(AU.V) Feb. 12, 2019 – Aurion Resources Ltd. has reported on the recent discovery of widespread gold mineralization at its 100-percent-owned Launi East project in northern Finland.
Reconnaissance prospecting on Aurion’s wholly owned 4,250-hectare Launi East project has resulted in the discovery of several zones of gold mineralization comprising angular quartz boulders and outcrop over an area of approximately two square kilometres. A total of 399 rock samples assayed from nil to 379 g/t gold (Au) and average 2.47 g/t Au.
Individual veins can be traced for more than 100 metres in outcrop and sub-outcrop and are generally less than one metre wide but can reach up to 1.9 metre width. One zone of quartz veining (Prospect Area 1) comprising multiple parallel 5- to 30-centimetre-wide individual quartz veins within a 2- to 5-metre-wide zone was traced for more than 115 metres.
A total of 52 rock chip grab samples were collected over this distance, assaying from nil to 74.3 g/t Au, averaging 10 g/t Au. A total of 12 outcrop samples were collected over a distance of 90 metres within the trend. They assayed from 0.009 g/t Au to 74.3 g/t Au, including five outcrop samples that assayed 74.3, 52.9, 48.6, 38 and 28.7 g/t Au. Significant alteration including fuchsite, tourmaline, sericite and iron-carbonate is widespread throughout the property.
These showings are within one kilometre of a major flexure in the more than 125-kilometre-long regional scale Sirkka shear zone, which the property straddles. Aurion controls land holdings covering approximately 80 kilometres of the Sirkka shear zone.
The Launi East property lies approximately 8 to 10 kilometres south of the Risti project, 10 kilometres northwest of the municipality of Sodankyla and is easily accessed by gravel road. The property has had no documented history of mineral exploration or mineral claims. The Launi East exploration licence was recently granted and came into validity on Jan. 21.
The sampling to date is preliminary in nature, and consists primarily of grab samples of sub-outcrop, outcrop and quartz boulders in glacial till. Although every effort is made to ensure that the samples are representative, the very nature of this type of sampling involves natural variations and inconsistencies. Insufficient work has been carried out to date in order to determine the source of many of the mineralized quartz boulders.
“The discovery of new gold mineralization in another area with no history of mineral exploration again demonstrates how underexplored the Central Lapland greenstone belt and the Sirkka shear zone are,” said Aurion Resources president and CEO Mike Basha. “It is very early days at Launi. We look forward to advancing Launi further during the upcoming field season.”Disclaimer: ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.