Impact: Positive
Aurion Resources announced assays from the first five holes (1,395m), completed in the fall drilling program at the Vanha prospect (Kaaresselkä area) at its 100%-owned Risti Au project in Finland. Drilling has extended mineralization by 300m to the west to 1.4km along strike at the Vanha prospect. All five holes hit gold within wide zones of strong deformation and hydrothermal alteration in mafic metavolcanic and metasedimentary rocks. Highlights include 3.72 g/t Au over 10.35m (hole -129) and 1.19 g/t over 15m (hole -131). Both holes were drilled on the same plane and 100m below two other holes – including previously reported 1 g/t over 16m and 8.1 g/t over 6.75m (read note). Drilling continues and we await assays for over 20 drill holes. Overall, drilling continues to confirm continuity of a high-grade gold system at depth – although we are still relatively shallow at ~200m depth or less. This zone is located 15km east of the Vuoma discovery (28.6 g/t over 4.9m), 16km from Helmi and 14km from the advanced Ikkari project of Rupert Resources (TSX:RUP, Not Rated). This entire region is highly prospective and despite success over the past 4-5 years, remains well underexplored.