Aurion Resources Ltd has signed a formal definitive option agreement with B2Gold Corp. granting B2Gold the right to earn up to an undivided 75% interest in the 53 km2, Kuortis Property, which is located approximately 25 km south of Agnico-Eagle’s Kittilä Mine and adjacent to the existing JV property with B2Gold.
Under the terms of the agreement B2Gold can earn a 51% undivided interest in the Kuortis Property by incurring a minimum of CAN$750 000 in exploration expenditures on or before the second anniversary of the agreement dated 26 October 2021; incurring exploration expenditures not less than CAN$1.75 million on or before the fifth anniversary of the agreement date; and by issuing 25 000 B2Gold shares to Aurion.
B2Gold can acquire an additional 24% undivided interest in the Property by completing the first option; issuing an additional 25 000 B2Gold shares; and incurring an additional CAN$2.5 million in exploration expenditures on or before the fifth anniversary.
Matti Talikka, Aurion CEO, comments:
“We are pleased to join forces with B2Gold’s world-class exploration team on another project. The Kuortis property is located adjacent to the existing JV property with B2Gold and further expands the land position in the vicinity of the crustal scale Sirkka Shear Zone, that is considered to play a significant role in the development of gold mineralisation within the Central Lapland Greenstone Belt, including the recent significant discoveries by the Aurion-B2Gold JV and Rupert Resources.”
Read the article online at: https://www.globalminingreview.com/mining/01112021/aurion-signs-definitive-option-agreement-with-b2gold-on-kuortis-property/