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Aurion Signs Definitive Option Agreement with B2Gold on Kuortis Property
Aurion Signs Definitive Option Agreement with B2Gold on Kuortis Property Canada...
About this update from Aurion Resources Ltd.
[{"type":"text","content":"\n \n \n \n Aurion Signs Definitive Option Agreement with B2Gold on Kuortis Property\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 ST. JOHN'S, NL\n \n ,\n \n Oct. 28, 2021\n \n /CNW/ -\n \n Aurion Resources Ltd.\n \n (TSX VENTURE: AU) (OTCQX: AIRRF)\n \n (\"Aurion\" or the \"Company\")\n \n reports that it has signed a formal definitive option agreement with B2Gold Corp. (TSX: BTO, NYSE MKT: BTG); (\"B2Gold\") granting B2Gold the right to earn up to an undivided 75% interest in the 53 km\n \n 2\n \n , Kuortis Property, which is located approximately 25 km south of Agnico-Eagle's Kittilä Mine and adjacent to the existing JV property with B2Gold.\n \n \n \n \n \n \n \n \n \n Figures associated with this release can be viewed at the Company's website:\n \n https://aurionresources.com/site/assets/files/1403/nr21-17figures.pdf\n \n .\n \n \n Under the terms of the agreement B2Gold can earn a 51% undivided interest in the Kuortis Property by incurring a minimum of\n \n CAD$750,000\n \n in exploration expenditures on or before the second anniversary of the agreement dated\n \n October 26, 2021\n \n ; incurring exploration expenditures not less than\n \n CAD$1,750,000\n \n on or before the fifth anniversary of the agreement date; and by issuing 25,000 B2Gold shares to Aurion.\n \n \n B2Gold can acquire an additional 24% undivided interest in the Property by completing the first option; issuing an additional 25,000 B2Gold shares; and incurring an additional\n \n CAD$2,500,000\n \n in exploration expenditures on or before the fifth anniversary.\n \n \n \"We are pleased to join forces with B2Gold's world-class exploration team on another project,\" commented\n \n Matti Talikka\n \n , Aurion's CEO. \"The Kuortis property is located adjacent to the existing JV property with B2Gold and further expands the land position in the vicinity of the crustal scale\n \n Sirkka Shear Zone\n \n that is considered to play a significant role in the development of gold mineralization within the Central Lapland Greenstone Belt including the recent s...