The Canadian gold explorer has a portfolio of properties in Finland, including its flagship Risti and Launi projects, as well as joint venture agreements with Kinross Gold, B2Gold and Strategic Resources in the Nordic country.
“The gold-producing industry appears to be finally emerging from a prolonged period of fiscal discipline, balance sheet repair and asset divestiture. The sector is now rapidly consolidating and moving towards a growth-seeking phase,” Lota wrote in a shareholder letter.
“With a growing high-grade surface discovery and a dominant land position in an emerging gold camp – we believe that Aurion is ideally positioned.”
Lotan said the St John’s, Newfoundland-based company will get to work on its high-grade surface discovery, Aamurusko, where drilling on the western and eastern extents of the boulder field indicates an “obvious and exciting” opportunity.
The chairman also said that the firm will look at a number of advanced targets on the wider Risti property, where Aamurusko lies at the centre.
The bulk of 2020 drilling concentrated on the Launi project, where exploration work is focused on trying to find the source of extensive surface mineralization. “The Hinge Zone and the many discrete gold-bearing veins intercepted in drilling suggest that we may be onto a significant gold-bearing system,” Lotan told investors.
As for Aurion’s joint venture with mining major B2Gold at Kutuvuoma, Lotan added that B2Gold is expected to test for the potential extensions of the Ikkari discovery, which is adjacent to Kutuvuoma.
“We look forward to delivering on the immense promise that we see in our projects and prospects during 2021,” wrote Lotan.
The full shareholder letter is accessible here.
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