“A new discovery, greenfield and on a blind target, further highlights the prospectivity of the Aurion-B2Gold 290 sq. km JV property and the quality of B2Gold’s exploration team,” Aurion CEO Matti Talikka said.
Company shares reached an intra-day high of C$0.62 apiece before settling at C$0.59. Aurion has a market capitalization of C$79.5 million.
Results are pending for about 4,000 metres of diamond drilling completed this year.
However, the drilling program was halted after Rupert Resources (TSX: RUP) entered discussions on March 11 to buy B2Gold‘s 70% interest in the JV. Aurion says it is considering its options regarding its right of first refusal. It will have until May 9 to decide whether to exercise the right, granted under a 2019 shareholders agreement between the partners.
The discovery is located 1.7 km northwest of the Kettukuusikko prospect and 38 km northwest of the Helmi discovery.
Rupert is also focused on…
