery at Helmi. Considering
the scale of the opportunity, the JV has increased the exploration
budget for 2022 to CAN$13.5 million including 17,000 m of drilling. The ongoing summer drilling
program will aim to further extend the mineralized footprint at
Helmi as well as continue to test regional targets along the highly
prospective 8 km long structural trend."
Figures associated with this release can be found at the
following link:
https://aurionresources.com/site/assets/files/1444/aunr22-10figures.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, which 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 mainly 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. Gold mineralization has also
been encountered in sedimentary rocks across the domain
boundary.
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. The winter drilling program
returned a number of intercepts of wide and consistent gold
mineralization including 2.05 g/t Au over 77.50 m, 2.44 g/t over 43.45 m, 1.46 g/t Au over 39.00 m, 1.45 g/t over 35.50 m, 2.05 g/t over 18.30m, and 1.42 g/t over 15.90 m.
This press release contains results for 6 holes (1,265.10 m) that targeted the Helmi Discovery and
6 scout holes (1,346.00 m) that
tested regional targets.
At Helmi, the mineralization was extended along strike to the
west and up and down dip. Scout drilling intersected new zones of
gold mineralization approximately 950 to 1,250 m west-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
|
IKK22027
|
159.5
|
-50.0
|
51.00
|
56.00
|
5.00
|
0.59
|
Helmi
|
IKK22028
|
159.5
|
-50.0
|
NSV
|
Scout
|
IKK22031
|
159.5
|
-55.0
|
160.50
|
172.60
|
12.10
|
0.98
|
Helmi
|
and
|
|
|
203.10
|
216.70
|
13.60
|
0.45
|
|
IKK22032
|
159.5
|
-50.0
|
44.00
|
44.80
|
0.80
|
1.07
|
Helmi
|
and
|
|
|
64.30
|
65.25
|
0.95
|
1.50
|
|
and
|
|
|
69.50
|
73.10
|
3.60
|
1.05
|
|
and
|
|
|
87.80
|
89.00
|
1.20
|
1.10
|
|
and
|
|
|
104.90
|
109.73
|
4.83
|
1.06
|
|
and
|
|
|
134.10
|
135.55
|
1.45
|
2.87
|
|
IKK22033
|
159.5
|
-60.0
|
147.25
|
157.00
|
9.75
|
1.40
|
Helmi
|
and
|
|
|
176.30
|
176.70
|
0.40
|
3.10
|
|
and
|
|
|
184.35
|
189.15
|
4.80
|
2.82
|
|
incl.
|
|
|
184.35
|
184.80
|
0.45
|
10.60
|
|
and
|
|
|
194.70
|
197.55
|
2.85
|
1.49
|
|
IKK22034
|
159.5
|
-50.0
|
175.00
|
208.00
|
33.00
|
1.46
|
Helmi
|
incl.
|
|
|
195.15
|
208.00
|
12.85
|
3.19
|
|
incl.
|
|
|
206.95
|
208.00
|
1.05
|
23.20
|
|
and
|
|
|
216.00
|
237.70
|
21.70
|
2.11
|
|
incl.
|
|
|
226.00
|
227.65
|
1.65
|
11.49
|
|
IKK22035
|
159.5
|
-55.0
|
166.65
|
167.10
|
0.45
|
1.15
|
Helmi
|
and
|
|
|
174.80
|
177.10
|
2.30
|
0.51
|
|
KUE22013
|
159.5
|
-50.0
|
192.80
|
198.00
|
5.20
|
1.64
|
Scout
|
incl.
|
|
|
194.15
|
195.55
|
1.40
|
4.90
|
|
and
|
|
|
219.65
|
221.30
|
1.65
|
2.16
|
|
and
|
|
|
244.35
|
248.30
|
3.95
|
1.10
|
|
KUE22014
|
210.0
|
-50.0
|
48.35
|
49.25
|
0.90
|
1.35
|
Scout
|
and
|
|
|
139.00
|
139.50
|
0.50
|
2.77
|
|
and
|
|
|
173.40
|
174.50
|
1.10
|
2.03
|
|
KUE22017
|
159.5
|
-50.0
|
20.10
|
22.10
|
2.00
|
5.70
|
Scout
|
incl.
|
|
|
20.10
|
21.50
|
1.40
|
7.93
|
|
KUE22018
|
340.0
|
-50.0
|
NSV
|
Scout
|
KUE22019
|
189.5
|
-50.0
|
120.75
|
122.35
|
1.60
|
0.85
|
Scout
|
and
|
|
|
213.00
|
215.80
|
2.80
|
2.48
|
|
incl.
|
|
|
214.40
|
215.80
|
1.40
|
3.67
|
|
All widths are core
widths. True width is not known at this time. All assay
values are uncut.
|
|
|
NSV - no significant
values
|
|
|
|
|
|
|
Drill hole IKK22027 was collared at the eastern end of Helmi,
110 m to the north from IKK21014
(1.78 g/t Au over 10.85 m) and was
drilled from north to south. IKK22027 intersected a mineralized
interval of 0.59 g/t Au over 5.00 m
from 51.00 m.
Scout drill hole IKK22028 was collared 420 m to the northwest of Helmi and was drilled
from north to south. IKK22028 did not intersect significant gold
mineralization.
Drill hole IKK22031 was collared 80
m to the west from IKK22025 (1.46 g/t Au over 39.00 m) and was drilled from north to south.
IKK22031 intersected two wide mineralized intervals of 0.98 g/t Au
over 12.10 m from 160.50 m and 0.45 g/t Au over 13.60 m from 203.10
m. These intervals are westward extensions to the previously
defined Helmi mineralization.
Drill hole IKK22032 was collared 70
m to the east from IKK22025 (1.46 g/t Au over 39.00 m) and was drilled from north to south.
IKK22032 intersected six mineralized intervals of ≥1 g/t Au between
44.00 and 135.55 m with a high of
1.06 g/t Au over 4.83 m from
104.90 m.
Drill hole IKK22033 was collared 170
m to the north from IKK21012 (0.45 g/t Au over 11.65 m) as a scissor hole and was drilled from
north to south. Similar to IKK21012, IKK22033 intersected several
mineralized intervals including 1.40 g/t Au over 9.75 m from 147.25
m and 2.82 g/t Au over 4.80 m
from 184.35 m including 10.60 g/t Au
over 0.45 m.
Drill hole IKK22034 was collared 60
m to the north from IKK22025 (1.46 g/t Au over 39.00 m) as an undercut hole and was drilled from
north to south. IKK22034 intersected two significant mineralized
intervals of 1.46 g/t Au over 33.00 m
from 175.00 m including 3.19 g/t Au
over 12.85 m and 2.11 g/t Au over
21.70 m from 216.00 m including 11.49 g/t Au over 1.65 m. These intervals are approximately
65 m down-dip extensions to the
mineralization intersected in IKK22025. Notably, the lower
mineralized zone occurs across the contact between ultramafic rocks
and Kumpu Group sediments with significant mineralization hosted in
the sediments.
Drill hole IKK22035 was collared 70
m to the north from IKK21013 (3.22 g/t Au over 5.00 m) as a scissor hole and was drilled from
north to south. Similar to IKK21013, IKK22035 intersected two
mineralized intervals including 1.15 g/t Au over 0.45 m from 166.65
m and 0.51 g/t Au over 2.30 m
from 174.80 m.
Scout drill hole KUE22013 was collared approximately
1,080 m to the northwest of the Helmi
Discovery and was drilled from north to south. KUE22013 intersected
three mineralized intervals, 1.64 g/t Au over 5.20 m from 192.80
m including 4.90 g/t Au over 1.40
m, 2.16 g/t Au over 1.65 m
from 219.65 m and 1.10 g/t Au over
3.95 m from 244.35 m.
Scout drill hole KUE22014 was collared approximately
1,130 m to the west-northwest of the
Helmi Discovery and was drilled to the southwest. KUE22014
intersected three mineralized intervals, 1.35 g/t Au over
0.90 m from 48.35 m, 2.77 g/t Au over 0.50 m from 139.00
m and 2.03 g/t Au over 1.10 m
from 173.40 m.
Scout drill hole KUE22017 was collared from the same site as
KUE22014 and drilled from north to south. KUE22017 intersected a
mineralized interval of 5.70 g/t Au over 2.00 m from 20.10 m
including 7.93 g/t Au over 1.40
m.
Scout drill hole KUE22018 was collared approximately
1,220 m to the northwest of the Helmi
Discovery and was drilled from south to north. KUE22018 did not
intersect significant mineralization.
Scout drill hole KUE22019 was collared approximately
1,260 m to the west-northwest of the
Helmi Discovery and was drilled from north to south. KUE22019
intersected two mineralized intervals, 0.85 g/t Au over
1.60 m from 120.75 m and 2.48 g/t Au over 2.80 m from 213.00
m including 3.67 g/t Au over 1.40
m.
Background
The JV (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 JV. The expanded budget for 2022
is approximately CAN$13.5 million (from CAN$10.0 million) and
includes approximately 17,000 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.