- New gold intercepts at the Helmi Discovery include:
- 0.82 g/t Au over 108.10 m
- 1.10 g/t Au over 35.20 m
- 1.29 g/t Au over 22.15 m
- Gold mineralization extended to at least 500 m depth from surface
- 11,000 m drilling program ongoing
- New gold intercepts at the Helmi Discovery include:
- 0.82 g/t Au over 108.10 m from 286.30 m, including 1.55 g/t Au over 16.00 m (IKK22038)
- 1.10 g/t Au over 35.20 m from 495.10 m (IKK22038)
- 1.29 g/t Au over 22.15 m from 258.75 m (IKK22036)
- Mineralization extends to at least 500 m depth from surface
- The mineralization remains open along strike and at depth
- 11,000 m drilling program ongoing
- Approximately 11,000 m of drilling planned for second half of 2022
- Drilling ongoing with two rigs; one focusing on the Helmi area and one testing regional targets
"The scale of the mineralized system at Helmi is expanding favorably. Gold mineralization has now been intersected along a strike length of over 1.3 km and at least to 500 m depth from surface." Commented Aurion's CEO,
Figures associated with this release can be found at the following link:
https://aurionresources.com/site/assets/files/1452/nr22-13figures.pdf
The Helmi Discovery is located approximately 1.3 km west of Rupert Resources' 3.95-million-ounce Ikkari Discovery. The Helmi area covers approximately 1.5 km strike length of the 8 km long sequence of prospective geology along a domain boundary in the eastern part of the JV property extending from the Ikkari Discovery to the Kutuvuoma test pit.
The Helmi Discovery was made during the second half of 2021 and drilling has returned a number of significant intercepts including 2.05 g/t Au over 77.50 m, 1.84 g/t Au over 52.40 m, 2.44 g/t Au over 43.45 m, 1.73 g/t Au over 44.95 m, 1.42 g/t Au over 30.70 m, 1.42 g/t Au over 30.60 m, 1.46 g/t Au over 39.00 m, 1.46 g/t Au over 28.70 m , 1.45 g/t Au over 35.50 m, 1.11 g/t Au over 45.80 m and 2.05 g/t Au over 18.30 m. Gold mineralization at Helmi has been intersected over 1 km strike length and the mineralized zones remain open along strike and at depth.
Mineralization at Helmi is mainly hosted by strongly deformed and biotite-chlorite+/-magnetite-altered, quartz-carbonate-magnetite veined ultramafic rocks and mafic tuffs with fine grained veinlet and disseminated pyrite. Gold mineralization has also been encountered in sedimentary rocks across the domain boundary.
The summer-fall drill program is a follow-up to the successful winter-spring drill program at Helmi. The approximately 11,000 m program, commenced in June, is designed to further test the strike and depth extensions of the mineralized zones at Helmi and regional targets identified from the geophysical and geochemical surveys.
This press release contains results for three holes (1,460.30 m) that targeted the Helmi Discovery. The drill results returned the widest interval of gold mineralization to date at Helmi and extended the mineralized envelope to at least 500 m depth from surface.
Aurion-B2Gold JV Drilling Result Summary | |||||||
Hole ID | Azimuth | Dip | From (m) | To (m) | Width (m) | Au (g/t) | Target Area / Notes |
IKK22036 | 159.5 | -65.0 | 258.75 | 280.90 | 22.15 | 1.29 | Helmi |
and | 288.20 | 291.70 | 3.50 | 1.09 | |||
and | 317.90 | 327.55 | 9.65 | 0.74 | |||
and | 337.40 | 339.55 | 2.15 | 3.95 | |||
IKK22037 | 159.5 | -70.0 | NSV | Helmi | |||
IKK22038 | 159.5 | -65.0 | 185.10 | 186.35 | 1.25 | 3.22 | Helmi |
and | 286.30 | 394.40 | 108.10 | 0.82 | |||
incl. | 344.60 | 360.60 | 16.00 | 1.55 | |||
and | 414.85 | 448.60 | 33.75 | 0.50 | |||
and | 456.65 | 465.00 | 8.35 | 1.03 | |||
and | 495.10 | 530.30 | 35.20 | 1.10 | |||
incl. | 505.70 | 512.55 | 6.85 | 2.00 | |||
incl. | 518.30 | 520.85 | 2.55 | 3.03 | |||
and | 542.75 | 550.90 | 8.15 | 0.45 | |||
and | 579.75 | 580.20 | 0.45 | 1.32 |
All widths are core widths.True width is not known at this time. All assay values are uncut. | |
NSV - no significant values | |
Drill hole IKK22036 was collared in the eastern part of Helmi, 90 m to the north from IKK21005 (1.33 g/t Au over 9.15 m) and was drilled from north to south. IKK22036 intersected four mineralized intervals, 1.29 g/t Au over 22.15 m from 258.75 m, 1.09 g/t Au over 3.50 m from 288.20 m, 0.74 g/t Au over 9.65 m from 317.90 m and 3.95 g/t Au over 2.15 m from 337.40 m.
Drill hole IKK22037 was collared from the same site as IKK22036 and was drilled from north to south as an undercut hole to IKK22036. IKK22037 did not intersect significant mineralization.
Drill hole IKK22038 was collared in the eastern part of Helmi, 90 m to the north from IKK22032 (1.06 g/t Au over 4.83 m) and was drilled from north to south. IKK22038 intersected numerous mineralized intervals with the widest interval returning 0.82 g/t Au over 108.10 m from 286.30 m including 1.55 g/t Au over 16.00 m from 344.60 m. The second widest interval returned 1.10 g/t Au over 35.20 m from 495.10 m including 2.00 g/t Au over 6.85 m from 505.70 m and 3.03 g/t Au over 2.55 m from 518.30 m. Gold mineralization is hosted by mafic-ultramafic and sedimentary rocks. Notably, the bulk of the mineralization lies within a broader zone which assays 0.63 g/t Au over 264.60 m from 286.30 m. The interpretation of the geological information suggests that the drill hole has intersected the periphery of a steeply south-dipping mineralized lens with true width ranging from 30 to 55 m. This hole extended the mineralization to a depth of at least 500 m from surface and 600 m down plunge along an interpreted mineralized envelope.
The JV (30% Aurion/70% B2Gold) covers approximately 331 km2 along the major crustal scale
B2Gold is the operator of the JV. The expanded budget for 2022 is approximately CAN$13.5 million (from CAN$10.0 million) and includes approximately 17,000 m of drilling. The JV will also continue to perform geophysical surveys and base of till sampling programs that have been successfully used to generate drill targets.
All samples were delivered to ALS preparation facility in Sodankylä,
This news release has been reviewed by
On behalf of the Board of Directors,
Neither the
SOURCE
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