Newfoundland-headquartered gold junior Aurion Resources\u2019 (TSX-V: AU) stock soared over 27% on Tuesday after reporting new high-grade assay results from drilling at the Aamurusko prospect on its Risti project in northern Finland.<\/p>\n
Two of the first three drillholes intersected high-grade gold mineralization near surface, with 42.28\u00a0g\/t Au over 4.00\u00a0m\u00a0intersected in one drillhole and 24.50\u00a0g\/t Au over 4.75\u00a0m\u00a0intersected in another, Aurion said in a media statement<\/a>. This isn\u2019t the first time Aurion\u2019s Finland prospect has attracted investors\u2019 attention. Aurion\u2019s shares more than tripled<\/a> in 2017 when it first announced the Finland discovery.<\/p>\n Current work at the project site has also intersected gold mineralization in a 500\u00a0m step out drillhole, providing further evidence that additional near surface gold mineralization may exist in the same geological\/structural setting west of the current main focus of drilling, Aurion also reported Tuesday.<\/p>\n Vancouver-based Haywood securities, an investment firm with $7 billion in assets under management offered it’s take on the results.<\/p>\n \u201cToday\u2019s results continue to support the thesis that mineralization is broadly associated with the east-west trending intrusive gabbro and sedimentary rocks,\u201d Haywood stated.<\/p>\n Haywood also noted that several intersections occur away from the faulted contact, which could also widen the zone of potential mineralization at Aamurusko.<\/p>\n \u201cMore work is required to determine how significant these intersections are. The relative location of the high-grade drill intercepts and the high-grade boulders on surface suggests that there could be multiple zones of gold mineralization associated with the boulders,” the firm noted.<\/p>\n Drilling continues at Aamurusko, with assays pending for another six drillholes.<\/p>\n By market close on Tuesday, in heavy volumes of seven times the daily average, Aurion’s shares were trading at C$1.25. The company has a $84.2 million market capitalization.<\/p>\n The post Canadian gold junior hits the jackpot at Finland project<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Aurion Resources’ stock soared 27% Tuesday after reporting new high-grade assay results from drilling on its Risti project in northern Finland. <\/p>\n The post Canadian gold junior hits the jackpot at Finland project<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"author":47,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[1368,404,369],"tags":[25,119,48],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1098212"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/47"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1098212"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1098212\/revisions"}],"predecessor-version":[{"id":1098225,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1098212\/revisions\/1098225"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1098212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1098212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1098212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Aurion\u2019s shares more than tripled in 2017 when it first announced the Finland discovery.<\/q><\/p>\n