Auryn to Commence Drilling at Committee Bay Gold Project
09 Julio 2018 - 6:00AM
Auryn Resources Inc. (TSX:AUG) (NYSE American:AUG)
(“Auryn” or the “Company) is pleased to announce
that it will commence drilling at its Committee Bay gold project on
July 15, 2018. The drill program will test six targets and
consist of approximately 10,000 meters, which will include a
combination of diamond drill core (6000 meters) and rotary air
blast (RAB) drilling (4000 meters). The program is following
up on the 2017 Aiviq discovery (12.2m of 4.7g/t gold1) as well as
exploring the Kalulik, Tulugaq, Aarluk, Castle Pebble and Koffy
prospects (Figure 1), which were identified through gold assays of
the 2017 high resolution (100 meter by 100 meter) till
sampling.
A Message from Auryn’s Executive
Chairman and Director:
Ivan Bebek stated, “We are very excited about
this year’s drill program as we will be following up on three years
of extensive exploration, a new high-grade discovery at our Aiviq
prospect that we made last year and five additional targets. The
drill targets notably have been refined through the tighter-spaced
surface sampling assay results received during the off-season.”
Mr. Bebek further stated, “Our portfolio of
projects once again becomes live with drilling for potential
high-grade gold discoveries in Canada while we are continuously
receiving new results from our Sombrero project in Peru.”
The Drill Plan:
The Company has identified six target areas for
approximately 10,000 m of drilling, which is presented below in
Table 1 and in Figures 2 – 7. The drill program is based
primarily on gold assays from the high resolution tills, boulder
mapping, and previous drill intercepts. This drill plan is
subject to change based on observations made during the
program.
Table 1:
Prospect |
Meters* |
Number of drill holes |
Aiviq Discovery Follow-up |
3200 |
12 (diamond drill holes) |
Aiviq Exploration |
1800 |
9 |
Kalulik |
1800 |
9 |
Tulugaq |
600 |
3 |
Aarluk |
1200 |
6 |
Castle Pebble |
800 |
4 |
Koffy |
600 |
3 |
|
Further Surface Work:
Further high-resolution till sampling is planned
for the West Plains and Anuri prospects both of which have
historical high-grade drill intercepts. The aim of this
surface work is to continue to develop the next series of drill
targets as the Company’s technical team believes these prospects
have excellent potential for a major discovery (see Figure 8). In
addition, regional till sampling (500 meter by 1 kilometer spaced
samples) will occur to the northeast of the Inuk prospect to
determine the potential for additional discoveries in the northeast
portion of the belt (Figure 8).
Michael Henrichsen (Chief Operating Officer),
P.Geo is the QP who assumes responsibility for the technical
contents of this press release.
ON BEHALF OF THE BOARD OF DIRECTORS OF AURYN
RESOURCES INC.
Ivan Bebek Executive Chairman and Director
For further information on Auryn Resources Inc., please contact
Natasha Frakes, Manager of Corporate Communications at (778)
729-0600 or info@aurynresources.com About
Auryn
Auryn Resources is a technically driven junior
mining exploration company focused on delivering shareholder value
through project acquisition and development. The Company’s
management team is highly experienced with an impressive track
record of success and has assembled an extensive technical team as
well as a premier gold exploration portfolio. Auryn is focused on
scalable high-grade gold deposits in established mining
jurisdictions, which include the Committee Bay and Gibson MacQuoid
gold projects located in Nunavut, the Homestake Ridge gold project
in British Columbia and a portfolio of gold projects in southern
Peru, through Corisur Peru SAC.
Forward Looking Information and
additional cautionary language
This release includes certain statements that
may be deemed “forward-looking statements”. Forward-looking
information is information that includes implied future performance
and/or forecast information including information relating to or
associated with the acquisition and title to mineral concessions.
These statements involve known and unknown risks, uncertainties and
other factors which may cause actual results, performance or
achievements of the Company to be materially different (either
positively or negatively) from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Readers should refer to the risks discussed in the
Company’s Annual Information Form and MD&A for the year ended
December 31, 2017 and subsequent continuous disclosure filings with
the Canadian Securities Administrators available
at www.sedar.com and the Company’s registration statement
on Form 40-F filed with the United States Securities and Exchange
Commission and available at www.sec.gov.
Disclaimer The Toronto Stock
Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this
release._____________________________1 See Auryn’s press release
dated September 14, 2017.
Photos accompanying this announcement are
available
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http://www.globenewswire.com/NewsRoom/AttachmentNg/8bd15bac-f6a7-4abd-93c6-62ad7b5dd202
http://www.globenewswire.com/NewsRoom/AttachmentNg/e7014509-ef1d-46df-be49-e794786d2fd8
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