The Prospector News

Aurion Regional Scout Drilling Intersects Four New Gold Occurrences on Wholly Owned Risti

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Aurion Regional Scout Drilling Intersects Four New Gold Occurrences on Wholly Owned Risti

 

 

 

 

 

  • Kaares Area – Gold intersected along the E-W structural trend 1.8 km W and 800 m E of the Vanha prospect
    • 3.63 g/t Au over 3.20 m from 41.30 m (KS23068)
    • 2.17 g/t Au over 1.60 m from 148.35 m (KS23030)
  • Kaares Area – Gold intersected along NW trending structures (splays from the E-W structural trend)
    • 4.67 g/t Au over 1.75 m from 103.15 m (KS23057)
  • Risti Northwest – Gold mineralization and favorable host rocks intersected 1 km SE of the Ikkari Discovery (Rupert Resources) and 13 km from Kaares
  • Risti North – New deformation zone and favorable host rocks with elevated gold 9 km from Kaares
  • Numerous gold and pathfinder anomalies from base of till sampling program

 

Aurion Resources Ltd. (TSX-V: AU) (OTCQX: AIRRF) announces results from the scout drilling and base of till sampling programs at its wholly owned Risti property located in the Central Lapland Greenstone Belt in northern Finland.

 

Summary

  • Kaares Area – Gold intersected along the E-W structural trend 1.8 km W and 800 m E of the Vanha prospect
    • 3.63 g/t Au over 3.20 m from 41.30 m (KS23068), 1.8 km east of the Vanha prospect
    • 2.17 g/t Au over 1.60 m from 148.35 m (KS23030), 800 m west of the Vanha prospect
    • Further evidence of gold mineralization along the mainly unexplored structural trend interpreted to extend over 15 km within the Risti property and further into the Aurion-B2Gold JV area which hosts the recent Vuoma discovery
  • Kaares Area – Gold intersected along NW trending structures (splays from the E-W structural trend)
    • 4.67 g/t Au over 1.75 m from 103.15 m (KS23057), 1.2 km north of the Vanha prospect
    • 1.92 g/t Au over 1.40 m from 96.90 m (KS23046), 650 m northwest of the Vanha prospect
  • Risti Northwest – Gold mineralization and favorable host rocks intersected 1 km SE of the Ikkari Discovery (Rupert Resources) and 13 km from Kaares
    • 1.09 g/t Au over 2.00 m from 213.85 m (HE23010)
    • Gold mineralization hosted by deformed and altered mafic-ultramafic and sedimentary rocks
  • Risti North – New deformation zone and favorable host rocks with elevated gold 9 km from Kaares
    • Hole HE23011 intersected intervals of deformed and altered mafic-ultramafic rocks with elevated gold
  • Numerous gold and pathfinder anomalies from base of till sampling program
    • 20+ geochemical and/or geophysical targets to be tested

 

Comments

 

“Aurion’s exploration program in till covered areas, now in its third year, is demonstrating the significant discovery potential at Risti, yielding the rapidly growing Kaares discovery and multiple new gold intersections over a broad expanse.” commented Matti Talikka, CEO of Aurion.” Following the discovery, under cover, of the 4+ Moz Ikkari deposit by Rupert Resources, Aurion commenced exploration on the covered areas of Risti. This program has now graduated from base of till sampling and geophysical surveys to drill testing. We believe that shareholder value is best achieved by new discoveries and look forward to delivering more results from this ongoing program.”

 

Link to Figures: https://aurionresources.com/site/assets/files/1519/nr23-21figures.pdf

 

Risti Scout Drilling Summary
Hole ID EOH (m) Azimuth Dip From (m) To (m) Width (m) Au (g/t) Target Area Comments
KS23030 166.70 209.8 -38.9 148.35 149.95 1.60 2.17 Kaares
and 151.55 152.80 1.25 0.28
KS23031 135.20 209.5 -39.2 94.70 96.70 2.00 0.10 Kaares
KS23033 207.60 268.5 -44.6 95.50 99.50 4.00 Kaares 0.21 g/t Pd+Pt
KS23044 151.20 224.9 -49.8 66.95 70.45 3.50 0.92 Kaares
and 84.25 85.20 0.95 4.19
and 104.75 105.75 1.00 0.86
KS23045 151.70 254.9 -49.7 69.00 71.10 2.10 0.57 Kaares 0.35% Cu
and 80.00 88.00 8.00 0.60
including 81.00 82.00 1.00 2.93
and 137.00 138.20 1.20 0.35 0.22% Cu
KS23046 153.20 248.9 -40.1 96.90 98.30 1.40 1.92 Kaares
and 130.30 131.55 1.25 0.30
KS23047 166.00 225.4 -44.5 5.35 9.00 3.65 1.02 Kaares
and 13.45 16.50 3.05 0.47
and 25.50 27.00 1.50 0.53
and 154.45 155.70 1.25 0.80
KS23048 157.20 108.9 -38.3 109.15 110.00 0.85 0.27 Kaares 4.20% Cu
KS23049 117.90 224.3 -38.5 91.00 92.70 1.70 3.48 Kaares 0.3 m of core loss
including 91.00 91.50 0.50 11.20
and 103.70 105.20 1.50 0.67
KS23050 100.20 218.5 -39.6 NSV Kaares
KS23051 151.60 222.8 -39.5 37.60 38.60 1.00 0.39 Kaares
and 50.90 51.55 0.65 0.36 0.72% Cu
KS23052 100.00 225.1 -39.4 NSV Kaares
KS23053 103.90 223.6 -39.5 NSV Kaares
KS23054 304.80 225.9 -38.9 211.60 212.65 1.05 5.02 Kaares
and 284.55 285.60 1.05 0.54
KS23055 109.80 225.0 -39.4 41.10 42.80 1.70 0.17 Kaares
KS23056 100.60 179.3 -38.8 NSV Kaares
KS23057 115.40 223.0 -38.6 103.15 104.90 1.75 4.67 Kaares
including 104.15 104.90 0.75 10.60
KS23058 101.00 231.2 -39.2 NSV Kaares
KS23060 100.60 228.3 -38.9 NSV Kaares
KS23061 142.50 129.9 -39.7 NSV Kaares
KS23063 121.90 221.0 -39.2 NSV Kaares
KS23064 112.30 217.9 -38.5 NSV Kaares
KS23065 133.70 222.1 -37.5 NSV Kaares
KS23066 103.10 223.7 -38.8 NSV Kaares
KS23067 102.90 223.0 -39.5 72.70 73.70 1.00 0.15 Kaares
KS23068 106.80 224.2 -39.5 41.30 44.50 3.20 3.63 Kaares 0.1 m of core loss
including 42.70 43.90 1.20 7.98
SM23002 202.20 223.6 -39.0 NSV Kaares
HE23003 259.80 334.8 -45.0 37.20 37.75 0.55 0.13 Risti NW
HE23004 100.40 359.1 -39.6 NSV Risti NW
HE23005 70.70 357.8 -38.6 NSV Risti SW
HE23006 101.00 179.1 -39.5 35.70 40.00 4.30 Risti SW 0.74 g/t Pd+Pt
HE23007 106.90 136.4 -39.1 NSV Risti SW
HE23008 97.50 159.3 -39.1 NSV Risti SW
HE23009 74.20 21.8 -40.0 NSV Risti SW
HE23010 251.10 161.3 -39.7 154.95 156.55 1.60 0.25 Risti NW
and 213.85 215.85 2.00 1.09
HE23011 238.10 328.7 -44.1 188.00 189.55 1.55 0.17 Risti N
and 217.00 219.00 2.00 0.12
All widths are core widths.  True width is not known at this time. All assay values are uncut.
NSV = no significant values, EOH = end of hole

 

 

Scout Drill Program

 

36 scout holes, totaling 4,781.60 m, were drilled at several targets within the wholly owned (182 km2) Risti property (Figures 1 & 2). The targets were drilled to test anomalies identified from geochemical and geophysical surveys.

 

Gold and favourable host rocks were encountered in all target areas with 19 out of 36 scout holes intersecting precious or base metal mineralization. Copper and PGE mineralization was encountered at two target areas in the southern part of the Risti property.

 

Kaares Area

 

Scout drilling targeted:

  • Extensions of the east-west structural trend hosting the Vanha prospect
  • Northwest trending structures, representing potential splays from the east-west structural trend
  • Selected geochemical and geophysical anomalies

 

Gold mineralization was intersected approximately 1.8 km west and 800 m east of the Vanha prospect extending the strike length of the prospective E-W trend to 2.6 km (previously 1.1 km) (Figure 3).

  • 3.63 g/t Au over 3.20 m from 41.30 m (KS23068) and 3.48 g/t Au over 1.70 m from 91.00 m (KS23049), 1.8 km west of the Vanha prospect
  • 2.17 g/t Au over 1.60 m from 148.35 m (KS23030), 800 m east of the Vanha prospect
  • Further evidence of gold mineralization along the mainly unexplored structural trend interpreted to extend over 15 km within the Risti property and further into the Aurion-B2Gold JV area which hosts the recent Vuoma discovery.

 

Gold mineralization was also encountered along the NW trending structures to the north and northwest of the Vanha prospect.

  • 4.67 g/t Au over 1.75 m from 103.15 m (KS23057), 1.2 km north of the Vanha prospect
  • 1.92 g/t Au over 1.40 m from 96.90 m (KS23046), 650 m northwest of the Vanha prospect.
  • 0.57 g/t Au over 2.10 m from 69.00 m, 0.60 g/t Au over 8.00 m from 80.00 m including 2.93 g/t Au over 1.00 m from 81.00 m (KS23045), 550 m northwest of the Vanha prospect.
  • 5.02 g/t Au over 1.05 m from 211.60 m (KS23054), 1.8 km northwest of the Vanha prospect.

 

An individual hole testing a copper in till anomaly, 700 m southwest of the Vanha prospect, returned 4.20% Cu and 0.27 g/t Au over 0.85 m from 109.15 m (KS23048).

 

The gold mineralization at the Kaares area is mainly hosted by highly deformed and altered (silica, sericite, albite) mafic volcanic and metasedimentary rocks with minor to moderate amounts of fine-grained sulphide minerals including pyrite, pyrrhotite, chalcopyrite, galena, sphalerite and arsenopyrite in varying quantities. The higher-grade intervals are mainly hosted within silicified and brecciated zones with a moderate amount of sulphides. Elevated levels of base metals, including copper, have been encountered in several holes.

 

Risti North Area

 

Four holes were drilled in the northern part of the Risti property with an aim to test the potential continuation into the Risti property of the prospective trend that hosts the Helmi (Aurion-B2Gold JV) and Ikkari (Rupert Resources) discoveries.

 

Hole HE23010 is located in the NW corner of the Risti property, approximately 1 km southeast of the Ikkari (4.39 Moz Au) discovery. The nearest previous Aurion drill hole is located 4.8 km to the south. The hole targeted a geophysical feature and intersected contact zones between deformed and altered mafic-ultramafic rocks and a younger sedimentary domain. Elevated gold was encountered at the sheared contact (0.25 g/t Au over 1.60 m from 154.95 m) and in the sedimentary rocks (1.09 g/t Au over 2.00 m from 213.85 m). Hole HE23003, drilled 300 m east of HE23010, intersected deformed and altered units of siltstone and clastic sediments which returned local elevated gold values (≥0.1 g/t).

 

Hole HE23011 is located in the northern part of the Risti property (7.5 km east of HE23010 and 7 km northeast of Aamurusko). The nearest previous Aurion drill hole is located 3.6 km to the southeast. The hole targeted a geochemical anomaly and geophysical feature, and intersected a contact zone between deformed and altered mafic-ultramafic rocks and a younger sedimentary domain. Intervals with elevated gold (≥0.1 g/t) were encountered within the highly deformed and altered ultramafic rocks.

 

These results indicate that the favourable structural trend and lithologies that host the recent significant discoveries (Helmi and Ikkari) may extend to the northern part of the Risti property.

 

Risti Southwest Area

 

Five scout holes were drilled in the southwestern part of the Risti property testing selected geochemical and geophysical targets. No significant gold mineralization was encountered. HE23006 intersected mafic intrusive rocks which returned 0.74 g/t Pd+Pt over 4.30 m from 35.70 m. Several target areas remain untested in the southwest part of the Risti property.

 

Base of till sampling program

 

A total of 713 till samples have been collected in 2023 within the Risti property (Figure 4). Till sampling has returned a number of gold and pathfinder anomalies that warrant follow up activities. Many of the geochemical anomalies coincide with structural features interpreted from the geophysical data sets. The majority of the anomalies remain untested with 20+ targets identified for follow up testing.

 

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 17025:2017). 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). Multi-element analysis (ME-ICP61, four-acid digestion, 35 element ICP-AES) was completed on all samples. Certified standards and blanks were inserted every 10 samples. ALS has its own QA/QC protocol using standards, blanks and duplicates.

 

All till samples were initially delivered to the ALS preparation facility in Sodankylä, Finland from where they were shipped to the ALS preparation facility in Outokumpu, Finland where sample preparation work was completed. All analytical work was completed at the ALS facility in Loughrea, Ireland. ALS is an internationally accredited lab and is ISO compliant (ISO 9001:2008, ISO/IEC 17025:2017). Samples 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). Multi-element analysis (ME-MS61, four-acid digestion, 48 element ICP-MS) was completed on all samples. Certified standards were inserted every 25 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. is a well-funded, Canadian exploration company listed on the TSX Venture Exchange and the OTCQX Best Market. 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 project, as well as advancing its joint venture properties with B2Gold and Kinross in Finland.

 

Posted November 13, 2023

Share this news article

MORE or "UNCATEGORIZED"


FIRST QUANTUM ANNOUNCES CLOSING OF $1,150 MILLION BOUGHT DEAL OFFERING, CLOSING OF $1,600 MILLION SENIOR SECURED SECOND LIEN NOTES OFFERING AND UPDATE ON COMPREHENSIVE REFINANCING

First Quantum Minerals Ltd. (TSX: FM) announced that it has compl... READ MORE

February 29, 2024

VIZSLA SILVER ANNOUNCES CLOSING OF $34.5 MILLION BOUGHT DEAL FINANCING

Vizsla Silver Corp. (TSX-V: VZLA) (NYSE: VZLA) (Frankfurt: 0G3)... READ MORE

February 29, 2024

New Found Makes New Discovery With 35 g/t Au Over 17m Including 1,910 g/t Au Over 0.3m at “Vegas Zone”

New Found Gold Corp.  (TSX-V: NFG, NYSE-A: NFGC) is pleased to a... READ MORE

February 29, 2024

Treasury Metals Announces Results from Drilling on Far East Target at the Goliath Gold Complex

Highlights: Continuity of near surface, Goliath-style alteration ... READ MORE

February 29, 2024

Guanajuato Silver Increases Size of Gold Loan Credit Facility to US$13.3M

Guanajuato Silver Company Ltd. (TSX–V:GSVR) (OTCQX:GSVRF) i... READ MORE

February 29, 2024

Copyright 2024 The Prospector News