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Aurion Resources Ltd.
Summary
| Project: | Kutuvuoma | |
|---|---|---|
| Deposit: | Kutuvuoma | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 12/13/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-12-2016: Aurion Resources Ltd. announces an Exploration/Drilling Update report for its Kutuvuoma deposit at the Kutuvuoma project. JV with B2Gold - drilling results incl. 13.3m @ 11.37g/t Au from 71.85m. Aurion Resources Ltd. (“Aurion”) (TSX VENTURE: “ | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mike Basha (Internal) | |
| ABSTRACT: | Aurion Resources Ltd. (“Aurion”) (TSX VENTURE: “AU”) is pleased to report its partner B2Gold Corp. (TSX: BTO, NYSE MKT: BTG, NSX: B2G); (“B2Gold”) has completed an inaugural drill program intersecting high grade gold at the Kutuvuoma project in northern Finland. Aurion is also pleased to report that B2Gold has advised that it’s 2017 JV exploration budget is US$2.6 million (CAN$3.5 million). The program will comprise extensive geochemical surveying, trenching and diamond drilling of multiple targets across the JV. The drill program comprised 5 HQ sized diamond drillholes with total meterage of 535 m. Two holes were drilled west of the Kutuvuoma deposit, one into the deposit and two east of the deposit over an aggregate distance of approximately 1 km. The program was designed to test for lateral continuity of the Kutuvuoma main mineralized zone east and west of the Kutuvuoma deposit. See attached map for drillhole locations. The best hole of the program was drillhole KU16003 which was drilled into the known deposit. It intersected two mineralized zones, the first zone assayed 8.59 g/t Au over 2.15 m starting at 21.4 m downhole. The second zone assayed 11.37 g/t Au over 13.3 m starting at 71.85 m downhole. The upper zone intersection occurs in the structural hanging wall, and represents a promising zone to follow up. Previous hanging wall intercepts include 96.5 g/t Au over 1.2 m from Outokumpu ddh KUV-47, drilled in 1993. The second zone was a twin of Outokumpu ddh KUV-36 which assayed 7.2 g/t Au over 19.4 m, also drilled in 1993. | |
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