Business
Aurion JV Partner, B2Gold, Provides Notice to Exercise Option on Projects in Northern Finland
Aurion JV Partner, B2Gold, Provides Notice to Exercise Option on Projects in Northern Fin...
About this update from Aurion Resources Ltd.
[{"type":"text","content":"\n \n \n \n Aurion JV Partner, B2Gold, Provides Notice to Exercise Option on Projects in Northern Finland\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n \n \n \n \n \n ST. JOHNS, NL\n \n ,\n \n Oct. 18, 2021\n \n /CNW/ -\n \n Aurion Resources Ltd.\n \n (TSXV: AU) (OTCQX: AIRRF)\n \n (\"Aurion\" or the \"Company\")\n \n announces that B2Gold Corp. (TSX: BTO) has provided Aurion notice to exercise its option to acquire an additional 19% interest in the Finland Joint Venture (JV), taking its total interest to 70%.\n \n \n The JV covers an area of approximately 331 square kilometres along the major crustal scale\n \n Sirkka Shear Zone\n \n in the Central Lapland Greenstone Belt, and includes a number of discoveries such as Kutuvuoma (16.47 g/t Au over\n \n 11.0 m\n \n ), Soretiavuoma (48 g/t Au over\n \n 1.1 m\n \n ), Sinermä (0.54 g/t Au over\n \n 40.2 m\n \n ), Kiekerömaa (5.8 g/t Au over\n \n 5.0 m\n \n ) and Kettukuusikko (4.33 g/t Au over\n \n 20.4 m\n \n ). Furthermore, Rupert Resources' 4 million ounce Ikkari discovery is located immediately adjacent to the JV property.\n \n \n B2Gold advises that since the inception of the agreement, dated\n \n January 13, 2016\n \n , it has completed over CAN$15 million in exploration expenditures, paid Aurion CAN$50,000 in cash and issued 550,000 B2Gold shares.\n \n \n B2Gold also provided notice of its intention to sole fund all programs and budgets until completion of a Feasibility Study as required under the remaining option to acquire an additional 5% ownership interest, subject to its right to terminate sole funding at any time.\n \n \n B2Gold is currently completing a 5,000-metre diamond drill program on the Kutuvuoma-Ikkari corridor as well as base of till and trenching programs on a number of targets in the eastern part of the JV property.\n \n \n \"Aurion highly values the opportunity to work alongside a company of B2Gold's caliber who has a strong track record in exploration, development and mining, and we are pleased that our co-operation continues,\" commente...