TSX-V: AU
ST. JOHN'S, April 22, 2020 /CNW/ - Aurion Resources Ltd.
(TSX VENTURE: AU) ("Aurion" or the "Company") is pleased to
report it has received assays from 16 drill holes completed at the
Aamurusko prospect on its wholly owned Risti Project in northern
Finland. These holes tested
multiple targets including depth extensions in the Northwest (NW)
zone and immediately to the southeast in the 600 m gap between the NW Zone and the Main Zone.
Drilling intersected multiple high-grade intercepts that appear to
identify new zones of mineralization to the southeast and north of
NW, expanding the mineralized footprint at Aamurusko, as well as
extending mineralization at NW to 300 metres (m) depth.
Highlights:
- Aamurusko Northwest Depth Extension – Drill hole AM20127
intersected multiple gold intervals, including 5.79 g/t Au over
2.95 m and 2.58 g/t Au over
1.70 m within a wider zone
averaging 1.21 g/t Au over 24.75 m
from 358.25 m and 2.39 g/t Au
over 3.70 m from 288.00
m. This appears to extend known mineralization at
the NW zone to 300 m vertically below
surface and 60 m down-plunge to the
north where it remains open.
- The 600 m Gap between Aamurusko
NW and Main Zones – Four drillholes spaced 50 to 300 m southeast of Aamurusko NW all intersected
new shallow zones of gold mineralization. They appear to be locally
associated with a widespread quartz stockwork outcropping at
surface and/or steep fault structures.
-
- Drill hole AM19117, intersected 37.30 g/t Au over
0.35 m within a wider zone of 4.64
g/t Au over 3.10 m from 19.25 m and 1.55 g/t Au over 3.45 m including 9.21 g/t Au over 0.35 m.
- Drill hole AM19118 intersected 0.55 g/t Au over 8.65 m from 63.25
m.
- Drill hole AM19119 intersected 18.40 g/t Au over
0.55 m from 100.95 m within a wider zone of 1.69 g/t Au over
7.75 m from 96.05 m and 3.16 g/t Au over 1.15 m from 61.00
m.
- Drill hole AM20128 intersected 1.51 g/t Au over 3.35 m from 35.85
m.
- Approximately 200 m north of
Aamurusko NW – Drill hole AM20127 intersected shallow gold
mineralization below a north-south trending quartz boulder train
including 1.51 g/t Au over 2.00 m
from 57.00 m and 1.02 g/t Au over
3.60 m from 126.80 m.
- Mineralization remains open in multiple directions at
all targets
- Exploration activities are on-going with one rig turning at our
wholly owned Launi East Property located approximately 10
kilometres southeast of Aamurusko.
- Aurion is fully funded for 2020
- See table of assays below and click the link to see maps and
sections:
-
-
https://aurionresources.com/site/assets/files/1347/nr20-04figures.pdf
Comments
"Our contention has been that the previously untested,
600 m gap between the Aamurusko NW
and Main Zones could host additional zones of mineralization. The
results presented herein of multiple intersections of both
high-grade veins and broader zones of lower grade stockwork or
disseminated mineralization suggest confirmation. The drilling also
intersected gold 200 m north of
Aamurusko NW beneath an interpreted structure with extensive quartz
veining. Furthermore, the drilling has demonstrated mineralization
occurs at depth" says Mike Basha,
Aurion's President. "The potential scale of mineralization at
Aamurusko has been impactfully increased by these results."
Aamurusko
Drillhole Summary Table
|
HOLE_ID
|
Azimuth
|
Dip
|
FROM_m
|
TO_m
|
Width_m
|
Au_ppm
(g/t)
|
Comments
|
AM19111
|
153.3
|
-75.6
|
160.98
|
161.45
|
0.47
|
1.12
|
Aamurusko
Northwest
|
|
|
|
|
|
|
|
|
AM19112
|
152.1
|
-45.3
|
45.90
|
46.90
|
1.00
|
2.93
|
Aamurusko
Northwest
|
AND
|
|
|
73.70
|
74.15
|
0.45
|
1.67
|
|
|
|
|
|
|
|
|
|
AM19115
|
135.5
|
-43.7
|
60.30
|
63.30
|
3.00
|
0.50
|
Main
|
|
|
|
93.00
|
93.75
|
0.75
|
0.70
|
|
|
|
|
95.40
|
96.10
|
0.70
|
0.82
|
|
|
|
|
|
|
|
|
|
AM19116
|
135.2
|
-45.2
|
120.00
|
125.25
|
5.25
|
0.14
|
Main
|
|
|
|
|
|
|
|
|
AM19117
|
304.9
|
-45.9
|
19.25
|
22.35
|
3.10
|
4.64
|
300 m southeast of
Aamurusko Northwest - NE trending structure
|
Including
|
|
|
19.25
|
19.60
|
0.35
|
37.30
|
"
|
AND
|
|
|
55.00
|
56.00
|
1.00
|
2.87
|
Stockwork Zone in
Gap
|
AND
|
|
|
59.70
|
63.15
|
3.45
|
1.55
|
"
|
Including
|
|
|
59.70
|
60.05
|
0.35
|
9.21
|
"
|
AND
|
|
|
86.00
|
89.55
|
3.55
|
0.45
|
|
AND
|
|
|
279.65
|
285.00
|
5.35
|
0.28
|
|
|
|
|
|
|
|
|
|
AM19118
|
153.2
|
-44.3
|
63.25
|
71.90
|
8.65
|
0.55
|
50 m east of
Aamurusko Northwest
|
|
|
|
|
|
|
|
|
AM19119
|
153.7
|
-45.9
|
61.00
|
62.15
|
1.15
|
3.16
|
100 m southeast of
Aamurusko Northwest
|
AND
|
|
|
96.05
|
103.80
|
7.75
|
1.69
|
|
Including
|
|
|
100.95
|
101.50
|
0.55
|
18.40
|
|
|
|
|
|
|
|
|
|
AM19120
|
165.1
|
-44.8
|
71.30
|
72.00
|
0.70
|
1.92
|
East of
Main
|
|
|
|
|
|
|
|
|
AM19121
|
164.4
|
-74.6
|
132.75
|
133.40
|
0.65
|
0.56
|
East of
Main
|
|
|
|
|
|
|
|
|
AM19122
|
166.5
|
-45.2
|
148.00
|
149.00
|
1.00
|
0.95
|
East of
Main
|
|
|
|
|
|
|
|
|
AM19123
|
165.4
|
-44.0
|
45.65
|
46.80
|
1.15
|
2.19
|
East of
Main
|
|
|
|
81.00
|
82.05
|
1.05
|
2.92
|
|
|
|
|
|
|
|
|
|
AM19124*
|
153.7
|
-47.0
|
200.30
|
201.10
|
0.80
|
1.28
|
Aamurusko
Northwest
|
AND
|
|
|
229.75
|
231.35
|
1.60
|
1.33
|
|
|
|
|
|
|
|
|
|
AM20125
|
153.7
|
-59.6
|
141.05
|
141.79
|
0.74
|
1.16
|
Aamurusko
Northwest
|
AND
|
|
|
219.50
|
220.29
|
0.79
|
1.36
|
|
AND
|
|
|
278.85
|
281.83
|
2.98
|
1.11
|
|
Including
|
|
|
281.00
|
281.40
|
0.40
|
4.97
|
|
AND
|
|
|
291.60
|
292.60
|
1.00
|
2.78
|
|
|
|
|
|
|
|
|
|
AM20126
|
163.7
|
-65.0
|
|
|
|
NSV
|
Abandoned at 56
m
|
|
|
|
|
|
|
|
|
AM20127*
|
152.8
|
-50.0
|
57.00
|
59.00
|
2.00
|
1.51
|
200 m north of
Aamurusko Northwest
|
AND
|
|
|
119.40
|
120.40
|
1.00
|
1.02
|
|
AND
|
|
|
126.80
|
130.40
|
3.60
|
1.02
|
|
AND
|
|
|
265.30
|
265.75
|
0.45
|
1.17
|
|
AND
|
|
|
288.00
|
291.70
|
3.70
|
2.39
|
|
AND
|
|
|
298.60
|
299.35
|
0.75
|
1.20
|
|
AND
|
|
|
358.25
|
383.00
|
24.75
|
1.21
|
Aamurusko
Northwest
|
Including
|
|
|
358.25
|
361.20
|
2.95
|
5.79
|
|
And
including
|
|
|
373.15
|
374.15
|
1.00
|
2.88
|
|
And
Including
|
|
|
381.30
|
383.00
|
1.70
|
2.58
|
|
|
|
|
|
|
|
|
|
AM20128
|
240.7
|
-45.2
|
22.85
|
23.20
|
0.35
|
3.06
|
250 m southeast of
Aamurusko Northwest - Stockwork Zone in Gap
|
AND
|
|
|
35.85
|
39.20
|
3.35
|
1.51
|
|
|
|
|
|
|
|
|
|
* Prelimary results,
awaiting screen metallic results
|
|
|
|
|
All widths are core
widths. True width is not known at this time.
|
|
|
All assay values are
uncut.
|
|
|
|
|
|
|
Discussion
Aamurusko Northwest Depth Extension – Drill hole AM20127
designed to test for down-dip/down-plunge extensions of wide
(10-30 m) zones of mineralization
previously intersected in the Aamurusko Northwest Zone (drill holes
AM19094, 95, 106, 109 etc.) intersected multiple gold
intervals. These include 5.79 g/t Au over 2.95 m, 2.58 g/t Au over 1.70 m, 8.90 g/t Au over 1.00 m, 5.34 g/t Au over 1.00 m and 4.33 g/t Au over 0.65 m within a wider zone averaging 1.21
g/t Au over 24.75 m from 358.25 m and 2.39 g/t Au over 3.70 m
from 288.00 m. Similar to
previous wide intercepts, the intercept in 127 includes higher
grade vein zones with interspersed anomalous values (>0.10 –
0.90 g/t Au) and now appears to extend known mineralization at the
NW zone to 300 m vertically below
surface and 60 m down-plunge to the
north where it remains open.
Drill holes AM19124 and AM20125 drilled approximately
100 m southwest of and parallel to
hole 127 also encountered gold mineralization at depths of
approximately 225 to 275 m vertically
below surface.
Drill hole 124 had a best intercept of 1.33 g/t Au over
1.60 m from 229.75 m.
Drill hole 125 intersected several intervals of gold
mineralization from 278.85 to 292.60
m. The best intercepts include 1.11 g/t Au over 2.98 m from 278.85
m including 4.97 g/t Au over 0.40
m
The 600 m Gap between Aamurusko NW
and Main Zones – Four drillholes spaced 50 to 300 m southeast of Aamurusko NW all intersected
new shallow zones of gold mineralization. Drill hole AM19117,
intersected multiple zones of mineralization including 4.64 g/t
Au over 3.10 m, including 37.30 g/t
Au over 0.35 m from 19.25 m and 1.55 g/t Au over 3.45 m including 9.21 g/t Au over 0.35 m from 59.70
m. The upper zone tested an interpreted NNE-SSW trending
structure with numerous metre-scale fault-fill type vein
boulders. The hole terminated in weak mineralization where the
final 5.35 m assayed an average 0.28
g/t Au from 279.65 m.
Drill hole AM19118 intersected 0.55 g/t Au over 8.65 m from 63.25
m. This zone comprised weak quartz veining and
disseminated sulfides.
Drill hole AM19119 also intersected multiple zones including
18.40 g/t Au over 0.55 m from
100.95 m within a wider zone of 1.69
g/t Au over 7.75 m from 96.05 m and 3.16 g/t Au over 1.15 m from 61.00
m.
Both drill holes AM19118 and 119 tested a mapped NNE-SSW
structure and numerous quartz boulders assaying up to 30.40 g/t
Au.
Drill hole AM19128 intersected 1.51 g/t Au over 3.35 m from 35.85
m.
All the above drill holes were drilled under a widespread quartz
stockwork outcropping at surface and/or steep fault structures. The
mapped stockwork system has 300 m by
100 m dimensions.
Approximately 200 m north of
Aamurusko NW – The upper portion of drill hole AM20127 intersected
shallow gold mineralization below a >300
m long, quartz boulder train (best surface sample 0.36 g/t
Au) associated with an interpreted NNE-SSW trending fault. The best
intercepts include 1.51 g/t Au over 2.00
m from 57.00 m and 1.02 g/t Au
over 3.60 m from 126.80 m. This is the first drill test of
this structure.
Aamurusko Main Zone – Six drill holes at Aamurusko Main Zone are
reported herein. Drill holes AM19115 and 116 were drilled north of
Aamurusko. Drill hole 115 had multiple intercepts > 0.5 g/t Au
up to a high of 0.82 g/t Au and a best intercept of 0.50 g/t Au
over 3.00 m from 60.30 m. Drill hole 116 had a best intercept of
0.14 g/t Au over 5.25 m from
120.00 m.
Drill holes AM19120 to 123 were drilled approximately
200-250 m east of Aamurusko testing
for extensions of mineralization encountered in drill hole AM18035
(9.62 g/t Au over 1.74 m, 8.74 g/t Au
over 1.55 m, and 12.45 g/t Au over
5.20 m). All drill holes
intersected gold mineralization. Drill hole 120 intersected 1.92
g/t Au over 0.70 m from
71.30 m but had to be terminated
prior to reaching the targeted depth.
Drill hole 123 intersected 2.19 g/t Au over 1.15 m from 45.65
m in a quartz vein with pyrite, galena, chalcopyrite and
sphalerite at the contact between sediments and basalt and aligns
with the lower zone in AM18035. Sheared basalt with quartz
stringers and local pyrite returned 2.92 g/t Au over
1.05 m from 81.00 m.
Summary
Many of the new intercepts reported herein are below areas of
weak, barren, or non-existent mineralization at surface suggesting
potential for concealed mineralization that does not come to
surface. Gold mineralization identified in drilling to date appears
to be widespread, locally continue to depths greater than
300 m vertically below surface and
appears to be open in all directions. With the discovery of new
zones in the 600 m wide gap between
the Aamurusko NW and Main Zones there appears to be good potential
for more zones of mineralization at Aamurusko.
Aurion's exploration program is fully funded through 2020.
Background
The geological setting of the Risti project has many
similarities to prolific gold-rich orogenic gold belts globally,
specifically the Timmins camp of
the Abitibi geological province of Northern Ontario. The Aamurusko zone appears
to be underlain by young unconformable clastic rocks
(meta-sandstones and conglomerates) of the Kumpu Group. These Kumpu
Group conglomerates resemble the Timiskaming conglomerates of the
Timmins and Kirkland Lake area of the Abitibi province and
occur in a similar geo-tectonic setting (both represent the
youngest stratigraphic sequence within their respective belts). The
Kumpu Group and the Timiskaming group were deposited in late
orogenic extensional basins. They form in relation to major
movement along regional faults or deformation zones. In the Abitibi
province, many high-grade, multimillion-ounce gold deposits are
temporally and spatially associated with the Timiskaming
conglomerates (or their equivalents) in close proximity to major
regional deformation (fault) zones such as the
Porcupine-Destor or Cadillac-Larder Lake deformation zones. The
Kumpu Group appears to have been deposited in a similar geological
setting adjacent to the Sirkka shear zone, which is a major
deformation zone in the Central Lapland Greenstone Belt. Strong
alteration including fuchsite, tourmaline, iron carbonate, albite
and quartz veining is observed along the entire length of this
structure.
Quality Assurance and Quality Control
All samples were delivered to ALS preparation facility in
Sodankyla, Finland where sample
preparation work was completed. All analytical work was completed
at ALS facility in Loughrea, Ireland and Rosia
Montana, Romania. ALS is an
internationally accredited lab and are ISO compliant (ISO
9001:2008, ISO/IEC 17025:2005). All samples were analyzed for gold
using the Au-AA26 procedure (50g fire assay with AAS finish: Lower
Detection Limit 0.01 g/t gold; Upper Limit – 100 g/t gold).
Any samples that returned over-limit values (>100 g/t gold) or
had visual indication of mineralization, such as visible gold or
prospective vein intervals (>100 g/t gold) were analyzed by
Au-SCR24 1kg, Screen Fire Assay Au
(0.05-1,000 ppm) by 1kg screen fire assay (50g 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 prepared by Mike Basha, P.Eng., PGeo., President and
Andrew Hussey, P.Geo., GIS Geologist
and Database Manager for Aurion Resources, Qualified Persons as
defined by National Instrument 43-101. For more information on
these projects please visit our website at
www.aurionresources.com.
Forward-Looking Statement
Certain statements contained in this release constitute
forward-looking information. These statements relate to
future events or future performance. The use of any of the
words "could", "intend", "expect", "believe", "will", "projected",
"estimated" and similar expressions and statements relating to
matters that are not historical facts are intended to identify
forward-looking information and are based on the Companies' current
belief or assumptions as to the outcome and timing of such future
events. Actual future results may differ materially.
The forward-looking information contained in this release is made
as of the date hereof and Aurion is not obligated to update or
revise any forward‑looking information, whether as a result of new
information, future events or otherwise, except as required by
applicable securities laws. Because of the risks, uncertainties and
assumptions contained herein, investors should not place undue
reliance on forward‑looking information. The foregoing statements
expressly qualify any forward‑looking information contained
herein.
About Aurion Resources Ltd.
Aurion Resources Ltd. (Aurion) is a Canadian exploration company
listed on the TSX Venture Exchange (TSX-V:AU). 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 joint venture
arrangements with Kinross Gold Corp., B2 Gold Corp., and Strategic
Resources Inc. in Finland.
On behalf of the Board of Directors,
Mike Basha, President
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.