Matti Talikka, CEO of Aurion Resources (TSX.V:AU) (OTCQX:AIRRF), joins us for a comprehensive exploration update from the Aurion-B2Gold Corp joint venture operated by B2Gold (TSX: BTO), as well as the Company’s 100% owned Risti exploration properties in the Central Lapland Greenstone Belt in northern Finland.  

On Aug. 21, 2023 results for 22 holes from the 2023 drilling program from the Aurion-B2Gold Corp joint venture were reported from a few key target areas.   Here is a brief summary of these results:

• Vuoma – Discovery of gold mineralization 2.7 km south of Helmi
  • 1.33 g/t Au over 8.30 m from 133.60 m (VUO23007)
  • Mineralization proximal to mainly untested 20+ km southern domain boundary
  • 15 km along strike from the Kaaresselkä Prospect (Aurion 100%)
• Helmi – Mineralization extended towards East
  • 1.21 g/t Au over 9.20 m from 392.00 m (IKK23045)
  • Identification of additional mineralized shoots
• Kutuvuoma – New zones of gold mineralization
  • 1.43 g/t Au over 10.45 m from 261.70 m (KU23011)
  • New zones south of historic mineralization
• Expanded drill program with 4,500 m planned for second half of 2023

Additionally, Matti shared with us that they are awaiting drill assays from a number of step-out and scout holes on the Company’s 100%-owned Risti property, continuing on from other targets explored lately at the Kaares Area, and new zone of gold mineralization at the Kaaresselkä Prospect, and other scout targets that will be announced to the market in the near future.

Next we discussed the developing news regarding the buyback of a 3% royalty on Aurion-B2Gold JV project.  The most recent announcement came out on Aug 16^th, that stated that Aurion will, on the date that it exercises the Option, pay Dragon Mining Ltd. €5,000,000, as follows:

• €4,000,000 in cash, of which B2Gold Corp. has agreed to contribute €3,500,000 (see press release dated July 31, 2023); and
• €1,000,000 in Aurion common shares – A total of 2,415,410 Shares will be issued, based on the 10-day volume-weighted average price of CAD$0.61/Share and a EURCAD exchange rate of 1.4734. The Shares will be subject to a statutory hold period of four months from Closing.

We wrap up with another piece of key news, just announced on August 23^rd, where  Aurion Resources has signed a formal definitive option agreement with Kinross Gold Corporation (TSX: K, NYSE: KGC); granting Kinross the right to earn up to an undivided 70% interest in the 42.74 km², Launi East Property, which is located to the southeast and adjacent to the Company’s 100%-owned Risti Property.  We unpack how this deal is mutually beneficial for both companies, and further solidifies Kinross as key strategic partner.

If you have any follow up questions for Matti on Aurion Resources, then please email me at Shad@kereport.com.

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Click here to visit the Aurion Resources website to read over the recent news releases.