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Auryn Resources Inc.
Summary
| Project: | Homestake Ridge | |
|---|---|---|
| Deposit: | Homestake Ridge | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 12/12/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-12-2017: Auryn Resources Inc. announces an Exploration/Drilling Update report for its Homestake Ridge deposit at the Homestake Ridge project. Drilling results incl. 30m @ 2g/t Au, 3.5g/t Ag from 258m. Vancouver, British Columbia – December 12th, 2017 – | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael Henrichsen (Internal) | |
| ABSTRACT: | Vancouver, British Columbia – December 12th, 2017 – Auryn Resources Inc. (TSX: AUG, NYSE American: AUG, “Auryn” or the “Company”) is pleased to announce drill results from its summer exploration drill program at the Homestake Ridge gold-silver epithermal project located within the Golden Triangle in British Columbia, Canada. Auryn targeted 2 out of 7 expansion opportunities identified away from the existing deposits (Figure 1) and was successful in identifying the plunge of the high-grade South Reef zone. Highlights include 30 meters of 2.00 g/t Au (including 4m @ 6.03g/t Au & 2m @ 11.80 g/t Au), 10 meters of 4.12 (including 2m @ 18.01 g/t Au), 18m of 1.29g/t Au (including 4m of 4.18g/t Au), 8m of 2.67 g/t Au (including 2m of 7.4 g/t), and 14m of 1.23g/t Au. These results identified the geometry of the high-grade mineralization at the South Reef main zone that remains open to the northwest and importantly have identified an emerging parallel high-grade structure (Upper zone) 175 meters to the north of the main zone. Ivan Bebek, Executive Chairman, commented, “We are very excited about the South Reef extension as it demonstrates strong similarities to the robust Main Zone. Our best intercepts came at the end of the program which resulted in strong expansion opportunities that will be exciting to follow up in 2018. In addition to the South Reef plunge extension, two other parallel high-grade shoots plunging in the same direction represent additional targets which provide significant room for the Homestake Ridge resource to increase.” Mr. Bebek further stated | |
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