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Auryn Resources Inc.
Summary
| Project: | Committee Bay | |
|---|---|---|
| Deposit: | Shamrock, Aiviq | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/25/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-10-2019: Auryn Resources Inc. announces an Exploration/Drilling Update report for its Shamrock, Aiviq deposit at the Committee Bay project. Drilling results incl. 30m @ 0.67g/t Au from 10.5m. Vancouver, Canada – October 25, 2019 – Auryn Resources Inc. | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael Henrichsen (Internal) | |
| ABSTRACT: | Vancouver, Canada – October 25, 2019 – Auryn Resources Inc. (TSX: AUG, NYSE AMERICAN: AUG, “Auryn” or the “Company”) is pleased to announce results from the seven-hole, 2,700 meter summer drill program at Committee Bay. The Company drilled a new gold-bearing hydrothermal system and made significant progress in geophysical targeting. At the Shamrock target Auryn intersected 30 meters of 0.67 g/t gold, including 1.5 m of 5.03 g/t gold, which is characterized by quartz veining within gabbroic rocks (Figure 1). The Shamrock target is located 2.5 kilometers to the southwest of the Aiviq target where the Company drilled 10.5 meters of 1.22 g/t gold this summer (Figure 2). One of the most significant results of this year’s exploration program was Auryn’s advancement in targeting high-grade mineralization. With data available from both higher and lower grade gold-bearing hydrothermal systems, our technical team has identified that very high conductivity responses appear to be a critical aspect for targeting high-grade mineralization, as observed at the Three Bluffs deposit (Figure 4). Going forward, conductivity and chargeability couplets, generated through the use of groundbased geophysical IP surveys and existing airborne geophysical data, will be used to produce potential future drill targets. These targets will be delineated in areas where high conductivity responses, high chargeability responses and gold-in-till anomalies coincide. | |
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