Junior Mining Network
  • Dashboard
  • Newsroom
  • Featured Miners
  • Investor Clips
  • Heat Map
  • Market Data
  • Mining Topics
  • Watch List
Junior Mining Network
Balmoral Resources

Aurion Resources Recommences Drilling at Aamurusko

  • Nordic Region

TSX VENTURE: AU
www.aurionresources.com

Mr. Michael Basha reports:

ST.JOHN'S, Jan. 14, 2019 /CNW/ - Aurion Resources Ltd. (TSXV: AU) ("Aurion" or the "Company") reports that drilling has recommenced at the Aamurusko prospect at its Risti Project in northern Finland.   

Highlights

  • 65 drillholes completed to date at Aamurusko
  • 56 drillholes intersected gold mineralization
  • 20 individual drill intercepts > 5.0 g/t Au
  • 11 individual intercepts > 15.0 g/t Au
  • Coherent mineralized shoot appears to be developing

Summary

A total of 65 widely spaced drillholes have been completed over a distance of approximately 1.2 km at Aamurusko to date.  A total of 56 drillholes intersected gold mineralization, with 20 individual intercepts of greater than 5.0 g/t Au over >0.5 m, including 11 intercepts greater than 15.0 g/t Au. 

High grade mineralization with intercepts assaying 789.0 g/t Au over 2.9 m, 17. 46 g/t Au over 1.1 m and 17.06 g/t Au over 1.80 m intersected in one area may partially define a steeply plunging coherent zone/shoot which remains open downplunge. 

Drilling continues with one track mounted drill rig at Aamurusko and assays are pending for 9 drillholes.

The grades, widths and lithologies encountered in drilling provide further compelling evidence that Aurion may be in the early stages of discovering a gold system similar to those found in the prolific orogenic gold camps of Timmins, Kirkland Lake and Red Lake.

Comment

"The discovery of gold mineralization in drill core in 56 of 65 drillholes over a distance of more than 1.2 km suggests the mineralizing system at Aamurusko and Risti is robust.   Multiple high grade intercepts assaying greater than 15.0 g/t Au supports this.", commented Mike Basha, President and CEO.  "Furthermore, the drilling results to date may suggest the presence of an ore shoot is a significant development in advancing the geological and structural interpretation of mineralization controls at Aamurusko.   Aurion is well funded to advance the Aamurusko discovery and the Risti Project into the foreseeable future". 

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 province of Northern Ontario. The Aamurusko zone appears to be hosted by young sedimentary rocks of the Kumpu Group. These Kumpu Group sediments resemble those of the Timiskaming Group of the Timmins and Kirkland Lake area of the Abitibi province and occur in a similar geo-tectonic setting. In the Abitibi province, many high-grade, multimillion-ounce gold deposits are temporally and spatially associated with the Timiskaming in close proximity to major regional fault zones such as the Porcupine-Destor or Cadillac Lake-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 fault in the Central Lapland Greenstone Belt.

Quality Assurance and Quality Control

All samples were delivered to ALS Minerals preparation facility in Sodankyla, Finland where sample preparation work was completed. All analytical work was completed at ALS Minerals facility in Loughrea, Ireland.  ALS Minerals 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 overlimit values (>90.0 g/t gold) or had visual indication of mineralization, such as visible gold or prospective vein intervals (>90.0 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 30 samples.  ALS has its own QA/QC protocol using standards, blanks and duplicates.

Mike Basha, P.Eng., P.Geo., President and CEO of Aurion, a Qualified Person as defined by National Instrument 43-101, is responsible for the preparation of this release.  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.

On behalf of the Board of Directors,

Michael Basha, Chief Executive Officer

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.  

MORE MINING NEWS

Newmont Mining and Goldcorp Obtain Interim Order for Plan of Arrangement
Barrick Gold Comments on Media Speculation Regarding Opportunity to Merge with Newmont Mining
Pan American Silver Completes Acquisition of Tahoe Resources
Great Bear Resources Drills Hinge Zone Extensions - Results Include New 42 m Wide Zone with Multiple Gold-Bearing Intercepts Including 31.60 g/t Gold Over 3.40 m at 157 m Depth
Kirkland Lake Gold Reports Record Earnings and Cash Flow in Q4 and Full-Year 2018
Wheaton Precious Metals Exceeds 2018 Production Forecast and Provides 2019 and 5-Year Guidance
TMAC Resources Reports Record Q4 Gold Production; 1,800 tpd Plant Throughput and 2,310 tpd Mine Production
McEwen Mining Reports 2018 Full Year and Q4 Results
Marathon Gold Completes Sale of Royalty to Franco-Nevada for Proceeds of $18 Million
Gold Standard’s Jasperoid Wash Emerging as 4th Large, Shallow Oxide Gold Deposit at Railroad-Pinion Project
Continental Gold Discovers a Third Broad Mineralized Zone at Buriticá With High-Grade Gold Drill Results Including 5.50 Metres @ 202.56 Grams per Tonne Gold Equivalent
Corvus Gold Expands Mother Lode Deposit to the East, West and at Depth Below Pit Bottom with Thick Oxide Mineralization to Depth

GET DAILY NEWS FLOW

Sign Up To Receive All Morning
News To Your Email Inbox

Aurion Resources

ADD TO WATCH LIST
Last Trade: C$1.27
Daily Volume: 44,388
Market Cap: C$87.860M
February 12, 2019
Aurion Resources: Prospecting Program Yields New Discovery at its Launi East Project in Northern Finland
February 05, 2019
Aurion Resources Intersects 42.3 g/t Au over 4.0 m and 24.5 g/t Au over 4.7 m Near Surface at Aamurusko
December 17, 2018
Aurion Resources Discovers New Style of Gold Mineralization at Risti Project
December 11, 2018
Aurion Resources Identifies Possible High Grade Mineralized Shoot at Aamurusko
October 22, 2018
Aurion Resources Provides Update on 2018 Exploration Campaign
October 02, 2018
Aurion Resources Makes New High Grade Surface Discovery at Risti
September 19, 2018
Aurion Resources Drills 789 g/t Au over 2.90 m at Aamurusko
August 17, 2018
Aurion Resources Provides Update on 2018 Drill Program and Reports High Grade Gold Results at A2 and Aamurusko Northwest
June 21, 2018
Aurion Resources Reports Two New High Grade Gold Discoveries and Provides Update on 2018 Field Exploration Program
March 05, 2018
Aurion Resources Provides Exploration Update
February 15, 2018
Aurion Resources Options Outa Project in Finland to Kinross Gold
January 23, 2018
Aurion Resources: Mark Serdan Appointed Chief Financial Officer
LOAD MORE NEWS
LOAD MORE NEWS

First Cobalt

First Cobalt

First Cobalt is a vertically integrated North American pure-play cobalt company. The Company controls three significant North American assets: the only permitted cobalt refinery in North America capable of producing battery materials; the Iron Creek Project in Idaho, which has a historic mineral resource estimate (non-compliant with NI 43-101); and the historic Canadian Cobalt Camp, with is host to more than 50 past producing mines and has produced more than 50 million pounds of cobalt... VIEW PROFILE

© 2019 Junior Mining Network. All Rights Reserved.

  • Privacy Policy
  • Disclaimer
  • RSS
  • Contact