Aurion CEO Applauds Team’s Success
Aurion CEO Matti Talikka commended the recent greenfield discovery on a blind target within the Aurion-B2Gold 290 sq. km JV property, praising the quality of B2Gold’s exploration team.
Intra-Day Stock Surge and Market Cap
Aurion’s shares surged to an intra-day high of C$0.62 before settling at C$0.59, reflecting investor enthusiasm. The company commands a market capitalization of C$79.5 million.
Exploration Program Progress
The completion of 4,000 meters of diamond drilling in the current year holds promise for substantial results. However, the program was disrupted following Rupert Resources’ expression of interest in acquiring B2Gold’s 70% interest in the JV on March 11.
Decision Time Looms for Aurion
Aurion finds itself at a crossroads as it contemplates its options regarding the right of first refusal under the 2019 shareholders agreement with B2Gold. The company must make a definitive choice by May 9.
Strategic Location and Proximity to Key Discoveries
The newfound discovery, situated 1.7 km northwest of the Kettukuusikko prospect and 38 km northwest of the Helmi discovery, underscores the rich geology of Lapland. The region teems with potential and showcases the allure of the Central Lapland belt. Rupert Resources’ involvement in the area, particularly with the Ikkari discovery, further enhances the sector’s vibrancy.
Potential for Growth and Further Discoveries
The JV between Aurion and B2Gold encapsulates a 290 sq. km area along the Sirkka Shear Zone, heralded for its propensity for gold occurrences. The historical significance of the region for yielding valuable discoveries signals the potential for continuous success and future breakthroughs.
