- Kaaresselkä – Multiple zones of gold
mineralization, including 17.12 g/t Au over
5.90 m
- Kaares Area – New zone of gold mineralization
- Notches Area – Gold bearing structures identified
ST
JOHNS, NL, Jan. 17, 2023 /CNW/ - Aurion Resources
Ltd. (TSX VENTURE: AU) (OTCQX: AIRRF) ("Aurion" or the
"Company") announces an update on the current drilling
program at its wholly owned Risti property located in the Central
Lapland Greenstone Belt in northern Finland.
Summary
- Kaaresselkä – Multiple zones of gold mineralization in
KS22027, including 17.12 g/t Au over 5.90
m
-
- 1.43 g/t Au over 7.10 m from
37.35 m
- 17.12 g/t Au over 5.90 m from
95.75 m, including 24.36 g/t Au over
4.0 m from 97.65 m
- 2.44 g/t Au over 7.70 m from
142.55 m
- 2.13 g/t Au over 2.75 m from
207.80 m
- Most significant drill hole to date at the prospect
- Kaares Area – New zone of gold mineralization
-
- 1.40 g/t Au over 3.25 m from
79.40 m and 1.86 g/t Au over
3.40 m from 103.65 m (KS22021)
- Approximately 1.5 km NW from the Kaaresselkä prospect
- Follow up on base of till anomaly and interpreted structural
feature from geophysical data
- Notches Area – Gold bearing structures identified
-
- 1.20 g/t Au over 1.95 m from
58.50 m (AM22224)
- 1.55 g/t Au over 1.05 m from
86.80 m (AM22223)
- Gold bearing structures approximately 1 km SE from previously
tested area
Comments
"Drill hole KS22027, returning multiple gold intervals over a
core length of over 210 m, including
17.12 g/t Au over 5.90 m, is the most
significant result to date at the Kaaresselkä prospect. Past work
at the Kaares area indicated that it could be host to a gold
system. These results begin to confirm our suspicion that this
system may be significant." commented Matti
Talikka, Aurion's CEO. "The gold mineralization is hosted
within a corridor of highly deformed and altered mafic volcanic
rocks in a geological setting resembling recent significant
discoveries at Helmi (Aurion-B2Gold JV) and Ikkari (Rupert
Resources)."
Figures associated with this release can be viewed at:
https://aurionresources.com/site/assets/files/1474/nr23_01figures.pdf.
Kaares Area 2022
Scout Drilling Result Summary
|
Hole
ID
|
Azimuth
|
Dip
|
From
(m)
|
To
(m)
|
Width
(m)
|
Au
(g/t)
|
Target
Area
|
Comments
|
KS22021
|
222.8
|
-39.7
|
79.40
|
82.65
|
3.25
|
1.40
|
Kaares
|
|
and
|
|
|
103.65
|
107.05
|
3.40
|
1.86
|
|
|
incl.
|
|
|
105.65
|
106.20
|
0.55
|
8.32
|
|
|
KS22027
|
230.0
|
-60.0
|
37.35
|
44.45
|
7.10
|
1.43
|
Vanha
|
0.46% Cu
|
and
|
|
|
95.75
|
101.65
|
5.90
|
17.12
|
|
0.55% Cu, 0.51% Pb,
0.62% Zn
|
incl.
|
|
|
97.65
|
101.65
|
4.00
|
24.36
|
|
0.75% Cu, 0.68% Pb,
0.84% Zn
|
and
|
|
|
142.55
|
150.25
|
7.70
|
2.44
|
|
0.08% Cu, 0.05% Pb,
0.08% Zn
|
and
|
|
|
207.80
|
210.55
|
2.75
|
2.13
|
|
0.08% Cu
|
|
|
|
|
|
|
|
|
|
Notches 2022 Scout
Drilling Result Summary
|
Hole
ID
|
Azimuth
|
Dip
|
From
(m)
|
To
(m)
|
Width
(m)
|
Au
(g/t)
|
Target
Area
|
Comments
|
AM22223
|
127.8
|
-40.0
|
85.35
|
88.20
|
2.85
|
0.71
|
Notches
|
|
including
|
|
|
86.80
|
87.85
|
1.05
|
1.55
|
|
|
AM22224
|
124.9
|
-39.0
|
58.50
|
60.45
|
1.95
|
1.20
|
Notches
|
|
AM22225
|
128.3
|
-40.9
|
|
|
|
NSV
|
Notches
|
|
AM22226
|
209.5
|
-39.3
|
|
|
|
NSV
|
Notches
|
|
AM22227
|
27.0
|
-39.3
|
|
|
|
NSV
|
Notches
|
|
AM22228
|
202.7
|
-39.1
|
|
|
|
NSV
|
Notches
|
|
AM22229
|
229.4
|
-39.7
|
|
|
|
NSV
|
Notches
|
|
AM22230
|
220.4
|
-39.5
|
|
|
|
NSV
|
Notches
|
|
All widths are core
widths. True width is not known at this time. All assay
values are uncut.
Screen assays have not been received for any of the
samples.
|
Kaares Area, including the
Kaaresselkä Prospect
Three holes, totalling 557.60 m,
were drilled into the Vanha area of the Kaaresselkä Prospect and
seven scout holes, totaling 1,081.60
m, were completed in the greater Kaares area in the southern
part of the Risti property.
The Vanha holes were drilled to test the potential for
extensions and new mineralized zones as well as to support
interpretation of historic exploration data. The recent holes were
drilled towards the SW to provide further information on the
structural setting compared to the historic holes, of which the
majority were drilled in a north-south orientation and only tested
shallow depths.
Drill hole KS22027 is located at the eastern end of Vanha and
partial results returned intervals of 1.43 g/t Au and 0.46% Cu over
7.10 m from 37.35 m, 17.12 g/t Au and 0.55% Cu over
5.90 m from 95.75 m, including 24.36 g/t Au and 0.75% Cu over
4.0 m, 2.44 g/t Au over 7.70 m from 142.55
m and 2.13 g/t Au over 2.75 m
from 207.80 m. In addition, multiple
zones with elevated gold (>0.1 g/t) were encountered. The hole
ended in mineralization. Full results remain pending.
The gold mineralization is mainly hosted by highly deformed and
altered (silica, sericite) mafic volcanic rocks with minor to
moderate amounts of fine-grained sulphide minerals including
pyrite, pyrrhotite, chalcopyrite, galena, sphalerite and
arsenopyrite in varying quantities. The high-grade interval is
within a silicified and brecciated zone with a moderate amount of
sulphides and a few small grains of visible gold. The extent and
orientation of the gold mineralized intervals is not known at this
stage.
The scout holes in the greater Kaares area tested selected
geophysical and geochemical targets.
Drill hole KS22021, located approximately 1.5 km NW of
Kaaresselkä, intersected a new zone of mineralization with 1.40 g/t
Au over 3.25 m from 79.40 m and 1.86 g/t Au over 3.40 m from 103.65
m. The scout hole was designed to test a gold in base of
till anomaly on an interpreted structural feature from geophysical
data sets. The mineralization is hosted by altered and quartz
veined sandstone with pyrite and minor arsenopyrite. The
mineralization is in proximity to highly deformed units of the
stratigraphic sequence.
The high-grade mineralization at Vanha and the discovery of
multiple gold mineralized zones in the greater Kaares area in the
recent scout drilling program demonstrates that the Kaares area has
a high potential to host multiple gold occurrences within highly
deformed and altered sequences of supracrustal rocks in a
geological setting resembling recent significant discoveries such
as Helmi (Aurion-B2Gold JV) and Ikkari (Rupert Resources) (this
press release and press release Nov 28,
2022).
Background on the
Kaaresselkä Prospect
Kaaresselkä is a road
accessible advanced gold prospect located approximately 4 km south
of Aamurusko. It was originally explored as a base metal target and
discovered through a base of till sampling survey by the Geological
Survey of Finland (GTK) in 1987.
Aurion acquired the project from Tertiary Minerals in 2017.
There are 127 historical drill holes (GTK drilled 112 and
Tertiary Minerals drilled 15) totaling 8,900
m including 7 RC drill holes and 120 diamond drill holes.
Aurion drilled 12 holes, totaling 2,400
m, on various targets in 2020. Historical drilling returned
several gold mineralized intervals including 11.90 g/t Au over
4.90 m, 4.90 g/t Au over 8.30 m, 45.3 g/t Au over 1.40 m and 14.96 g/t Au over 2.50 m. The average length of the historic drill
holes is approximately 70 m and thus
drilling has mainly tested shallow levels with only seven previous
holes extending below 100 m depth
from surface at the Vanha area.
Notches Area
A total of 8 scout drill holes, totalling 1,277.40 m, were completed in the greater Notches
area in the eastern part of the Risti property. The scout holes
targeted selected geophysical and geochemical anomalies generated
by Aurion's regional surveys.
Drill holes AM22223, AM22224 and AM22225 are located
approximately 1 km SE from a previously drill tested area at
Notches and targeted an interpreted structural feature. Hole
AM22223 returned an interval of 0.71 g/t Au over 2.85 m from 85.35 m
and AM22224 returned 1.20 g/t Au over 1.95
m from 58.50 m. In addition,
several intervals of elevated gold (>0.1 g/t) were encountered
in all holes. The mineralization is mainly hosted in volcanic
sediments with graphitic interlayers and associated with quartz
veins and presence of minor pyrite.
Drill holes AM22225, AM22226, AM22227, AM22228, AM22229 and
AM22230 were widely spaced (300-500
m) and tested selected geochemical and geophysical features
to the south of previously drill tested areas. The drill holes
intersected supracrustal sequences including sandstone, graphitic
mudstones, mafic volcanic rocks and gabbro intrusions. Multiple
zones with elevated gold values (>0.1 g/t) were encountered in
all drill holes.
Quality Assurance and Quality
Control
All drill core samples were delivered to the 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 is ISO compliant (ISO 9001:2008,
ISO/IEC 17025:2005). Samples were analyzed for gold using either
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) or they were analyzed for gold, platinum and
palladium using the PGM-ICP24 procedure (50 g fire assay with
ICP-AES finish: LDL 0.001 g/t gold, 0.005 g/t platinum, 0.001 g/t
palladium; UDL 10 g/t gold, 10 g/t platinum, 10 g/t palladium) or
the PGM-ICP23 procedure (30 g fire assay with ICP-AES finish: LDL
0.001 g/t gold, 0.005 g/t platinum, 0.001 g/t palladium; UDL 10 g/t
gold, 10 g/t platinum, 10 g/t palladium). Any samples that returned
over-limit values (>100 g/t gold), fire assay values of ≥3 g/t
gold or had visible gold observed were analyzed by Au-SCR24 1kg, Screen Fire Assay Au (0.05-1,000 ppm)
by 1kg screen fire assay (50 g 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 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 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.