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Auryn Resources Inc.
Summary
| Project: | Committee Bay | |
|---|---|---|
| Deposit: | Committee Bay | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 8/24/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-8-2017: Auryn Resources Inc. announces an Exploration/Drilling Update report for its Committee Bay deposit at the Committee Bay project. Drilling results incl. 9.15m @ 3.48g/t Au from 170.69m. Vancouver, British Columbia – August 24th, 2017 – Auryn Res | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael Henrichsen (Internal) | |
| ABSTRACT: | Vancouver, British Columbia – August 24th, 2017 – Auryn Resources Inc. (TSX: AUG, NYSE American: AUG, “Auryn” or the “Company”) is pleased to announce initial results from its summer exploration drill program at the Committee Bay Gold Project located in Nunavut, Canada. The results represent 15% or 21 holes out of 148 holes currently drilled across 18 targets in the belt this summer (see Figure 1). Highlights include 9.15 meters of 3.48 g/t Au and 1.53 meters of 7.48 g/t Au which ended in mineralization where the hole was lost at West Plains. West Plains remains open at depth (See Figure 2). President and CEO, Shawn Wallace stated, “We are pleased with the results we have seen to date and the level of efficiency of the work completed this season. The Committee Bay summer program is a considerable undertaking both technically and logistically. We are looking very forward to receiving the results of the remaining 25,000 meters as we have tested the most robust targets on the belt that we have found to date.” Mr. Wallace further stated, “this is an exciting time for Auryn shareholders as we enter a busy season of results from the Committee Bay and Homestake drill programs. Surface exploration is also currently underway in Peru ahead of drilling later this year.” The RAB drill program undertaken this year was designed to test new target structures underneath till cover and to drill the source rock of gold-in-till anomalies and mineralized boulder trains. To date 15% of the results have been received, with the complete results from the West Plains, Ziggy South, and Avinngaq targets reported in Table 2 below. The summer exploration RAB drill program has approximately 25,000 meters in 127 holes remaining to be released in the coming months. | |
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