Market has high hopes for Finnish gold project
Aurion begins 21-hole phase 1 drilling at Risti
AURION RESOURCES Ltd. has begun drilling at the Aamurusko prospect on its 100-per-cent-owned Risti project in northern Finland. A total of 21 diamond drill holes are proposed over a distance of approximately 1.1 kilometres along a northeast-southwest-trending one-kilometre-wide corridor. Within this corridor, a total of 717 quartz vein blocks have assayed from nil to 2,520 grams per tonne (g/t) gold and average 32.97 g/t gold, with 102 assaying above 31 g/t
gold. Aurion has also made several new high-grade gold discoveries along regional un-conformities southwest, northwest and east of Aamurusko.
Aamurus ko Aurion has received assays for 717 rock samples of predominantly large and angular quartz (plus or minus tourmaline, plus or minus iron oxide) blocks within the core of the Aamurusko mineralized corridor comprising an area measuring 1.4 kilometres long by one kilometre wide. These samples assayed from nil to 2,520 g/t (81.4 ounces per ton) , with 102 assaying greater than 31 g/t (one ounce per ton), Many of these quartz blocks contain abundant coarse visible gold, range in size from 0.1 to 32 cubic metres and average 0.35 cubic metre.
A total of 32 individual saw-cut channel samples were collected from several large quartz blocks at Aamurusko. Individual channel sample grades range from nil to 143.3 g/t gold. The length weighted average composite grades range from 0.15 g/t gold over one metre to 43.3 g/t gold over 1.65 metres.
A total of 21 diamond drillholes are proposed for the phase 1 drill program now currently under way. The holes range from 100-metre to 220-metre depth (average of approximately 150 metres).
The drill holes are designed to test a combination of quartz block size, density and grade over a strike length of approximately 1.15 kilometres.
Continuing regional reconnaissance prospecting has focused on the regional un-conformities between the Kumpu Group clastic sediments and the mafic and ultramafic rocks of the Savukoski Group. This has resulted in several new early-stage gold discoveries throughout the Risti project. To date, Aurion has received assays from 2,232 rock samples across the entire Risti project. The average of all samples is 11.8 g/t gold.
A cluster of quartz blocks up to two cubic metres in size was discovered sub-cropping over a 100-metre distance approximately 1.7 kilometres southwest along strike from the Aamurusko prospect. These quartz blocks assayed from nil to 166 g/t gold with visible gold noted. Sixty-six samples were collected with eight samples assaying above one g/t gold, including highs of 12.15 and 166 g/t gold.
Beginning approximately three kilometres east of Aamurusko, reconnaissance prospecting has outlined widespread stockwork and breccia-style quartz veins exposed in boulders, sub-outcrop and bedrock over a distance of approximately five kilometres. A total of 622 samples have been collected so far. The highlights include seven samples which assayed greater than 10 g/t gold, including two which assayed 420 and 622 g/t gold. Coarse visible gold has been noted here.
Limited reconnaissance prospecting has identified
gold mineralization at a major unconformity located approximately 5.5 kilometres north-northwest of Aamurusko. Eighty-three samples have been collected to date, with five assaying greater than one g/t gold and highs of 8.1 and 14.1 g/t gold. Other work at Risti Aurion has completed a detailed ground magnetic survey over the Aamurusko prospect and results are being interpreted. A detailed ground resistivity survey is currently under way. These surveys will assist in drill targeting.
Approximately 500 soil samples have been collected and assays are pending. A large base-of-till sampling survey is under way focused primarily on the un-conformities that are overburden covered and the area between Aamurusko and Notches.
A baseline environmental study was initiated prior to drilling. The survey includes initial water and moss sampling from watercourses in the vicinity of the drilling area at Aamurusko as well as flora and fauna surveys.
Mike Basha, president and chief executive officer of Aurion, commented: “Our work this season has substantially enhanced our confidence in the understanding of the Aamurusko system, prior to drill targeting. Moreover, our regional reconnaissance prospecting and geological mapping work has identified additional high-grade gold discoveries regionally, confirming the exploration potential of a previously unexplored geological context in the Central Lapland greenstone belt. Now with a treasury of approximately $23-million, we can systematically develop our projects.”
We seek Safe Harbor.
Erika Flores condensed this news release (firstname.lastname@example.org).
Michael Gerard Basha, Dennis Clarke, Richard A Graham, David P Lotan, David R Loveys, Matti Talikka
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