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Forw rward-Lookin ing St Statements This presentation includes - - PowerPoint PPT Presentation

Mar 17, 2023 37 likes •270 views

Forw rward-Lookin ing St Statements This presentation includes 'Forward-Looking Statements' related to Aurions continued effort to advance its mineral exploration programs. When used in this presentation, the words "potential,"

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Forw rward-Lookin ing St Statements

This presentation includes 'Forward-Looking Statements' related to Aurion’s continued effort to advance its mineral exploration programs. When used in this presentation, the words "potential," "anticipate," "forecast," "believe," "estimate," "expect," "may," "project," "plan," and similar expressions are intended to be among the statements that identify 'Forward-Looking Statements.' Although Aurion Resources believes that its expectations reflected in these 'Forward-Looking Statements' are reasonable, such statements may involve unknown risks, uncertainties and other factors disclosed in our regulatory filings, viewed on the SEDAR website at www.sedar.com. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. Aurion does not make any representation as to the accuracy, validity or completeness of any facts or information contained herein. Nothing herein constitutes either an offer to sell or a solicitation of an

  • ffer to buy any securities in the United States or any other jurisdiction.

Mike Basha, P.Eng., P.Geo., Aurion’s President and CEO, is a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects and has approved the technical disclosure and verified the technical information in this presentation.

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  • High Geological Prospectivity
  • Several world class deposits and prospects
  • Kittila (Au)
  • Kevitsa (Ni-Cu-PGM)
  • Sakatti (Ni-Cu-PGM)
  • Underexplored – only open to foreign explorer/miners in mid-1990’s after Finland joined EU
  • Exploration previously driven by state mining company Outokumpu and the Geological Survey of

Finland (GTK) looking for base metals

  • Low drill density and shallow depth
  • Stable government and transparent regulatory regimes
  • Consistently ranks in the top 5 Fraser Institute Survey
  • Low corruption index
  • Fair and stable fiscal / tax systems
  • corporate tax rate 24.5% ; lowered to 20% to attract investment
  • Small royalties
  • Skilled and educated workforce
  • Access to infrastructure
  • Exceptional foundational geoscientific databases (GTK, Outukumpu, TUKES) at free or minimal cost
  • Support by local government and community for responsible mineral development.

Why Ce Central l La Lapla land Greenstone Be Belt lt (C (CLGB)? )?

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✓

Favourable tectonic se setting and and ag age e for

  • r or
  • rogenic gold
  • ld (f

(fol

  • lded Lo

Lower Proterozoic vol

  • lcano-sedimentary seq

sequence de deformed in in the 1.91 .91-1.79 Ga a Svecofennian or

  • rogeny)

✓

Greenschist faci acies s metamorphism sm (38 (3800 00 km2)

✓

Maj ajor trans-crustal sc scal ale faul ault (12 (125 5 km lon long Sirk Sirkka Lin Line) wit ith fle flexures

✓

La Late conglomerates spa spatially as assoc sociated with ith thi his majo ajor faul ault and and pul pull-apart basi basins

✓

Fe Fe-tholeiites s = = goo

  • od hos

host (as (as at Red ed Lak Lake, Tim immins, s, Hope Bay)

✓

Komatiites s (r (rar are in in Lo Lower Proterozoic) and and lam lamprophyres, , de deep man antle tap apping

✓

Syenite (e (evidence for

  • r alk

alkaline ign igneous act activity)

✓

Graphitic schi chists (goo

  • od rheologic con
  • ntrast and

and reducing po potential)

✓

Fuc Fuchsi site, ir iron car arbonate, ser sericite, talc alc, ser serpentine alt alteration (aq aquacludes)

✓

Terrane bo boundaries/ s/regional unc unconformities s juxt juxtaposi sing g dif different structural le levels

✓

Und nderexplored (lo low dr drill de densi sity and and gen enerally onl

  • nly shal

shallow dr drilling); no not he heavily pr prosp spected

✓

Known gol

  • ld sho

showings s and and de deposi sits s inc including Kit Kittila (28 (28 Mt @ 4.6 4.6 g/t Au Au = = 4.4 4.4 M oz

  • z Au

Au pr proven and and pr probable [7.8 [7.8 M oz

  • z

Au Au all all categories] s] as as of

  • f Dec

December 31 31, , 20 2016 16)

✓

St Strong fou

  • undational government (G

(GTK) geo eologi gic res esearch and and geo eodatabases s exi xist inc including seis seismic pr profi files

✓ These characteristics are “hallmarks” of other prolific greenstone gold belts and thus by

inference the CL CLGB sho should ld ha have much mor

  • re rea

eali lized gold

  • ld en

endowment.

Favourable le Geolo logic ical l Features of f th the CL CLGB

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Sirkka Line Kittila Gold Mine

Aamurusko

Belt ltwid ide Alt lteratio ion and Gold ld Occurr rrences

v

Ruoppa Sila

= visible gold

Sore Kutuvuoma Ahvenjarvi

All the usual suspects are present including Albite, Fuchsite, Sericite, Tourmaline and of course GOLD.

Source: GTK Bedrock Obs database; Aurion

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6

Extensive fuchsite + qtz-carb veining at quarry adjacent to Sirkka Line

CLGB - Belt ltwid ide Alt lteratio ion - Fuchsit ite

Green Ore from Kerr Addison Mine, Kirkland Lake VG hosted by qtz-carb-fuch-po veinlets Kutuvuoma

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(undivided)

7 Kittila Mine Kutuvuoma Sore

Aamurusko

Ahvenjarvi Aurion land position primarily focused on 125 km long Sirkka Shear Zone, a major fault/deformation zone recording collision between Kittila Terrane (primarily mafic volcanics) and Savukoski Terrane (primarily ultramafic volcanics and graphitic and sulfidic sediments), later oblique movement and development of pull apart basins filled by Kumpu conglomerates and quartzites; Gold mineralization (Aamurusko) is spatially associated with regional unconformities between the <1.85 Ga Kumpu Group on Kittila, Savukoski and Sodankyla Groups adjacent to the Sirkka Line Ruoppa Ruoppa

Auri rion La Land Posit sitio ion

Regional l CLGB Unconformitie ies an and Sirk irkka Lin Line

Kumpu Group

(Modified 1:200k Geology, after GTK)

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Kirkland Lake Main Break 49 Mt @ 15 g/t Au Larder lake-Cadillac Zone 40 Mt @ 8.5 g/t Au

Kumpu Group Timiskaming Group

Aamuruusko Kutuvuoma Ahvenjarvi Sore Outapaa

Kumpu Group analo logous to Tim Timis iskamin ing Group (s (same sc scale le)

Many gold prospects occur adjacent to the Sirkka Shear Zone and the adjacent late Kumpu Group (clastic seds deposited in pull apart basins). This settings potential for orogenic gold deposits was previously unrecognized in the CLGB. Intense prospecting of this setting ultimately led to the Aamurusko gold discovery.

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Ris isti – Au Au-in in-Rock

Results to date:

  • Aamurusko:
  • 717 rock samples

average 33 g/t Au (102 samples > 31 g/t Au) over 1.4 km long by 1.0 km wide NE-SW corridor

  • 43.3 g/t Au over 1.65

m and 20.6 g/t Au

  • ver 2.5 (Channel

samples)

  • K2 Zone
  • 1.7 km SW along strike

from Aamurusko

  • Qtz boulders over 100

m assaying up to 166 g/t Au

  • Notches
  • Beginning 3.0 km

Widespread Au in qtz stockwork/breccia veins with visible gold

  • ver 5 km; assays of

420 and 622 g/t Au

  • Risti NW
  • Limited prospecting

5.5 km NW with qtz veins assaying up to 14.1 g/t Au

To date Aurion has collected 2232 rock samples averaging 11.8 g/t Au across the Risti project. Aurion’s work to date has demonstrated regional, possibly camp scale gold potential associated with regional unconformities, a previously unrecognized setting for gold mineralization in CLGB.

(1:200k Geology, GTK)

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Ri Risti - Aamurusko

Ser Serie ies of

  • f very

ry lar arge ang angular qu quartz bo boulders s wit ith ab abundant VG

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11

La Large Quartz Vein in Blo Blocks with ith Visi isible le Gold ld

VG next picture

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polymictic conglomerate quartzite mafic volcanic graph schist

Aamurusko Bould lder Channel Samplin ing

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Doris, Hope Bay, Canada Red Lake, Canada

Visible gold at Aamurusko

  • ften found along crack-seal

fractures similar in style to Red Lake and Doris Au Mines (Canada) Aamurusko Main Trend, Finland

Ris isti - Aamurusko

Rock Textu xtures

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Ris isti - Aamurusko

Rock Textu xtures

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15

  • Frost heave is a well

known phenomenon in Fennoscandia; roads heave as much as 0.5 m annually.

  • Frost heaves boulders to

the surface in a short time

  • In the picture to the right

this boulder was

  • bserved for 5 years.

Initially, only a corner was sticking out of the ground but within 5 years the entire 0.5 x0.6 x0.8m boulder was on the surface.

  • Minor late glacial

dispersion (Seppela, 1975)

How did id th the bould lders get t here? Frost Heavin ing?

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Aamurusko

Glacial striations (GTK data) Indicate a west to east ice flow direction; thus NE-SW distribution of boulders not due to glacial dispersion

Kutuvuoma

Ris isti: Regio ional l Gla lacia ial l His istory ry (GTK TK)

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Extensive quartz stockworking locally in outcrop

Ris isti - Aamurusko

Not ju just bou

  • ulders
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Pull apart basin

Aamurusko

Kutuvuoma

Conglomerates Deposited on unconformities

Sirkka Shear Zone – Major regional deformation Zone

Fault-bounded Kumpu Group Quartzite and Conglomerate:

Extension –> step-over, pull apart basin

A A’

Ris isti - Aamurusko Geolo logic ical l Se Settin ing

Kumpu Group Quartzite

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Timmins Kirkland Lake

Timiskaming polymictic conglomerates Aamurusko Conglomerates

Ris isti - Aamurusko Geolo logic ical l Se Settin ing

Timmins

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Graben develops in rift

  • 1. Rift flanks erode and deliver sediments

into growing basin

  • 2. At cessation of extension, seds fill remaining basin space

Kumpu Group Quartzites compressional stage: shortening and thickening of basin fill normal faults reactivated as reverse faults. Thrusts develop. Basin inversion continued shortening causes uplift, reverse faults steepen topo high – Kumpu = hill in Finnish folded 1 2 3 4

doming = doubly plunging anticlines

3. 4.

Kumpu Group Basin Development

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21 Kumpu Quartzite Kumpu Conglomerate Primarily ultramafic rocks Primarily mafic rocks

Gold prospects

Au Au

Intrusions created by melting of country rocks during metamorphism; high heat flow driving hydrothermal systems

Au Au Au Unconformities

A A’

Ris isti - Aamurusko Sc Schematic ic Se Secti tion Analo logous to Tim Timmin ins and Kirk Kirkla land Lake

Au

Kirkland Lake Pull apart

Timmins Pull Apart (After Bleeker, 2015)

  • At least 72.5 million ounces of gold have been produced in Timmins Camp, from
  • Veins within a panel of clastic rocks known as the Timiskaming Group or Veins at

the base of this clastic package along an unconformity, or Veins hosted by deformed greenstones and porphyry intrusions

  • All 72.5 million ounces are found within approximately 0.1 to 5.5 km of the

Porcupine-Destor Fault Zone

  • In the Central Lapland Greenstone Belt, the Kumpu Group of clastics adjacent to

the Sirkka Shear Zone represents a compelling analogy to Timmins

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Porcupine Destor Deformation Zone with 2.5 km buffer Sirkka Line with 2.5 km buffer

75 Million Ounces Timmins Camp

greenschist

Hoyle Pond Risti

Kittila 7.7 Moz = gold showing = gold mine = gold mine

Sa Same-Scale le Co Comparis ison of f CL CLGB & & Tim Timmin ins

Aamurusko CLGB

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Significant, high-quality land position in emerging prospective gold district

  • 100% owned Risti high-grade gold project with significant scale and upside
  • 3400 m Drilling at Aamurusko – increased to 5000 m
  • Results in January
  • Potential district scale gold system in previously unrecognized geological setting analogous

to other world class gold camps (eg, Timmins, Kirkland Lake)

  • 100% ownership of 200,000 ha in the underexplored and prospective CLGB
  • Well funded with ~$23M in cash
  • Pipeline of project opportunities in portfolio
  • Joint Venture partnership with B2Gold on Kutuvuoma
  • B2Gold to spend CAN$3.5 million in 2017
  • Drilling at Kutuvuoma scheduled to begin in Q4

Su Summary ry

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  • gold occurrence