Mar­ket has high hopes for Fin­nish gold project

Au­rion be­gins 21-hole phase 1 drilling at Risti

Stockwatch Daily - - FRONT PAGE - Mr. Mike Basha re­ports

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.

Chan­nel sam­pling

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.

Di­a­mond drilling

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.

Re­gional ex­plo­ration

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.

K2

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.

Notches

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.

Risti NW

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 (erikaf@stock­watch.com).

Michael Ger­ard Basha, Den­nis Clarke, Richard A Gra­ham, David P Lotan, David R Loveys, Matti Ta­likka

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