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

Staff reporter

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).