Aurion books high-grade gold in northern Finland

[Redator]

Aurion Resources (TSXV: AU) cut a highlight result of more than 32 metres grading 4.42 grams gold per tonne at its Risti property in northern Finland.

That result, in hole KS25111 of the Vanha target area from 267.8 metres depth, included 7.95 metres at 13.54 grams gold from 269.8 metres downhole, Aurion said Monday.

The highlight intercept of 4.42 grams gold “provides meaningful information on the potential for scale and growth of the mineral endowment at Kaaresselkä,” Aurion CEO Matti Talikka said in a release. “We continue to be impressed by the strength of deformation and alteration along the structural corridor at the Vanha prospect.”

Aurion was among few companies exploring on Finland’s Central Lapland Greenstone belt when it started in 2014. Its work helped draw to the region B2Gold (TSX: BTO; NYSE-A: BTG), Kinross (TSX: K; NYSE: KGC) and KoBold Metals, with whom Aurion has joint venture deals.

Aurion shares rose 3.8% to C$0.83 Monday morning in Toronto, giving the company a market capitalization of about C$124 million. The stock has traded between C$0.50 and C$0.90 in the past year.

Other highlights released Monday include hole KS25106, which cut about 4.5 metres grading 1.16 grams gold from 123.6 metres depth. In the same hole, Aurion also intersected 5.2 metres at 0.88 gram gold from 136.8 metres.

The assays are part of a set of 10 holes, totaling about 2,032 metres, that were recently drilled in Risti’s Kaaresselkä area. Their results are interpreted to extend the mineralized system 100 metres below an earlier intercept, Aurion said.

Further drill results are pending, and exploration activities are ongoing, the company said. In the latest round of drilling, crews have been targeting potential extensions of Kaaresselkä’s mineralized system.

High-grade mineralization, which was detected from near surface to a vertical depth of about 250 metres, remains open in multiple directions, Aurion said.