Aurion Resources (TSX-V:AU) Ltd said it has identified gold-bearing structures in gabbro at the Aamurusko prospect on its Risti property in northern Finland.
Several gold-bearing structures were intersected in gabbro, with gold values of up to 6.2 grams per ton (g/t) gold. Although drilling did not intercept a significant gold-bearing structure within the gabbro, Aurion said it did see more evidence that “at least one such structure” may be present.
“The drill holes targeting the gabbro unit contained significant gold grades at multiple horizons over 250 metres width and fractionation at various intervals offered further evidence that the gabbro unit may represent a differentiated mafic sill,” Aurion CEO Matti Talikka said in a statement.
“This may be significant, given that gold mineralization at Kalgoorlie, where tens of millions of ounces have been discovered and mined, is primarily hosted within a differentiated mafic sill," he added.
READ: Aurion Resources intersects high-grade gold, extends mineralization at the Helmi Discovery in Finland
Aurion has commenced a scout drilling program to test several targets within the Risti property, and is in the midst of a base of till sampling program.
The company recently wrapped up a geophysical drone magnetic survey covering the entire Risti property and part of the Launi property nearby. According to Aurion’s initial interpretation, it has identified several areas with potentially favourable structural signatures in the vicinity of domain boundaries.
"Our systematic regional exploration programs including geophysical surveys and base of till sampling are progressing well and generating targets for scout drill testing,” Talikka said. “Within our 100% owned Risti property alone, we have over 30 kilometres of interpreted domain boundaries and prospective lithologies, including mafic and ultramafic rocks, that have the potential to host Ikkari and Helmi style of mineralization."
Further results from the Helmi discovery, part of a joint venture with Canadian gold miner B2Gold, is expected soon, the company told shareholders.
Aurion noted that it is fully funded for exploration into 2024.
Contact Angela at angela@proactiveinvestors.com
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