Aurion Resources Ltd. is pleased to report that it's 2015 field program generated several new, wholly-owned, high grade gold prospects in the Central Lapland Greenstone Belt of Northern Finland.
These prospects have highly anomalous gold in rock and till, with the best sample from Ruoppa assaying 30.7g/t Au and the best sample from Risti assaying 22.3g/t Au. The prospects are all of significant size, with up to 17 km of strike potential and excellent access. (See attached map. The highlights of the 2015 program are summarized below:
The Ruoppa target comprises an open-ended 1.9 km long zone of anomalous gold samples, within an overall target greater than 7km long, which is contiguous with Agnico Eagle's Kuotko deposit (1.8 million tonnes grading 2.9 g/t Au; see Agnico Eagle Annual Report).
In the fall of 2015, Aurion outlined extensive gold mineralization over a horizontal distance of 1.9km. A total of 81 rock chip samples were collected from outcrop, sub outcrop and angular boulders assaying from nil to 30.7 g/t Au including 21 samples which assayed greater than 1.0 g/t Au. The mineralization comprises narrow mm to <1m wide quartz-carbonate veins with minor sulphides, free gold and bismuth. Mineralization is hosted by felsic dykes, occurring along the margin of an intrusive body. The association of quartz-carbonate veins with free gold and bismuth with felsic dykes is very similar to that reported at Agnico Eagle's Kuotko gold deposit.
Agnico is currently exploring Kuotko as a potential satellite open pit. Agnico reported completing approximately 7,300m of drilling in 2015, identifying new mineralized zones outside of the known mineral resource areas. Agnico established a Mining Lease in early 2015 and studies are being carried out to assess the viability of mining the deposit (Agnico Eagle Press Release dated Feb 10, 2016). Historical drill intercepts of 17.5 g/t Au over 5.0m and 23.5 g/t Au over 3.0m have been reported.
The Risti target is located approximately 13km east of the Company's Kutuvuoma property, which is under joint venture to B2Gold. The property hosts the Kaarestunturi prospect, which was discovered by the Geological Survey of Finland who completed various studies including 5 shallow diamond drill holes within a small area returning up to 5.2 g/t Au over 5.0m.
In 2015, Aurion outlined a new zone of gold mineralization approximately 750m northwest of the Kaarestunturi prospect. This new zone hosts gold mineralization within quartz-iron oxide veins and breccias cutting altered meta-sediments. A total of 30 rock samples from outcrop, sub outcrop and angular boulders, within an area of 250m by 250m, assayed up to 22.3 g/t Au including 10 samples which assayed greater than 1 g/t Au.
Sila (formerly Silasselka)
The Sila target covers approximately 11km along the northern strike extension of the Hanhimaa Shear Zone (HSZ), within sheared meta-volcanics and meta-sediments sandwiched between two large intrusive bodies. The HSZ south of Sila hosts several gold occurrences, which have reported drill intersections of 4.5 g/t Au over 11.7m and 5.9 g/t Au over 7.5m (Agnico Eagle Annual report).
Aurion has identified extensive mineralization in quartz veins and silicified meta-volcanic and meta-sedimentary rocks. Assays from 56 rock samples collected over a distance of 6.5km ranged from nil to 219 g/t Au and nil to 5410 ppm As. Numerous till samples assayed up to 0.7 g/t Au within this trend and up to 1.12 g/t Au elsewhere on the property. The gold-arsenic association at Sila, is similar to the Kittila deposit.
Rova comprises a 17km long <1km wide zone of sheared meta-volcanic and meta-sedimentary sandwiched between two large intrusive bodies. Historical work by the state mining company Outukumpu in the late 1980's highlights an approximately 6km long section with anomalous gold (and copper) in till with individual till samples assaying up to 4.0 g/t Au. The mineralization comprises quartz-carbonate vein sets in sulphide-rich metasedimentary rock, in the contact zone between meta-volcanic rocks and intrusives. Five shallow drillholes were completed in 1987, within a small area, with a best result of 2.1 g/t Au over 1.2m.