Aurion Acquires Two High Grade Gold Projects in Northern Finland
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Aurion Resources Ltd. has acquired the Kaaresselkä and Kiekerömaa gold projects from Tertiary Minerals plc.
The projects were purchased for an initial £100,000 initial consideration to be paid by Aurion in the form £15,000 in cash and £85,000 in Aurion shares subject to certain royalties. Tertiary considers these projects to be non-core assets within its portfolio.
Kaaresselkä Project
Located approximately 22 km east-southeast from Kutuvuoma, the 315 ha Kaaresselkä project comprises multiple shear zone hosted gold zones that are up to 16 m wide and 650 m long. Multiple high grade drill intercepts including 11.0 g/t Au over 4.9 m, 13.5 g/t Au over 2.75 m, and 45.0 g/t Au over 2.0 m have been reported. Mineralization there was initially discovered by the geological survey of Finland (GTK) who subsequently did extensive geochemical and geophysical surveying, trenching and diamond drilling. Tertiary acquired the project by staking in 2003 and subsequently completed limited geochemical and geophysical surveys followed by drilling. No exploration has been conducted since 2004. All mineralized zones remain open along strike and down dip.
Kiekerömaa Project
Located approximately 7 km south-southwest from Kutuvuoma, the 840 ha Kiekerömaa project hosts gold mineralization over a strike length of 300 m. The prospect was discovered by the state mining company Outukumpu Oy in the late 1990s while exploring for base metals. Tertiary acquired the prospect in 2003 by staking and completed a small drill program in 2011. Historic drill intercepts from limited drilling by Otukumpu and Tertiary include 5.8 g/t Au over 5.0 m, 7.4 g/t Au over 2.0 m and 3.6 g/t Au over 4.6 m. The mineralization remains open in all directions.
About Aurion
Aurion Resources Ltd. is a Canadian precious metals exploration company currently exploring in Nevada and Finland. Their business model is predicated on the acquisition of high-quality, early-stage precious metal exploration opportunities that can be advanced primarily through joint venture partnerships. This partnership strategy mitigates risk to shareholders, and allows Aurion to focus on new opportunities.
To stop by Aurion’s website, CLICK HERE
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