Tag: Aurion Resources Ltd.

Aurion Resources provided drilling results from the final six drill holes completed on the Aamurusko prospect, part of its 100%-owned Risti property in Finland. While these results should be viewed positively as drilling has identified several Au bearing structures in gabbro similar to those intersected in the prolific Kalgoorlie region in Australia, in our opinion upcoming exploration results for the Helmi discovery should be the key area of focus for investors. We believe Helmi is starting to shape up into a promising discovery, reaffirming the prospectivity of the Kutuvuoma-Ikkari corridor that lies just ~1.3km from Rupert Resources’ (TSXV:RUP, Not Rated) ~4M oz Au Ikkari deposit.

Aurion Resources provided further assays from its recently completed 20-hole (5,201.5m) drill program along the Kutuvuoma-Ikkari corridor in Finland, where exploration is being advanced under a JV partnership with B2Gold Corp (TSX:BTO, Not Rated). Assays from an additional six holes were released, which follow the release of the initial three holes that led to the newly named Helmi discovery earlier in October. Importantly, eight out of nine reported holes encountered significant Au mineralization, reaffirming the prospectivity along the corridor that lies just ~1.3km from Rupert Resources’ (TSXV:RUP, Not Rated) ~4M oz Au Ikkari deposit. In our view, Helmi is starting to shape up into a promising discovery. Given that it plans to retain a 30% interest in the JV, we expect to see Aurion stand to benefit from continued exploration success along the Kutuvuoma-Ikkari corridor.