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Auryn Resources Inc.
Summary
| Project: | Committee Bay | |
|---|---|---|
| Deposit: | Ridge, Anuri | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/25/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-11-2016: Auryn Resources Inc. announces an Exploration/Drilling Update report for its Ridge, Anuri deposit at the Committee Bay project. Drilling results incl. 9m @ 1.04g/t Au from 39.62m. Vancouver, British Columbia – November 25th, 2016 – Auryn Resou | |
| Resources: | (Not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael Henrichsen (Not stated) | |
| ABSTRACT: | Vancouver, British Columbia – November 25th, 2016 – Auryn Resources Inc. (TSX: AUG, OTCQX: GGTCF) (“Auryn” or the “Company) is pleased to announce results from its 2016 drill and boulder-sampling programs from its Committee Bay gold project located in Nunavut, Canada. Auryn successfully intersected gold in the majority of the RAB holes drilled across a set of east-west trending structures at Anuri that were the primary focus of the 2016 drill program. Highlights from the drilling include; 9.14 meters at 1.04g/t Au, 7.62m @ 1.05g/t, and 3.05m @ 2g/t Au (see Figure 1). The structure intersected is interpreted by Auryn to be a secondary structure based on the discovery of a new high-grade boulder train at Anuri that has a source along a prominent regional north-south trending fault zone adjacent to the 2016 drilling area (see Figure 1). The top 5 samples from the new boulder train are as follows: 45.9g/t Au, 41.5g/t Au, 33.3g/t Au, 14.55g/t Au, and 12.65g/t Au. Shawn Wallace, President and CEO stated, “The progress at the Committee Bay project achieved over the last two years has been significant. We have completed extensive surface work over 85% of the nearly 300km long greenstone belt and importantly have drastically reduced drill costs. Our 2016 RAB drill campaign was limited to 2 target areas in the southwest of the project identified during the limited 2015 program; however, based on our 2016 surface work, we have properly defined 17 high priority drill ready targets across the belt.” | |
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