- New gold intercepts at the Helmi Discovery include:
-
- 0.82 g/t Au over 108.10
m
- 1.10 g/t Au over 35.20
m
- 1.29 g/t Au over 22.15
m
- Gold mineralization extended to at least 500 m depth from surface
- 11,000 m drilling program
ongoing
ST.
JOHN'S, NL, Sept. 12,
2022 /CNW/ - Aurion Resources Ltd. (TSXV:
AU) (OTCQX: AIRRF) ("Aurion" or the "Company") reports
results for the first three holes from the summer-fall 2022
drilling program at the Helmi Discovery 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:
-
- 0.82 g/t Au over 108.10 m from
286.30 m, including 1.55 g/t Au over
16.00 m (IKK22038)
- 1.10 g/t Au over 35.20 m from
495.10 m (IKK22038)
- 1.29 g/t Au over 22.15 m from
258.75 m (IKK22036)
- Mineralization extends to at least 500 m depth from surface
-
- The mineralization remains open along strike and at depth
- 11,000 m drilling program
ongoing
-
- Approximately 11,000 m of
drilling planned for second half of 2022
- Drilling ongoing with two rigs; one focusing on the Helmi area
and one testing regional targets
Comments
"The scale of the mineralized system at Helmi is expanding
favorably. Gold mineralization has now been intersected along a
strike length of over 1.3 km and at least to 500 m depth from surface." Commented Aurion's
CEO, Matti Talikka. "The current
11,000 m drilling program is
progressing well, with two drill rigs turning on the JV property,
targeting the Helmi Discovery and regional targets identified from
the geophysical and geochemical surveys."
Figures associated with this release can be found at the
following link:
https://aurionresources.com/site/assets/files/1452/nr22-13figures.pdf
Helmi Discovery
The Helmi Discovery is located approximately 1.3 km west of
Rupert Resources' 3.95-million-ounce Ikkari Discovery. The Helmi
area covers approximately 1.5 km strike length of the 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
drilling has returned a number of significant intercepts including
2.05 g/t Au over 77.50 m, 1.84 g/t Au
over 52.40 m, 2.44 g/t Au over
43.45 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
39.00 m, 1.46 g/t Au over
28.70 m , 1.45 g/t Au over
35.50 m, 1.11 g/t Au over
45.80 m and 2.05 g/t Au over
18.30 m. Gold mineralization at Helmi
has been intersected over 1 km strike length and the mineralized
zones remain open along strike and at depth.
Mineralization at Helmi is mainly hosted by strongly deformed
and biotite-chlorite+/-magnetite-altered,
quartz-carbonate-magnetite veined ultramafic rocks and mafic tuffs
with fine grained veinlet and disseminated pyrite. Gold
mineralization has also been encountered in sedimentary rocks
across the domain boundary.
Summer-fall 2022 drill
program
The summer-fall drill program is a follow-up to the successful
winter-spring drill program at Helmi. The approximately
11,000 m program, commenced in June,
is designed to further test the strike and depth extensions of the
mineralized zones at Helmi and regional targets identified from the
geophysical and geochemical surveys.
This press release contains results for three holes
(1,460.30 m) that targeted the Helmi
Discovery. The drill results returned the widest interval of gold
mineralization to date at Helmi and extended the mineralized
envelope to at least 500 m depth from
surface.
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
|
IKK22036
|
159.5
|
-65.0
|
258.75
|
280.90
|
22.15
|
1.29
|
Helmi
|
and
|
|
|
288.20
|
291.70
|
3.50
|
1.09
|
|
and
|
|
|
317.90
|
327.55
|
9.65
|
0.74
|
|
and
|
|
|
337.40
|
339.55
|
2.15
|
3.95
|
|
IKK22037
|
159.5
|
-70.0
|
NSV
|
Helmi
|
IKK22038
|
159.5
|
-65.0
|
185.10
|
186.35
|
1.25
|
3.22
|
Helmi
|
and
|
|
|
286.30
|
394.40
|
108.10
|
0.82
|
|
incl.
|
|
|
344.60
|
360.60
|
16.00
|
1.55
|
|
and
|
|
|
414.85
|
448.60
|
33.75
|
0.50
|
|
and
|
|
|
456.65
|
465.00
|
8.35
|
1.03
|
|
and
|
|
|
495.10
|
530.30
|
35.20
|
1.10
|
|
incl.
|
|
|
505.70
|
512.55
|
6.85
|
2.00
|
|
incl.
|
|
|
518.30
|
520.85
|
2.55
|
3.03
|
|
and
|
|
|
542.75
|
550.90
|
8.15
|
0.45
|
|
and
|
|
|
579.75
|
580.20
|
0.45
|
1.32
|
|
|
|
|
All widths are core
widths.True width is not known at this time. All assay values are
uncut.
|
|
NSV - no significant
values
|
|
|
Drill hole IKK22036 was collared in the eastern part of Helmi,
90 m to the north from IKK21005 (1.33
g/t Au over 9.15 m) and was drilled
from north to south. IKK22036 intersected four mineralized
intervals, 1.29 g/t Au over 22.15 m
from 258.75 m, 1.09 g/t Au over
3.50 m from 288.20 m, 0.74 g/t Au over 9.65 m from 317.90
m and 3.95 g/t Au over 2.15 m
from 337.40 m.
Drill hole IKK22037 was collared from the same site as IKK22036
and was drilled from north to south as an undercut hole to
IKK22036. IKK22037 did not intersect significant
mineralization.
Drill hole IKK22038 was collared in the eastern part of Helmi,
90 m to the north from IKK22032 (1.06
g/t Au over 4.83 m) and was drilled
from north to south. IKK22038 intersected numerous mineralized
intervals with the widest interval returning 0.82 g/t Au over
108.10 m from 286.30 m including 1.55 g/t Au over 16.00 m from 344.60
m. The second widest interval returned 1.10 g/t Au over
35.20 m from 495.10 m including 2.00 g/t Au over 6.85 m from 505.70
m and 3.03 g/t Au over 2.55 m
from 518.30 m. Gold mineralization is
hosted by mafic-ultramafic and sedimentary rocks. Notably, the bulk
of the mineralization lies within a broader zone which assays 0.63
g/t Au over 264.60 m from
286.30 m. The interpretation of
the geological information suggests that the drill hole has
intersected the periphery of a steeply south-dipping mineralized
lens with true width ranging from 30 to 55
m. This hole extended the mineralization to a depth of at
least 500 m from surface and
600 m down plunge along an
interpreted mineralized envelope.
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.