Aurion Resources Ltd. – News – Aurion Samples 30.7 and 22.3 g/t Au at Two New High-Grade Gold Prospects in Northern Finland – Fri Feb 26, 2016

Aurion Resources Ltd. (“Aurion”) (TSX VENTURE: “AU”) is pleased to report that it’s 2015 field program generated several new, wholly-owned, high grade gold prospects in the Central Lapland Greenstone Belt of Northern Finland. These prospects have highly anomalous gold in rock and till, with the best sample from Ruoppa assaying 30.7g/t Au and the best sample from Risti assaying 22.3g/t Au. The prospects are all of significant size, with up to 17 km of strike potential and excellent access. See map below. The highlights of the 2015 program are summarized below:RuoppaThe Ruoppa target comprises an open-ended 1.9 km long zone of anomalous gold samples, within an overall target greater than 7km long, which is contiguous with Agnico Eagle’s Kuotko deposit (1.8 million tonnes grading 2.9 g/t Au; see Agnico Eagle Annual Report).In the fall of 2015, Aurion outlined extensive gold mineralization over a horizontal distance of 1.9km. A total of 81 rock chip samples were collected from outcrop, sub outcrop and angular boulders assaying from nil to 30.7 g/t Au including 21 samples which assayed greater than 1.0 g/t Au. The mineralization comprises narrow mm to <1m wide quartz-carbonate veins with minor sulphides, free gold and bismuth. Mineralization is hosted by felsic dykes, occurring along the margin of an intrusive body. The association of quartz-carbonate veins with free gold and bismuth with felsic dykes is very similar to that reported at Agnico Eagle’s Kuotko gold deposit.Agnico is currently exploring Kuotko as a potential satellite open pit. Agnico reported completing approximately 7,300m of drilling in 2015, identifying new mineralized zones outside of the known mineral resource areas. Agnico established a Mining Lease in early 2015 and studies are being carried out to assess the viability of mining the deposit (Agnico Eagle Press Release dated Feb 10, 2016). Historical drill intercepts of 17.5 g/t Au over 5.0m and 23.5 g/t Au over 3.0m have been reported.RistiThe Risti target is located approximately 13km east of the Company’s Kutuvuoma property, which is under joint venture to B2Gold. The property hosts the Kaarestunturi prospect, which was discovered by the Geological Survey of Finland who completed various studies including 5 shallow diamond drill holes within a small area returning up to 5.2 g/t Au over 5.0m. In 2015, Aurion outlined a new zone of gold mineralization approximately 750m northwest of the Kaarestunturi prospect. This new zone hosts gold mineralization within quartz-iron oxide veins and breccias cutting altered meta-sediments. A total of 30 rock samples from outcrop, sub outcrop and angular boulders, within an area of 250m by 250m, assayed up to 22.3 g/t Au including 10 samples which assayed greater than 1 g/t Au. Sila (formerly Silasselka) The Sila target covers approximately 11km along the northern strike extension of the Hanhimaa Shear Zone (HSZ), within sheared meta-volcanics and meta-sedi

Source: Aurion Resources Ltd. – News – Aurion Samples 30.7 and 22.3 g/t Au at Two New High-Grade Gold Prospects in Northern Finland – Fri Feb 26, 2016

Categorised as: interesting

Posted by: Kramer

Comments are disabled on this post

Comments are closed.

Disclaimers – All content here is NOT presented as investment advice; LessThunk is NOT endorsing any website or specific investment by displaying external links.

We may or may-not (coincidentally) hold some quantity of stock or other investment related to any given post, no endorsement is implied in any sense.