- 28.64 g/t Au over 4.90 m (including 126.00 g/t Au over 1.10 m); 540 m from discovery hole
- All scout holes intersected gold
- CAN$7 million JV budget for 2024 – 10,000 m drilling program commenced
- Further results pending from 2023 drilling
Summary
- All scout holes intersected gold at Vuoma
- 28.64 g/t Au over 4.90 m including 126.00 g/t Au over 1.10 m from 455.80 m (VUO23012), located 540 m SE of hole VUO23007 (1.33 g/t Au over 8.30 m, Press release
Aug 21, 2023 ) - 3.55 g/t Au over 2.80 m from 169.80 m (VUO23010)
- Further evidence of the gold prospectivity along the, mainly untested, 20+ km southern domain boundary that extends 15 km to the Kaaresselkä prospect on the Risti Property (100% Aurion)
- 28.64 g/t Au over 4.90 m including 126.00 g/t Au over 1.10 m from 455.80 m (VUO23012), located 540 m SE of hole VUO23007 (1.33 g/t Au over 8.30 m, Press release
- CAN$7 million JV budget for 2024 – 10,000 m drilling program commenced
- Aurion is fully financed to contribute to maintain 30% interest in the JV
- Multiple targets to be tested, including the structural trend between the Helmi discovery and Rupert Resources' 4+ Moz Ikkari deposit
- Further results pending from 2023 drilling
Comments
"This is the second program at Vuoma, a blind target on the southern domain boundary. The new intercept of 4.90 m over 28.64 g/t gold is located 540 m southeast of the discovery hole (8.30 m over 1.33 g/t gold, VUO23007) and provides evidence on the potential scale and grade of the gold mineralized system at Vuoma," commented
Figures associated with this release can be found at the following link:
https://aurionresources.com/site/assets/files/1525/nr24-01figures.pdf
Scout drill program
This press release contains results for four scout holes (1,476.70 m) drilled in the Vuoma area in the southeastern part of the JV property, where gold mineralization was discovered in 2023 (Press release
Further results are pending from 2023 drilling.
Table 1: Aurion-B2Gold JV Drilling Result Summary
Aurion-B2Gold JV Drilling Result Summary | |||||||
Hole ID | Azimuth | Dip | From (m) | To (m) | Width (m) | Au (g/t) | Target Area / Notes |
VUO23010 | 160.0 | -50.0 | 164.00 | 167.00 | 3.00 | 0.19 | Vuoma Scout |
and | 169.80 | 172.60 | 2.80 | 3.55 | |||
VUO23011 | 340.0 | -50.0 | 210.72 | 213.50 | 2.78 | 0.46 | Vuoma Scout |
and | 225.80 | 227.95 | 2.15 | 0.37 | |||
VUO23012 | 340.0 | -50.0 | 455.80 | 460.70 | 4.90 | 28.64 | Vuoma Scout |
incl. | 455.80 | 456.90 | 1.10 | 126.00 | |||
and | 501.70 | 502.40 | 0.70 | 1.32 | |||
and | 507.40 | 508.80 | 1.40 | 0.56 | |||
VUO23013 | 345.0 | -50.0 | 346.75 | 350.45 | 3.70 | 0.74 | Vuoma Scout |
and | 356.90 | 359.70 | 2.80 | 0.35 | |||
and | 362.75 | 363.55 | 0.80 | 0.60 | |||
and | 369.40 | 370.60 | 1.20 | 0.41 | |||
and | 378.80 | 379.55 | 0.75 | 0.29 | |||
and | 424.40 | 425.80 | 1.40 | 0.63 |
All widths are core widths. True width is not known at this time. All assay values are uncut |
Drill hole VUO23010 was collared 890 m southwest of hole VUO23007 and drilled to the south-southeast. Mineralized intervals were intersected at the chlorite-magnetite-biotite altered, pyrite mineralized contact between diorite and gabbro. Intercepts include 0.19 g/t Au over 3.00 m from 164.00 m and 3.55 g/t Au over 2.80 m from 169.80 m.
Drill hole VUO23011 was collared 460 m south of hole VUO23007 and drilled to the north-northwest. The upper mineralization is hosted by brecciated, dolomite-sericite-silica altered, pyrrhotite-pyrite-chalcopyrite-galena-sphalerite mineralized metasediments at the contact with ultramafic volcanics. The lower interval is mainly hosted by brecciated and sheared, dolomite-albite altered, pyrite-pyrrhotite-chalcopyrite mineralized metasediments. Intercepts include 0.46 g/t Au over 2.78 m from 210.72 m and 0.37 g/t Au over 2.15 m from 225.80 m. Notably, these intercepts returned 0.19% Cu + 0.08% Co and 0.30% Cu + 0.10% Co respectively.
Drill hole VUO23012 was collared 780 m southeast of hole VUO23007 and drilled to the north-northwest. High grade mineralization was intersected in sheared, fuchsite-chlorite-biotite altered ultramafic volcanics at the contact with altered and sheared siltstone. Mineralization is related to quartz-pyrite, and dolomite-quartz-pyrite-tourmaline veinlets. Intercepts include 28.64 g/t Au over 4.90 m from 455.80 m including 126.00 g/t Au over 1.10 m from 455.80 m, 1.32 g/t Au over 0.70 m from 501.70 m and 0.56 g/t Au over 1.40 m from 507.40 m. The hole was ended due to the rig reaching its maximum depth capacity.
Drill hole VUO23013 was collared 440 m southeast of hole VUO23007 and drilled to the north-northwest. Mineralization is hosted in sheared, biotite-chlorite-dolomite-sericite altered, quartz-magnetite-pyrite veined metasediments. Several Au mineralized intervals were intersected including 0.74 g/t Au over 3.70 m from 346.75 m and 0.63 g/t Au over 1.40 m from 424.40 m.
Budget and exploration plan for 2024
The planned JV budget for 2024 is CAN$7 million. Aurion is fully financed to contribute its 30% share of the planned expenditure.
The exploration plans include approximately 10,000 m of diamond core drilling in various target areas including the Helmi Discovery, as well as testing selected geochemical and geophysical targets elsewhere within the extensive (290 km2) JV property that covers tens of kilometers of the highly prospective major crustal scale structure. Other planned activities include rotary air blast drilling, base of till sampling and geophysical surveys.
The ongoing drilling program will test several targets including the structural trend between Helmi and Rupert Resources' 4+ Moz Ikkari Discovery.
Background
The JV (30% Aurion/70% B2Gold) covers approximately 290 km2 along the major crustal scale
Quality Assurance and Quality Control
All samples were delivered to ALS preparation facility in Sodankylä,
This news release has been reviewed by
About Aurion Resources Ltd.
On behalf of the Board of Directors,
Neither the
SOURCE
© Canada Newswire, source