- New gold intercepts along 1 km strike length of the
structural corridor west of Helmi include:
-
- 1.78 g/t Au over 15.10
m
- 52.50 g/t Au over 0.55
m
- 10/11 holes intersected gold mineralization
- Half of 11,000 m drilling
program completed
ST.
JOHN'S, NL, Nov. 7, 2022
/CNW/ - Aurion Resources Ltd. (TSXV: AU) (OTCQX: AIRRF)
("Aurion" or the "Company") reports results for eleven
holes from the summer-fall 2022 drilling program 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 along 1 km strike length of the
structural corridor west of Helmi
-
- 1.78 g/t Au over 15.10 m from
103.65 m (IKK22040)
- 52.50 g/t Au over 0.55 m from
91.80 m (KUE22023)
- 10/11 holes intersected gold mineralization along 1 km strike
length of the structural corridor
- Half of 11,000 m drilling
program completed
-
- Approximately 11,000 m of
drilling planned for the second half of 2022
- Drilling planned to test the extent of the mineralized trend at
Helmi and regional targets
Comments
"The mineralized system at Helmi is expanding towards the west.
Recent step out drill holes returned several gold intercepts along
approximately 1 km strike length to the west of the Helmi Main
zone. Gold mineralized intervals have now been intersected along 2
km strike length of the structural corridor that extends 8 km
between the Helmi and Kutuvuoma occurrences." Commented Aurion's
CEO, Matti Talikka. "We expect
further results from the ongoing 11,000
m drilling program, of which half has been completed, to be
available later this year and early next year."
Figures associated with this release can be found at the
following link:
https://aurionresources.com/site/assets/files/1456/nr22-15figures.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 2 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, 0.82 g/t Au over
108.10 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 and along the prospective structural corridor, has been
intersected along a strike length of 2 km 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 eleven holes
(4,281.40 m) that targeted the Helmi
Discovery and the structural corridor to the west. Gold
mineralization was intersected in 10 out of 11 holes in the western
part of Helmi and along a 1 km strike length of the structural
corridor.
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
|
IKK22039
|
339.5
|
-56.0
|
86.60
|
88.00
|
1.40
|
1.67
|
Helmi
|
and
|
|
|
322.80
|
343.80
|
21.00
|
0.53
|
|
IKK22040
|
339.5
|
-50.0
|
103.65
|
118.75
|
15.10
|
1.78
|
Helmi Trend
|
incl.
|
|
|
113.05
|
117.50
|
4.45
|
4.78
|
|
IKK22041
|
339.5
|
-55.0
|
258.50
|
275.40
|
16.90
|
0.28
|
Helmi Trend
|
IKK22042
|
159.5
|
-55.0
|
227.00
|
227.90
|
0.90
|
1.31
|
Helmi
|
and
|
|
|
319.97
|
325.40
|
5.43
|
0.49
|
|
and
|
|
|
335.80
|
343.00
|
7.20
|
0.41
|
|
and
|
|
|
361.68
|
382.00
|
20.32
|
0.56
|
|
KUE22020
|
159.5
|
-50.0
|
62.80
|
63.80
|
1.00
|
1.31
|
Helmi Trend
|
KUE22021
|
339.5
|
-50.0
|
178.80
|
189.85
|
11.05
|
0.59
|
Scout hole
|
KUE22022
|
339.5
|
-50.0
|
263.80
|
269.25
|
5.45
|
0.79
|
Scout hole
|
and
|
|
|
276.65
|
278.50
|
1.85
|
0.99
|
|
and
|
|
|
305.45
|
305.85
|
0.40
|
17.60
|
|
and
|
|
|
315.80
|
317.40
|
1.60
|
1.47
|
|
KUE22023
|
339.5
|
-50.0
|
91.80
|
92.35
|
0.55
|
52.50
|
Scout hole
|
and
|
|
|
147.60
|
149.85
|
2.25
|
2.07
|
|
and
|
|
|
162.45
|
163.35
|
0.90
|
2.77
|
|
and
|
|
|
230.60
|
231.85
|
1.25
|
7.24
|
|
and
|
|
|
305.60
|
311.00
|
5.40
|
1.59
|
|
KUE22024
|
339.5
|
-50.0
|
72.80
|
76.90
|
4.10
|
3.61
|
Scout hole
|
incl.
|
|
|
72.80
|
73.30
|
0.50
|
11.10
|
|
incl.
|
|
|
75.80
|
76.20
|
0.40
|
17.75
|
|
and
|
|
|
276.70
|
280.45
|
3.75
|
0.67
|
|
and
|
|
|
375.90
|
381.80
|
5.90
|
0.45
|
|
and
|
|
|
392.90
|
394.45
|
1.55
|
0.94
|
|
KUE22025
|
339.5
|
-50.0
|
51.40
|
69.40
|
18.00
|
0.50
|
Helmi Trend
|
incl.
|
|
|
54.20
|
59.20
|
5.00
|
1.11
|
|
KUE22026
|
339.5
|
-50.0
|
NSV
|
Scout hole
|
All widths are core
widths. True width is not known at this time. All assay
values are uncut.
|
NSV - no
significant values
|
|
|
|
|
|
Drill hole IKK22039 was collared in the western part of Helmi,
300 m to the south from IKK22035
(0.51 g/t Au over 2.30 m) and was
drilled from south to north. IKK22039 intersected 1.67 g/t Au over
1.40 m from 86.60 m and a mineralized interval of 0.53 g/t Au
over 21.00 m from 322.80 m, potentially representing the periphery
of one of the interpreted mineralized lenses.
Drill hole IKK22040 was collared on the Helmi Trend,
145 m to the south from IKK22031
(0.98 g/t Au over 12.10 m) and was
drilled from south to north. IKK22040 intersected 1.78 g/t Au over
15.10 m from 103.65 m including 4.78 g/t Au over 4.45 m, approximately 95
m to the west from the mineralization intersected in hole
IKK22031. The mineralization is hosted in brecciated volcanics
close to the contact with younger sedimentary rocks.
Drill hole IKK22041 was collared on the Helmi Trend,
165 m to the south from IKK22040, as
an undercut hole and was drilled from south to north. IKK22041
intersected 0.28 g/t Au over 16.90 m
from 258.50 m extending the
mineralization intersected in hole IKK22040 by 145 m down-dip along the volcanic-sediment
contact.
Drill hole IKK22042 was collared in the western part of Helmi,
55 m to the north from IKK22034 (1.46
g/t Au over 33.00 m and 2.11 g/t Au
over 21.70 m) and was drilled from
north to south. IKK22042 intersected four mineralized intervals of
1.31 g/t Au over 0.90 m from
227.00 m, 0.49 g/t Au over
5.43 m from 319.97 m, 0.41 g/t Au over 7.20 m from 335.80
m and a wide mineralized interval of 0.56 g/t Au over
20.32 m from 361.68 m. Strong alteration observed over wide
intervals suggests proximity to mineralized lenses.
Drill hole KUE22020 was collared on the Helmi Trend,
175 m to the north from KUE21008
(0.71 g/t Au over 36.00 m) and was
drilled from north to south. KUE22020 intersected 1.31 g/t Au over
1.00 m from 62.80 m.
Drill hole KUE22021 was collared on the Helmi Trend,
90 m to the south from KUE21009 (1.00
g/t Au over 4.24 m) and was drilled
from south to north. KUE22021 intersected 0.59 g/t Au over
11.05 m from 178.80 m in brecciated volcanic rocks close to
the volcanic-sediment contact.
Drill hole KUE22022 was collared along the structural corridor
180 m to the west from KUE21009 (1.00
g/t Au over 4.24 m) and was drilled
from south to north. KUE22022 intersected four mafic to ultramafic
hosted mineralized intervals of 0.79 g/t Au over 5.45 m from 263.80
m, 0.99 g/t Au over 1.85 m
from 276.65 m, 17.60 g/t Au over
0.40 m from 305.45 m and 1.47 g/t Au over 1.60 m from 315.80
m.
Drill hole KUE22023 was collared along the structural corridor,
70 m to the south from KUE20005 (2.21
g/t Au over 1.40 m) and was drilled
from south to north. KUE22023 intersected five mineralized
intervals of 52.50 g/t Au over 0.55 m
from 91.80 m, 2.07 g/t Au over
2.25 m from 147.60 m, 2.77 g/t Au over 0.90 m from 162.45
m, 7.24 g/t Au over 1.25 m
from 230.60 m and 1.59 g/t Au over
5.40 m from 305.60 m.
Drill hole KUE22024 was collared along the structural corridor,
335 m to the west from KUE21009 (1.00
g/t Au over 4.24 m) and was drilled
from south to north. KUE22024 intersected four mineralized
intervals of 3.61 g/t Au over 4.10 m
from 72.80 m (including 11.10 g/t Au
over 0.50 m and 17.75 g/t Au over
0.40 m), 0.67 g/t Au over
3.75 m from 276.70 m, 0.45 g/t Au over 5.90 m from 375.90
m and 0.94 g/t Au over 1.55 m
from 392.90 m.
Drill hole KUE22025 was collared on the Helmi Trend,
70 m to the west from IKK22040, and
was drilled from south to north. KUE22025 intersected a
volcanic-sediment hosted mineralized interval of 0.50 g/t Au over
18.00 m from 51.40 m including 1.11 g/t Au over 5.00 m from 54.20
m.
Drill hole KUE22026 was collared along the structural corridor,
550 m to the west from KUE22024, and
was drilled from south to north. The majority of KUE22026 remained
in younger sediments and intersected anomalous gold (>0.1 g/t
Au).
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 fully
owned Risti and Launi projects, as well as advancing joint venture
properties with B2Gold and Kinross
in northern 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.