Make Kitco Your Homepage

Aurion Resources tumbles 35% on drill results

Kitco News

Aurion Resources, which is operating in Finland, saw its stock drop 35% to $1.10 a share on drill results released today.

The comany (TSX-V:AU) is drilling on its Launi Property in Northern Finland.

"Initial drilling at the CDZ area of Launi East appears to have intercepted the Big Blow 1 vein in three instances over approximately 400 m of strike length and to a depth of approximately 130 m. Two of the three intercepts included intervals grading above 3 g/t Au,” commented Dave Lotan, Chairman.

"Gold grades were possibly impacted by poor core recovery. Other zones in the CDZ showing anomalous gold grades were also possibly impacted by core loss.

“Our initial efforts at the CDZ area suggest that gold is confined to quartz veins. Further testing of the CDZ will be refined to test known veins in the most efficient manner. Drilling has recommenced at Launi to further test the CDZ as well as the Bonanza, Midsommer and Hematite City targets.”

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Precious Metal Charts

Follow Kitco News