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KRO Profile
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Price:$0.590  Open Rec:See Strategy
Market Cap:$69,485,094  WC % of Mkt Cap:28%
Working Cap:$19,205,810  As of:6/30/2022
Issued:117,771,345  Insider %:18.4%
Diluted:127,253,894  Story Type:Resource: Discovery Exploration
Key People:Matti Talikka (CEO), David Lotan (Chair), Mark Serdan (CFO),
SV Rating: Fair Spec Value - Favorite - as of December 31, 2021: Aurion Resources Ltd is a Fair Spec Value rated Favorite at $1.30 effective December 31, 2021 based on its strategic land position within the Central Lapland Greenstone Belt of northern Finland where a 4 million ounce gold discovery in 2020 by Rupert Resources Ltd is likely to result in a district consolidation over the next two years. The CLGB has a scale similar to the Abitibi Greenstone Belt but has recorded the discovery of only 9.1 million ounces gold compared to 85 million ounces in the Abitibi largely due to relative under-exploration. Finland's geological survey, GTK, dominated exploration activity and outlined a 285,000 oz orogenic style gold deposit in 1987-1991 at the Suurikuusikko project. In 1997 Finland changed its mining code to allow exploration by foreigners; Riddarhyttan Resources AB won the public tender in 1998 and delineated the deposit with backing from Agnico-Eagle which acquired the entire project in 2005 and put it into production as the 6,000 tpd Kittila Mine in 2009. At the end of 2020 the Kittila resource stood at 4.1 million oz (30 million t @ 4.16 g/t Au) with Agnico-Eagle guiding 250,000 oz production for 2021 and a mine life until 2034. Aurion was a struggling prospect-generator-farmout junior when David Lotan took charge and refocused the junior to Finland by acquiring a major land position in 2014 from Dragon Mining Ltd. The geological hypothesis was that the 120 km long Sirkka Shear Zone was the crustal scale equivalent to the Destor-Porcupine Fault that runs through the Timmins District in Ontario and that tens of million ounces remained to be found by exploring the splays that come off this structure. This flew in the face of the fact that the refractory Kittila Mine is more than 20 km from the SSZ. A large portion of the land packag...(see Profile for full Overview)
Last KRO Comment - Jan 24, 2022: Tracker: Spec Value Rating for Aurion Resources Ltd
Recent News - Nov 28, 2022: Provides an Update on Exploration Activities at Risti
  Project Interest   Country Region Stage IPV
($mm)
Target Deposit
Model
Risti 100% WI Finland Other 3-Discovery Delineation $75 Gold Shear / Vein
Kutuvuoma 30% WI Finland Other 3-Discovery Delineation $250 Gold Orogenic Vein
Launi 100% WI Finland Other 2-Target Drilling $75 Gold Orogenic Vein
Silaskaira 30% TC Finland Other 1-Grassroots $250 Gold Orogenic Vein
Price:$1.110  Open Rec:See Strategy
Market Cap:$203,260,007  WC % of Mkt Cap:3%
Working Cap:$5,431,372  As of:8/31/2022
Issued:183,117,123  Insider %:13.8%
Diluted:204,628,766  Story Type:Resource: Discovery Exploration
Key People:Hugh (Mac) Balkam (CEO), Carmelo Marrelli (CFO), John DeDecker (VP EX), M. Robert Myhill (VP FI), William R. Johnstone (Sec),
SV Rating: Fair Spec Value - Favorite - as of December 31, 2021
Last Corporate Change - Nov 3, 2009: 1:1 Name Change from Kenrich-Eskay Mining (KRE-V)
Last KRO Comment - Sep 18, 2020: Tracker: What's Next for Eskay Creek Mining Corp?
Recent News - Oct 7, 2022: Reaches Drilling Goal as the 2022 Exploration Campaign Nears Completion
  Project Interest   Country Region Stage IPV
($mm)
Target Deposit
Model
Eskay 100% WI Canada Golden Triangle 3-Discovery Delineation $227 Gold Silver Copper Lead Zinc VMS
North Mitchell 80% WI Canada Golden Triangle 2-Target Drilling $284 Gold Epithermal Vein
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