EXPLORATION & DEVELOPMENT

Aurion reports more gold at Risti

Kinross-backed Aurion Resources (TSXV: AU) has reported intersecting a “wide zone of gold mineralisation” in the first two drill holes this year at Aamurusko Northwest on its Risti project in Finland.

Staff reporter
Aurion says 70 of 84 holes at Aamurusko in Finland have intersected gold

Aurion says 70 of 84 holes at Aamurusko in Finland have intersected gold

Highlights included 19.54m at 13.31g/t gold from 77.64m, with Aurion saying the use of a helicopter-supported rig had enabled the company to drill closer to the surface mineralisation at the boulder field.

The Northwest prospect is 600m from the Aamurusko Main target area and president and CEO Mike Basha said a review of data suggested the potential for additional zones of gold mineralisation between the two.

"Intersecting high-grade, bonanza grade mineralisation enveloped within wide zones of weakly mineralised but highly anomalous gold bearing bedrock is encouraging!" he said.

The company said 70 of the 84 holes drilled to date at Aamurusko had intersected gold mineralisation, with 19 intercepting 15g/t gold or more.

Aurion raised about C$6.5 million (US$5 million) in April at $1.05 per share for exploration in Finland, with Kinross Gold (TSX: K) exercising its option to maintain a 9.98% stake and acquiring $724,500 worth of shares.
 
Aurion shares shot up to $2.15 in September on reporting 2.9m at 789.1g/t gold from Aamurusko Main.

They closed up 2.36% yesterday to $1.30, capitalising it at $92.6 million (US$71 million).

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.