Aurion Resources – Exploration Update At The Helmi JV with B2Gold And At The 100% Owned Risti Project
Matti Talikka, CEO of Aurion Resources (TSX.V:AU – OTCQX:AIRRF), joins us to recap more long intercepts of drill results out of the Helmi Discovery on the Aurion-B2Gold Joint-Venture, in the Central Lapland Greenstone Belt in northern Finland. The exploration team has hit gold mineralization in 17 out of the 18 step out holes in the winter drilling program and 5 of the scout holes, with ongoing drilling and more results to report as the year progresses. The budget has also been increased to $3.5 million to continue expanding the exploration work at Helmi.
Next we touched on the news announced August 8th on the transaction with Tertiary Minerals Plc to acquire and cancel royalties on the Kaaresselkä (Risti, 100% Aurion) and Kiekerömaa (B2Gold JV) gold prospects for a total consideration of CAD$200,000 and 83,333 Aurion common shares. It is advantageous for the company to have removed the royalties from both projects, and to have brought on a new stakeholder in Tertiary Minerals.
We wrap up outlining the upcoming summer dill season that will proceed through the end of the year at the 100% owned Risiti property, testing for extensions of gold mineralization at the Aamurusko Area, and scout drilling to test regional targets such as base of till anomalies and geophysical features.
If you have any follow up questions for Matti on Aurion Resources, then please email us at either Fleck@kereport.com or Shad@kereport.com.