Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe


Finland Gold Property Returns Positive Drill Results
Research Report

View Important Disclosures for this Article
Share on Stocktwits


The highlight is the discovery of a new area of gold mineralization, which further demonstrates the potential over the land package, noted a PI Financial report.

Aurion Resources Ltd.'s (AU:TSX.V) latest drill results from its joint venture project with operator B2Gold in Finland showed new areas of gold mineralization, reported PI Financial analyst Phil Ker in an August 21 research note.

"Drilling continues to demonstrate the unexplored nature across the property while positive success to date has led the JV to approve an increase to the 2023 exploration program to potentially expand on known zones of mineralization," Ker wrote.

Attractive Return

Following the announcement of these positive results, PI reiterated its Buy rating and CA$1.10 per share target price on Aurion. The Canadian explorer's current share price, in comparison, is CA$0.55.

The difference between these two prices implies a significant potential return for investors in Aurion of 100%.

"We continue to see value being added through the drill bit as Aurion and their joint venture partnership continue their exploration efforts in Finland," Ker commented.

New Discovery

The new discovery of gold mineralization at the Aurania-B2Gold Joint Venture was in the Vuoma area, 2.7 kilometers south of Helmi. With it, the joint venture partners "continue to demonstrate the potential across the property," wrote Ker.

The highlight result from Vuoma was 1.33 grams per ton (1.33 g/t) gold over 8.3 meters (8.3m) from hole VUO23007.

"The new discovery at Vuoma has been identified as being strongly deformed and altered host rock within a volcanic and sedimentary contact boundary which is similar throughout the district," noted Ker.

As for the Helmi discovery, a new standout intercept hit there was 1.21 g/t gold over 9.2m from hole IKK23045.

Outside the Test Pit

The drill bit also intersected new zones of gold mineralization at Kutuvuoma, outside the current test pit area, Ker reported. For instance, intercepts from there included 1.43 g/t gold over 10.45m from hole KU23011.

Drill Campaign Update

So far this year, about 8,200m were drilled at the joint venture project, testing targets identified via geophysical sampling and surveys.

Another 4,500m of drilling is planned for H2/23.

Want to be the first to know about interesting Gold investment ideas? Sign up to receive the FREE Streetwise Reports' newsletter. Subscribe

Important Disclosures:

  1. Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.
  2. The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

For additional disclosures, please click here.

Disclosures for PI Financial, Aurion Resources, August 21, 2023

Analyst Certification I, Phil Ker, hereby certify that all of the views expressed in this report accurately reflect my personal views about the subject securities or issuers. I also certify that no part of my compensation was, is, or will be, directly or indirectly related to the specific recommendations or views expressed in this report. I am the research analyst primarily responsible for preparing this report.

Research Disclosures

1. The analyst(s) responsible for the report or recommendation on the subject company, a member of the research analyst’s household, and associate of the research analyst, or any individual directly involved in the preparation of this report, have a financial interest in, or exercises investment discretion or control over, securities issued by the following companies.

2. PI Financial Corp. and/or its affiliates have received compensation for investment banking services for the subject company over the preceding 12- month period.

3. PI Financial Corp. and/or its affiliates expect to receive or intend to seek compensation for investment banking services from the subject company.

General Disclosure The affiliates of PI Financial Corp. are PI Financial (US) Corp., PI Financial Services Corp., and PI Capital Corp. Analysts are compensated through a combined base salary and bonus payout system. The bonus payout is amongst other factors determined by revenue generated directly or indirectly from various departments including Investment Banking. Evaluation is largely on an activity-based system that includes some of the following criteria: reports generated, timeliness, performance of recommendations, knowledge of industry, quality of research and investment guidance, and client feedback. Analysts and all other Research staff are not directly compensated for specific Investment Banking transactions. None of the material, nor its content, nor any copy of it, may be altered in any way, transmitted to, copied or distributed to any other party, without the prior express written permission of PI Financial Corp. PI Financial Corp.’s policies and procedures regarding dissemination of research, stock rating and target price changes can be reviewed on our corporate website at (Research: Research and Conflict Disclosure). The attached summarizes PI’s analysts review of the material operations of the attached company(s)

Want to read more about Gold investment ideas?
Get Our Streetwise Reports' Research Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe