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Last C$0.04 CAD
Change Today -0.01 / -20.00%
Volume 100.0K
As of 11:14 AM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

aurion resources ltd (AU) Snapshot

Open
C$0.05
Previous Close
C$0.05
Day High
C$0.05
Day Low
C$0.04
52 Week High
05/26/14 - C$0.08
52 Week Low
12/16/14 - C$0.03
Market Cap
1.8M
Average Volume 10 Days
30.8K
EPS TTM
C$-0.02
Shares Outstanding
43.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for AURION RESOURCES LTD (AU)

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aurion resources ltd (AU) Details

Aurion Resources Ltd. engages in the evaluation, acquisition, and exploration of mineral properties in Canada, Mexico, the United States, and Finland. It holds interests in the Logan Pass gold property, which comprises 517 unpatented claims covering an area of 4,320 hectares in Lincoln County, SE Nevada; and Bull property that includes 357 unpatented claims located in White Pine County, east-central Nevada. The company also holds interest in the Ahvenjarvi project, which covers an area of 1,830 hectares in Finland; the Kutuvuoma project that covers an area of 6,111 hectares in Finland; and the Silasselka project, which covers an area of 12,185 hectares in Finland. Aurion Resources Ltd was incorporated in 2006 and is headquartered in St. John's, Canada.

Founded in 2006

aurion resources ltd (AU) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$170.0K
Chief Financial Officer, Corporate Secretary ...
Total Annual Compensation: C$35.1K
Vice President of Exploration
Total Annual Compensation: C$192.9K
Compensation as of Fiscal Year 2013.

aurion resources ltd (AU) Key Developments

Aurion Resources Ltd. Appoints Matti Talikka to its Board of Directors

Aurion Resources Ltd. announced the appointment of Matti Talikka to its board of directors. Matti is currently General Manager, Exploration for Dragon Mining Limited. Matti is a member of the Australasian Institute of Mining and Metallurgy, and the Finnish Association of Mining and Metallurgical Engineers.

Aurion Resources Ltd. Discovers New Gold Mineralization in Northern Finland

Aurion Resources Ltd. provide the update on its inaugural Northern Finland exploration program conducted this past fall which included reconnaissance prospecting, geological mapping and trenching. Prospecting this past fall has outlined a new zone of gold mineralization (herein named "Quinlan Zone") at the company's owned Ahvenjarvi property. A total of 62 widely spaced rock samples were collected over a distance of 500 m in a north-south direction, of which 49 were from bedrock, assaying from nil to 28.3 g/t Au (grams per tonne gold). Of the 62 samples, 17 assayed greater than 1 g/t Au, 8 assayed greater than 5 g/t Au and 3 assayed greater than 15 g/t Au. The average of all samples is 2.1 g/t Au. The gold mineralization is accompanied by elevated tellurium (Te). The mineralization is comprised of a stockwork of mm to meter scale quartz-tourmaline-pyrite veins hosted by quartz-carbonate altered sandstone and conglomerate within a minimum 100 m wide zone of strong potassic (sericite and k-feldspar) alteration and iron oxide (magnetite and specular hematite) mineralization. The mineralization remains open in all directions. The south end of the Quinlan zone lies 100 m east of a previously documented gold occurrence where trenching and shallow RC drilling in the 1980's outlined a similar style of mineralization over 125 m in an east-west trend. Best results from this historic work include 6.2 g/t Au over 3 m (trench) and 2.3 g/t Au over 3 m from RC drilling. A total of 11 RC drillholes were drilled to a maximum depth of 60 m. A mechanical trenching program at the Kutuvuoma project this past fall, has identified new gold mineralization, up to 650 m east and 360 m west of the main deposit. Trench 2, situated 90 m east of the deposit assayed 4.7 g/t Au over 8 m including 10.0 g/t Au over 1 m. Trench 8 situated a further 560 m east returned 3.1 g/t Au over 5.6 m, including 10.0 g/t Au over 1.0 m. Trench 4 located 360 west of the main zone assayed 5.3 g/t Au over 4 m including 11.6 g/t Au over 1 m. Trenching was hampered by deep overburden prohibiting reaching bedrock in many places, however, despite this the trenching program successfully extended the Kutuvuoma trend to over 1,000 m in length and it remains open in both directions. The mineralization consists primarily of pyrrhotite, pyrite and lesser chalcopyrite sulphide breccias and sulphide bearing quartz veins and quartz breccias within quartz-carbonate altered, meta-sedimentary and meta-volcanic rocks. The new mineralization occurs in the same stratigraphic/structural position as the main Kutuvuoma deposit, demonstrating good lateral continuity. The Kutuvuoma property covers 6.5 km of strike length over prospective geological sequences and regional structures associated with gold mineralization. Only 1.5 km has been explored with geochemical and geophysical surveys. Targets identified from anomalous gold and pathfinder elements in till and rock samples remain untested to the west and east of the Kutuvuoma deposit. At the company's Poroaita zinc-lead-copper prospect located approximately 6.5 km southeast of Kutuvuoma, four samples collected from old trenches assayed 0.7 g/t Au to 11.8 g/t Au and 43 g/t Ag. The Poroaita prospect was discovered and drilled in the 1980's by the Finnish Geological Survey (GTK) and returned up to 1.8% Zn, 0.9% Pb and 0.14% Cu over 7.9 m from a 6-hole/450 m long drill program. It lies within a 10 km long trend parallel to the Kutuvuoma trend that has never been systematically explored for gold. Signficant gold mineralization in angular quartz boulders was discovered during reconnaissance prospecting at the Silasselka project. Assays from 56 rock samples ranged from nil to 219 g/t Au. A 10 cm wide, seemingly barren, quartz vein collected from a 3 m by 5 m outcrop submerged in a shallow stream 40 m west and upstream of the high grade boulder assayed 2.2 g/t Au. Many of the samples were also anomalous in arsenic (As), with samples assaying from nil to 5,410 ppm (parts per million). These samples were collected over a 6.5 km distance along the northern strike extension of the Hanhimaa Shear Zone (HSZ).

Aurion Resources Ltd. Receives Key Permits at Logan Pass

Aurion Resources Ltd. announced that it has received The U.S. Bureau of Land Management's Record of Decision confirming approval for a Plan of Operations for its Logan Pass carlin-type gold project in Nevada. The approved Plan of Operations allows Aurion up to 50 acres for exploration and development drilling in two primary target areas within its core group of claims. The Main Jasperoid is a Carlin-style gold prospect characterized by oxide gold mineralization in altered and silicified silty Carbonate rocks of the Pogonip Group. This prospect was outlined over an area of approximately 450 m (NW-SE) by 150 m in the early 1990's by surface sampling and limited RC drilling. Chip-channel samples collected by Aurion at the Main Jasperoid area yielded from below detection to 13.5 g/t Au over 2.0 m, and 7.2 g/t Au over 5.8 m. All samples had elevated Carlin-style As-Sb-Hg-Tl geochemistry. The best reported historic drill intersections at the Main Jasperoid include 2.3 g/t Au over 7.6 m, starting at 5 m below surface and 1.5 g/t Au over 9.2 m starting at 7 m below surface. Two holes drilled at that time approximately 185 m SE and 250 m S of the Main Jasperoid intersected oxide gold mineralization assaying 0.5 g/t Au over 13.7 m and 0.6 g/t Au over 12.2 m respectively.

 

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