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Auryn Resources Inc.
Summary
| Project: | Committee Bay | |
|---|---|---|
| Deposit: | Inuk | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-10-2017: Auryn Resources Inc. announces an Exploration/Drilling Update report for its Inuk deposit at the Committee Bay project. Drilling results incl. 25.91m @ 1.15g/t Au from 47.24m. Vancouver, British Columbia – October 19th, 2017 – Auryn Resources | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael Henrichsen (Internal) | |
| ABSTRACT: | Vancouver, British Columbia – October 19th, 2017 – Auryn Resources Inc. (TSX: AUG, NYSE American: AUG, “Auryn” or the “Company”) is pleased to announce new mineralization discovered at the Inuk prospect at its Committee Bay Gold Project located in Nunavut, Canada. Auryn intercepted 25 meters of 1.15g/t Au (including 3.05 meters of 4.13g/t Au) 400 meters away from the historic intercept of 12.6 meters of 16.04 g/t Au in hole INR003 within sulphidized banded iron formation. This hole extends the mineralized system considerably and demonstrates significant widths of mineralization under barren intrusive rocks that were not previously tested (Figure 1). This is the third area drilled at Committee Bay during 2017 to yield positive results and warrant further exploration. Michael Henrichsen, Chief Geologist and COO commented, “We are very pleased to have hit the broad intervals of consistent mineralization at our Inuk target. We have extended the mineralized system by 400 meters to the northeast under an intrusive cover rock sequence and glacial till. Our understanding of the geology of the Inuk prospect is at an early stage but we are highly encouraged at the strength of sulphidation and gold mineralization within banded iron formations over 10’s of meters.” | |
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