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Auryn Resources Inc.
Summary
| Project: | Homestake Ridge | |
|---|---|---|
| Deposit: | Homestake Ridge | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 11/16/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-11-2016: Auryn Resources Inc. announces a Supporting Acquisition report for its Homestake Ridge deposit at the Homestake Ridge project. Technical report filed in support of acquisition of property. On September 7, 2016, Auryn Resources Inc. (Auryn) com | |
| Resources: | (Resource): 0.604Mt @ 6.40g/t Au, 48.3g/t Ag, 0.181% Cu (Ind.) at project | |
| CP/QP: | [Resources]: David W. Rennie (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | On September 7, 2016, Auryn Resources Inc. (Auryn) completed a plan of arrangement to acquire 100% of the issues and outstanding common shares of Homestake Resource Corporation (Homestake). Homestake Resource Corporation is the owner of the mineral tenures comprising the Homestake Ridge project. Homestake is now a wholly-owned subsidiary of Auryn and this technical report has been readdressed to reflect this. In 2012 Homestake Resource Corporation, formerly Bravo Venture Group Inc. and Bravo Gold Corp., prepared an update of the Mineral Resource estimate on the Homestake Ridge Project, near Stewart, BC. The estimate work was carried out under contract by Roscoe Postle Associates Inc. (RPA). Robert Macdonald, MSc, P.Geo., QP for the Homestake Ridge project, was the primary author of this report. Mr. Macdonald visited the property from August 22 to August 25, 2012, and again from September 23 to September 27, 2012. The project is located within the Iskut-Stewart-Kitsault Belt approximately 32 km northnorthwest of the tidewater communities of Alice Arm and Kitsault, BC, with road access within four kilometres. The Homestake Ridge property comprises 28 mineral claims and seven crown grants for a total area of 3,617 ha in the Skeena Mining Division with specific claims subject to a 2% net smelter return (NSR). The property is underlain by Hazelton Group rocks, a complex sequence of lower to middle Jurassic sedimentary, volcanic and intrusive rocks. The Main Homestake, Homestake Silver and South Reef deposits are hosted in lower Hazelton volcanic and sedimentary stratigraphy. | |
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