Aurion Resources Ltd.

August 20, 2009 09:30 ET

Aurion Updates Activities

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 20, 2009) - Aurion Resources Ltd. ("Aurion" or the "Company") (TSX VENTURE:AU) reports the completion of its initial diamond drill program on the Kami property in Southeastern British Columbia.

The drill program tested a zone of flat-lying high-grade polymetallic, gold-silver veins, exposed within a coincident, 400 metres long, northwest trending induced polarization geophysical anomaly in the central part of the property. The veins are hosted within a variably altered granodiorite intrusive. Previous channel sampling returned up to 3.7 grams per tonne gold and 172 grams silver per tonne over 1.34 metres, and 37.4 grams per tonne gold and 201 grams per tonne silver over 0.22 metres.

The drill program comprised three holes totalling 310.28 metres. The first hole intersected a narrow quartz vein at 23.68 metres down hole that returned 1.43 grams gold per tonne and 66.3 grams silver per tonne over 0.15 metres. The second hole, which was collared approximately 100 metres to the north, intersected a quartz vein at 45.98 metres downhole that returned 1.67 grams gold per tonne and 50.7 grams silver per tonne over 0.35 metres. The third hole was collared approximately 150 metres northwest of the second hole and failed to return any significant values.

In addition, follow up prospecting of a 2007 soil geochemical anomaly approximately 200 metres northwest of the third hole, identified numerous angular quartz fragments containing a fine grained grey sulphide. This material assayed 15.6 grams per tonne gold and 864 grams per tonne silver. The soil at this site yielded 6.9 parts per million silver and 24 parts per billion gold. A more detailed soil sampling program followed by a hand trenching and mapping program over this anomaly is scheduled to begin this month.

Aurion can earn a 100% interest in the Kami Property, subject to a 2% net smelter royalty, by making staged cash/share payments and completing exploration expenditures of $1 million on or before November 4, 2011.

Samples of drill core were cut by a diamond blade rock saw, with half of the cut core placed in individual sealed polyurethane bags and half placed back in the original core box for permanent storage. Drill core samples were shipped by bus from Nelson in sealed woven plastic bags to Eco Tech Laboratory Ltd in Kamloops, B.C. Eco Tech Laboratory Ltd. operates according to the guidelines set out in ISO/IEC guide 25. Gold was determined by fire-assay fusion of a 30-gram subsample with atomic absorption spectroscopy (AAS). Various metals, including silver, gold, copper, lead and zinc, were analyzed by inductively coupled plasma (ICP) atomic emission spectroscopy, following multiacid digestion. The elements silver, copper, lead and zinc were determined by ore grade assay for samples that returned values greater than 10,000 parts per million by ICP analysis. A QA/QC program was implemented with the insertion of blanks, duplicates and mineralized standards into the sample stream.

Aurion is also actively evaluating several gold-silver projects for potential acquisition in North America and Mexico.

Richard Graham P.Geol., a director of Aurion, is a Qualified Person as defined by National Instrument 43-101, and is responsible for the preparation of the technical information in this release. All dollars are in Canadian currency unless otherwise stated.

Forward-Looking Statement

Some statements in this report contain forward-looking information. These statements include, but are not limited to, statements with respect to future exploration, expenditures, transactions and financings. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, risks related to actual results of exploration activities, the timing and amount of expenditures and the completion of transactions and financings.

On behalf of the Board, Michael Basha, President & CEO

Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Aurion Resources Ltd.
    Richard Graham
    (604) 689-1428
    (604) 681-4692 (FAX)