Aurion Resources (TSX-V:AU) Ltd announced results for four holes drilled at the Helmi Discovery on its joint venture (JV) with B2Gold Corp in Finland’s Central Lapland Greenstone Belt, which included 1.7 grams per tonne (g/t) gold over 45 metres (m).
The company said the broad zones of consistent gold mineralization extend the Helmi Discovery.
“Every one of the first five holes at the core of the Helmi Discovery have returned broad intervals of consistent gold mineralization indicating the existence of a mineralized system of scale,” Aurion Resources (TSX-V:AU) CEO Matti Talikka said in a statement.
READ: Aurion Resources expands gold mineralization at the Aamurusko prospect on its Risti project in Finland
“Only six months after the first drill hole, the Helmi Discovery is already showing potential to expand into an economic gold deposit at favorable pace and discovery costs as recently demonstrated by Rupert Resources' with their 3.95 Moz (million ounce) Ikkari Discovery,” Talikka added.
Aurion noted that assay results from an additional seven holes drilled at Helmi during the 2021 drill program are pending.
As well, the company said the JV is planning to increase the level of exploration activities in 2022, with a preliminary budget of about C$10 million.
Aurion added that the planned exploration activities include about 12,000m of diamond core drilling, the majority of which will be dedicated to the Helmi Discovery and the Kutuvuoma-Ikkari structural corridor.
Aurion Resources (TSX-V:AU) is a Canadian exploration company that acquires early-stage precious metals exploration opportunities. It has a portfolio of properties in Finland, including its flagship Risti and Launi projects, as well as joint venture agreements with Kinross Gold, B2Gold Corp and strategic resources in Finland.
Contact Sean at sean@proactiveinvestors.com