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Aurion Resources Ltd.
Summary
| Project: | Risti | |
|---|---|---|
| Deposit: | Aamurusko | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 6/26/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-6-2019: Aurion Resources Ltd. announces an Exploration/Drilling Update report for its Aamurusko deposit at the Risti project. Drilling results incl. 28.22m @ 9.42g/t Au from 69.86m. ST. JOHN'S, June 26, 2019 /CNW/ - Aurion Resources Ltd. (TSXV: AU) ("A | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mike Basha (Internal) | |
| ABSTRACT: | ST. JOHN'S, June 26, 2019 /CNW/ - Aurion Resources Ltd. (TSXV: AU) ("Aurion" or the "Company") is pleased to report it has intersected a wide zone of gold mineralization in the first two drillholes of its recently initiated 2019 drilling campaign at the Aamurusko Northwest (NW) prospect on its wholly owned Risti Project in northern Finland. The first two of ten proposed drillholes testing high-grade gold mineralization at surface at Aamurusko NW are reported herein Drillhole AM19095 intersected a wide zone of alteration and quartz veining assaying 9.42 g/t Au over 28.22 m, including 13.31 g/t Au over 19.54 m and 22.58 g/t Au over 8.18 m starting at 69.86 m downhole and approximately 70 m vertically below surface. The zone had five intervals assaying between 48.40 and 230.00 g/t Au. This drillhole is being deepened. Drillhole AM19094 updip of 95 intersected a wide zone of alteration and quartz veining assaying 1.84 g/t Au over 31.12 m, including >100 g/t Au (re-assay pending) over 0.33 m and 12.25 g/t Au over 0.65 m, starting at 55.88 m downhole and approximately 45 m vertically below surface. The hole ended in mineralization with three one metre wide samples assaying 1.57, 3.21 and 4.31 g/t Au This drillhole is being deepened. The company attempted to drill this area with a track-mounted rig in 2018. Gold was intersected in every hole however extreme topography prevented collaring close to surface mineralization. Two drillholes, AM18024 and 29, on the same section as AM19094 and 95, also encountered wide but weak zones of mineralization at depth. Use of a helicoptersupported rig in the current program has enabled the company to drill closer to the surface mineralization. The estimated true thickness of the zone is 70% of core length and appears to be near vertical, trends NE-SW and may have a plunge. The zone continues to a depth of at least 150 m vertically and is open. Eight drillholes on 4 sections 20 m apart are designed to determine the geometry of this mineralized zone. | |
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