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Auryn Resources Inc.
Summary
| Project: | Committee Bay | |
|---|---|---|
| Deposit: | Committee Bay | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/16/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-6-2017: Auryn Resources Inc. announces a Resource Estimation report for its Committee Bay deposit at the Committee Bay project. Updated resource estimate confirms previous estimate is still current. Roscoe Postle Associates Inc. (RPA) was retained by A | |
| Resources: | (Resource): 2.07Mt @ 7.85g/t Au (Ind.) and 2.93Mt @ 7.64g/t Au (Inf.) at Three Bluffs Deposit | |
| CP/QP: | [Resources]: David Ross (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | Roscoe Postle Associates Inc. (RPA) was retained by Auryn Resources Inc. (Auryn) to prepare an updated independent Technical Report on the Committee Bay Project (the Project or the Property), located in Nunavut Territory, Canada. The purpose of this report is to document the current Mineral Resource estimate and recent work completed by Auryn on the Project. This Technical Report conforms to NI 43-101 Standards of Disclosure for Mineral Projects. RPA visited the Property on August 16-17, 2016. The Project comprises three non-contiguous blocks consisting of 44 crown leases, 274 claims, and one sub-surface exploration agreement covering Inuit Owned Land (IOL) totalling approximately 427,978 ha, located in 1:250,000 scale NTS map sheets 56J, 56K, 59O and 56P, approximately 430 km northwest of the town of Rankin Inlet. Applications for 13 additional leases totalling approximately 13,714 ha are pending. The Property is accessible only by air. Auryn is a Vancouver-based company formed in June 2008 and is a reporting issuer in British Columbia, Alberta, and Ontario. The Mineral Resources at the Project are estimated to be approximately 2.07 million tonnes of Indicated Mineral Resources grading 7.85 g/t Au, containing 524,000 ounces of gold, and 2.93 million tonnes of Inferred Mineral Resources grading 7.64 g/t Au, containing 720,000 ounces of gold. | |
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