- New gold intercepts at the Helmi Discovery include:
-
- 2.05 g/t Au over 77.50 m,
including 4.18 g/t Au over 24.55
m
- 1.42 g/t Au over 15.90 m,
including 2.13 g/t Au over 6.35
m
- 29 holes have been drilled at Helmi and nearby targets in
2022, assays pending for 26 holes
ST.
JOHN'S, NL, May 4, 2022
/CNW/ - Aurion Resources Ltd. (TSXV: AU) (OTCQX: AIRRF)
("Aurion" or the "Company") reports results for the
first three (3) holes from the winter 2022 drilling program at the
Helmi Discovery on the Aurion-B2Gold Corp. (TSX: BTO) ("B2Gold")
Joint Venture (JV) in the Central Lapland Greenstone Belt in
northern Finland.
Summary
- Further gold intercepts at the Helmi Discovery
-
- 2.05 g/t Au over 77.50 m from
41.70 m (IKK22018), including
-
- 4.18 g/t Au over 24.55 m from
81.90 m.
- 1.42 g/t Au over 15.90 m from
175.50 m (IKK22019), including
-
- 2.13 g/t Au over 6.35 m from
175.50 m.
- 29 holes (6,549.70 m) drilled
at Helmi and nearby targets during the 2022 winter drilling
program, assays for 26 holes pending.
-
- Drilling program targeted the extensions of the Helmi Discovery
along strike and at depth and selected new geophysical and
geochemical targets.
Comments
"Higher grades and longer intervals returned from early drilling
provide further evidence that Helmi may be a significant
discovery," commented Matti Talikka,
Aurion's CEO. "With winter conditions the JV was able to drill
Helmi from preferred orientations. We look forward to the results
from the remaining 26 out of 29 holes. The current winter program
will be followed by summer and fall programs informed by data from
this and earlier work."
Figures associated with this release can be found at the
following link:
https://aurionresources.com/site/assets/files/1435/nr22-06figures.pdf.
Winter 2022 drill program at
Helmi
A total of 29 holes, 6,549.70 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, completed in the second half of 2021, as well
as test additional targets to the north and northwest of the Helmi
Discovery, identified by geophysics and base of till sampling.
Two of the first three holes returned broad and consistent zones
of gold mineralization, starting close to surface. Highlight
intercepts from the first three holes include 2.05 g/t Au over
77.50 m from 41.70 m down hole, including 4.18 g/t Au over
24.55 m in hole IKK22018, and 1.42
g/t Au over 15.90 m starting at
175.50 m down hole, including 2.13
g/t Au over 6.35 m in hole
IKK22019.
The Helmi Discovery is located approximately 1.3 km west of
Rupert Resources' 3.95-million-ounce Ikkari Discovery, along the
Kutuvuoma-Ikkari structural corridor, which is 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, 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. 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.
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
|
IKK22017
|
159.5
|
-50.0
|
NSV
|
Helmi
|
IKK22018
|
159.5
|
-50.0
|
26.00
|
27.10
|
1.10
|
1.21
|
Helmi
|
and
|
|
|
28.40
|
30.70
|
2.30
|
0.53
|
|
and
|
|
|
41.70
|
119.20
|
77.50
|
2.05
|
|
incl.
|
|
|
81.90
|
106.45
|
24.55
|
4.18
|
|
IKK22019
|
159.5
|
-50.0
|
175.50
|
191.40
|
15.90
|
1.42
|
Helmi
|
incl.
|
|
|
175.50
|
181.85
|
6.35
|
2.13
|
|
All widths are core
widths. True width is not known at this time. All assay
values are uncut.
|
NSV - no significant
values
|
|
|
|
|
|
Drill hole IKK22017 was collared 425
m to the east along strike from IKK22018 to test the
intersection of two interpreted structures and eastward
continuation of favorable stratigraphy. The hole encountered
elevated values (> 0.10 g/t Au) up to 0.58 g/t Au over
1.36 m from 25.94 m.
Drill hole IKK22018 was collared 70
m to the northwest from IKK21002 and was drilled from north
to south. IKK22018 intersected mineralized zones of 1.21 g/t Au
over 1.10 m from 26.00 m, 0.53 g/t Au over 2.30 m from 28.40
m, and 2.05 g/t Au over 77.50
m starting at 41.70 m,
including 4.18 g/t Au over 24.55 m
from 81.90 m. The mineralization is
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.
Drill hole IKK22019 was collared 130
m to the northwest from IKK21002 and was drilled from north
to south. IKK22019 intersected a mineralized zone of 1.42 g/t Au
over 15.90 m from 175.50 m, including 2.13 g/t Au over 6.35 m from 175.50
m. The mineralization is hosted by strongly deformed and
altered, quartz-carbonate veined ultramafic rocks with fine grained
disseminated and veinlet pyrite and local disseminated and veinlet
magnetite.
Drill holes IKK22018 (2.05 g/t Au over 77.50 m) and IKK22019 (1.42 g/t Au over
15.90 m) are scissor holes to
IKK21002 (1.42 g/t Au over 30.60 m)
and IKK21006 (1.73 g/t Au over 44.95
m). Early information indicates a continuous mineralized
zone from surface to at least 120 m
vertical depth along this profile and the structural observations
suggest the possibility of a westerly plunge of the mineralized
envelope.
Background
The Joint Venture (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).
The preliminary budget for 2022 is approximately CAN$10 million
and includes approximately 12,000 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.
Change in Registered & Records
Office
The Company has changed its Registered and Records Office to 130
Saddlehorn Drive, Kaleden, British
Columbia.
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.